Tuesday, July 19, 2011

Romney leads GOP with the most ‘bundlers’


Do you know what a “bundler’ is?

Mitt Romney does…    per the Globe:

T. Martin Fiorentino Jr., who raised $102,900 for Romney, lobbied on the legislation on behalf of Lender Processing Services, a so-called “foreclosure mill’’ that was reprimanded in April by the government for “unsound practices related to residential mortgage loan serving and foreclosure processing.’’
In the world of political fund-raising, Fiorentino is known as a “bundler,’’ someone who solicits contributions for a candidate and brings them to a candidate’s campaign - in this case Romney’s - in one lump sum.
Romney has not released a complete list of his campaign’s bundlers.
But an ethics law passed in 2007 requires candidates to disclose any registered lobbyist who raises at least $16,000 for a candidate. Romney’s latest campaign finance report, filed on Friday, lists six lobbyist-bundlers who combined raised nearly $520,000 out of the $18.4 million Romney brought in over three months.

Of the lobbyists, Fiorentino raised the second largest amount, trailing only Patrick J. Durkin Sr., a managing director at Barclay’s Capital, who raised $167,800 for Romney.

Since Romney has the most bundlers of any of the Republicans candidates, it's not a surprise that his list will turn up some interesting connections.

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