Goldman Trader Ends Bid to Unseat Ex-Goldman Banker in Congress

Photograph by J. Scott Applewhite/AP Photo

Rep. Jim Himes

Turns out there won’t be a congressional race pitting two former employees of Goldman Sachs against each other in a Connecticut district near New York City.

Republican Christopher Meek, a former equity derivatives trader for Goldman Sachs, the fifth-biggest U.S. bank by assets, is ending his campaign for the seat of Democratic Representative Jim Himes, who was a Goldman Sachs financial analyst and investment banker before entering Congress in 2009.

Meek pulled the plug after he was outpolled by 73 percent to 27 percent by businessman Steve Obstinik at a Republican nominating convention last weekend. While Meek could have challenged Obstinik in a primary election on Aug. 14, “it’s best that I step out right now,” Meek told Hearst Connecticut Newspapers this morning.

Employees of Goldman Sachs and their family members gave $63,800 to Meek’s campaign this election cycle, the most among House candidates, according to the Center for Responsive Politics, a Washington-based research group that tracks political donations. Himes received $22,800.

 


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