Newly analyzed reports reveal AIG, Ford, Freddie Mac, Citigroup were among biggest underwriters of summer gatherings that nominated Obama, McCain
WASHINGTON–Weeks before they turned to the federal government for rescue, companies such as AIG, Ford, Citigroup and Freddie Mac were among the biggest sponsors of the summertime political conventions that nominated Barack Obama and John McCain for president, according to a new analysis by the nonpartisan Center for Responsive Politics, in collaboration with the Campaign Finance Institute. CFI’s full study can be found at The Campaign Finance Institute
Taking advantage of an unusual opportunity to support political parties and candidates without being limited by campaign finance rules, these companies, along with some of the most politically influential sectors and industries in America–including pharmaceutical manufacturers, Wall Street and high-tech–paid out millions of dollars to underwrite the Democratic and Republican gatherings in Denver and Minneapolis-St. Paul.
Struggling Companies and Industries Still Found Funds to Sponsor Political Conventions | Mint Dollar
Politics & Economic Policy | Mint Dollar