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Once a campaign finance reformer, Mr. Brown has morphed into a campaign finance machine.
Mr Caballero tells a related story; low interest rates during the bubble period were due to a universal hunger for safe assets.The desire for safe assets, for collateral or otherwise, helped fuel the construction of the securitisation and structured finance machine that plowed capital back into housing markets.
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Left unsaid was the belief that Mr. Bush and his campaign, at the time a richly financed machine, could best help Mr. Giuliani's campaign, by either sharing lists of donors or helping with fund-raising.
Mr Morsi, its reserve candidate, was a professor of engineering known for unquestioning loyalty to the Brotherhood's "guidance bureau .Despite the Brotherhood's powerful and well financed machine, Mr Morsi garnered just 25% of the vote; more than any other candidate, but a lot less than expected.
Bearing the immediate brunt of this development are regional banking heavyweights such as UniCredit in Italy and Santander and BBVA in Spain, which traditionally have been reliable financing machines to their home governments and as a result are now saddled with large bond holdings that are losing value by the day.
A: We've been open from day one that this is not something you can build in a garage and no one person can finance this machine.
With a pedigree consisting of both finance and machine learning experience, Cross hopes to best legacy players like Oracle and Lexus Nexus that rely on outdated technology while getting the jump on newer entrants like Palantir that are bogged down by clunky consulting operations.
Approval of a multimillion-dollar bond ordinance to finance the machines and their operation was held up for more than a month.
This battle will enable parties to dole out nearly $50 million over the course of the election — and the Conservatives are by far the best financed political machine, meaning Harper will likely outspend his opponents by a comfortable margin.
Mr Georgiev financed new machines at 6% a month from local lenders.
The ploy of disguising secretly financed political machines as tax-exempt "social welfare" organizations has become one of the trademarks of modern politics.
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