BRIAN ROSS REPORTS
Bush Signs CNMI Immigration Bill into Law
Embattled Official Defends Pricey Hand Towels
Shock and Awe on M Street
WEWS Cleveland: Natural Gas Boom Has Hidden Danger
Lobbyists Making Even More Money Than Ever
Thanks to You, the Blotter Marks Second Year With More Success
White House Ousts Top Official Accused of Political Favoritism
Second Trial for Boeing Whistleblower
Undercover Investigation: One-Stop Shopping for Steroids
Report: U.S. Anti-Corruption Efforts Looking Good (in Iraq)
CIA Tape Probes, Still Chugging Along
Ex-KBR Workers to Testify on Contract Fraud
McCain Aided Arizona Businessman
Duke Briber Hasn't Made Bail, Judge Says
Rezko out on Bail
Despite Admission, Latest Hill Scandal "Still a Whodunit"
Radical Ties an Issue as Dems Debate
Repaid, Guam Drops Charges Against Abramoff Firm
D.C. Madam Trial: Powerful Men Won't Have to Testify?
Russia Upset Over Arms Dealer's Arrest?
What's Reflected in Cheney's Glasses?
Ex-Prez Clinton: Million Dollar Bill?
Congresswomen to Rice: No Blackwater Contract
TOP BLOTTER CATEGORIES
- Abramoff Lobbying Scandal
- American Al Qaeda
- Avian Flu
- Beirut Hospital Out of Gas
- CIA
- CIA Secret Prisons
- D.C. Madam Affair
- FBI
- Federal Air Marshal Service
- Homeland Security
- Hurricane Katrina
- Mark Foley Internet Scandal
- Millionaire Sex Scandal
- Nigerian E-mail Scams
- Norman Hsu, Clinton Fundraiser
- NSA: Wiretapping
- Osama bin Laden
- Payola
- Pharmacy Investigation
- Speaker of the House Dennis Hastert
- Terror
- U.K. Airline Terror Plot
- U.K. Bombing Attempts
- Wen Ho Lee
- William Jefferson
- Zarqawi
Bank's Collapse Could Hurt Campaign Coffers
March 17, 2008 10:14 AM
The sudden collapse of Bear Stearns may hit politicians where it hurts: in their campaigns' pocketbooks.
Employees of the once-feisty Wall Street firm gave over $5 million to politicians and party groups since 2000, according to Congressional Quarterly's Moneyline database.
The firm's political action committee doled out close to $500,000 during the period, tending to favor politicans of whichever party controlled Capitol Hill at the time.
Among candidates in the 2008 presidential race, Bear Stearns employees have favored Democratic Sen. Hillary Clinton, N.Y. They have given their home-state contender and her various committees over $200,000 in the past five election cycles, compared to $73,800 for Republican John McCain and $38,425 for Clinton’s Democratic primary contender, Sen. Barack Obama, Ill.
Their favorite 2008 White House hopeful dropped out months ago. Sen. Christopher Dodd, D-Conn., also chairman of the Senate Banking Committee, collected over $313,000 from Bear Stearns employees since the 2000 campaign season.
Update: Bear Stearns' purchaser, J.P. Morgan Chase, has been even more generous. Morgan Chase employees have contributed roughly $8 million since 2002, according to OpenSecrets.org. The firm spends millions more on lobbying, Senate records show.
March 17, 2008 | Permalink | User Comments (1)
And most didn't care for Mike Huckabee, don't see his name of this list. Does America really want a change and honest, upstanding president. I am starting to feel as though they like drama and an area to vent displaced emotions. Maybe the American people will get lucky and the music will stop playing at the back door dancing scene. God Bless the USA
Posted by: regionfive | Mar 17, 2008 10:03:13 PM
Post a comment
