The SEC’s charges against the investment firm may provide an unwelcome distraction for the campaigns of former business executives Carly Fiorina and Meg Whitman.
By Cathleen Decker, Los Angeles Times
April 25, 2010
The decision by federal regulators to accuse investment powerhouse Goldman Sachs of fraud for actions in the run-up to the market meltdown sent shivers through Wall Street and a jolt of uncertainty into an unlikely venue: California’s political races.
In something of a rarity, both top-of-the-ticket races — the contests for governor and U.S. Senate — feature competitors from the world of business. Former Hewlett-Packard Chief Executive Carly Fiorina is running for the Republican nomination to challenge incumbent Democratic Sen. Barbara Boxer. Former EBay chief Meg Whitman is the GOP frontrunner in the race for governor, where she would likely face Democrat Jerry Brown, the former governor trying to recapture the job he held from 1975 to 1983.
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