From ABC News: “Kerry Funds Raise Questions”
Kerry makes a point of arguing that he has never taken any money from political action committees, or PACs.How soon before "buyer’s remorse" hits the Democrats?
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But all together, [Predictive Networks' CEO, Devin] Hosea "bundled" more than $100,000 for Kerry. Bundling is the process through which an individual — usually a lobbyist or company CEO — collects many lawful individual campaign contributions and bundles them together, giving them en masse to a campaign for maximum impact.
"It's one thing to say you don't take PAC money, but again, when you accept bundled money, it is in a sense the same interest that's behind it — and often it's in much larger amounts," Noble said. "PAC money is limited to $5,000. The bundler can bundle together $100,000 to $200,000." So Kerry's claim to be free of special interest ties because PAC funds are verboten from his campaign "is symbolic more than it is practical," according to [Center for Responsible Politics’ Larry] Noble.