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As Goldman Reports Profits, Focus on Clinton's Paid Speeches Re-Emerges

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Goldman Sachs (GS - Get Report) posted quarterly profit topped analyst estimates Tuesday, putting a spotlight once again on the institution at the center of a battle between Democratic presidential candidate Hillary Clinton and her rival, Bernie Sanders, over speeches she gave to the giant investment bank and its clients.

Sanders has demanded that Clinton release transcripts of the paid speeches Clinton gave at Goldman Sachs, including one she made in October 2013 to bankers at a summit in Arizona for a $225,000 fee. Sanders has made the speeches and payments to Clinton a key part of his stump speeches and attacks on Clinton in Democratic debates.

Although there is no indication that Clinton will release her speeches any time soon, it's clear that making those transcripts public would help Sanders in his campaign for the Democratic nomination.

"You have to assume that because Sanders has addressed this so much, there is nothing good in there for her," says Cornelius Hurley, director of the Center for Finance, Law & Policy, Boston University. "If they were benign, she would have released them by now. This is her Achilles heel, and Sanders is killing her for it. Without Sanders she would be ignoring it."

At a minimum, some observers have contended, the speeches' details will show a coziness between Clinton and Goldman Sachs managers that many voters will be uncomfortable with in light of the 2008 financial crisis and the long-lasting harm it inflicted on the economy. Sanders' testy relations with Wall Street will make him look good by comparison, they have said.

Clinton has sought to defend herself, most recently in the Democratic primary debate last week, when she argued that Sanders can't provide any examples of her being...


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