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Palin headlines fundraiser at home of Wall Street exec with history of "unethical" trading
While campaigning today, Sarah Palin was the featured guest at a $10,000 per person fundraiser in Naples, Florida.
The fundraiser was held at the home of John "Jack" Donahue - the Chairman and founder of Federated Investors.
In November 2005, Federated Investors paid $72 million in fines and penalties in a SEC investigation of "unethical trading practices." Federated was caught up in the huge Canary Capital mutual fund/ hedge fund scandal that Spitzer and the SEC investigated.
Gov. Palin is out there talking about combatting "greed and corruption" on Wall Street. Seems to me that her "paling around with" someone whose company has paid fines for being part of that culture of greed and corruption is the kind of guilt by association that the media should be talking about.
Comments (4)
I believe it's referred to as "IOKIARDI" (it's ok if a republican does it).
October 6, 2008 11:55 PM | Reply | Permalink
Secesh Sarah - does she even know what Wall St. is?
Check out her Alaskan Independent Party links
http://feeds.feedburner.com/~r/TheJedReport/~3/413594643/sarah-palin-palling-around-wit.html
October 7, 2008 9:18 AM | Reply | Permalink
Also check out this at Salon:
http://www.salon.com/opinion/feature/2008/10/07/palins_unamerican/
October 7, 2008 5:32 PM | Reply | Permalink
Ah, Federated Investors...a prominent feature on the Pittsburgh skyline.
Jack Donahue deserved every penny of that fine. And I hope he gets tied to Dipstick & Lipstick like the leaden anchor he was for the company he founded. Rec'd.
October 7, 2008 1:54 PM | Reply | Permalink
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