In July 2007, Mayor Bloomberg signed a ban against contributions from limited-liability corporations, closing a campaign-finance loophole that had allowed business executives to bypass individual-donation limits. But the law didn’t take effect until six months later. So what did rival mayoral candidates Congressman Anthony Weiner and Comptroller William Thompson do in the interim? Raise money like hell from limited-liability corporations! It wasn’t technically illegal, just disappointing, say watchdog groups. But probably not as disappointing as the futile attempt to challenge the self-financing, bottomless pit of wealth that is Mayor Bloomberg. [NYT]
