Defunct Dodd Campaign Continues To Pull In Money
WASHINGTON — - The Dodd for President campaign has been defunct for almost seven months, but it's still hauling in money at a brisk pace — $77,851 in May, for instance. The campaign is still looking for cash because, in the modern political tradition, it spent more than it took in.
But for a veteran senator like Dodd, who holds a chairmanship and senior positions on major committees...
So, what makes a person give to a campaign that has long since given up?
The same reason, experts say, that people have long been generous with Dodd. Many of his post-campaign contributors are finance professionals, clustered in the southwestern corner of Connecticut. Dodd is the chairman of the Senate banking committee, and so oversees the lawmaking and agencies that affect U.S. financial businesses.
"In the case of somebody like Sen. Dodd, he's still a senator and a chairman," said Jan Baran, a Washington attorney who specializes in election law. "He might be able to collect some money from folks he'll have an ongoing relationship with."...
...In the financial realm, the executives of Shumway Capital Partners, a Greenwich-based hedge fund, have been among Dodd's chief recent contributors. From CEO Chris Shumway on down, 16 employees gave $32,900, plus another $2,300 from the Shumway household.
Reached at home in Cos Cob, Shumway President John Dyment said, "I'm not interested in commenting." He explained that it's company policy. "I'm not allowed to talk to the press."....
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