All that finger pointing at Obama for contributions he received and now we learn the RNC took 250,000 dollars from Freddie Mac, AIG and JP Morgan for staging the convention this year.
The money went to the local host committee for the convention in St. Paul, Minnesota, which raised $50 million. The committees can accept unlimited amounts from corporations, unions and individuals. While the donors' names were posted on the committee's Web site, the amounts they gave were not released until the FEC reports. The host committee for the Democratic National Convention in Denver has yet to file.
Goldman Sachs Group Inc. and Morgan Stanley, New York investment banks that changed to bank holding companies and therefore put themselves under increased federal regulation, also contributed money for the Republican convention. Goldman Sachs gave $255,000, and Morgan Stanley donated $100,000. New York-based JPMorgan Chase & Co., which bought Bear Stearns Cos., contributed $100,000.
I guess now we know how Sarah Palin got that $2500 jacket.
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