Romney mystery milllion dollar donor comes forward

[Bill USA]

http://www.huffingtonpost.com/2011/08/06/romney-super-pac-mystery-donor-bain_n_920151.html

WASHINGTON -- Former Bain Capital managing director Ed Conard came forward Friday night and admitted that he is the creator of W Spann LLC, the company that contributed $1 million to the pro-Mitt Romney Super PAC Restore Our Future.

Conard issued a statement to Politico admitting that he was the source of the contribution and asking that Restore Our Future amend its report to list his name, as opposed to W Spann, on records filed with the Federal Election Commission (FEC):

I am the individual who formed and funded W Spann LLC. I authorized W Spann LLC's contribution to Restore Our Future PAC. I did so after consulting prominent legal counsel regarding the transaction, and based on my understanding that the contribution would comply with applicable laws. To address questions raised by the media concerning the contribution, I will request that Restore Our Future PAC amend its public reports to disclose me as the donor associated with this contribution.

The admission came immediately after two prominent reform groups filed a complaint with both the FEC and the U.S. Department of Justice calling for an investigation into the contribution. The Campaign Legal Center and Democracy 21 alleged that the person behind the W Spann contribution had broken the law by creating a corporation to make a contribution in the name of another person. Conduit contributions are illegal.
(more)

[Ready4Change]

1. 1 million $s from an individual.

Explain to me how we are NOT a plutocracy now?

[roxiejules]

5. 'Plutocracy in a way we haven't had since the gilded age'

2004 Bill Moyers interview with Kevin Phillips, chief political strategist for Richard Nixon's victory in 1968.



KEVIN PHILLIPS: Well, the plutocracy ... and I think we have one now and we didn't, 12 years ago when I wrote THE POLITICS OF RICH AND POOR is when money has ceased just entertaining itself with leveraged buyouts and all the stuff they did in the '80s, and really takes over politics, and takes it over on both sides when money not only talks, money screams. When you start developing philosophies in which giving a check is a First Amendment right. That's incredible. But what you've got is that this is what money has done. It's produced the fusion of money and government. And that is plutocracy.


BILL MOYERS: But hasn't money always held politics hostage?


KEVIN PHILLIPS: Well, it's usually been very influential. And sometimes it really hasn't been too influential,

But what we've seen in the '80s and '90s is that it's taken control of both parties, pretty much taken control of the culture, and controls the whole dynamics of politics. And that is ...a plutocracy in a way that we haven't had before, since the gilded age.

[Botany]

2. so it is all O.K. now?

Bain Capital which is Mitt's company hired a lawyer to to set up an LLC to funnel money to Mitt ....... and now an exec @ Bain Capital is going
to admit it was all his doings and that Mitt didn't have anything to do w/ it? :puke: :rofl:



IOIYAAR

It's O.K. if you are a republican

Edit Botany = :dunce: Where and when do you use its or it's?

[roxiejules]

3. Secret campaign money culture we now live in

http://www.msnbc.msn.com/id/44046063/ns/politics/


“This case of the secret $1 million donor shows the extraordinary lengths that people are prepared to go to in order to hide their campaign contributions from the American people,” said Fred Wertheimer, president of Democracy 21, a longtime advocate for campaign reform.

“More importantly this case illustrates the secret campaign money culture we now live in as the result of gaping loopholes in our federal campaign finance disclosure laws,” he added.

[BR_Parkway]

4. And what about the 2 companies in Utah that have surfaced? Who's that

[jwirr]

6. I would guess that these are all Mormons who do not want the issue

of his religion touched so they are giving via these false businesses. They know that much of the country is not thrilled with Mormonism so they are trying to make it look like "all" of Utah is not supporting him. Don't know if this is legal or not.

[surrealAmerican]

7. So, can we arrest him now?

He has admitted breaking the law. Just changing the name on the donor list does not alter that fact.