Business Channel 2007-05-04&06

In this presidential election, the big names are taking no prisoners in their quest for cash. And now Wall Street's big rollers are doling¹ out the big bucks² voting with money. Erin Burnett is Following the Money tonight.

The numbers for the first quarter's fundraising effort show a close race between Hillary Clinton and Barack Obama, Obama reporting 18.2 million in cold hard cash, Clinton, 24 million.

Money puts you in the top tier, it doesn't necessarily get you luck to keep you there.

So just where is all the money coming from? Certainly go to Wall Street first because that's where they are after communities of Democratic donors³, and they are used to giving. They have fundraising networks. We are heading into record numbers of, of campaign fundraising like we've never seen before. So it's going to be more than Wall Street. And particularly because Obama is from Chicago, you're gonna look for LaSalle Street is giving too.

Individual donors from some of the biggest Wall Street firms all adding up to millions for presidential candidates.

Goldman Sachs employees giving Senator Barack Obama 94, 000 dollars, followed by UBS at 81. And Senator Obama getting some help from former Clinton investors⁴, former FCC chairman Reed Hundt, Michale Froman and Brian Mathis of the Clinton Treasury⁵ Department and former Clinton White House lawyer Greg Craig.

Senator Clinton is relying heavily on the narrow base of tried and true wealthy donors, many of them Wall Street execs, Morgan Stanley employees giving 75, 000, Goldman 48, 000 dollars and Citi 45 grand. Clinton getting more than 5, 100 donors to give their legal limit of 2, 300 dollars. Nearly 3, 000 of those donors also contributed the max of 2, 300 dollars, to her general election fund.

What's going to happen is that because of Federal Campaign Finance Laws, they're, they're limited to how much they can give. That's why the, the point is to find new donors. What you are seeing here, I think to a degree, is grabbing the low-hanging fruit in the first quarter.

On the Money, Erin Burnett, CNBC.



NOTES:

1. tried-and-true

Tested and proved to be worthy⁶ or good.


2. LaSalle Street

LaSalle Street is a major north-south street in Chicago named for Sieur de La Salle, an early explorer of Chicago. The portion that runs through the Loop is considered to be Chicago's financial district.

3. take no prisoner

Extremely ardent⁷ or aggressive

4. Goladman Sachs

The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street.

5. FCC

Federal Communications Commission

1 doling   

救济物( dole的现在分词 )； 失业救济金

参考例句：

• "What are you doling?'she once demanded over the intercom. 有一次他母亲通过对讲机问他：“你在干什么？ 来自英汉非文学 - 科学史
• Many scrollbars are quite parsimonious in doling out information to users. 很多滚动条都很吝啬，给用户传递的信息太少。 来自About Face 3交互设计精髓

2 bucks   

n.雄鹿( buck的名词复数 )；钱；（英国十九世纪初的）花花公子；（用于某些表达方式）责任v.（马等）猛然弓背跃起( buck的第三人称单数 )；抵制；猛然震荡；马等尥起后蹄跳跃

参考例句：

• They cost ten bucks. 这些值十元钱。
• They are hunting for bucks. 他们正在猎雄兔。 来自《简明英汉词典》

3 donors   

n.捐赠者( donor的名词复数 )；献血者；捐血者；器官捐献者

参考例句：

• Please email us to be removed from our active list of blood donors. 假如你想把自己的名字从献血联系人名单中删去，请给我们发电子邮件。
• About half this amount comes from individual donors and bequests. 这笔钱大约有一半来自个人捐赠及遗赠。 来自《简明英汉词典》

4 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

5 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

6 worthy   

adj.(of)值得的，配得上的；有价值的

参考例句：

• I did not esteem him to be worthy of trust.我认为他不值得信赖。
• There occurred nothing that was worthy to be mentioned.没有值得一提的事发生。

7 ardent   

adj.热情的，热烈的，强烈的，烈性的

参考例句：

• He's an ardent supporter of the local football team.他是本地足球队的热情支持者。
• Ardent expectations were held by his parents for his college career.他父母对他的大学学习抱着殷切的期望。