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  1. #1
    Senior Member JohnDoe2's Avatar
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    Financier who profited on Europe’s debt fueling Paul PAC

    Financier who profited on Europe’s debt fueling Paul PAC

    By Luke Rosiak

    The Washington Times
    Friday, January 27, 2012

    A super PAC supporting a presidential candidate has finally disclosed some of its big-money donors — but it’s not one of the groups backing the two top-tier candidates, both of which managed to avoid revealing their donors before the early primaries through a questionable loophole. In a federal disclosure Thursday, the Santa Rita Super PAC, which supports Texas Rep. Ron Paul, revealed the names of a few wealthy Texans who have given a total of a quarter-million dollars in the last several weeks.

    The family of Mark Hart III, a financier who earned millions of dollars betting on Europe’s debt, gave $100,000 in one day last month. He has also urged investors to buy gold to provide security in turbulent financial times, according to a profile in British publication The Week, as well as made money by anticipating the housing bubble.

    Spotting the risks of debt has made the Fort Worth man wealthy enough to become a major political backer, but the Citizens United Supreme Court decision that weakened contribution limits has permitted him to do so. But his business sense also puts him squarely in line with Mr. Paul’s philosophy, which has advocated for dramatically curtailing the federal government and avoiding debt at all cost. It also juxtaposes him with many of Mr. Romney’s donors in the financial industry, some of whom were part of banks that gave home loans to many who could not afford them, and worked for banks that were ultimately bailed out by the federal government.

    Dallas real estate developer Donald B. Huffines also gave $50,000.

    So far, the PAC has made only one expenditure: A $42,000 ad buy with a New York firm. That means it has about $200,000 in the bank.

    Paul groups differ from those supporting former Massachusetts Gov. Mitt Romney and former House Speaker Newt Gingrich, as well as Texas Gov. Rick Perry, who dropped out of the race this month, in that they are true grassroots efforts, lacking formal ties to the candidates. There are also two of them, the other called Endorse Liberty.

    Following the Romney super PAC’s lead, the major super PACs avoided filing paperwork that requires those which didn’t voluntarily disclose monthly already to file special reports before each primary by agreeing to switch to monthly filings in the days before the first primary — even though they had provided no glimpse into their finances since June, in the case of the Romney PAC. Others did not even exist in June. All must finally disclose their 2011 donors by Tuesday.

    Financier who profited on Europe's debt fueling Paul PAC - Washington Times
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    Gee that's a small amount compared to Sheldon Adelson (Venetion owner) and his wife each giving 5 Million, that is 10 million to Newt Gingrich. The new laws allow it now. So again Paul got a small amount didn't he.

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    Senior Member JohnDoe2's Avatar
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    . . . The pro-Mitt Romney super PAC -- has spent $16.9 million so far on TV ads and mailers.

    http://www.alipac.us/f12/santorum-ba...ckbook-249504/

    http://www.alipac.us/f12/gingrich-fu...e-says-249503/
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    Newt repeats 'second Holocaust' warning

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    By ALEXANDER BURNS |
    1/27/12 11:40 AM EST

    Newt Gingrich is standing by his warning that an Iranian nuclear weapon could cause a "second Holocaust."

    At a press conference here in Miami, a reporter noted to Gingrich that he was on the cover of casino mogul and Gingrich super PAC backer Sheldon Adelson's Israeli newspaper, Israel Hayom. The headline declared that President Barack Obama's policies could lead to another genocide against the Jews.

    Asked if he would disavow that kind of rhetoric, Gingrich shrugged: "It's probably my rhetoric."

    "I have said allowing Iran to get nuclear weapons ... runs the direct risk of a second Holocaust. That is a fact," Gingrich said.

    However Jewish voters in Florida respond to his rhetoric, Gingrich's most important audience for this kind of question is almost certainly Adelson, who has directed $10 million to the pro-Gingrich group Winning Our Future.

    Gingrich is scheduled to address a rally of the Republican Jewish Coalition — another organization Adelson supports — elsewhere in Florida this afternoon.

    Newt repeats 'second Holocaust' warning - POLITICO.com

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