Showing posts with label campaign contributions. Show all posts
Showing posts with label campaign contributions. Show all posts

Wednesday, October 29, 2008

Obama Accepting Untraceable Donations

By Matthew MoskSen.
Barack Obama's presidential campaign is allowing donors to use largely untraceable prepaid credit cards that could potentially be used to evade limits on how much an individual is legally allowed to give or to mask a contributor's identity, campaign officials confirmed.

Faced with a huge influx of donations over the Internet, the campaign has also chosen not to use basic security measures to prevent potentially illegal or anonymous contributions from flowing into its accounts, aides acknowledged. Instead, the campaign is scrutinizing its books for improper donations after the money has been deposited.

The Obama organization said its extensive review has ensured that the campaign has refunded any improper contributions, and noted that Federal Election Commission rules do not require front-end screening of donations.In recent weeks, questionable contributions have created headaches for Obama's accounting team as it has tried to explain why campaign finance filings have included itemized donations from individuals using fake names, such as Es Esh or Doodad Pro.

Those revelations prompted conservative bloggers to further test Obama's finance vetting by giving money using the kind of prepaid cards that can be bought at a drugstore and cannot be traced to a donor.The problem with such cards, campaign finance lawyers said, is that they make it impossible to tell whether foreign nationals, donors who have exceeded the limits, government contractors or others who are barred from giving to a federal campaign are making contributions.

"They have opened the floodgates to all this money coming in," said Sean Cairncross, chief counsel to the Republican National Committee. "I think they've made the determination that whatever money they have to refund on the back end doesn't outweigh the benefit of taking all this money upfront.

"The Obama campaign has shattered presidential fundraising records, in part by capitalizing on the ease of online giving. Of the $150 million the senator from Illinois raised in September, nearly $100 million came in over the Internet.Lawyers for the Obama operation said yesterday that their "extensive back-end review" has carefully scrubbed contributions to prevent illegal money from entering the operation's war chest.

Cont.here:

http://twp.com/detail.jsp?key=304893&rc=po&p=1&all=1

View All Recent Meet the Real Sarah Palin Blog Posts:

Monday, September 29, 2008

Busted!... Video of Fannie Mae CEO in 2005 Explaining the "FAMILY" Connection with Dems & Obama

Maybe now Barack Obama will show his patriotism by returning the $126,349. he received from Fannie Mae. Yeah, right...........


Wednesday, September 17, 2008
Busted!... Video of Fannie Mae CEO in 2005 Explaining the "FAMILY" Connection with Dems & Obama

In 2005-- Senator John McCain partnered with three other Senate Republicans to reform the government’s involvement in lending, after an attempt by the Bush administration died in Congress two years earlier.
Democrats blocked the reform.

In 2005-- Barack Obama and the Congressional Black Caucus met with Fannie Mae for a "family" event. In 2005 Democrats also blocked reform of Fannie Mae:




This was before Fannie Mae started filling the pockets of Barack Obama with political donations.
The junior Illinois senator collected more money from Fannie Mae than any other Washington politician except Senator Dodd in the last decade.
Obama was able to accomplish this feat in just 3 years.

This video shows Fannie Mae CEO talking to "family" members of the Congressional Black Caucus in 2005.

The Democrats have been taking PAYOFFS from Fannie and Freddie and have looked the other way FOR DECADES!
They've blocked reform several times.

Now this NEW VIDEO of the CEO of Fannie Mae in 2005 shows him explaining the "FAMILY" connection with Democrats and specifically Barack Obama and the Congressional Black Caucus. It looks like Michelle Obama was at the event, too.
This was before Barack Obama started collecting tens of thousands from the failed lender.

http://gatewaypundit.blogspot.com/2008/09/busted-ceo-of-fannie-mae-in-2005.html