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View Full Version : Mitt Romney 3 Hedge fund managers gave his pac $!mill each; bankers/investors gave $30 mill




sailingaway
02-01-2012, 10:41 AM
http://www.guardian.co.uk/world/2012/feb/01/campaign-finance-super-pacs-disclosure

there's a lot of financial stuff in there:

Bill Koch, a lesser known sibling of the Koch bros gave over $700K too


The biggest donors aren't immediately apparent in the filings, because they often donate in installments or through different organisations. The Associated Press has been doing some deep digging and found that Restore our Future, the Super Pac supporting Mitt Romney, enjoyed donations of more than $30m from bankers, investors and prominent businessmen. The group's three most generous donors gave $1m each, or 400 times the amount they could legally give directly to Romney's campaign directly. All were hedge fund managers.

The top $1 million contributions came from Robert Mercer, co-executive of Renaissance Technologies, one of the world's largest hedge funds; Julian H Robertson Jr, the retired head of Tiger Management Corp, another top hedge fund; and Paul Singer, head of the New York-based Elliot Management Corp. Singer is a major Republican party campaign fundraiser, and his firm has specialised in the controversial practice of buying up sovereign debt of Third World and economically distressed nations, the AP reported.

Illustrating the problem in identifying donors, a million-dollar gift came in four installments from Melaleuca Inc, a vitamin and health products company headed by Frank VanderSloot, a Mormon businessman who has donated to both Republican and Democratic politicians. VanderSloot's website features a photo of him posing with Newt Gingrich and his wife, Callista.

At least $750,000 came from Bill Koch, a sibling of the two prominent Koch brothers who donated to many Republican, conservative and pro-business causes in recent years. Bill Koch gave a $250,000 donation, and Oxbow Carbon LLC, the global energy firm he heads, gave $750,000 more, according to AP.