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Indybay FeatureRelated Categories: San Diego | Government & Elections
Governor Candidate Ask: Is Wall Street in the California Governor’s Race?
Two California governor candidates, Republican Candidate Steve Poizner and PFP Candidate Stewart Alexander are sharing the concerns of millions of Californians; how deep was Meg Whitman’s involvement during the period when she serve on the board of Goldman Sachs. Stewart Alexander says “California is in a deep financial crisis and Californians need to know how much did Goldman Sachs contributed to the state’s financial crisis and what part did Meg Whitman play.”
Meg Whitman remains silent about ties with Goldman Sachs
Stewart A. Alexander
For California Governor
Peace and Freedom Party 2010
April 29, 2010
While Republican front-runner Meg Whitman is sharing what she will do for California if elected governor, millions of Californians want to know about her past connections with Goldman Sachs and Wall Street. According to the CS Monitor, “Ms. Whitman sat on the board of Goldman Sachs before resigning seven years ago in a controversy over how she and other executives received shares in initial public offerings. Campaign finance records show she held stakes in Goldman and Goldman-managed investment funds after resigning.”
On Tuesday, seven current and former Goldman Sachs employees including CEO Lloyd Blankfein testified before a Senate Subcommittee investigating the role Goldman Sachs in the mortgage meltdown that triggered the global financial crisis. During the hearing, U.S. Senator Carl Levin stated that “evidence shows that Goldman Sachs helped build and operated that conveyor belt that fed toxic mortgages and mortgage securities into the financial system and then made large bets against the market it helped create, reaping the profits from it.”
Now two California governor candidates, Republican Candidate Steve Poizner and PFP Candidate Stewart Alexander are sharing the concerns of millions of Californians; how deep was Meg Whitman’s involvement during the period when she serve on the board of the Wall Street financial giant. Stewart Alexander says “California is in a deep financial crisis and Californians need to know how much did Goldman Sachs contributed to the state’s financial crisis and what part did Meg Whitman play.”
Over the past decade, Meg Whitman has made a fortune from her dealing on Wall Street and with Goldman Sachs and Ms Whitman has committed $150 million of that fortune to buy the California governor’s seat. With little or no political experience, the billionaire Republican has already spent more than $60 million dollars on television and radio ads covering the entire state. Her campaign has offer little substance regarding how she will put more than two million California back to work or how she will solve the state’s financial crisis.
Meg Whitman has stated that she will run California like a business; however, most of her business experience and successes have resulted from her Wall Street ties during a period when Wall Streets reaped trillions in profits at the expense of Main Street.
Stewart Alexander says “If we have a governor candidate that can buy her way into the governor’s office, Californians need to know if she can be trusted and if she will be working for Wall Street or for the people of California.” Alexander is calling on U.S. Congressman John Conyers, Jr., Chairman of the House Judiciary Committee to arrange immediate congressional hearings to determine the involvement of Meg Whitman and other Goldman Sachs board members regarding business activities that led to the criminal charges that were filed by the SEC against Goldman Sachs.
Stewart Alexander is calling on Steve Poizner to join his call to have the U.S. House of Representative to launch an immediate investigation of Meg Whitman and her involvement with Goldman Sachs.
For more information search the Web for: Stewart Alexander for Governor
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By: Susanna Dvortsin, Orange County Independent Examiner
Socialist Party USA
Peace and Freedom Party