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Posted on 08/01/2011 7:57:03 AM PDT by Hunton Peck
Former Massachusetts Gov. Mitt Romney raised more than $12 million from just 90 donations so far this year in an unprecedented use of a fundraising account that can accept unlimited, loosely-regulated contributions in support of a presidential bid.
Disclosures filed Sunday show a supremely flush reserve for the man seeking to lead some 300 million-plus Americans, bankrolled by a few dozen in the finance industry, with some donations coming directly from corporations and others ascribed to near-anonymous addresses in Utah.
The total far overshadows that of similarly-structured funds set up to collect unlimited contributions in support of President Obama’s re-election.
Of four $1 million donations, two came from cryptically-named limited liability companies, or LLCs, sharing the same office suite in Provo, Utah. The only one with a recognizable name attached arrived from the 50th floor of a Manhattan skyscraper: The offices of John Paulson, the hedge fund manager who made millions of dollars an hour betting on the implosion of the housing market.
Illustrating the poor disclosure that accompanies the lack of monetary limits on such accounts, the final million-dollar donation was reported simply as coming from “W Spann LLC” of 590 Madison Ave. in New York, with no suite number or other identifying information. That building has housed offices for Paulson, lobbyists Akin Gump and Bain Capital, the hedge fund Mr. Romney once led.
The haul outweighs that of four Democratic super-PACs combined, who raised a combined $6 million in 82 contributions. In contrast to Mr. Romney’s fund, most of whose donations were $50,000 or greater, those four groups received only one seven-figure contribution, a $2 million donation from Hollywood mogul Jeffrey Katzenberg.
The largest of the four Democratic groups, Priorities USA Action, is the brainchild of two former top White House staffers who left the administration....
(Excerpt) Read more at washingtontimes.com ...
90 donors only get 90 votes.
Wow, RINOmney will get a lot of money to spend on yachts, because he’s never going to be president.
May an unclean yak back into his linen closet.
He can raise 90 billion dollars and we will never vote for Romney!
they’re going to be dismayed when their rombot flops.
with some donations coming directly from corporations and others ascribed to near-anonymous addresses in Utah.
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Grey, wanna place bets on the religion of these doners? Not sure who else would want to be pinged to this.
It appears as though the fix is in here somehow. This whole thing smells rotten.
Maybe there’s something to Obama’s “Share the wealth.” mantra.
If one of these rich donors would just send me a million or two. They can email for my mailing address at:
No one ever said the establishment was poor. All the more reason to continue the coup d’état in the Republican Party. It’s time for the Tea Party to run it.
Who are these Chek Pants RINO’s giving that kind of money?
It’s not the grassroots.
“90 donors only get 90 votes.”
Thats what I was thinking. What if Romney raises a billion dollars and nobody votes for him anyway?
My congressman was elected on less than half the money the democrats and unions raised for the incumbent democrat.
I would guess that those rich Romney supporters are more libertarian than conservative.
I have yet to meet anyone who is interested in Romney as a presidential candidate, so I suspect that this steady drip of Romney fundraising news is supposed to make the electorate think that only Romney can realistically challenge Obama.
Meh.
Is Soros and the left picking our candidate again?
“No one ever said the establishment was poor.”
And funny how, no matter how many campaign finance laws get passed, the establishment is always left with a way to do what they want, laws being for the Little People.
“Is Soros and the left picking our candidate again?”
Looks like they’re trying to.
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