The money in the game – the reward?

Editor’s Note – Why bother with campaign finance laws, and court decisions, campaign rules, and promises concerning campaigns? Donations and bundling always end up doing exactly what we know they do – provide access, and cushy jobs – rewards. To deny this is happening is just rhetoric no one believes.

…at least 68 bundlers or their spouses have received administration appointments ranging from advisory economic boards to humanities posts… (List here.)

Of course, they all do it, and this article does mention that Romney refused to name his bundlers, but we all know his list will be vilified, while the media just ignores people like Jon Corzine of MF Global fame who is still bundling for Obama. Others include Jeff Katzenberg, who currently tops the list, and Andy Spahn, separately, but both of Hollywood’s DreamWorks, Justin Tanner in the Atlanta Mayor’s Office, Spencer Overton and Alfreda Robinson (separately) of George Washington University, and so on and so forth.

Everyone on these lists is part of the so-called 1% – #Occupy does not seem to notice.

If the name Koch appeared on Romney’s list, MSNBC, NBC, CNN, and all the liberal sites and groups would flood the discourse to a point where you would not be able to hear yourself think. But George Soros’s son has done much to support Obama…crickets, chirp, chirp, chirp…all those “Tides” connections…shhhh!

We know Obama “rewarded” his supporters – will Romney if he wins?

Major Obama ‘bundler’ gets Dutch ambassador’s post

By Luke Rosiak – The Washington Times

D.C. lawyer Timothy Broas, who has funneled more money to the political campaigns of President Obama than nearly anyone else, last week was recommended by Mr. Obama as the next U.S. ambassador to the Netherlands.

As a campaign “bundler,” Mr. Broas collected more than a half-million dollars for Mr. Obama’s 2012 campaign, raising money from family members, colleagues and other wealthy associates; four years ago, he assisted Mr. Obama’s successful bid for the presidency by raising between $200,000 and $500,000.

According to the Center for Responsive PoliticsMr. Broas becomes the latest of dozens of Obama “bundlers” who are already serving as ambassadors.

The fundraiser’s selection was first reported by the Center for Public Integrity.

This election cycle, 117 people have raised $500,000 or more each for the president’s reelection efforts – totaling at least $59 million. That’s at least 40 percent of the $145 million Mr. Obama has raised.

One hundred and forty-one people have collected between $200,000 and that amount, or $30 million to $70 million. One hundred and twenty people have bundled $100,000 to $200,000, an analysis by The Washington Times showed.

Among new bundlers disclosed this month were figures as eclectic as spiritual healer Deepak Chopra and Robert Pohlad, of the family that once owned the Minneapolis Twins.

Fifteen people. including actor Tyler Perry, raised more than half a million dollars in three months alone, between January and March of this year. Bundlers typically collect $35,000 checks – the maximum allowed to the national party, plus $5,000 to a campaign committee – often from both husband and wife.

The list of Mr. Obama’s 532 2012 bundlers so far is dominated by lawyers, financial professionals and Hollywood figures.

The Center for Public Integrity found that at least 250 bundlers, including Mr. Broas, have been invited to the White House, and at least 68 bundlers or their spouses have received administration appointments ranging from advisory economic boards to humanities posts.

Mr. Broas is a partner at the law firm Winston and Strawn, and also serves as a member of the board of trustees of the Woodrow Wilson International Center for Scholars, according to a White House statement.

In the past, not all of those who have been appointed to prestigious diplomatic posts after raising campaign funds have proven qualified for those jobs.

A State Department investigation tied 2008 bundler-turned-Bahamas Ambassador Nicole Avant to “dysfunctional leadership and mismanagement, which has caused problems throughout the embassy” since she was appointed by President Obama, Foreign Policy magazine reported.

Mrs. Avant has since rejoined the ranks of Obama bundlers, having raised the better part of a million dollars from her Beverly Hills home this election cycle, after resigning from her Caribbean assignment in November.

In a departure from his own precedent in 2008 as well as standard practice for recent presidential campaigns, Mitt Romney, Mr. Obama’s likely opponent in November, has refused to release the names of his bundlers.

Corzine and the ties that bind – Obama, Soros

Editorial Note – The connections and associations of a person more often than not shows the true character of the man. Whether it is Barack Obama’s connections with Bernadine Dorn, or Bill Ayers, to Van Jones, a certain amount of understanding can be gathered. Many chose to look the other way and ignore such associations, but here in the case of Jon Corzine and MF Global Holdings, we can certainly see the continuing thread. Corzine is tied in with none other than George Soros, the man many believe is the puppet master behind Mr. Obama and Bernie Madoff.

Bernie Madoff had clones and one is identified as Jon Corzine. George Soros, Dr. Death, is the devil of destruction when it comes to hedge funds, banks, and currency and he had stellar students of corruption, one being Corzine. Jon Corzine is the latest man to be named Dr. Death for using illegal tactics and other people’s investments to save his enterprise, causing customers to have their accounts frozen and likely to be victims of lost wealth. It cannot go without noticeable fact that Obama campaigned for Corzine and in kind, Corzine was a campaign bundler for Obama. The question now is, will the Obama re-election campaign return the Corzine bundled donations? Will the SEC Board appointed by Obama investigate and will people go to jail? Martha Stewart served jail time for lying, and Madoff is serving, but will Corzine or Jeffries?

Now, Corzine may end up before a Grand Jury over the debacle he oversaw at MF Global. Guilt by association?

