Psssssssssssst- Bob Diamond and Rmoney !!!

[malaise]

http://www.slate.com/blogs/trending/2012/07/03/barclays_executive_bob_diamond_also_resigning_from_mitt_romney_fundraiser.html
<snip>

Wealthy investment bankers are great fundraiser hosts during your campaign for president—unless they just resigned in scandal.

Chief executive of Barclays Bob Diamond, who stepped down this week after revelations that Barclays Capital was trying to hide losses at the bank from national regulators, has also bowed out of co-hosting a high-priced fundraiser in London for Mitt Romney.

The fundraiser, reportedly costing between $25,000 and $75,000 a ticket, would have also featured the GOP candidate, who is visiting Britain for the opening ceremonies at the London Olympics. A Romney spokesperson said that they respected Diamond’s decision “to focus all his attention on Barclays.”

Diamond, one of the highest-paid executives in Britain, resigned Tuesday under political pressure and pressure from shareholders. His multinational banking company is also paying a $453 million settlement after regulators discovered traders tried to secretly adjust a key inter-bank lending rate to hide funding difficulties and pad the pockets of certain traders.
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This is delish - show me your friends and I'll tell you who you are!!

[1StrongBlackMan]

1. Stupid question here; but ...

a $25-75K a ticket fundraiser IN LONDON? I wonder how many Americans were playing to be there?

Okay ... Stupid question time: I thought campaign finance laws barred foreigners from providing campaign contributions?

[aint_no_life_nowhere]

2. Is this fundraiser for a PAC

where unlimited contributions can be made and no disclosure regarding national origin can be compelled? If so, and I admit I'm ignorant and confused about campaign finance, how is it that Romney plans to visit the fundraiser and speak while he's in London? Isn't candidate coordination forbidden?

[malaise]

4. More details here - this is sweet as...!!!

http://billmoyers.com/2012/06/29/in-london-mitt-banks-on-the-wrong-horse/#.T-8SIS-dZTk.twitter
<snip>
So what do you get when you combine Mitt Romney, expensive horseflesh, fancy dinners and a financial scandal in the City of London? An interesting confluence of people and events that once again raises questions about the wealthy Republican candidate’s ability to relate to ordinary Americans and highlights the overwhelming, caustic influence of big money in this year’s presidential race.

Two weeks ago, Mitt Romney told Bob Schieffer on CBS’ “Face the Nation” that he wouldn’t be joining his wife Ann at the London Summer Olympics to watch her champion dressage horse, Rafalca, compete. “I have a campaign to attend to,” Romney said, “so I won’t be able to see it perform, but I’m very pleased for [Ann].”

So family loyalty is trumped by political expedience, but while in London, Romney will find time to attend — you guessed it — a private fundraising dinner. According to The Telegraph, “The price of invitations dwarfs the amounts paid for such fundraisers in British politics. Each guest must pay between $25,000 (£17,000) and $75,000 (£50,000) for a seat at the dinner, which will be hosted by Bob Diamond, the chief executive of Barclays.”

Bob Diamond? Why is that name familiar? Oh right, it was announced this week that Barclays would pay American and British authorities $453 million in fines as a settlement over allegations that the financial giant manipulated international interest rates, causing millions of borrowers to pay the wrong amount on their loans. The New York Times reports, “At the height of the financial crisis, regulators say, the big British bank reported bogus figures that in some cases had influenced a benchmark for student loans, credit cards and mortgages.”
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Read the entire article - Bill Moyers is the best

[malaise]

3. Lots of players are expected in London for the Olympics

Those tickets are not cheap. The athletes are the 99% but most of those in the best seats are the 1%

[flamingdem]

5. Grrrreat!

yum yum

[malaise]

6. There's a Democratic Party Ad right in here

After being forced to resign as CEO of Barclays bank today do you know what else he pulled out of...hosting Willard Rmoney's London fundraiser

[WillyT]

7. K & R !!!

[malaise]

8. Seriously Willard was holding a fundraiser hosted

a CEO who was asked to resign for major financial impropriety and who paid huge fines to American and British regulators - is this man really running for President of the United States?