New Jersey Congressmen and Goldman Sachs: perfect together

All but one member of Congressional delegation has taken contributions

As Goldman Sachs comes under scrutiny by federal regulators, it’s campaign contributions are under the microscope. It turns out, all but one of New Jersey’s representatives in Congress has taken money from the company.

The Center for Responsive Politics says Goldman Sachs and its political action committee have contributed more than $435,000 to members of New Jersey’s Congressional delegation since 1990. The Center’s executive director Sheila Krumholz says that raises questions about how the lawmakers decide issues relating to the financial industry.

“Not to say that this money is buying them special favors, but money has in the past played that role, had a disproportionate influence over policy in skewing policy in favor of well-heeled interests, so we want to pay close attention here.”

Republican Congressman Chris Smith is the only one of the fifteen congressional members from the Garden State who did not accept contributions from Goldman.