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sonofloud

Published Letters: 1610
Editor's Choice: 10

Wednesday, March 18, 2009 10:34 AM

Corporate america owns Obama and he better not forget it

Given his decision not to accept public financing, Mr. Obama is counting on his bundlers to help him raise $300 million for his general-election campaign and another $180 million for the Democratic National Committee.

An analysis of campaign finance records shows that about two-thirds of his bundlers are concentrated in four major industries: law, securities and investments, real estate and entertainment. Lawyers make up the largest group, numbering roughly 130, with many of them working for firms that also have lobbying arms. At least 100 Obama bundlers are top executives or brokers from investment businesses: nearly two dozen work for financial titans like Lehman Brothers, Goldman Sachs or Citigroup. About 40 others come from the real estate industry.

The biggest fund-raisers include people like Julius Genachowski, a former senior official at the Federal Communications Commission and a technology executive who is new to political fund-raising; Robert Wolf, president and chief operating officer of UBS Investment Bank; James A. Torrey, a New York hedge-fund investor; and Charles H. Rivkin, chief executive of an animation studio in Los Angeles.

http://www.nytimes.com/2008/08/06/us/politics/06bundlers.html?_r=1&scp=6&sq=bundlers%20obama&st=cse

Wednesday, March 18, 2009 12:44 PM

These are the very people who paid for Obama's campaign

Given his decision not to accept public financing, Mr. Obama is counting on his bundlers to help him raise $300 million for his general-election campaign and another $180 million for the Democratic National Committee.

An analysis of campaign finance records shows that about two-thirds of his bundlers are concentrated in four major industries: law, securities and investments, real estate and entertainment. Lawyers make up the largest group, numbering roughly 130, with many of them working for firms that also have lobbying arms. At least 100 Obama bundlers are top executives or brokers from investment businesses: nearly two dozen work for financial titans like Lehman Brothers, Goldman Sachs or Citigroup. About 40 others come from the real estate industry.

The biggest fund-raisers include people like Julius Genachowski, a former senior official at the Federal Communications Commission and a technology executive who is new to political fund-raising; Robert Wolf, president and chief operating officer of UBS Investment Bank; James A. Torrey, a New York hedge-fund investor; and Charles H. Rivkin, chief executive of an animation studio in Los Angeles.

http://www.nytimes.com/2008/08/06/us/politics/06bundlers.html?_r=1&scp=6&sq=bundlers%20obama&st=cse

Wednesday, March 18, 2009 12:52 PM

If they were truly centerist they would have come out against Obama when he

1. increased the military budget by $40 billion.

2. increased the amount of our tax revenue that goes to churches via the faith based fraud.

3. gave over $780 billion to criminal corporations.

4. increased missile strikes in Pakistan.

Thursday, March 19, 2009 07:04 AM

Way to lead Obama, the right hand doesn't know what the left hand is doing

On Wednesday, Sen. Chris Dodd, D-Conn., acknowledged that his staff agreed to dilute the executive pay provision that would have applied retroactively to recipients of federal aid. However, Dodd said he was not aware of any American International Group Inc. bonuses at the time the change was made.

The provision was the subject of new attention this week because, had it survived, it would have prevented AIG from granting $165 million in bonuses to employees of its financial products division.

"I'm the one who has led the fight against excessive executive compensation, often over the objections of many," said Dodd, the chairman of the Senate Banking Committee. "I did not want to make any changes to my original Senate-passed amendment, but I did so at the request of administration officials, who gave us no indication that this was in any way related to AIG."

He added: "Let me be clear: I was completely unaware of these AIG bonuses until I learned of them last week."

Dodd did not name the administration officials in his statement, which came a day after he told CNN that he had nothing to do with the change in the provision. In his statement Wednesday, Dodd said he was referring to action to protect AIG.

http://hosted.ap.org/dynamic/stories/A/AIG_BONUS_CONGRESS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

Thursday, March 19, 2009 07:12 AM

Dodd and AIG

Over the years, Dodd has been the top recipient of campaign contributions from AIG employees. During 2007-2008, when he ran for president, he received nearly $104,000 from AIG employees and their families, according to the Center for Responsive Politics, a nonpartisan group that monitors money in politics.

Thursday, March 19, 2009 07:19 AM

Dodd is like John Edwards

he's only sorry he got caught.

Over the years, Dodd has been the top recipient of campaign contributions from AIG employees. During 2007-2008, when he ran for president, he received nearly $104,000 from AIG employees and their families, according to the Center for Responsive Politics, a nonpartisan group that monitors money in politics.

Thursday, March 19, 2009 07:49 AM

I'm saying that the money AIG gave Dodd over the years made it very easy

for him to look the other way when the Obama administration changed his legislation and allowed the bonuses.

If Dodd really thought it was wrong he could have held a press conference saying so or removed his name from the legislation.

It's standard Washington practice.....say one thing, do the opposite, then blame someone else.

Thursday, March 19, 2009 09:58 AM

Dodd isn't the only one AIG paid

New York campaign finance records show American International Group donated $100,000 to the state Democratic Committee just before Democratic Gov. David Paterson and his insurance superintendent launched marathon sessions to prop up the embattled insurer.

The contribution was made Aug. 29. Insurance Superintendent Eric Dinallo started negotiating with AIG and federal officials within about two weeks.

On Sept. 16, Paterson announced the "great news" that New York officials helped the giant insurer strike a historic loan deal with the Federal Reserve to keep AIG afloat.

Spokesmen for the state Democratic party, Paterson, Dinallo and AIG had no immediate comment Thursday.

The state's effort is credited with giving AIG time to survive.

http://www.nbcnewyork.com/news/local/AIG-Gave-NY-Dems-100K-Before-Historic-Loan.html

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