The third-largest campaign donor for Sen. Mitch McConnell, R-Ky., is a $14 billion New York City hedge-fund firm led by a man — nicknamed "the Vulture" — who squeezes distressed companies and countries for their last dollars, and who boasted that the current U.S. economic crisis is "the opportunity of a lifetime."
Paul E. Singer and his employees at Elliott Management gave $87,500 to McConnell's campaign as of June 30, according to the nonpartisan Center for Responsive Politics. They gave at least $66,000 more to McConnell's political action committee, called Bluegrass PAC.
Only Louisville-based Kindred Healthcare, which runs nursing homes and hospitals, and UBS, a global provider of financial services for wealthy clients, gave more to keep McConnell in the Senate.
McConnell, the Senate Republican leader, supported much of the agenda for which records show that Elliott lobbied Congress, including limits on the damages injured people can recover when they sue corporations; new bankruptcy rules making it harder for people to escape debt; and a bar against higher taxes for wealthy hedge fund managers.
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Read the full story on Kentucky.com's Pol Watch blog