Republicans, it appears, instinctively want to defend Goldman Sachs. Yet, they should think carefully before weighing in on this matter, even if both Republican SEC commisioners voted against filing charges. A GOP embrace of the “Giant Vampire Squid,” as Goldman is affectionately called in popular parlance, could be political suicide and is not necessarily all that principled.

Republicans should remember that Goldman Sachs employee contributions to Obama in 2008 were second only to the University of California, in total amount for any single employer, according to FEC filings.  In all, three quarters of Goldman’s $5.9 million of employee political contributions went to Democrats in that election cycle. 

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