Racism in American Finance?

Goldman Sachs Headquarters

A tiny minority of the American population now holds the top positions of almost every government department regulating the financial system. Although non-gentile Americans comprise only 2% of the population, they hold the two top Federal Reserve positions—Chairmen Ben Shalom Bernanke and Vice Chairwoman Janet Yellen. The majority of the Federal Reserve District Bank Presidents are also non-gentiles, and so was the previous Chairmen of the Federal Reserve, Alan Greenspan. The Secretary of the Treasury Jack Lew is non-gentile. The Securities and Exchange Commission Chairwoman Mary Shapiro is non-gentile, as well as the Commissioner of IRS, Douglas Schulman. The top two positions of Goldman Sachs, a powerful bank that sends many of its top executives to high level positions in the US treasury, are held by the non-gentiles, CEO and Chairman Lloyd Blankfein and President Gary Cohn.

These government departments control the printing of America’s money, the collecting of the taxes, and the regulation and oversight of the most important financial matters in the nation. Most importantly though, those who occupy these top-level government positions control vast quantities of extremely valuable information. For example, the Federal Reserve Chairman and District Bank Presidents know about interest rate decisions before they become public. The SEC Chairwoman and IRS Chairman have knowledge of potentially damaging investigations into large companies before they are announced. If any of this information were leaked to family members or friends, it could be used to make a fortune.

In addition, 33% of the Supreme Court Justices—Elena Kagan, Stephen Breyer, and Ruth Bader Ginsburg— are non-gentile. The final arbiter in the land, who rules on the intent of the financial legislation, is dramatically overrepresented by non-gentile Americans as well.

In terms of wealth accumulation and economic purchasing power, this tiny group representing less than 2% of the population now comprises 10.25% of all the millionaires, 36% of billionaires, and 45% of the top 40 richest Americans.

So how could this dramatic overrepresentation of non-gentiles in the American financial system occur? And how could it occur without the media or elite academia crying foul about racial inequality? There is no question that non-gentile Americans are on average some of the hardest-working, most highly-educated and intelligent minority groups in America, and there is a small possibility that all of these positions could have coincidentally wound up in the hands of a tiny minority. The two problems that would lead one to think otherwise are first: there is evidence that Israeli lobbying groups have actually used political campaign financing in the past to secure Jewish and pro-Israel Americans high level government jobs, and second: this overrepresentation of non-gentile Americans in top positions is a pattern that extends well beyond American finance.

In 1992, David Steiner, the president of the largest Jewish lobby in America—American Israel Public Affairs Committee (AIPAC), was caught on tape bragging about his organization’s incredible power in America. Steiner admitted that he had been lobbying to get Jewish, and pro-Israel candidates into positions of power in the US Government. Steiner said, “We gave two employees from AIPAC leave of absences to work on the [Clinton] campaign. I mean, we have a dozen people in that campaign, in the headquarters….and they’re all going to get big jobs. We have friends. I also work with a think tank, the Washington Institute. I have Michael Mandelbaum and Martin Indyk being foreign policy advisers. Steve Speigel—we’ve got friends—this is my business.”

“I talked to Bill Clinton [and he made a commitment that] he’s going to be very good to us. One of my officers, Monte Friedkin, is one of the biggest fund-raisers for them [Clintons]. I mean, I have people like that all over the country.”

When asked if he knows who Bill Clinton would put on the Supreme Court if elected, Steiner replied, “We’re talking now. We don’t have no commitments yet. We’re just negotiating. We’re more interested right now, in the Secretary of State and the Secretary of National Security Agency. That’s more important to us.” He also said, “we are negotiating” who will be Secretary of State. True to his commitments, Bill Clinton used his two Supreme Court appointments to appoint Jewish Justices.

The Clinton campaign was forced to negotiate high level government jobs with Steiner because, as the Washington Post estimated, 60% of the Democratic Party’s political contributions come from non-gentile sources. It is widely estimated that 50% of all American campaign funding comes from non-gentile sources, and as such, three of the top political contributors in America today are non-gentile—Sheldon Adelson, George Soros, and Haim Saban. Goldman Sachs is one of the top corporate political contributors. In addition to holding many positions of power in the financial industry, these campaign contributions give non-gentile Americans disproportionate influence on the legislation of financial matters.

As mentioned earlier, these over-representations extend beyond the financial services industry and into the media and academia—which may be why these racial disparities are rarely studied or reported upon. As Kevin McDonald, a California State University professor, concluded, “These data strongly suggest that Jewish overrepresentation at elite universities has nothing to do with IQ but with discrimination against non-Jewish White Americans….It would be interesting to see the dynamics of the admissions process. How many admissions officers are Jewish? And, whether or not they are Jewish,what pressures are they under to admit Jewish students?” To answer his question, 12-35% of the Ivy League student population are non-gentile and nearly 80% of the people in the top administrative positions are either non-gentile or married to non-gentiles. This link provides the names and tittles of the Ivy League administrators to prove this point.

In another segment of non-gentile dominance; about 90% of the American media is owned or managed by non-gentile Americans. The video at the bottom proves this point by showing the pictures, names, and titles of the controlling parties. As such, the media hires non-gentile reporters, newscasters, and executives in equal proportion to higher education. Other examples of overrepresentation include professional sports administration, gambling administration, Congress, and the legal profession.