National: Campaign Contribution Limits Broken Repeatedly In 2012 Election With No FEC Oversight | Huffington Post
In October 2011, John Canning, chairman of the Chicago-based hedge fund Madison Dearborn Partners, expressed his displeasure with President Barack Obama to the Chicago Tribune. “It’s the populist economic policies of wealth redistribution and government control of all aspects of everyday life that I object to,” he said. Canning put his money where his mouth was, hosting a fundraiser for Republican presidential candidate Mitt Romney that fall. And Romney wasn’t the only benefactor of his largess. Over the course of the 2012 election cycle, Canning gave to as many federal candidates, political action committees (PACs) and party committees as he seemingly could find — some 38 individuals and groups, all but two of them Republican — ultimately distributing $276,000 in contributions.