Campaigns benefiting from large donors
The latest campaign finance disclosures point to a proliferation of large donors supporting candidates and their parties and much of that money is coming from donors with interests in Washington, according to a report by Michael Luo and Griff Palmer of The New York Times. Fine print in campaign finance laws allow for larger donations when they are being made to joint funds benefiting both candidates and their parties. “A New York Times analysis of donors who wrote checks of $25,000 or more to the candidates’ main joint fund-raising committees found, for example, the biggest portion of money for both candidates came from the securities and investments industry, including executives at various firms embroiled in the recent financial crisis like Bear Stearns, Lehman Brothers and AIG.”
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