Obama gives away tainted Stanford campaign contribution

The L.A. Times reports:

President Obama's campaign fund moved Wednesday to distance him from the burgeoning scandal involving Texas businessman R. Allen Stanford, donating the value of Stanford's $4,600 campaign contribution to a Chicago charity.

Obama was one of a long list of Washington politicians and political committees that took money from Stanford, whose massive investment business was ordered seized this week as he was investigated for what the Securities and Exchange Commission called a "massive, ongoing fraud."

That's The Chicago Way.