Madison360: Mantra of wealthy Republicans — we want the rest
PAUL FANLUND | The Capital Times | pfanlund@madison.com madison.com |Posted: Monday, August 15, 2011 9:45 am
Before he died in a recent car accident, I'd never heard of Charles Wyly.
He was killed near Aspen, Colo., when his Porsche was struck by a sports utility vehicle. Wyly, 77, and his younger brother became billionaires by building and trading companies from their base in Dallas.
The brothers reportedly gave $10 million to Republican candidates over the years, including $30,000 to the Swift Boat campaign that smeared the Vietnam War record of Democratic presidential nominee John Kerry in 2004. Wyly's obituary in the New York Times said he later regretted not studying the ads more closely.
Last year, the Securities and Exchange Commission filed suit against the brothers for allegedly using offshore havens to hide more than $500 million in profits from insider stock trading, but that's beside the point.
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