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OBAMA $$ HIT SET FOR NYT
Tue Mar 2007 06 21:52:30 ET
Less than two months after ascending to the U.S. Senate, Barack Obama bought more than $50,000 worth of stock in two speculative companies whose major investors included some of his biggest political donors, the NYT will splash on Wednesday Page Ones.
The paper claims, according to newsroom sources: One of the companies was a biotech concern that was starting to develop a drug to treat avian flu. In March 2005, two weeks after buying about $5,000 of its shares, Obama took the lead in a legislative push for more federal spending to battle the disease.
The paper's Mike McIntire and Chris Drew get front placement [side by side with Libby Coverage] for details of Obama's most recent financial disclosure:
It shows that he bought more than $50,000 in stock in a satellite communications business whose principal backers include four friends and donors who had raised more than $150,000 for his political committees.
A spokesman for Obama says the senator did not know that he had invested in either company.
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