Monday, October 6, 2008
Obama Contributor & Lehman CEO Richard Fuld Comes Under Fire By Congress!
Former Lehman Brothers CEO and long-time Barack Obama contributor Richard Fuld is testifying today concerning his role in the failure of the Investment banking giant. Fuld joins the ranks of the dozens of former wall street executives who have or are likely to be paraded in front of Congress over the coming months. Fuld also contributed to Senator Dodd's campaign and The Democratic National Senatorial Committee's fund.
Among Obama's campaign contributors are dozens of other Lehman Brothers Executives, such as President Joseph Gregory ($4,600). On June 19th, Lehman shareholders filed suit against Fuld and Gregory for the company's exposure in the subprime market. In addition to dozens of Lehman executives are Obama's bundlers from Lehman Brothers who have raised top dollar for the campaign. Direct contributions from Lehman Brothers have exceeded $395,000 for Senator Obama, while bundled contributions raised by Lehman Executives have been just short of phenomenal.
John Rhea - (over $500,000) Co-Head of Lehman Bros. Global Investment Banking
Mark Gilbert - (over $500,000) Lehman Brothers Senior Executive
Christine Forester - (over $500,000) Lehman Brothers Senior Executive
Theodore Janulis – Bundler (over $100,000) & Lehman Brothers Head of Global Mort.
Nadja Fidelia – Bundler (over $50,000) & Managing Director of Lehman Brothers
Fuld now holds the distinguished position of joining other highly influential Obama contributors within the financial sector including Franklin Raines and Jim Johnson.
Stanley Price - Former CEO of Merrill Lynch (testified in front of Congress in 2007 after receiving $161 million in compensation after being ousted for ML's subprime exposure)
Brad Morrice - CEO of imploded subprime lender New Century
Steve Boland - Managing Director of CountryWide
Andrew Beer - President of Wachovia's Subprime Lender Evergreen Investments
Robert Wolf, the CEO of UBS Americas, helped the Obama campaign raise more than $500,000. Louis Susman, the Chairman of a Citibank Subsidiary.
John W. Roberts - (over $500,000) Ariel Capital Management
Richard Leweke – Vice Chairman of Washington Mutual Card Services
Seth Waugh – CEO of Deutsche Bank
Charles Lewis – Vice Chairman of Merrill Lynch
Click Here To Read More About Obama's Subrpime Buddies
J Brown
October 6th, 2008
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