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Title: In ’05 Investing, Obama Took Same Path as Donors
Description: Can you fall as fast as you rise?


al001 - March 7, 2007 03:17 PM (GMT)
http://www.nytimes.com/2007/03/07/us/polit...anted=1&_r=1&hp

The New York Times


In ’05 Investing, Obama Took Same Path as Donors

By MIKE McINTIRE and CHRISTOPHER DREW
Published: March 7, 2007

Less than two months after ascending to the United States Senate, Barack Obama bought more than $50,000 worth of stock in two speculative companies whose major investors included some of his biggest political donors.

One of the companies was a biotech concern that was starting to develop a drug to treat avian flu. In March 2005, two weeks after buying about $5,000 of its shares, Mr. Obama took the lead in a legislative push for more federal spending to battle the disease.

The most recent financial disclosure form for Mr. Obama, an Illinois Democrat, also shows that he bought more than $50,000 in stock in a satellite communications business whose principal backers include four friends and donors who had raised more than $150,000 for his political committees.___________

For entire article go to link at top of page.

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earthmother - March 8, 2007 04:53 AM (GMT)
I read that these were "blind" investments by his financial people and that he didn't know these companies had contributed to his campaign. He apparently divested himself of his stock in these companies as soon as he knew.

Let's face it: They're going to be digging up all the dirt they can now on both Hillary and Obama.

Can you imagine what it must be like to run for president? :!:

al001 - March 8, 2007 02:04 PM (GMT)
It is good to think he had the honorable character to divest himself of any sign of impropriety in such a case. Because as you said. They will dig up every bit of dirt they can.

I think Bush and Rowe gave us a glimpse of what it will be like to run for President. They will put you through every single level of Dante's hell over and over on national television and the front page of every newspaper in the country.




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