Three makes a trend, right? Today, there are three news stories on presidential bundlers - campaign contributors who solicit money from other contributors and bundle it together - and their activities. All of these stories highlight the need for bundling disclosure rules from the Federal Election Commission. But two of these stories pinpoint the potential for abuse in the bundling system.

The Washington Post looks at the odd practices of one Harry Sargent III, the owner of an oil trading company with billion dollar defense contracts. Sargent has raised over $50,000 for Sen. John McCain’s presidential bid from a collection of Arab-Americans who refuse to discuss why they gave money to the Republican’s campaign: (more…)

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Sunlight has joined with seven other organizations in calling on the McCain and Obama campaigns to provide more details about their bundlers, the “mega-fundraisers” who are very skilled at using their business and personal contacts to raise large amounts of campaign cash for a specific candidate. By clicking on the following links, you can view the letters sent to John McCain and Barack Obama.

Bundlers are well-connected political players such as corporate executives and lobbyists collect far more money from friends, business associates and other contacts than they are allowed by law to give as an individual donor. Bundling is a big source of funds for the campaigns, earning the bundlers great access and power within a campaign and, for those fortunate to have chosen the right horse, great access and sway in the new administration. (Think Ambassadorships, appointments to regulatory commissions like the SEC, FCC, and other plumb positions.) McCain and Obama have voluntarily listed how much their bundlers have raised their campaign but in the most general terms.

Specifically, we are asking McCain and Obama to:

• report on their Web sites the exact amount bundlers have raised for the campaign;
• ask their party’s national committee to track and disclose bundling funds coming to the party;
• to disclose bundler’s locations by city and state, as well as their occupations and employers, matching FEC requirements for any donor contributing more than $200;
• and for individual contributors of $200 or less, we are asking the candidates to disclose the number of contributors and cumulative amounts by ZIP code and country (for those Americans living oversees).

(more…)

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ABC News’ The Blotter reports:Presidential candidate Sen. Barack Obama, D-Ill., said Monday evening he would release new details on the levels of campaign contributions raised by "bundlers" for his presidential campaign, "something that no other candidate has done," according to campaign spokesman Bill Burton.

But it doesn’t appear that the intended will be as complete as what Democratic candidate John Kerry or President Bush revealed in 2004 about those who raised the biggest bucks for their campaigns.

Update: I should have mentioned that this annoucement comes one day after Lynn Sweet of the Chicago Sun Times called Obama to task for his lack of disclosure.

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