Forum Post: MF Global one of the top contributors to Obama's re-election

http://www.washingtonpost.com/politics/mf-global-ties-awkward-for-obama-campaign/2011/11/02/gIQA9w5ogM_print.html

The bankrupt financial company MF Global, now under federal investigation for possibly misusing clients’ money, is one of the top sources of contributions for President Obama’s reelection, complicating the campaign’s effort to turn public anger at Wall Street into a political advantage.

Employees of the company have given $108,650 to Obama’s campaign and the Democratic National Committee, according to federal records. MF Global’s chairman and chief executive, former New Jersey governor Jon Corzine, has raised at least $500,000 for the campaign and the DNC as a “bundler,” or volunteer fundraiser.

Mitt Romney is the only other major presidential candidate who reports receiving money from an MF Global employee, listing a $2,500 check from a company trader based in Stamford, Conn.

MF Global declared bankruptcy Monday, becoming the first U.S. victim of the European debt crisis. The FBI plans to conduct a preliminary probe into reports that hundreds of millions of dollars are missing from client accounts, federal law enforcement officials said.