Marco Rubio Wall Street pals
The Florida Democratic Party dinged Republican Senate candidate Marco Rubio yesterday for raising money from Wall Street while opposing increased financial regulation out of Congress.
Politico reported that Paul Singer, who founded hedge fund Elliott Management, hosted a New York City fundraiser for several Senate hopefuls, including Rubio.
"Marco Rubio is now the Republican establishment's candidate, but now it is clear he's Wall Street's candidate too," said Eric Jotkoff, Florida Democratic Party spokesman.
Elliott Management is the second largest contributor to Rubio's campaign, according to the Center for Responsive Politics, which found $86,242 in donations tied to the hedge fund as of the end of March. Another top Rubio contributor is Alliance Capital Managent, which was sued by the state of Florida for losing hundreds of millions in pension funds by investing in Enron. The state lost the case.
In a broader look at donations to Rubio by industry, the securities and investment industry came in third, behind retirees and Republican/conservative groups, with $236,675. Rubio's campaign did not respond to a request for comment.