Wall Street to take on Main Street: Mark Jacobs jumps in

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DES MOINES, IA – According to the Des Moines Register, former Wall Street executive Mark Jacobs is preparing to take on Main Street Iowa by running for U.S. Senate. While Jacobs spent over a decade making a name for himself working for Goldman Sachs on Wall Street, he will struggle to convince Main Street Iowans that he’s the right choice to represent them in Washington.

“We need an Iowa problem solver like Bruce Braley in the US Senate who represents main street values, not a New York banker who made a fortune on Wall Street,” said Iowa Democratic Party Executive Director Troy Price.  “Mark Jacobs’ Wall Street background couldn’t be more out-of-step with Iowa. In the short time Mr. Jacobs has lived here, you’d think even he would have realized this.”

Mark Jacobs Joined Goldman Sachs In 1989. “Jacobs, 40, has an investment banking background that includes work with energy and power companies. Reliant is among them. He joined Goldman Sachs in 1989 in mergers and acquisitions in New York, moving to corporate finance operations here in 1998. For the past several years, Jacobs, in his capacity at Goldman, has served as an adviser to Reliant’s executive management and board of directors on strategic issues, the company said.” [Houston Chronicle, 7/17/02]

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