New research into hedge funds with political access seems to have demonstrated that the STOCK Act is making a difference.Continue reading
JPMorgan Chase & Co. may have lost a $2 billion dollar bet on the markets, but the investment giant's campaign contributions show a much more conservative approach, featuring mega contributions to both political parties -- and both of this year's leading presidential candidates.
The company and its employees have been generous donors to political campaigns. JPMorgan's political largesse has totaled more than $21 million since 1991, according to Influence Explorer. The Center for Responsive Politics lists the storied bank as one of President Obama's top 2008 donors; his haul that year made him the top recipient of JPMorgan ...Continue reading
In the 2010 election cycle so far, Hedge Fund executives, managers and investors contributed more than $12.8 million to national and state party committees--the Democratic National Committee, the Republican National Committee, the Democratic Senatorial Committee, the National Republican Congressional Committee and so on--in chunks ranging from $10,000 to $30,400, a search of TransparencyData.com reveals.
The maximum amount an individual can give to a party committee in an election cycle is $30,400; OpenSecrets.org has a handy primer on the contribution limits here.
The full list of donors and recipients is below.
Andrew Miga of the Associated Press reports on Sen. Chris Dodd's fundraising efforts for his reelection bid, and his tendency to raise it from interests with business before his committee:
The special interest cash leaves Dodd vulnerable to charges that he's too cozy with the very people he's supposed to regulate, the same crowd many blame for the financial meltdown. It's a problem lawmakers who rely on Wall Street campaign cash face as Congress tackles a sweeping financial regulation overhaul.
One of the country's wealthiest hedge fund managers, John Paulson, recently hosted a New York ...Continue reading
Treasury Secretary Tim Geithner announced a new regulatory model for the financial system that includes regulating hedge funds for the... View ArticleContinue reading