May 24, 2006

You Don’t Say?

Filed under: Business Moves,Scams,Taxes & Government — Tom @ 1:22 pm

Really “tough” question: Which party did indicted law firm Milberg Weiss and its partners favor?

Milberg Weiss gave top Democrats funding
By Jeremy Pelofsky
Reuters
Monday, May 22, 2006; 7:00 PM

WASHINGTON (Reuters) – Milberg Weiss Bershad & Schulman LLP, the securities class action law firm indicted last week on fraud charges stemming from corporate lawsuits it filed, made large political contributions almost exclusively to Democrats since 1999, records show.

The firm and individuals there made $2.78 million in campaign donations to Democrats since 1999 compared to about $22,000 to Republicans, according to the Center for Responsive Politics, which tracks money in politics.

Among the recipients were New York Sen. Hillary Rodham Clinton, who is a possible 2008 presidential candidate, senior New York Senator Charles Schumer and Sen. John Kerry, the Democratic presidential candidate in 2004.

On top of the $2.78 million, lawyers in the firm made contributions to New York Attorney General Eliot Spitzer, who is the Democratic candidate for governor. Spitzer’s office said on Monday that he plans to return $124,455 in contributions.

Larry Sabato, director of the University of Virginia’s Center for Politics, said Republicans would likely use the donations as ammunition in the November congressional elections and to blunt criticism about recent corruption scandals involving Republicans.

They will target “every individual Democrat in a competitive race in 2006 to begin with,” Sabato said.

They also will mount “a P.R. offensive to make certain that this helps to balance the Democrats’ charges of a culture of corruption that affects only Republicans,” he said.

How DARE they?

Despite attempts at creating impressions to the contrary, Enron’s contributions were found to be not that far from 50-50 between the two major parties and their representatives. That won’t happen this time.

Between William “Frozen Assets” Jefferson (D-LA), Alan Mollohan (D-WV), and now Milberg Weiss (giving to Ds-All over the place), I think it’s safe to say that the “corruption” issue is not going to be the strongest liberal card to play this fall.

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