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January 17, 2008 at 10:12:29

Presidential Candidates Under the Influence of Securities, Investment, and Hedge Fund Money

by Kevin Gosztola     Page 2 of 2 page(s)

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Wells Fargo employees have donated $52,750 to Hillary, $15,000 to Barack, and $16,500 to John.

Altogether, the money made off of people working for discriminatory subprime lenders is for each candidate: $434,700 for Hillary, $831,024 for Barack, and $61,175 to John.

OpenSecrets.org shows that from “Securities & Investment” Hillary has been given $4,735,730, Barack has been given $4,505,199, and John has been given $773,600. (Hillary and Barack have been given more than all the Republican candidates except Giuliani.) And from “Hedge Funds & Private Equity”, Hillary has been given: $980,700, Barack has been given $976,574, and John has been given $252,550.

So what does this all mean? All that was said by the candidates on foreign investment, which to them meant time to talk about what they would do to stop home foreclosures that are occurring as a result of foreign investment insecurity? Let’s go to the man who best decodes nuancing and rhetoric in the Democratic Party, Dennis Kucinich.

In the MSNBC debate Tuese recognized that lack of oversight has been a key problem in this scandal with subprime loans but he suggests that hedge funds, which have invested in the “leading” candidates, are a prime problem. He raised the question of how they are going to have a means of oversight if their donors are the ones fueling this subprime loan mess and went on to detail Edwards’ involvement with the Fortress hedge fund. In closing he suggested that the most important thing is to have a president able to “challenge frontally the very interests that have been able to escape regulation through these hedge funds, who will be able to protect private investors who may have been brought into the initial public offering of hedge funds, where the transparency is still quite limited, and who will be able to help rebuild the American economy to the point of where we can have a true housing program, where people can have housing and gain access to credit.”

How much money has Dennis made from Securities and Investment or Hedge Funds and Private Equity? Only $1,750 from Securities & Investment.

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Kevin Gosztola goes to Columbia College in Chicago where he is studying film. He hopes to become a documentary filmmaker. He is currently working as a production assistant on a documentary called "Seriously Green" which traces the development of the Green Party throughout the 2008 election. He has a passion for journalism and writes articles or press releases in his spare time. Kevin Gosztola is also a student activist who believes in questioning the way America's systems work(its electoral system, its military-industrial complex, its foreign policy of American exceptionalism, its media which has become the Fourth Branch of government,etc.)
His ambitions have him currently organizing and raising money for a Chicago Conference for Media Reform in April or May of 2009. It will be organized by college students to promote youth involvement in media reform and justice. Those interested in attending or helping with the organization of the program should contact him.

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