Federal agents raided the Houston TX office of Robert Allen Stanford’s Stanford Financial Group earlier this afternoon as part of an ongoing SEC investigation into possible securities fraud. Over $8 billion dollars worth of fraud.
Now, you might think that at a time like this, a Texas billionaire CEO under fire like Stanford would prefer to be in the company of friend and fellow republican swine George W. Bush, right? Not so fast. A quick check of Stanford’s campaign contributions indicates that he’s a solid “D”. Who was Stanford’s single largest campaign contribution to in 2008? Representative Charlie Rangel (D-NY).
Do you think the media will mention Stanford’s fundraising activities in its coverage of the story, given his apparent political leanings? Do you think they would if the ratios had been reversed?
Tuesday, February 17, 2009
Subscribe to:
Post Comments (Atom)
2 comments:
There's been little mention that Bernie Madoff was a heavy contributor to Democrats-why would they mention this guy?
Correct - the Madoff family has been very generous to the democrat party over the years.
And this point further illustrates my follow up question - would both of their fundraising histories been held to closer scrutiny by the media had they been republican donors? My feeling is yes, they would have.
Post a Comment