Rubio Took Hedge Fund Cash From PR Bondholders Before Endorsing Their Position

Marco Rubio may be young, but he already has more than his share of skeletons in his political closet. Recently, Rubio’s campaign has been dogged by his credit card problems and friendship with the sketchy figure David Rivera. Now, Rubio may face questions about his donors’ ties to Puerto Rico’s debt.


Take a look at the latest from Fusion:


When presidential hopeful Marco Rubio announced last month that he opposed letting Puerto Rican government entities declare bankruptcy, he said he that didn’t believe in a “silver bullet solution,” and Puerto Ricans should tighten their belts.


The junior senator for Florida didn’t mention that his campaign had received thousands of dollars from hedge fund executives who would lose big if the commonwealth is allowed to declare bankruptcy.


According to public campaign-finance documents, at least six executives of hedge funds that hold Puerto Rican debt have donated to Rubio’s presidential campaign. Rubio appears to […]

Read more after the jump.

Trump Skewers Kasich on Lehman in Dumpster Fire Debate

John Kasich tried swinging at Donald Trump tonight at the dumpster fire debate, but the only memorable takeaway was Trump masterfully trashing Kasich for his Lehman job during its collapse.

Since Trump doesn’t have a full-blown rapid response shop, we’re happy to oblige and send background on Kasich trying to cash in on his Ohio connections by pitching Lehman funds to Ohio pensions, which ended up costing Ohio $500 million when Lehman went under:

Kasich Tried To Sell Lehman Brothers’ Funds To Ohio Pensions 
Kasich Pitched State Pensions On Investing With Lehman Brothers 

Columbus Dispatch: While Lehman Brother’s Columbus Office Managing Director, “Kasich Tried To Persuade Two State Pension Funds In 2002 To Invest With Lehman Brothers.”According to the Columbus Dispatch, “Republican gubernatorial candidate John Kasich tried to persuade two state pension funds in 2002 to invest with Lehman Brothers while he was the managing director of the investment banking house’s Columbus office. In a […]

Read more after the jump.

Entire GOP Field Would Repeal Dodd-Frank, Return Power To Wall Street

In the era of Donald Trump, Wall Street big whigs seem to be hiding in the shadows so far this election cycle. Don’t confuse silence with compliance when it comes to the Republican presidential candidates. Jeb Bush and John Kasich might have the most obvious ties to big banks, but the rest of the field is also calling for an end to Dodd-Frank, falling right in line with their policies. Wall Street only seems quiet because it’s already got tonight’s main-stage debaters wrapped in its purse strings.

Take a look at the candidates’ ties to Wall Street:

Donald Trump

Donald Trump Said Dodd Frank Is “Terrible” And That He Would “Absolutely” Repeal It. According to The Hill, “[Trump] also slammed the 2010 Dodd-Frank Wall Street reform law as a ‘disaster’ that has stifled economic growth. ‘It’s terrible,’ he said in an interview with The Hill, saying that he would ‘absolutely’ repeal it. ‘Under Dodd-Frank, the regulators are […]

Read more after the jump.

Rubio May Have Violated Ethics Rules & Broke Federal Law

Marco Rubio yesterday in an interview with Fox News from a senate office building urged viewers to “chip in” to his presidential campaign. As noted by The Huffington Post and various news outlets, Rubio may have violated ethics rules that prohibits such action, but he also potentially broke federal law, which states it is, “unlawful for any person to solicit or receive a donation of money or other thing of value in connection with a Federal, State, or local election from a person who is located in a room or building occupied in the discharge of official duties by an officer or employee of the United States.”

Read more after the jump.

Karl Rove “Spending Big Bucks” To Save Kelly Ayotte

Another one of Kelly Ayotte’s special interest backers is spending millions this week to try to save her campaign.

NH1 reports, “One Nation… will launch a 17-day $1.4 million broadcast, cable, digital and radio ad campaign in the Granite State.”

Who is One Nation?

One Nation is part of Karl Rove’s “constellation of Crossroads organizations” and is specifically focused on saving vulnerable Republican senators in 2016. Already this year, this dark money group spent $2 million propping up Republican senators, including Kelly Ayotte, that back their anti-middle class agenda. Now, Rove is pouring another $1.4 million into New Hampshire to attempt to mask Ayotte’s record of voting to defund Planned Parenthood.

