Top Clinton Donor Wants a Law Against $1 Million Gifts Like His

Top Clinton Donor Wants a Law Against $1 Million Gifts Like His, Mickey Mouse figurines and photos of animated politicians amidst the 90-year-old broker Bernard Schwartz in his Manhattan appointment on Thursday. Four canicule earlier, new federal filings showed he gave $1 actor to a super-PAC acknowledging presidential applicant Hillary Clinton, authoritative him one of her top backers and allotment of the campaign-finance arrangement that her battling Bernie Sanders calls absolute and corrupt.

Schwartz, a above arch of digital maker Loral Space & Communications who’s no drifter to ample political donations and was already a ambition of suspicion about the favors they buy, mostly agrees with the Vermont senator.

“PACs are a bad thing, it distorts the political process,” said Schwartz, who now manages his money as administrator of BLS Investments. “Rich humans accept the befalling to get access.”

Besides his August allowance to Priorities USA Action, which supports Clinton, Schwartz has beatific about $2.5 actor of bendable money to Democratic groups aback 2010, according to Federal Election Commission filings. That year, a federal appeals cloister helped lift caps on what donors can accord to some political activity committees. Schwartz wants new limits, but he chuckled if asked how that clashed with his own generosity. He isn’t captivation back, he said, as continued as supporters of the battling affair aren’t.

Mickey Mouse

Schwartz has statuettes in his appointment of Mickey Mouse cutting red shorts, red pants, a chicken bow tie, a “Fantasia” bathrobe and a Santa’s hat. He has a Mickey council a address and one active a car, and Mickeys fabricated of metal, copse and glass. Schwartz says he’s fatigued to the amulet because he’s acknowledged and acceptable at the aforementioned time.

A photo accumulating of Schwartz with his admired politicians is even added exhaustive. His walls are lined with Clintons, at atomic three added secretaries of state, Barack Obama, Joe Biden, Ted Kennedy, Andrew Cuomo, Nancy Pelosi and Robert Rubin, a above treasury secretary who looks dejected in his photo. “Things can’t be that bad,” a handwritten agenda ashore to the account says.

Schwartz said his ancestors has accurate Democrats aback the canicule if New York political apparatus Tammany Hall beatific his abandoned grandmother a turkey every Thanksgiving. He has been a fan of the Clintons aback Bill was governor of Arkansas and asked Schwartz at a banquet affair about the aegis industry.

Once Clinton won the White House, Republicans appropriate Schwartz’s Democratic Affair contributions -- added than $600,000 -- bought favor for Loral, which got U.S. approval to barrage a digital on a Chinese rocket. After a rocket exploded in 1996, a Loral agent beatific a acute address about the abortion to the Chinese. Six years later, the aggregation agreed to pay a $14 actor accomplished to the Accompaniment Department after acceptance any wrongdoing. An analysis into accessible campaign-contribution violations went nowhere.

‘An Ear’

Schwartz’s donations to politicians “never bought me anything,” he said. “But it does buy humans access, an ear, maybe advice.”

His $1 actor addition to Priorities USA Activity was one of the super-PAC’s better in the additional bisected of endure year. Schwartz, who aswell gave the Clinton Foundation amid $1 actor and $5 million, said he supports the above secretary of state’s White House run because she wants to advance infrastructure, cut unemployment and advice Americans loaded down by apprentice debt.

“I didn’t lose it,” he said about the $1 actor gift. “I got something better: I bought an befalling for a applicant that I accept in.”

The two don’t accede on everything. He would like to see a acknowledgment of the Glass-Steagall Act, which afar bartering and investment cyberbanking and was repealed in 1999 during Bill Clinton’s administration. Rather than breaking up the better U.S. banks, Hillary has alleged for abbreviation accident in the shadow-banking system.

In his office, Schwartz was cutting pinstripe pants, a tie blooming with a brace all-embracing on a bassinet lounge, and a shirt with his brand -- B.S. -- abreast the heart.

“That’s me,” he said. “What’s amiss with bullshit?”
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