Rep.
Barney Frank (D-Mass.) is
reportedly having mixed success raising money from the financial services industry for his re-election campaign, according to
Roll call. But at least one familiar fundster is standing by the powerful Democrat.
Campaign finance records show that Frank has received some $60,000 in campaign contributions since Wednesday from insurance, banking and mutual fund executives and their companies’ political action committees including
Putnam Investments [
see profile],
State Street Bank [
see profile],
Liberty Mutual Insurance Co.,
Fidelity Investments [
see profile],
BlackRock Capital Management [
see profile],
Ameriprise Financial Inc. [
see profile], Advanced Life Underwriting, Financial Service Centers of America, Independent Insurance Agents and Brokers of America, Webster Bank, and Coastal Federal Credit Union.
In fact, Putnam Investments’ PAC reportedly wrote a $2,500 check to Frank’s re-election campaign Monday and its CEO
Robert Reynolds, also made a $2,400 contribution.
However, Frank isn't having such luck with the alternative investment crowd. “People in the derivatives businesses weren’t too happy with me,” Frank said, in an interview.  
Edited by:
Hung Tran
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE