The AP reports that a veteran Wall Street executive who performed an independent review that exonerated the Obama administration’s program of loans to energy companies contributed $52,500 to re-elect President Obama in the months since completing his work.
The executive defended the integrity of his conclusions and said he decided to donate to Mr. Obama after his work was finished.
The campaign contributions to Mr. Obama started just weeks after Herbert M. Allison Jr., in congressional testimony in March, minimized concerns that the Energy Department was at high risk in more than $23 billion in federal loans awarded to green energy firms.
Two weeks later, Allison began giving to the Obama campaign. His contributions to Mr. Obama and the Democratic National Committee totaled $52,500 by last month.
Allison previously was the former head of the government’s mass purchase of toxic Wall Street assets. Read the full story here
