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Front End Loader News
Money can't buy you love, but a donation in politics might get you some recognition
Thursday February 4, 2010
Three cheers for Macquarie Group's chutzpah - explaining this week why it donated nearly $200,000 across the political divide.
"We're just supporting the political process," said a spokeswoman, Lisa Jamieson.
To think that we had assumed Macquarie and the other donor banks, including Westpac ($120,000), ANZ ($100,000) and the Commonwealth Bank ($25,000), were depositing a down payment on a big "thank you" for borrowing the government's triple-A rating and the deposit guarantee when times were tough.Oiling those squeaky wheels of government
Thursday February 4, 2010
This week's funding disclosures draw attention to the rationale behind corporate donations to political parties.