Super-rich hedge funders race to help GOP take Senate

[NeoConsSuck]

Source: USA Today

WASHINGTON — A small band of ultra-wealthy hedge fund managers is pumping last-minute donations into newly organized super PACs to help tip the U.S. Senate to Republicans, new campaign filings show.

Bob Mercer, co-CEO of Renaissance Technologies, donated $2.5 million to a new super PAC, Freedom Partners Action Fund, aligned with the conservative billionaires Charles Koch and David Koch. The group has spent $12.3 million in recent weeks to help Republicans in eight hotly contested Senate races. Mercer sent $500,000 late last month to another new PAC, dubbed B-PAC, aiding GOP Senate candidates in Iowa and Michigan.

A newly minted super PAC aiding Republican Joni Ernst has raised nearly half its $1 million haul from two hedge fund billionaires — Elliot Management's Paul Singer and Julian Robertson of Tiger Management. The super PAC, Priorities for Iowa Political Fund, was launched in September and began its spending on her behalf this month. Republicans need to pick up six seats to take control of the Senate.

"There has been a significant increase in the number of Wall Streeters who would like to see a change of control in the Senate, and my sense is that they are supporting it with their dollars, and they will support it with their votes and the votes of those they can influence," said Lewis Eisenberg, a private-equity executive and a veteran Republican fundraiser.

Read more: http://www.usatoday.com/story/news/politics/2014/10/17/hedge-fund-billionaires-writing-big-checks-to-help-republicans-win-senate/17430139/

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The best democracy money can buy.

[KamaAina]

1. Repeal Citizens United now!

[yeoman6987]

2. I doubt that will happen

Remember Democratic Party raised 50 million more then Republicans this election so far. And it is not all from personal donations. Believe me the PACs are giving to the Democratic Party to. Oh notice not too much discussion from Democratic politicians about this. I think both parties are enjoying the support.

[Nye Bevan]

14. That would not affect the donations described in the OP's.

Citizens United only pertained to expenditures by entities such as unions and corporations, not by individuals.

[littlemissmartypants]

3. Gawd knows that I would love to meet them at the door.

With a mandatory dose of root medicine.

Do Not get me started.

Torture would have to be redefined.


~ littlemissmartypants 🙅

[SoapBox]

4. They make me sick.

They all SO what to be Dictators in Charge.

[TerrapinFlyer]

5. Expose their names and their businesses!

Boycotts work!

[salib]

6. What are you going to boycott here?

Hedge funds? Who has money for that except Republicans?

[Divernan]

8. Bill Clinton's son-in-law has his very own hedge fund company, worth $400 million+.

Marc Mezvensky started his very own hedge fund, Eaglevale Partners (with 2 buddies from his days at Goldman Sachs) in late 2011 and just 3 short years later is managing more than $400 million.
http://www.institutionalinvestor.com/Article/3221387/Hedge-Fund-Rising-Stars-Marc-Mezvinsky.html#.VEGZLGd5uSo

[BlueEye]

11. Hah, yeah plenty of hedge funds are run by Dems.

Both parties are bought and paid for, with the exception of a few good Dems.

[cosmicone]

7. If Obama had put these greedy clowns in jail in the first term

Last edited Sat Oct 18, 2014, 06:04 PM - Edit history (1)

this wouldn't have happened.

Giving Wall Street a free pass was a mistake.

[TomCADem]

13. See? Liberals and Republicans Do Agree! Its All The Democrats Fault

Who can really blame Republicans after all, since they are just staying true to their nature? Plus, if President Obama was a real leader, then Republicans would crumble before his leadership. Just wait until we get Bernie Sanders in the White House. John Boehner will know that he means business and immediately capitulate, and Fox News will stop distorting the truth.

[aquart]

16. Yes. Especially since they were expecting to be punished.

They've been on a drunken Get Out of Jail Free spree ever since.

[valerief]

9. All those angry people in the world and they have no clue who their real enemies are. nt

[Iliyah]

10. The way corporate media is spouting, GOPers are gonna take the

senate, but million of dollars are still pouring into the goper's races tho as if, ummmmmmmmmmm, Dems may have a "shot" of keeping the majority huh.

[justgamma]

12. Was wondering who Bpac was.

They have lying ads in Iowa.

[aquart]

15. Oddly enough, they wouldn't like the the results one tiny bit.

Republican gov'ts tank the market. They'd have to hedge their hedges and their hedges' hedges.

[Martin Eden]

17. Leeches

Greedy leeches gaming the system to skim huge profits off the top, contributing nothing to society and buying politicians to rig the game even more in their favor.