Oh on Senator Obama!
Not you too!!
We were all hoping that you would be totally beyond even the slightest chance of getting involved in any unethical goings on.
It is not only that you must be beyond reproach but also that you are perceived by all to be so.
The investment in two speculative and relatively obscure companies, (including a Bird Flu drug developer) whose major investors included some of your biggest political donors, is at the very best, very very silly.
If you are going to be the next President then you really can not be silly.
And this on top of the last year scandal when you acknowledged that it had been a mistake to be involved with the dodgy developer with regards to the purchase of your home!!!
Here is an article with more:
Reporting for the NY Times MIKE McINTIRE and CHRISTOPHER DREW tell us that 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.
The spokesman, Bill Burton, said Mr. Obama’s broker bought the stocks without consulting the senator, under the terms of a blind trust that was being set up for the senator at that time but was not finalized until several months after the investments were made.
Mr. Obama has made ethics a signature issue, and his quest for the presidency has benefited from the perception that he is unlike politicians who blend public and private interests.There is no evidence that any of his actions ended up benefiting either company during the roughly eight months that he owned the stocks.
Even so, the stock purchases raise questions about how he could unwittingly come to invest in two relatively obscure companies, whose backers happen to include generous contributors to his political committees. Among those donors was Jared Abbruzzese, a New York businessman now at the center of an F.B.I. inquiry into public corruption in Albany, who had also contributed to Swift Boat Veterans for Truth, a group that sought to undermine John Kerry’s Democratic presidential campaign in 2004.
Mr. Obama, who declined to be interviewed about the stock deals, has already had to contend with a controversy that arose out of his reliance on a major campaign contributor in Chicago to help him in a personal financial transaction. In that earlier case, he acknowledged last year that it had been a mistake to involve the contributor, a developer who has since been indicted in an unrelated political scandal, in deals related to the Obamas’ purchase of a home.
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