Kincaid: George Soros Trader Involved in Bankrupt Firm Tied to Obama

By Cliff Kincaid

From GOP USA Opinion

A major figure in liberal Democrat Jon Corzine’s bankrupt firm, MF Global, used to work for hedge fund operator and Democratic Party financial patron George Soros. MF Global Holdings Ltd., now under FBI investigation, had hired Munir Javeri as Global Head of Trading.

“He is no longer with the company,” a spokesman for the firm informed Accuracy in Media. The spokesman added that he had no contact information for Munir Javeri and couldn’t say when he left the firm. He had been Vice-President of Soros Fund Management from 2003-2004 and was given an “inducement award” in the form of stock options after being hired by MF Global.

Corzine congratulates Obama

Hundreds of millions of dollars are reportedly now missing from the firm’s customer accounts. The firm is said to have experienced major losses because of questionable investments in European bonds.

MF Global was not a hedge fund, although it accepted money from hedge funds such as Cadian Capital Management LLC.

The bankruptcy of MF Global is being described as the eighth-largest corporate bankruptcy in U.S. history. Steve Schaefer of Forbes says it is “the largest bankruptcy (by assets) of a public company this year, and by a huge margin.”

Meantime, Corzine, MF Global chairman and CEO, has been aggressively raising funds for Obama’s 2012 re-election campaign. “Obama has had a lot to say about Occupy Wall Street but probably won’t say anything about Jon Corzine,” the Republican National Committee said in a statement.

News reports suggest that Corzine, a former head of Goldman Sachs, simply misjudged the European crisis and that his firm went bankrupt as a result. But Soros, by contrast, has been forecasting the disintegration of Europe for months and suggesting that the only solution is a European treasury that could provide a common source of funds to rescue bankrupt economies.

Liberal Democrats in the U.S. today formally proposed a financial transactions tax to provide more federal revenue. On Thursday, National Nurses United, joined by the AFL-CIO and assorted “community activists,” are holding a demonstration in Washington, D.C. to press for a global version of the financial transactions tax.

Corzine, in addition to being a senator from New Jersey, served as governor, only to be defeated for re-election in 2009 by Republican Chris Christie.

Although Corzine is getting plenty of publicity for the demise of his financial firm, the role of the former Soros money manager has gotten short shrift. The New York Times simply mentioned that Corzine had “replaced old-line traders and brokers with more aggressive hires from Goldman Sachs, UBS and Soros Fund Management.”

Billionaire George Soros

The Soros connection raises questions, in view of the hedge fund operator’s controversial sources of cash, avoidance of Securities and Exchange Commission regulations, and announced political designs upon the U.S. and the world. Soros is number seven on the Forbes list of wealthiest Americans and his fortune now totals $22 billion, up almost $8 billion from last year.

At the time of Javeri’s hiring by MF Global, news organizations trumpeted the development with such headlines as, “Jon Corzine Has Hired An Ex-Soros Trader To Make MF Global Surge.” The media coverage reflected the media awe for Soros and his hedge fund managers.

“In this newly created role,” MF Global said in a press release about the hiring of the former Soros money man, “Mr. Javeri will work with the firm’s various product lines to manage and enhance the firm’s trading capabilities across asset classes and geographic regions. Additionally, he will oversee the firm’s Principal Strategies Group, a newly initiated proprietary trading operation. The group engages in opportunistic trading across a variety of asset classes. Mr. Javeri has extensive trading and asset management experience. Most recently, he was a partner and portfolio manager at Gandhara Advisors, a multi-billion dollar equity hedge fund. Prior to that, he was a global macro investor at Soros Fund Management.”

Despite the hype, MF Global is now in ruins.

To make matters worse, MF Global had close financial ties to the Federal Reserve. The firm was designated a primary dealer by the Federal Reserve Bank of New York, which means that it participated directly in Treasury auctions and provided analysis and market intelligence to trading desks at the New York Federal Reserve.

At his news conference today, however, Fed Chairman Ben Bernanke insisted the Fed was not the supervisor of MF Global and had never given the firm a “seal of approval.”

But a “seal of approval” for Corzine had come from Obama.

The New York Times reports that President Obama’s first major re-election fund-raiser in New York was held at Corzine’s Manhattan home, with tickets going for $35,800 each.

Adding some detail, the news website reported that the private 60-person event reportedly raised $2 million for Obama and that Corzine and MF Global associates Bradley Abelow and Joseph Patt then gave separate contributions of $35,800 each to Obama Victory Fund 2012. Corzine “was one of the president’s most elite bundlers, supporters who tap friends and business associates to bring in checks,” The New York Times reported. The article said that he personally had helped Obama raise more than $500,000 this year.

It added that “When White House officials sought to broker a meeting between disgruntled Wall Street executives and Mr. Obama’s new chief of staff this year, they turned to Mr. Corzine, who organized a sit-down at the Four Seasons. Mr. Corzine was on the list. There had even been talk of his being named the next Treasury secretary.”

In addition to the $38,500 to the Obama Victory Fund 2012, Federal Election Commission (FEC) records show Corzine made personal contributions of $5,000 to Obama for America on May 19 and $25,000 to the Democratic Congressional Campaign Committee on September 28 of this year.

For his part, Soros gave $75,000 this year to the House Majority PAC, a so-called “Super PAC” designed to help win back the House majority for Democrats in 2012. Rep. Nancy Pelosi, the former House Speaker and now Democratic Minority Leader, supports the financial transactions tax, as does Soros.