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This page contains a single entry from the blog posted on January 9, 2009 8:34 AM. The previous post in this blog was Now I've reached that age. The next post in this blog is Have a great weekend. Many more can be found on the main index page or by looking through the archives.

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Friday, January 9, 2009

Wyden: 20 grand from Bernie Madoff

It's the whole New York thing, no doubt.

Comments (16)

And $21,200 from Pacific Crest Securities. What's your point? Are you trying to suggest that Wyden knew he was getting dirty money from Made-off, or that he should have suspected it even though others did not?

He's just saying Wyden is for sale as much as any other Senator from New York (er, Oregon) probably is.

That's $20k per election cycle. And it goes back a ways. The O only had him down for $32k total. What's the real number? And over how many years? Madoff never gave to Smith. Why?

And what did the money get Madoff? Was Mrs. Wyden invested with Madoff? And if so, for how much? It wasn't exactly a secret among the connected, and Mrs. Wyden is certainly that, that what Madoff was doing wasn't on the up and up.

I presume The O still has at least one political reporter who could find this information out. Although Nigel is probably better equipped to handle this one.

I ask again: Since you are against public funding of elections, what's the point of complaining about politicians who accept donations from people who turn out to be slimeballs?

Should candidates be paying to run deep background checks on all donors?

What's with the Banfield Pet Hospital second highest contribution of $35,000? Is it a pound for gathering money for Wyden and hiding the contributors? Looks fishy. Now I know why my cat's shot cost $79.90 with the serum costing them only $1.80.

That's $20k per election cycle...

I'm not so sure about that, Chris. If you use the pulldown menu to access the top contributors to Wyden over his "career," Madoff doesn't make the list, which includes the top 20 and ends with Wilshire Financial Services Group at $35,90.

Maybe Willy Week could check into the Banfield Pet Hospital? I mean do a story!

Madoff also contributed $2,300 to Merkley last April, while he was only a candidate for office, and $250 to Darlene Hooley in 2004. He's made large ($25,000) annual contributions to the Democratic Senatorial Campaign Committee for the last few years but has also given money to individual Republican candidates. Over the years, he has also given money to Obama, Chris Dodd, Richard Gephardt and others. I haven't a clue why he has given so much money to Wyden. None of Wyden's committee assignments appear to make him valuable to someone like Madoff. Maybe there is a family connection or friendship.

"Since you are against public funding of elections, what's the point of complaining about politicians who accept donations from people who turn out to be slimeballs?"

You set up a false dilemma. I'd like to believe it is possible to get legitimate donations without govt aid.

I kind of like Obama's notion of getting 100,000 $5 contributions as opposed to Hilary's (and probably most senators now) 5 $100,000 contributions.

I wonder whether Bernie swiped any of Mrs. Wyden's money (or her father's).

@ Steve: No, it's not a false dilemma at all. I bet you dollars against VooDoo Donuts that every politician in America would be ecstatic if they were able to raise the kind of coin Obama did in small sums. Obama is, so far, one of a kind for raising big bucks from small donors, AND it's not as if he didn't have lots of heavy hitters dropping in heavy sums.

Absent low dollar limitations of the kind the Supreme Court has rejected then, if we don't do public financing, we're telling candidates that they have to raise the money to run any way they can. No money = no campaign.

Personally, I think we should give every American of voting age (1) universal voting registration; and (2) $200 per year tax credit/rebate for qualified political contributions tax credit (even for EZ filers and non-wage earners); and (3) define "qualified political contributions" as those going to candidates who agree to accept no more than $200 from any individual. So if candidates want to raise money in small bills from lots of people, the money's there; if they want to take big coin from big hitters under a "money is speech" argument, fine, but then those heavy hitters fund the campaign entirely (because your smaller donors won't be getting their contributions back on their taxes).

It's a public funding plan without a public funding bureaucracy.

who knew? He was the pillar of the community back then.

"It's a public funding plan without a public funding bureaucracy."

OK, but you didn't answer your original question, which I will do - Yes it is possible to get legitimate contributions for political campaigns without allowing slimeballs to control it. Politicians just have to want it.

Every time we fix a problem with a new law we find new ways to break the law.

@ Steve: But the system we should have is not the system we have --- we have the system that makes politicians beg for money from day 1 on the job if they want to stay in the job ...

And I wouldn't be so quick to slam "the politicians" for not fixing this problem --- it's primarily the rich who hate public financing (who don't want the goods taken off the market) and people of lesser means who get distracted with faux-populist anti-public-financing arguments about "welfare for politicians" and other nonsense like that, like the kind of digs against the idea that are tossed around on this site a lot.

Coke and Exxon would never let Pepsi and Shell select the candidates who could run for their boards (or vice versa).

But that's precisely what Americans do with elections: by failing to provide public funding for campaigns, we make candidates undergo a "wealth primary" where the people with lots of money -- the .01% who donate more than $200 in any election cycle -- pretty much determine who will even try to make the race, thus determining who will appear on the slots on the ballot. In other words, we demand that politicians establish a symbiotic relationship with precisely the power centers that we most need government's power to check. It's crazy, but that's what we do.

"makes politicians beg for money from day 1 on the job"

Puh-leeeze, when I see people spending upwards of $500K to win an Oregon legislature seat (a $20K/yr gig) I am really hard-pressed to believe they have to beg that hard. Plus I don't see how throwing $200K at city council races has given us any better grade politician. Most of city council is beholden to the same developer/planner types as they always have been.

You should invent another theory to impress yourself with.

BTW - I am not rich and I hate public financing of elections. If they had the guts to put it up for a vote, I think the general public would agree with me.

