This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Romney May Have Cronyism Issues Too

NEW YORK ( TheStreet) -- It appears Mitt Romney could be guilty of the same cronyism he's been criticizing Barack Obama for.

Romney's campaign has already slammed the president this week for supposedly giving federal grants and loan guarantees to political supporters. For example, Virginia Attorney General Ken Cuccinelli cited the $500 million loan the White House gave to now-bankrupt Solyndra and government loans that First Solar (FSLR - Get Report) received in a press conference on Monday.

And Romney spokeswoman Andrea Saul said in a statement on Monday that the president's favors to political supporters were "Chicago-style economics."

But BuzzFeed has now unearthed a November 2006 Boston Globe report that notesthen-Gov. Romney Communications Director Eric Fehrnstrom was the recipient of a Brookline Housing Authority position as part of the more than 200 appointments Romney filled before he left office in January 2007.

Oddly enough, it also appears that Fehrnstrom donated $1,000 to Democratic Senator John Kerry's primary campaign in 2001.

Fehrnstrom gave two $500 donations in 2001 to the Kerry Committee. The committee was the name of Kerry's regular Senate re-election campaign in 2002, according to Whitney Smith, Kerry's spokeswoman.

Before joining Romney's 2002 gubernatorial campaign, Fehrnstrom worked as a reporter for The Boston Herald. He was known there for successful articles against prominent Democrats, such as then-Democratic nominee Michael Dukakis in 1988 and then-lieutenant governor Evelyn Murphy in 1989 who unsuccessfully ran to succeed Dukakis as Massachusetts's governor, according to a GQ profile about Fehrnstrom .

FEC records show that an Eric Fehrnstrom of Chestnut Hill, Mass., without a listed employer, donated $500 to the Kerry Committee on June 30, 2001. An identical contribution from an individual with the same name living in Chestnutt sic. Hill, Mass. was sent to the Kerry campaign on Dec. 5, 2001. The FEC filing lists Fehrnstrom's employer as "Hill Holyday" under his second contribution.

Hill Holyday is misspelled from Hill Holiday, the marketing and advertising agency where Fehrnstrom worked as the senior vice president for corporate communications. The Romney aide worked there until Massachusetts elected Romney for governor, according to The Shawmut Group Web site .

The Romney campaign could not immediately be reached for comment about Fehrnstrom's possible donations to Kerry in 2001.

-- Written by Joe Deaux in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
FSLR $61.66 0.00%
AAPL $126.41 0.00%
FB $81.21 0.00%
GOOG $575.33 0.00%
TSLA $200.63 0.00%


DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs