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Keyword: bankingbill

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  • Hedge Funds Donate Big to Democrats; Get Exemption from Bank Bill

    05/04/2010 12:40:59 PM PDT · by george76 · 9 replies · 424+ views
    bg ^ | May 4th 2010 | Publius
    The world’s top-earning hedge fund managers have bankrolled almost exclusively Democratic campaigns. The top 10 highest-paid hedge fund managers in 2009 have dished out campaign contributions almost only to Democrats. Over their lifetimes, those managers have given almost $33 million in campaign contributions to Democrats... The same managers gave roughly $600,000 to Republicans... The contributions went 98 percent to Democrats and two percent to Republicans. As the Senate prepares to debate possibly hundreds of amendments to a Wall Street overhaul bill, labor unions and others have criticized the bill for not having tough restrictions on hedge funds. “It’s very disconcerting...