Wednesday, July 18, 2007

Political giving by private equity chiefs soars

(Reuters) - The so-called new kings of Wall Street are giving more money to Democrats than Republicans, but both parties are raking it in, according to campaign finance records collected by the Center for Responsive Politics.




Twenty senior managers have given about $360,000 to party campaign committees and individual candidates in the first half of 2007. At that rate, giving this year will easily top 2006's full-year level of $470,000; 2005's $260,000; and 2004's $560,00 donated during a presidential election year.


Read more at Reuters.com Mergers News

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