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Tuesday, October 21, 2008

Funds for Election Cloudy the Water

The New York Times did some research on persons donating funds to the Presidential Campaigns and found some rather interesting donations.

In the midst of this financial collapse of some of the biggest Wall Street firms, isn't it amazing that a dozen employees from the now defunct Goldman Sachs each wrote checks for Obama. How about the $30,000 contribution of John M. Noel, chief executive of Travel Guard, an affiliate of the insurance giant AIG.

The money trail will many times lead you in the direction the Candidate will go once elected. Although Obama has thrived on the small donations that are unreported. The $200 internet donations. These donors don't have to be reported by law, how easy could it be to come up with multiple names and donate multiple times to bypass those reporting rules?

McCain also received donations from Merrill Lynch including the CEO, Marvin Gilliam, an executive at Cumberland Resources, a Virginia coal-mining company where several top officials made sizable contributions to Mr. McCain, as well as Mr. Gilliam’s wife, Marcia; Joe Ricketts, founder of the securities firm TD Ameritrade; and Meg Whitman, former chief executive of eBay

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