Hedge fund managers bought the mid term elections for the GOP

Discussion in 'Conspiracy Theories' started by Chris, Jan 5, 2011.

  1. Chris
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    Chris Gold Member

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    A small network of hedge fund executives pumped at least $10 million into Republican campaign committees and allied groups in last year’s elections, helping bankroll GOP victories that changed the balance of power in Washington, according to a review of campaign records and interviews with industry insiders.

    The net effect has given hedge funds important new allies at a time when they are fending off some regulations mandated by the Dodd-Frank financial reform law and an aggressive Justice Department investigation into insider trading.

    A prime example is Rep. Scott Garrett, a little known Republican from northern New Jersey who has been a staunch defender of the hedge fund industry and will now chair the House financial services subcommittee on capital markets. As it became increasingly clear late last summer that Republicans were likely to capture the House, executives at the hedge fund Elliott Management Co. raised at least $195,800 for two committees that benefited Garrett directly and bolstered his standing with key Republicans. Paul Singer, chairman of the $17 billion Manhattan firm, has been one of the GOP’s most prolific fundraisers and donors.

    Hedge Funds Bet Heavily on Republicans at End of Election - The Center for Public Integrity
     
  2. Revere
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    Revere BANNED

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    People who make a lot of money and pay a lot of taxes should be paid attention to.
     
  3. Mad Scientist
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    Mad Scientist Feels Good!

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    Wow, I had no idea! Who do you suppose bought the election for Obama?
     
  4. Toro
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    Toro Diamond Member

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    That's what happens when you PISS US OFF!
     
  5. candycorn
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    candycorn Alis volat propriis

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    More importantly..."they" always said that Bush and company cheated to win the 00 and 04 elections. Somehow I guess the operatives took the 08 election off? Sour grapes taste like shit no matter who supplies them or who eats them.
     
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  6. Revere
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    Revere BANNED

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    The unions bought the 06 and 08 elections.

    Where did THAT get us?
     

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