Who owns Hillary Clinton?

April 26 (LPAC)--An audit of Sen. Hillary Clinton's First Quarter report for the 2008 Presidential nomination filed with Federal Election Commission on April 15 confirms what LPAC previously reported. The financial industry is Sen. Hillary Clinton's largest financial support base, except for the legal industry, in her campaign's fundraising. Senator Clinton, candidate for the Democratic Presidential nomination, raised $26 million in campaign contributions during the First Quarter 2007, with a minimum contribution of $1.2 million from the hedge fund dominated-financial industry. This figure is based on the contributions of employees of a mere 150 financial firms, who gave as individuals, but whose contributions were raised by Clinton's supporters in these firms. They do not reflect, for example, the fundraising of a major Clinton backer like Lisa Perry, whose husband runs Perry Brothers Hedge Fund, but who is not herself identified with that fund.

Contributors of $2.1 million did not document their employers.

There is no absolute divide between hedge funds, investment firms, leveraged buy-out firms, and banks. Hedge funds drive the markets; they are believed to make most of the trades on the world's major exchanges every day. Hedge funds are fighting against registration, regulation, and taxes, while they swallow up and spit out America's former industries, like auto and steel. Democratic statesman Lyndon LaRouche has raised the question, in his discussion paper on the LaRouche PAC website, in "

Hedge fund contributors to Hillary Clinton include: Avenue Capital Group, whose employees contributed $30,000. Chelsea Clinton, the Senator's daughter, has been hired by Avenue Capital, run by Marc Lasry. Others include Farallon Capital Management, which has bundled $46,000 in individual contributions; Blackstone Capital (see Obama item for Blackstone's recent locust activities in New York's Lower East Side); Fortress, Perry Partners; Quadrangle, Centerbridge Partners, and many more.

Wall Street's banks and investment advisors, and private equity firms have also made major contributions through bundling money from their employees: Bear Stearns, $53,000; Citigroup, $64,000; Credit Suisse, $24,200; Deutsche Bank, $20,500; Goldman Sachs, $64,400. Goldman Sachs is number one in aggressive buy-outs of state infrastructure for Public Private Partnerships (P3s), which are diametrically opposite to Franklin Roosevelt's Federal credit creation for infrastructure building. Still others include: J.P. Morgan, $41,000; Lazard, $35,900; Lehman Brothers, $41,650; Rothschild, $17,700; Saban Capital Group, $25,300; Smith Barney, $13,000.

Senator Clinton additionally transferred some $10 million during the first quarter 2007 from a previous Senatorial campaign account, into her Presidential nomination campaign fund.

See also:

How independent is Barak Obama really?

April 26 (LPAC)--LPAC also conducted an audit of the First Quarter report filed with the Federal Election Commission on April 15 by Sen. Barak Obama. As in the case of Sen. Hillary Clinton the financial industry, including hedge funds, comprises Sen. Barak Obama's second largest base of support, just behind the legal industry. Obama raised $25 million in the first quarter of 2007; contributors of one-third of that amount, did not list their employer. Of the $16 million which is documented, investment banks, private equity firms, and hedge funds contributed a minimum of $1.12 million from at least 140 financial institutions. This figure represents contributions from individual employees in financial firms organized by fundraisers in those firms, who also raise money outside those firms, contributing to a far larger influx.

In "Ask the Man Who Owns One," discussion paper on the 2008 Presidential candidates, LaRouche raises the critical question, "Who owns the candidate to be chosen?"

There is no hard-and-fast division between investment firms, leveraged buy-out firms, and hedge funds. Hedge funds are believed to represent more than half of the trading volumes on all major stock exchanges worldwide -- believed to, because hedge funds have successfully fought back all efforts of the U.S. Congress to require even their registration, let alone regulation, or taxation of offshore profits. Further, nearly every major money management firm has hundreds of millions of assets run by hedge fund managers. And, it is the hedge funds which have been the biggest buyers of initial public offerings (IPOs).

Hedge fund contributors to Obama include: The Blackstone Group, which manages $78 billion in assets, and contributed $42,000. Blackstone recently purchased the Peter Cooper apartments on New York City's Lower East Side -- the last, high-quality, rent-controlled housing complex in Manhattan -- and plans an IPO to put the apartments up for sale, with market-rate rents. Others hedge fund contributors include Bain Capital, $6,900; Centerbridge Partners, formed by ex-Blackstone employees, $7,100 (Centerbridge has been involved in the "financial locust" bidding to take over Chrysler Corp.); and Fortress Investment Group, $6,900. Fortress, where candidate John Edwards worked as a "senior advisor" from October 2005 until December 2006, has recently purchased a low-income housing project in Dresden, Germany, to put up for sale with market-level rents; Grosvenor Capital Management, a $13 billion hedge fund, $9,200; Ivory Investment Management, $4,600; Soros Fund Management, $6,200; Tiger Management, $9,200; The Carlyle Group, which manages $56 billion, and will launch its own hedge fund in May; York Capital Management, a $33 billion hedge fund, $18,400.

In addition, Wall Street investment firms and buy-out specialists made these contributions: Bear Stearns, $10,500; Credit Suisse Bank, $44,200; Goldman Sachs, $120,000; Chicago-based investment firm Henry Crown & Co., $24,600; Lazard (managed by forced bankruptcy buy-out specialist Felix Rohatyn for decades), $12,700; Lehman Brothers, $33,800; Merrill Lynch, $30,000; Morgan Stanley, 30,600; UBS, the Zurich-based bank, $141,000; William Blair & Co., investment firm, $10,000; among many others.