Los Angeles Times – Financial giants and other large firms now being bailed out by the government spent millions underwriting the Democratic and Republican conventions last summer, just weeks before coming to Washington seeking multibillion-dollar handouts.

The big donors included AIG, Ford Motor Co., Citigroup, Goldman Sachs and Freddie Mac.

In all, major corporations, labor unions and individual millionaires poured $118 million into the nominating conventions for Barack Obama and John McCain, according to reports from the Campaign Finance Institute and the Center for Responsive Politics. The nonpartisan private groups compiled the numbers from filings required under federal law.

Read Complete Article

Tags: adjunct, altius, auburn-hills-michigan, capital-gains, cash-management, chrysler, curbs, dealer-operations, federal-election-commission, gas-producers, governments, hefty-fees, loan-sales, longtime-friend, presidential-contender, raanan-agus, sen-john-mccain