Iowa AG slams report on campaign contributions

Iowa Attorney General Tom Miller dismissed a recent report on his 2010 campaign contributions from those involved in the banking industry, calling it “false and misleading at its core.”

The National Institute on Money in State Politics released a report this week, detailing which banking attorneys contributed to Miller’s campaign. But in an interview with HousingWire Friday, Miller said all but one of the attorneys listed as campaign contributors in the report are not involved in the case. Only Meyer Koplow, a partner at the New York firm Wachtell, Lipton Rosen & Katz, who gave Miller $5,000 in 2010 is involved. He represents Bank of America (BAC: 12.31 +0.33%). However, at the time of the contribution and at the time of the election, Koplow was not involved in the case.

The rest of the attorneys, Miler said, “were not involved in the case, not involved in the negotiations.”

You can check out this bankster sponsored report in it’s entirety here…

Mr. Miller, it has NOTHING to do with being involved in the case or the negotiations.

What it does have to do with is, did you or did you not;

  • Have half of the money you raised in 2010—$338,223 of $785,103—donated after the October 13 announcement that he would be coordinating the 50-state attorneys general investigation?
  • Received $170,300 from lawyers outside of Iowa, which is two-thirds of all the money he raised from them during the entire two-year election cycle?
  • Raised $785,000 in 2010, more than double the $327,196 he raised for his 2006 and 2002 campaigns combined?
  • Have out-of-state lawyers and lobbyists give you $261,445 in 2010, which is 88 times more than they gave over the previous decade?
  • Have out-of-state lawyers who suddenly took a strong interest in your reelection last fall that are among the most prominent litigators and partners from some of the largest and most famous corporate and class action firms in the country, which is not surprising given the numerous high-stakes court cases filed in the wake of the financial collapse of 2008 that could be impacted by the pending settlement?
TABLE 2: Major Out-of-State Contributions from Lawyers
Firm Total from Firm Total from Firm’s Employees Grand Total
Boies, Schiller & Flexner 0 $63,450 $63,450
Kirby McInerney $25,000 0 $25,000
Simpson Thacher & Bartlet 0 $12,500 $12,500
Williams & Connolly 0 $10,500 $10,500
Kaplan, Fox & Kilsheimer $11,000 0 $11,000
Hanly, Conroy, Bierstein, Sheridan, Fisher & Hayes $10,000 0 $10,000
Total $46,000 $86,450 $132,450
“Total from Firm” are donations made directly by the law firm. “Total from Firm’s Employees” are the sum of personal contributions made by employees of each firm.

Didn’t you also received $50,000 from the Democratic Attorneys General Association (DAGA), a political organization that supports Democratic candidates across the country who run for attorney general. lists DAGA’s top 2010 contributors, summarized below?

Notable contributions made to DAGA by lawyers and law firms include:

  1. $125,000 from the consumer protection firm Bernstein Litowitz Berger & Grossmann, which is suing Citigroup, JPMorgan Chase, Merrill Lynch, Morgan Stanley, and many other financial institutions over their mortgage practices36
  2. $115,000 from Labaton Sucharow, a firm that is bringing multiple suits related to subprime mortgages37
  3. $77,500 from Kaplan, Fox & Kilsheimer, another national consumer firm with pending subprime mortgage litigation38

Also among DAGA’s top contributors were the same financial firms being sued by the above firms:

  1. Bank of America contributed $80,029
  2. JPMorgan Chase contributed $75,000
  3. Citigroup Global Markets, a subsidiary arm of Citigroup, contributed $65,000

So, I say to you this. Does it really matter if they are directly “involved in the case or the negotiations.” That is a play on words and you know it because the case negotiations and it’s outcome directly effects your “contributors.”

If I am wrong, SHOW us differently, like when you said “We will put people in jail” last year.

What ever happened to that?

Oh yea, the money…