Tuesday, February 24, 2009

http://www.thedeal.com/dealscape/2009/02/stanford_madoff_gave_lots_of_d.php

Padded pockets make blind eyes which promotes lack of accountability.
And the takers are not just as guilty....Why?

Parallels are quickly being drawn between Robert Allen Stanford, the billionaire accused by federal regulators of "massive fraud," and Bernard Madoff, who allegedly ran the biggest Ponzi scheme in history. The latest: They both gave lots of dosh to politicians.

According to OpenSecrets.org, Stanford Financial Group's political action committee and its employees have given $2.4 million to federal candidates (including both candidate committees and leadership PACs), parties and committees since 1989, with 65% of that going to Democrats. Stanford and his wife, Susan, have given $931,100 out of their own pockets, with 78% going to Democrats. The top recipients of cash in the current Congress include Sen. Bill Nelson, D-Fla., who received $45,900; Rep. Pete Sessions, R-Texas, who collected $41,375; and Sen. John McCain, R-Ariz., who raked in $28,150.