Elizabeth Warren's big donors.
Elizabeth Warren had a massive fundraising quarter in the Massachusetts Senate race,
taking in more than $12.1 million to Scott Brown's $7.45 million during the same period. Warren hauled in almost that much just in September alone. But the real story is in where their donations are coming from.
Warren's team has touted the grassroots support her campaign has received throughout the cycle, and in the third quarter, over 80 percent of the $12.1 million came from donations of $50 or less, and over half came from donations of $25 or less.
Brown's campaign
hasn't released information about donation size for the quarter. But
analysis from the previous quarters of fundraising, Warren swamps Brown when it comes to small donors. As of the end of June, Warren had received about 44 percent of her money from donations of less than $200, while Brown raised about 18 percent from smaller donors.
Here's the most telling part of the fundraising story, though.
On the eve of the release of the next round of fund-raising numbers, the analysis of filings to the Federal Elections Commission shows that, so far, employees of the Boston mutual fund giant Fidelity Investments are, together, Brown’s biggest source of support. They have given $264,675, according to the FEC data, which was compiled by the Center for Responsive Politics. After Fidelity are the employees of EMC Corp., the Hopkinton computer-storage company; Springfield’s Massachusetts Mutual Life Insurance Co.; and Goldman Sachs & Co. [...]
[...] Brown’s support from the financial industry—about $5.5 million, or 28 percent of the $19.5 million he has raised in total—also appears to reflect how much the sector does not want Warren in the Senate.
Note that the employees of financial industry giants are not likely to be donating in the $200-and-less category. But they're donating where their interests lie, and that says an awful lot about Brown's interests.
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