Daily Revolt

March 11, 2007

Obama Faces Questions on His Blind Trust

New face same old politics as usual:
Democratic presidential candidate Barack Obama said Wednesday he was not aware he had invested in two companies backed by some of his top donors and said he had done nothing to aid their business with the government.

The Illinois senator faced questions about more than $50,000 in investments he made right after taking office in 2005 in two speculative companies, AVI Biopharma and Skyterra Communications. Obama set up a trust that gave his broker authority to trade stocks on his behalf without his input, according to 16 pages of documents he released Wednesday.

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