Opinion

Corzine Loss to Christie Signals Waning Influence of Goldman Club: Today's Outrage

Stock quotes in this article: GS , AIG  

In addition, Goldman received a back-door bailout of more than $12 billion of taxpayer money funneled through AIG (AIG) in a bailout of the mega insurer orchestrated by Goldman club member Henry Paulson while he was still Treasury secretary in the Bush administration. Goldman got to keep that money.

So with all the negative publicity surrounding Goldman these days, it really shouldn't be such a surprise to see Goldman club members sent to the political sidelines.

--Written by Glenn Hall in New York.

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Glenn Hall is the New York-based Editor in Chief of TheStreet.com. Previously, he served as deputy editor and chief innovation officer at The Orange County Register and as a news manager at Bloomberg News in Frankfurt, Amsterdam and Washington, D.C. As a reporter, he covered business and financial markets, worked in both print and television in the U.S. and Europe, and conducted in-depth investigative coverage at The Journal-Gazette in Fort Wayne, Ind. His work also has been published in a variety of newspapers including The Wall Street Journal, The New York Times and International Herald Tribune. Hall received a bachelor's degree in journalism and political science from The Ohio State University and a certificate in project and program management from Boston University.

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