Not all the people who donate to presidential campaigns are good. This fact comes to mind as we find out more about one of George W. Bush's big campaign donors -- a pleasant fellow named Scott Rothstein. Of course, he had plenty of company in goosing Bush's campaign coffers -- recall subprime mortgage lender Ameriquest, which contributed a mere $7.8 million.
But that's old news. Bloomberg News reports that Rothstein is a lawyer who persuaded investors to give him $1 billion, in exchange for which they allegedly got a chance to earn a share of what Rothstein promised would be big legal settlements just a few months after those investors' checks cleared. Apparently, it was a yet another Ponzi scheme -- the legal settlements didn't exist. Federal authorities have sued Rothstein, but he hasn't yet been charged with any crime.