Clinton’s deputy treasury secretary Altman a Raimondo donor

November 1st, 2011 at 10:37 am by under Nesi's Notes

Roger Altman

The most prominent person who gave money to Treasurer Gina Raimondo during the third quarter didn’t make The Journal’s front-page story this morning: Roger Altman.

Altman, a well-connected Wall Street financier from the Democratic Party’s Robert Rubin wing, served as deputy treasury secretary under President Clinton and was a leading candidate to replace Larry Summers as director of President Obama’s National Economic Council. He also worked in the Carter administration.

Altman donated $1,000 to Raimondo on Sept. 28, her financial filing shows. It’s the first time he’s ever given money to a state-level candidate in Rhode Island, according to Board of Elections records.

There was also a more controversial contributor buried in Raimondo’s filing: Richard P. Baccari.

Baccari, a veteran property developer, had ties to the DiPrete administration in the 1980s and more recently was linked to the North Providence corruption scandal. He donated $250 to Raimondo on Sept. 6. (While it’s possible this is his son of the same name, the younger Baccari usually signs his donations “Baccari II.”)

Raimondo raised $223,465 from July 1 to Sept. 30, as RIPR’s Scott MacKay first reported last week, boosting the political newcomer’s campaign war chest to an astonishing $513,584.

Some of Raimondo’s contributors have connections with Engage Rhode Island, the deep-pocketed new advocacy group that’s pushing the General Assembly to enact the treasurer’s pension bill, and the fight over the proposal.

They include former Nortek CEO Richard Bready ($1,o00), whose deputy Ed Cooney co-chairs the group; former Gilbane Chairman Paul Choquette ($250), who testified in support of the legislation last week; and lawyer John Tarantino ($250), whom the state has hired to represent it in the court case challenging the last round of pension changes.

In the health care industry, Raimondo got money from Rhode Island Hospital CEO Timothy Babineau ($250), CVS Caremark executive Helena Foulkes ($1,000), Lifespan executive Kathleen Hittner ($1,000), newly installed Care New England CEO Dennis Keefe ($250) and Tufts Health Plan CEO James Roosevelt ($200).

Other political insiders who gave to Raimondo include former House Speaker Joseph DeAngelis ($200), Governor Carcieri’s former chief of staff Jeff Grybowski ($300), former state Democratic Party chairman Bill Lynch ($200), Providence City Councilwoman Sabina Matos ($250) and former Providence Mayor Joseph Paolino ($250).

An earlier version of this story described Richard Bready as Nortek’s CEO; he retired from that job on July 1.

(photo: Georgetown University)

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