Bundles Of Cash
John Fund asks why the major Democratic candidates will not reveal the names of the donors who contributed to the bundles of cash Norman Hsu funneled to them. So far all the various candidates have done is promise to donate direct contributions from Hsu to charity – but have elected to keep all the other money he funneled to them.
Barack Obama and Hillary Clinton are fund-raising powerhouses. On Saturday alone, Mr. Obama scooped up $3 million at a gala hosted by Oprah Winfrey. The candidates are happy to tout their cash hauls. Just don't ask them to identify the contributors whose money disgraced donor Norman Hsu delivered to their campaigns.
Both campaigns are donating to charity the limited direct contributions Mr. Hsu made to them. But Mr. Hsu's influence went far deeper. In 2005, he helped host a California fund-raiser for Mr. Obama, where he introduced the senator to Mark Gorenberg, a venture capitalist who is now one of Mr. Obama's biggest fund-raisers.
Mr. Hsu later became one of Mrs. Clinton's top bundlers–powerbrokers who collect many small donations for delivery to candidates. He brought in hundreds of thousands of dollars to her and other Democratic causes. The Wall Street Journal reports that many of the contributions came from "people who had no prior history of political giving or obvious means for paying."
Take the Paw family of Daly City, Calif., which is headed by a mail carrier who makes $49,000 a year. Members of the family have given almost $300,000 to politicians, including Mrs. Clinton and Mr. Obama, since 2004, often on or about the same days that Mr. Hsu gave money. The U.S. Justice Department is investigating whether any Hsu donors were illegally reimbursed for their contributions.
The article in the New York Times yesterday indicates that there were a lot of very shady things going on that need to be investigated. And, of course, this isn't the first time dirty money and the name Clinton have been associated:
All of this recalls the 1996 Bill Clinton fund-raising scandal, which ultimately led to 22 guilty pleas on various violations of election laws. Among the Clinton fundraisers and friends who pleaded guilty were John Huang, Charlie Trie, James Riady and Michael Brown, son of the late Clinton commerce secretary Ron Brown. But a lot was never learned, even after the revelations that Mr. Clinton had personally authorized offering donors use of the Lincoln Bedroom and Oval Office meetings. A total of 120 participants in the fund-raising scandal either fled the country, asserted their Fifth Amendment privilege against self-incrimination, or otherwise avoided questioning.
A 1998 Senate Government Affairs Committee report on the scandal found "strong circumstantial evidence" that a great deal of foreign money had illegally entered the country in an attempt to influence the 1996 election. Johnny Chung, a bagman for the Asian billionaire Riady family, confessed that at least $35,000 of his donations to the Clinton campaign and the DNC had come from a Chinese aerospace executive–a lieutenant colonel in the Chinese military who he said helped Mr. Chung meet three times with General Ji Shengde, the head of Chinese military intelligence. Mr. Chung testified that Gen. Shengde had told him, "We like your president very much. We would like to see him re-elected. I will give you $300,000 U.S.. You can give it to the president and the Democratic Party."
If there is money being directed to campaigns by foreign entities, something has to be done to stop it. Period. This country cannot tolerate foreign intervention in our political processes. Period. I do not care which party is involved, either. Make the campaign "bundlers" reveal all of the names, make the candidates release all of the names.
