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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11 replies	Author	Time	Post
Canadian-Owned Firm Gives $1 Million to Romney Super-PAC, Raising Red Flags (Original post)	highplainsdem	Oct 2012	OP
Sure	ejbr	Oct 2012	#1
Of course, if a Democrat received such a donation,	SpankMe	Oct 2012	#2
+1,000	highplainsdem	Oct 2012	#11
Why is it that a foreign national is prohibited from making a personal	sinkingfeeling	Oct 2012	#3
I just thought of Alito shaking his head and mounting "no" when President Obama mentioned foreign	kimbutgar	Oct 2012	#4
This happens all the time	magic59	Oct 2012	#5
"(International) corporations are (American) people, my friend" n/t	VWolf	Oct 2012	#6
I want to see their papers first!	sinkingfeeling	Oct 2012	#7
American democrary for sale to the highest bidder!	City Lights	Oct 2012	#8
THANK YOU SCOTUS!! Especially for those who voted yes for Citizens United!!!!!	benld74	Oct 2012	#9
receiving foreign campaign money	SemperEadem	Oct 2012	#10

Response to highplainsdem (Original post)

Fri Oct 5, 2012, 10:16 AM

ejbr (3,953 posts)

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

SpankMe (481 posts)

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

highplainsdem (11,110 posts)

11. +1,000

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Response to highplainsdem (Original post)

Fri Oct 5, 2012, 10:30 AM

sinkingfeeling (27,820 posts)

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

kimbutgar (817 posts)

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

magic59 (429 posts)