Monday, August 08, 2005

Oops!

One of Republican Doug Forrester's appeals for New Jersey primary voters was his large personal wealth, which would allow his campaign to be relatively free of big-money influence. Only, it now looks like it might be illegal for him to donate to his own campaign...
Forrester holds a 51 percent ownership interest in an insurance company that sells most of its policies to governmental clients in New Jersey.
. . .
State law expressly bars insurance companies and other regulated industries such as banks, utilities and casinos from making contributions to candidates or political organizations in New Jersey. The law also covers individuals with a majority ownership in those companies.
That should throw a wrench into the next few months of New Jersey politics! My sympathies.

(via Atrios)

1 Comments:

Anonymous Anonymous said...

good post... thanks.

Lila
my site: gifted child

6:20 PM  

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