by Structured Settlement Watchdog
Website Whitehouseforsale.org states "Now is the time to ask the candidates what they are going to do about the "For Sale" sign on the White House lawn. Whitehouseforsale.org has been asking the candidates to tell them who their big
"bundlers" are and how they will fix the presidential public financing system.
Whitehouse forsale.org, a project of Public Citizen goes on to opine that "The torrent of money in this presidential election cannot be ignored and the presidential candidates should not be able to side-step this critical issue. They need to be asked at every campaign stop to disclose their fat cat "bundlers" and to tell us how they will change the pay-to-play system"
What is Bundling in Political Fundraising?
"Bundling" describes the activity of fundraisers who pool a large number of campaign contributions from political action committees (PACs) and individuals. "Bundlers", who are often corporate CEOs, lobbyists, hedge fund managers or independently wealthy people, are able to funnel far more money to campaigns than they could personally give under campaign finance laws.
FEC | Lobbyist bundling disclosure
According to Whitehouseforsale.org at the time of original posting, while there are disclosure requirements for bundling, they only go into effect when a bundler personally hands over checks. Most campaigns get around the disclosure provision by not having the bundler ever touch the checks. Mandatory disclosure of all bundled contributions – regardless of whether the bundler touches them – is the very least we can do to address this new way to evade disclosure laws. Disclosure of bundling activity could be achieved either through a new law from Congress or by an improvement in FEC regulations.
John Bair, President of Forge Consulting was listed on Whitehouseforsale.org, at time of original posting, as one of the "fat cats",
Click here for more on "bundling" and Federal Election campaign finance from Whitehouseforsale.org
Click here for Structured Settlements 4Real extensive coverage of "fat cat" Bair, his company and the relationship with Presidential candidate John Edwards that led to what at first, second AND third blush appears to be a "bundling for endorsement" scheme. John Edwards still won't admit that he never used Forge Consulting for structured settlements but still gave them a professional endorsement
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