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Fri Oct 5, 2012, 10:13 AM

Canadian-Owned Firm Gives $1 Million to Romney Super-PAC, Raising Red Flags

Source: Mother Jones

A million-dollar donation by a foreign-owned corporation to a Republican super-PAC has raised legal concerns and opened up the controversial Citizens United Supreme Court decision to new criticism.

Restore Our Future, the super-PAC supporting Republican Mitt Romney's run for president, received a $1 million donation in mid-August from reinsurance company OdysseyRe of Connecticut, a "wholly-owned subsidiary" of Canadian insurance and investment management giant Fairfax Financial Holdings Limited.

-snip-

Watsa and his company cashed in on the collapse of the US housing market by investing in complex financial instruments known as derivatives, according news accounts.

Since the beginning of 2008, Fairfax Financial has spent $320,000 on lobbying in Washington, D.C., and its issues include how derivatives are regulated under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

-snip-

Read more: http://www.motherjones.com/politics/2012/10/canadian-foreign-donation-super-pac-restore-our-future

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Reply Canadian-Owned Firm Gives $1 Million to Romney Super-PAC, Raising Red Flags (Original post)
highplainsdem Oct 2012 OP
ejbr Oct 2012 #1
SpankMe Oct 2012 #2
highplainsdem Oct 2012 #11
sinkingfeeling Oct 2012 #3
kimbutgar Oct 2012 #4
magic59 Oct 2012 #5
VWolf Oct 2012 #6
sinkingfeeling Oct 2012 #7
City Lights Oct 2012 #8
benld74 Oct 2012 #9
SemperEadem Oct 2012 #10

Response to highplainsdem (Original post)

Fri Oct 5, 2012, 10:16 AM

1. Sure



tongue-in-cheek, of course. I wonder how Scalia will spin this.

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Response to highplainsdem (Original post)

Fri Oct 5, 2012, 10:25 AM

2. Of course, if a Democrat received such a donation,

the Republicans would be screeching like banshees. There'd be accusations of foreign control of a U.S. political party and dire predictions that the sovereignty of the mighty U.S. is all but toast.

But, when Republicans benefit, well, that's first amendment protected.

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Response to SpankMe (Reply #2)

Sat Oct 6, 2012, 12:26 AM

11. +1,000

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Response to highplainsdem (Original post)

Fri Oct 5, 2012, 10:30 AM

3. Why is it that a foreign national is prohibited from making a personal

contribution to a campaign, yet foreign corporations can give as much as they like to a 'Super-PAC'?

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Response to highplainsdem (Original post)

Fri Oct 5, 2012, 10:30 AM

4. I just thought of Alito shaking his head and mounting "no" when President Obama mentioned foreign

donations in his State of the Union address when he criticized the Citizens United ruling. I wonder how much more foreign money is pouring into rmoney's super pacs?

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Response to highplainsdem (Original post)

Fri Oct 5, 2012, 10:53 AM

5. This happens all the time

 

with most republican pac money coming from communist China. China will own this country lock stock and barrel.

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Response to highplainsdem (Original post)

Fri Oct 5, 2012, 11:04 AM

6. "(International) corporations are (American) people, my friend" n/t

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Response to VWolf (Reply #6)

Fri Oct 5, 2012, 11:51 AM

7. I want to see their papers first!

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Response to highplainsdem (Original post)

Fri Oct 5, 2012, 12:24 PM

8. American democrary for sale to the highest bidder!

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Response to highplainsdem (Original post)

Fri Oct 5, 2012, 01:22 PM

9. THANK YOU SCOTUS!! Especially for those who voted yes for Citizens United!!!!!

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Response to highplainsdem (Original post)

Fri Oct 5, 2012, 03:51 PM

10. receiving foreign campaign money

hmm....

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