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...Another possible suitor could be US Bancorp. The Minneapolis bank is one of the nation's largest, but it has little presence on the East Coast, where Citi is big player. U.S. Bancorp has a market cap of $40 billion, about double the size of Citigroup. What's more, U.S. Bancorp chief financial officer Andrew Cecere recently told the Wall Street Journal said that the firm was interested in making a large acquisition...
...deep pocket donors responsible for CAP's success are not bragging, at least in public anyway. The group was formed with significant seed money by the families of three wealthy liberals, financier George Soros, Progressive insurance magnate Peter Lewis, and Herb and Marion Sandler, who once owned Golden West Savings and Loan. All three benefactors are represented directly or indirectly on the CAP board. Since 2005, the larger group of wealthy liberals, known as the Democracy Alliance, has also begun to contribute significant sums to the effort. Rob McKay, the heir to a Taco Bell fortune and chairman...
...same time, and largely under the radar, CAP worked furiously during the elections to deliver talking points to overworked journalists, including those at Fox, MSNBC and ABC News, who repeatedly used CAP and its Action Fund's research to quiz McCain surrogates. The hosts and guests of the Sunday news shows received routine briefings by CAP researchers. Liberal talk radio hosts and Democratic surrogates also receive daily talking points from the group. Meanwhile, liberal blogs have long become an echo chamber for CAP's own Internet outreach program, which produces reams of information that highlighted contradictions or hypocrisies in McCain...
...When Democrats first started dreaming up a powerful think tank like CAP, they studied carefully how conservative organizations like Heritage had been so successful. That would explain the fact that in January Podesta's organization plans to publish a 600-page manuscript called Change for America: A Progressive Blueprint For The 44th President that is consciously modeled on a very similar conservative document produced at the dawn of the Reagan era. That 1,000-page book written by the Heritage Foundation in 1981, Mandate For Leadership, became the blueprint for the incoming administration of Ronald Reagan. The book was placed...
...Podesta and other CAP staff have made clear that they do not want the organization to become an arm of the Obama Administration, but there will be clear pressures . "Much of the change is yet to happen," says Wartell, who is running CAP until Podesta completes the transition and returns. "The idea here is to be a think tank. It's not to be a government is waiting. We created this institution to be here 30 years from...