Democratic Senatorial Campaign Committee

About | RSS

TPMMuckraker
Democratic Senatorial Campaign Committee

Master Of Disaster: The Go-To Washington Lobbyist For Financial Predators

Zachary Roth | March 11, 2010, 3:45PM

Wright Andrews

The same Washington lobbyist who led the sub-prime mortgage industry's successful bid to shoot down government efforts to curtail risky lending is now helping pay-day lenders to water down the financial-regulatory reform bill currently before Congress.

Wright Andrews has developed a niche representing some of the least sympathetic and most predatory players in the financial industry. A veteran lawyer-lobbyist and one-time aide to Democratic senator Sam Nunn, Andrews has lobbied extensively of late for a trade association for pay-day lenders -- which offer short-term, high-interest loans to the working poor, often triggering a cycle of debt for their customers. During the last decade, Andrews ran three different trade groups for the sub-prime mortgage industry, whose home loans defaulted in massive numbers to set off the financial crisis.

PERMALINK | COMMENTS | RECOMMEND RECOMMEND (4)
Topics: Ameriquest, Barney Frank, Bob Corker, Campaign Contributions, Campaign Finance, Chris Dodd, Chuck Schumer, Democratic Senatorial Campaign Committee, Financial Crisis, Gregory Meeks, Lisa Andrews, Lobbyists, Pay-Day Lenders, Senate Banking Committee, W. Allan Jones, Wright Andrews

Allen Stanford

Campaign Committees Not Rushing To Return Tainted Stanford Money

Zachary Roth | February 11, 2010, 11:59AM

Allen Stanford

Neither the Democratic nor the Republican campaign committees that raked in big bucks from accused Ponzi schemer Allen Stanford, according to the court-appointed receiver in the case, say they plan to return the cash.

The receiver, Dallas lawyer Ralph Janvey told the AP that the Democratic Senatorial Campaign Committee (DSCC) had received $950,000 from Stanford, and that the National Republican Campaign Committee had gotten $238,500.

PERMALINK | COMMENTS | RECOMMEND RECOMMEND (3)
Topics: Allen Stanford, Campaign Contributions, Democratic Senatorial Campaign Committee, NRCC, Ponzi Schemes, Ralph Janvey

Hassan Nemazee

As Democrats Reclaimed Power, Nemazee Was Key Fundraiser

Zachary Roth | September 22, 2009, 12:47PM

Hassan Nemazee

Hassan Nemazee may not be a household name. But as Democrats returned to power over the last few election cycles, the New York financier -- who yesterday was charged with running a $292 million Ponzi scheme -- has been among the most important players in drumming up the campaign funds that have enabled that success.

Let's start with the 2004 cycle. Nemazee had been a top fundraiser for the Clintons in the 1990s, but he appears to have courted John Kerry since at least 2002. By January 2004, he was described in news reports (via Nexis) as "one of Kerry's chief fundraisers." Subsequent reports from that year describe him as Kerry's "New York City finance chair."

PERMALINK | COMMENTS | RECOMMEND RECOMMEND (6)
Topics: Barack Obama, Chuck Schumer, Democratic Senatorial Campaign Committee, Hassan Nemazee, Hillary Clinton

Hassan Nemazee

Alleged Fraudster Nemazee Poured Dollars Into Dems' Coffers For Years

Justin Elliott | September 21, 2009, 6:36PM

Hassan Nemazee

Just how big a Democratic donor was Hassan Nemazee?

He and his wife (mostly he) gave the Democratic House and Senate campaign committees $191,700 over the past three election cycles, 2006, 2008, and 2010.