Lehman Wasn't Too Poor to Buy Obama, McCain
Lehman's impending collapse — unless the taxpayers bail it out — is especially bad news for pols.
The Center for Responsive Politics points out this afternoon that the Wall Street scuffed-shoe firm has hardly ever met a politician it didn't try to buy. That's no surprise, of course, but the numbers are interesting. In its latest news alert, "Brothers Grim: Is Lehman Next?" the CRP (also known as opensecrets.org) reports:
The D.C. pols may try to keep Lehman afloat at least until it spends all its lobbying and campaign money for this election cycle.
Bad news for the Democrats. It was uncomfortable enough that one of Obama's top dogs was a Fannie Mae guy, James Johnson, and that Obama has reaped much more loot from Fannie and Freddie than McCain has gotten.
Now it seems that Lehman has handed over many more cash-stuffed envelopes to Obama than to McCain. Takes a little edge off Obama's claim to be an agent for change.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you'll never miss Village Voice's biggest stories.