@ Steve: It appears that what you hate is fair public financing that's above board and out in the open. Because, without it, you still have public financing -- you get the selective public financing first and the payback comes after the election.

In Portland, "Most of city council" was not elected with public financing, so it should not be a surprise that most of them find a lot of merit in the views of the people whose money enabled them to get elected.

Also, the amount of money needed to win a race for any power job, like the legislative ones, has little or nothing to do with the salary. The amount of money needed is determined by the size of the electorate and the nature of the race, in this case zero-sum, winner-take-all, the most expensive form of contest. Also, the stakes are not the salary of the offices, it's control of the machinery of state policy making. That's worth a lot to the people who have the scratch to invest.

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In Vino Veritas

Falset, Garnacha Rose, Montsant 2006
Castello di Bossi, Chianti Classico 2004
Domaine Chandon, Pinot Noir, La Riviere Sonoma 2006
Brazin, Old Vine Zinfandel, Lodi 2006
B.R. Cohn, Silver Label Cabernet 2006
Casillero del Diablo, Cabernet 2007
Gentil Hugel, Alsace 2006
Mesoneros de Castilla, Ribero del Duero, Rosado 2008
Cor, Momentum 2007
Santa Margherita, Pinot Grigio 2006
Rubico, Lacrima di Morro d'Alba 2007
Gilstrap Brothers, Reserve Merlot 2003
Conundrum 2007
Chandler Reach, 36 Red
Santa Rita, Reserve Cabernet 2005
Marietta, Old Vine Red Lot 47
L'Ecole No. 41, Recess Red 2006
Dom Martinho, Red 2004
Beaulieu, Georges Latour 1994
Caymus, Cabernet 1995
Columbia Winery, Merlot 2005
Bergevin Lane, Columbia Valley Cabernet 2005
Savigny-les-Beaune, Les Lavieres 2003
David Hill, Reserve Merlot, Rogue Valley 2006
Educated Guess, Cabernet 2006
Maquis Lien, Red 2005
Charles Smith, Kung Fu Girl Riesling 2007
David Hill, Farmhouse White
Robert Mondavi Solaire, Cabernet 2005
Castello Monaci, Liante, Salice Salentino 2006
Ricardo Santos, Malbec 2006
Quinta da Espiga, Tinto 2006
Charles Smith, Holy Cow Merlot 2006
Charles Smith, Boom Boom Syrah 2006
Charles Smith, The Honorable Pinot Gris 2007
Santa Rita, Cabernet Reserva 2005
King Estate, Pinot Gris 2007
Gloria, Douro, Tinto 2002
Bogle, Petite Sirah Port, Clarksburg 2005
Cardwell Hill, Pinot Noir 2004
Silkwood, Red Duet Cabernet-Syrah 2004
Portuga, Vinho Branco 2006, 2007
Osborne, Solaz 2004
Santa Rita, Cabernet, Reserva 2005
Penfold's, Koonunga Hill, Shiraz Cabernet 2006
Chateau Ste. Michelle, Cabernet, Indian Wells 2004
Chateau Ste. Michelle, Merlot, Horse Heaven Hills 2004
Hannah Nicole, Red 2004
Penfold's, Koonunga Hill Shiraz Cabernet 2005
Protocolo, Red 2005
Woodbridge, Chardonnay 2006
Portuga, Vinho Branco 2006
Beaulieu, Cabernet, Rutherford 1998
Beaulieu, Cabernet, Rutherford 1996
Kirkland, Roogle Shiraz 2004
Garda, Classico Chiaretto
A to Z, Oregon Pinot Gris 2005
I Giusti & Zanza, Nemorino 2006
Treana, Marsanne-Viognier, Central Coast 2005
Fife, Syrah, "Stanford" 2000
B.R. Cohn, Silver Label Cabernet 2005
Marques de Casa Concha, Cabernet 2005
Santi, Sortesele Pinot Grigio 2006
Al Muvedre, Tinto Joven 2006
Layer Cake, Shiraz 2006
Gritti, Ca' Andrea, Umbria red 2005
Altos de Luzon, Jumilla 2004
Thomas Leithner, Zweigelt 2004
Cain Cuvee NV 3
Chateau Ste. Michelle, Merlot 2003
Meridian, Sauvignon Blanc 2005
Canoe Ridge, Merlot 2003
Paringa, Shiraz 2005
King Estate, Pinot Gris 2005
Canoe Ridge, Merlot 2003
Maculan, Pino & Toi 2005
Kris, Pinot Grigio 2006
Silvan Ridge, Pinot Gris 2006
Fife, Mendocino Syrah, "Stanford" 2000
Castle Rock, Cabernet, Paso Robles 2005
Willakenzie, Pinot Gris 2006
The Show, Cabernet 2005
Essencia Valdemar, Rioja Rose 2006
Chateau Ste. Michelle, Merlot, Horse Heaven Hills 2004
Beaulieu Vineyard. Napa Valley Cabernet 2004
Irony, Cabernet, Napa Valley 2003
Rosenblum, Petite Sirah, Heritage Clones 2005
Fra Guerau, Montsant 2002
Barefoot Chardonnay
Kana, Syrah 2004
Castell Salegg, Chardonnay, Alto Adige 2004
Fetish, The Watcher Shiraz 2004
Gold Note, Fair Play Zinfandel 2005
Chateau Ste. Michelle, Canoe Ridge Estate Cabernet 2003
Ponzi, Pinot Noir 2004
Red Diamond, Merlot 2003
Mateus, Rose
Benton Lane Pinot Noir 2004
Penya Cadiella Vins de Comtat 2003

The Occasional Book

Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt

Road Work

Miles run year to date: 26
At this date last year: 13
Total run in 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269
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