Monday, July 25, 2011

All Of A Sudden John Paulson's Hedge Fund Is One Of John Boehner's Biggest Donors

According to Bloomberg: since January, U.S. House Speaker John Boehner has raised $6.6 million for his campaign committee, six times more than the Ohio Republican received during the same period two years ago when he was the chamber’s minority leader.

Three of the five biggest sources of Boehner’s campaign cash this year are employees of three Wall Street investment houses, a shift from the 2010 election cycle when such contributors weren’t ranked among his top 10 donors.
Employees at the New York hedge fund Paulson & Co. contributed $61,050 to Boehner’s campaign account, more than any other company. New York-based Moore Capital Management LLP employees gave $53,000, while those at Cantor Fitzgerald LP donated $45,000.

No one from any of those companies donated to Boehner for his 2010 re-election campaign, according to the Center for Responsive Politics, a Washington-based research group that tracks political money....
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Read more at http://www.bloomberg.com/news/2011-07-25/wall-street-helps-boehner-boost-fundraising-as-house-speaker.html

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