As he departs for his lavish $4 million vacation, King Putt leaves one last news dump for the year.
President Barack Obama’s re-election campaign has returned campaign contributions from Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., according to a Democratic official.
Responding to Republican criticism that the money from the former New Jersey governor was tainted by his firm’s collapse, Obama for America and the Democratic National Committee refunded the money, said the official, who requested anonymity.
Corzine, 64, and his wife Sharon Elghanayan each contributed $30,800 to the Democratic National Committee and $5,000 to Obama’s campaign, the maximum amounts that individuals are allowed to give, said the official. Corzine, who testified before a congressional panel about MF Global’s bankruptcy and $1.2 billion in missing customer funds, has been one of Obama’s top fundraisers this election cycle. In April, Corzine hosted a fundraiser for Obama at his Manhattan home.
Naturally, what’s highlighted is Obama allegedly is returning money directly from Corzine, the $70,000.
Corzine was one of 41 donors who bundled more than $500,000 this year for Obama’s re-election effort, according to documents released by the campaign Oct. 14. The campaign doesn’t plan to return those bundled donations and will evaluate other contributions from MF Global employees on a case-by-case basis, according to the Democratic official.
Barack Obama, leading the fight against Wall Street greed, while taking the most money from them.
Via John E.