Lehman Bros. Execs Worked for Clintons, Funded Al Gore in 2000, John Kerry in 2004 and Obama

Looks like Lehman Bros., Freddie Mac, and Fannie Mae all had large enough pockets to carry three Democrat presidential nominees.

Investigation in Process:

-An analysis of campaign finance records shows that about two-thirds of his bundlers are concentrated in four major industries: law, securities and investments, real estate and entertainment. Lawyers make up the largest group, numbering roughly 130, with many of them working for firms that also have lobbying arms. At least 100 Obama bundlers are top executives or brokers from investment businesses: nearly two dozen work for financial titans like Lehman Brothers, Goldman Sachs or Citigroup. About 40 others come from the real estate industry. ("Big Donors, Too, Have Seats At Obama Fund-Raising Table" The New York Times August 6, 2008)

-Mr. Roosevelt, a managing director at Lehman Brothers attended the [campaign] event with his wife, Constance Lane Rogers, a registered Democrat and Kerry supporter. "I wanted to see what [Senator Kerry] had to say, and I thought he did a very good job," he said.
Mr. Roosevelt was not the only Republican at the Kerry gala. Stephen Robert, the chairman of Robert Capital Management and a lifelong Republican, was granted a seat of honor at Mr. Kerry's table alongside Democratic stalwarts like Ambassador Carl Spielvogel and former Clinton adviser Peter Stamos, in recognition of the more than $100,000 he raised for the event. Ari Kopelman, the chief executive of Chanel and another Republican stalwart, held court at his table just a few feet away. Bruce Rabb, a former Nixon aide whose father, Maxwell Rabb, served in the Eisenhower administration, took several tables. So did former Republican strategist Tanya Melich and investor Clifton Roberts. When Senator Kerry's finance chairman, Hassan Nemazee, delivered the evening's opening address, he recognized all these G.O.P. converts and many more, saying, "We are united tonight: Democrats, independents and, yes, Republicans." (New York Observer April 26, 2004)

-"To be sure, inside-the-Beltway betting is that if Gore wins, he might appoint James Johnson, former chief executive of Fannie Mae, to the Treasury post. Or he might reappoint Rubin's former deputy, Lawrence Summers, who just got the job this month. But even if they don't want to be Treasury secretary, cultivating access to power in Washington can be useful for top investment bankers.
"So much of the financial world intersects and interacts with the government sector -- whether in legislation, taxes, or contacts -- having access to decision makers is an asset, and it's one you have to cultivate," says Samuel Hayes, professor emeritus at the Harvard Business School.
"It's no secret why so many of the financial mavens of the political campaigns come from Wall Street. That's where the money is," Hayes adds.
Some securities firms, such as Goldman, historically have had a relatively liberal political bent.
Indeed, it is the Democratic challenger Bradley who now could well have the most high-profile Wall Street support. He has been actively tapping ties to that area he forged as a former U.S. senator from New Jersey who played basketball with the New York Knicks and at Princeton University.
Among Wall Street luminaries who have hosted or plan to host Bradley fund-raisers are Douglas A. Warner, chairman of J.P. Morgan & Co.; Richard Fuld, chairman and chief executive of Lehman Brothers Holdings Inc.; and John "Launny" Steffens, a Princeton, N.J., resident who leads the brokerage operations at Merrill. Another key Bradley fund-raiser has been investment banker Louis B. Susman of Citigroup Inc.'s Salomon Smith Barney unit." (Arkansas Democrat-Gazette May 25, 1999, Tuesday)

-In turning to Johnson, Kerry picked someone who grew up in politics. His father, Alfred Johnson, a grocer, became DFL speaker of the Minnesota House. Jim Johnson has been chief executive officer of Fannie Mae and managing director of corporate finance at Lehman Brothers. He is vice president of a merchant banking and private equity firm in the nation's capital, and is frequently mentioned as a leading candidate for Treasury secretary in a Kerry administration. ("Minnesotan led process that picked Edwards" Star Tribune July 8, 2004)

-Ethan Harris, chief economist for Lehman Bros. was former Fed official of the Clinton camp.

-Steven Rattner, Roger Altman, and Martin R. Wade, left Lehman Bros. to work on raising funds for Clinton Treasury and Al Gore's political campaign.