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Gibson rakes in Wall Street money

Jan 25, 2012 12:05 am
Jimmy Vielkind in Capitol Confidential reports that Rep. Chris Gibson (R-Kinderhook) raised $245,395 in the last fundraising quarter, and now has $702,022.21 cash on hand to fight off opponents, according to the latest Federal Elections Commission filing. Senior employees of Elliott Associates and Elliott Management, a hedge fund founded by Paul Singer, the chairman of the board of the conservative Manhattan Institute think tank, gave the most. The Congressman, who represents both Greene and Columbia counties, also received $4,000 from the PAC controlled by Goldman Sachs investment firm. Vielkind then relates an old Gibson campaign press releases from his 2010 campaign, when he complained that then-Congressman Scott Murphy accepted money from “Wall Street special interest donors” including Goldman. Gibson’s spokeswoman Stephanie Valle focused on the other half of Gibson's war chest. “We’re fortunate to receive over half of our contributions from individuals, who include seniors, small business owners, farmers and many others from all walks of life,” she told Vielkind. So far, only Dutchess County legislator, Democrat Joel Tyner, has announced an interest in taking on Gibson in the fall. Read the entire story in Capitol Confidential.