Bain and Financial Industry Gave Over $565,000 To Newark Mayor Cory Booker For 2002 Campaign

[kpete]

Bain and Financial Industry Gave Over $565,000 To Newark Mayor Cory Booker For 2002 Campaign
By Josh Israel posted from ThinkProgress Election on May 21, 2012 at 7:15 pm

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A ThinkProgress examination of New Jersey campaign finance records for Booker’s first run for Mayor — back in 2002 — suggests a possible reason for his unease with attacks on Bain Capital and venture capital. They were among his earliest and most generous backers.

Contributions to his 2002 campaign from venture capitalists, investors, and big Wall Street bankers brought him more than $115,000 for his 2002 campaign. Among those contributing to his campaign were John Connaughton ($2,000), Steve Pagliuca ($2,200), Jonathan Lavine ($1,000) — all of Bain Capital. While the forms are not totally clear, it appears the campaign raised less than $800,000 total, making this a significant percentage.

He and his slate also jointly raised funds for the “Booker Team for Newark” joint committee. They received more than $450,000 for the 2002 campaign from the sector — including a pair of $15,400 contributions from Bain Capital Managing Directors Joshua Bekenstein and Mark Nunnelly. It appears that for the initial campaign and runoff, the slate raised less than $4 million — again making this a sizable chunk.

In all — just in his first Mayoral run — Booker’s committees received more than $565,000 from the people he was defending. At least $36,000 of that came from folks at Romney’s old firm.

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the rest:
http://thinkprogress.org/election/2012/05/21/488002/bain-financial-industy-gave-over-565000-to-newark-mayor-cory-booker-for-2002-campaign/

[Major Hogwash]

1. It's what we learned during Watergate -- follow the money.

Bought and paid for.

What a shill.

[Lugnut]

5. That's always the case, isn't it?

Money talks.

[NRaleighLiberal]

2. Bingo. Checkmate. etc. It's always about the $$$. n/t

[Bjorn Against]

3. People need to demand he return the money

I don't care if it was a somewhat long time ago, it is clearly still influencing him and people need to demand he return it. It is a riduclously huge amount of money for a mayoral race, generally local mayoral races are not nearly as expensive as state and national offices.

[boxman15]

4. Cash rules everything. nt

[Lint Head]

6. He needs to be called on this BIG TIME!

[autorank]

7. ...and I thought I was cynical for asking "Where's the payoff" when I saw this

K*R