Like American Crossroads and Crossroads GPS, One Nation is headed up by Steven Law, who also chairs the Senate Leadership Fund, another arm of the Rove “empire.”

While it’s been reported that One Nation is a “new” (c)4 addition to the Crossroads network, […]

Read more after the jump.

Marco Rubio’s Wall Street Recess

Marco Rubio is in New York this week making the rounds on Wall Street, but cozying up to hedge fund managers and big financiers isn’t new for him. Back during his 2010 campaign, Marco Rubio hauled in $117,000 from a single fundraiser hosted by hedge fund manager Paul Singer the same day Congress passed Dodd–Frank Wall Street Reform, according to the Tampa Bay Times.

In the intervening years, Marco Rubio’s proven his loyalty to Singer and Wall Street by voting four times to repeal Dodd-Frank.

There’s a reason hedge fund managers and financial industry executives were one of Rubio’s highest bank-rollers in 2010, and continue to fill that role today: Rubio will keep doing whatever it takes to line the pockets of his Wall Street backers at the expense of American working families.



Rubio & Wall Street


✓  Rubio said “I’m not anti-Wall Street,” and argued that millionaires should be treated “fairly.”

Read more after the jump.

Jeb Bush’s Energy Proposal Would “Significantly” Benefit Top Donors To His Super PAC

A new International Business Times analysis shows Jeb Bush’s energy proposal would “significantly” benefit top donors to his super PAC.

Jeb “Own Man” Bush, indeed.

Jeb isn’t his “own man” on energy policy, he isn’t his “own man” on foreign policy, and he isn’t his “own man” on tax policy — with a plan that would disproportionately benefit the top 1% of income earners, and increase his own after-tax income by $800,000.

International Business Times: Jeb Bush Energy Plan Most Benefits His Top Donors

Read more after the jump.

For Top GOP Candidates, Legal Questions Remain As Their PACs Raise Millions

Jeb Bush still hasn’t launched his presidential campaign, instead opting to headline massive fundraising events through his “leadership PAC.” It’s going so well that he recently had to tell his wealthy donors to limit their contributions to a measly $1 million, presumably because the optics were less-than-ideal for a guy who is already viewed as wildly out of touch with the

Today, the New York Times ran a piece on “blurred lines,” only these legal issues had nothing to do with Robin Thicke. Rather, it has to do with the questionable operational relationship between still-undeclared presidential candidate Jeb Bush and his Right To Rise PAC.

Read more after the jump.

American Bridge President Brad Woodhouse On The Kochs’ 2016 plans

“The Kochs are planning to spend an outrageous amount of money on the 2016 election, more than the RNC did in 2012, and nearly $1 billion in total, because they’ll stop at nothing to purchase a government that grows their profits, weakens pollution standards, and maintains tax breaks for big oil- all at the expense of investing in middle class families and an economy that works for everyone.”

ICYMI: Milwaukee Journal-Sentinel- Investigation into Scott Walker “must continue”

Last week, former Virginia Governor Republican Bob McDonnell became the first Virginia governor to be convicted of a felony, with a federal grand jury finding him guilty of 11 counts of corruption. Across the country, another GOP Governor, Scott Walker, faces questions stemming from an investigation into his own potentially felonious behavior, as highlighted by recent editorials in his hometown newspapers. Indeed, the most recent documents released in the John Doe investigation into Walker illustrate his alleged centrality to a criminal scheme to illegally coordinate campaign spending with an outside group, Wisconsin Club for Growth.

The New York Times editorial board last week pointed to a $700,000 contribution from a large mining company to Wisconsin Club for Growth, timed closely with Walker signing pro-mining legislation into law, as evidence that the Governor and his aides “brazenly violated state campaign finance regulations”:

Newly released documents show that the mine operator, Gogebic Taconite, secretly gave $700,000 to a political group that was helping the governor win a 2012 recall election. Mr. Walker had urged big corporations to give unlimited amounts, without fear of public disclosure, and many companies that wanted favors from the state happily obliged. Once the recall failed, the favors began to flow, even at the expense of the state’s natural resources.

But perhaps even more damning for Walker are a pair of editorials from two of the local Wisconsin publications that have been tracking the investigation most doggedly, the Milwaukee Journal-Sentinel and the La Crosse Tribune. Both editorial boards not only offer strong rebukes for the Governor’s scheme to raise money in support of his campaign during the 2012 recall election, but emphasize the importance of the John Doe investigation itself.

Read more after the jump.