Mitt Romney Cash Invested With GOP Whale

The reason? Singer's fundraising clout is game-changing. He raised $1.4 million for President Bush at a single luncheon in his Upper West Side apartment, chairing 70 guests at $20,000-a-piece, according to a Washington Post article. The New York Times reported that Singer raised $1 million for GOP senators at his Central Park West digs on the same day the House gave final approval to the sweeping overhaul of financial regulations. Groups that track fundraising have identified him as one of the most prolific donors of the 2010 cycle, sending more than $4 million to Republican causes.

Romney aides would not say if they have pursued Singer's support, but rivals said they would be shocked if he has not. In September 2009, Romney was photographed seated at a table with Singer at a forum of the Foreign Policy Initiative at the W Hotel in Washington.

A spokesman for Elliott Associates said neither the company nor Singer would comment on the Romney investment.

This is not the first time a wealthy candidate has seen their financial disclosure filings elicit questions about the potential for a personal fortune to pay political dividends.

Just last year, the New York Times reported that Republican candidate for California governor, Meg Whitman, invested $1 million of her vast fortune in a fledgling movie production firm started by a very prominent and much-sought-after Republican strategist. Her critics noted that the investment came just as the strategist, Mike Murphy, was in talks to join the campaign of a Whitman rival -- talks that fell through right after she made her investment.

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