Palin fundraiser fined $72 million by SEC for "unethical trading" less than 3 years ago

Sarah Palin and John McCain are out talking about how "greed and corruption" on Wall Street led us into the financial chaos that is hurting us all right now. They say they'll use their "maverick-y" ways to clamp down on these abuses.

That's why the details of the fundraiser in Naples, Florida yesterday that Sarah Palin headlined at a $10,000 per person (closed to the press) is of great interest.

The fundraiser was held at the home of  John "Jack" Donahue, the Chairman and founder of Federated Investors, a massive financial services company. In November 2005, Federated Investors paid $72 million in fines and penalties as the result of a SEC investigation into "unethical trading practices." They paid millions more in refunds to investors and as a settlement with then NY AG Spitzer.

There's more...

Domenici is retiring

(originally wrote this before Jonathan posted on the front page..)

Chris Cillizza at the Washington Post is reporting that Pete Domenici (R-NM) will announce tomorrow that he not running for reelection.

http://blog.washingtonpost.com/thefix/20 07/10/sen_pete_domenici_expected_to.html ?nav=rss_blog

Things just keep getting worse for the RSCC, don't they?

Bill Richardson would be our strongest candidate, but I doubt he'd jump in early -- but if he doesn't do well in the early contests, maybe it wouldn't be too late for him to enter.

In the meantime, there is bound to be a lot of jockeying with candidates... another great Democratic pick-up opportunity (and maybe Wilson and/or Pearce will jump in and open up one or two house seats as well!)

There's more...

Diaries

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