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The Hillary Rodham Clinton campaign announced yesterday that it would give to charity $23,000 received from Norman Hsu, a major Democratic supporter who has an outstanding arrest warrant for a 1991 fraud charge. Campaign officials pledged to review thousands of dollars in other donations from Hsu.

California authorities said Hsu left the state in 1992 after pleading no contest and agreeing to serve up to three years in prison for defrauding investors. Hsu now lives in New York, where he is in the apparel business. On campaign finance reports, he lists his companies as Next Components, Dilini Management, Cool Planets, NBT and others.

A voter turnout group backed by George Soros has been fined by the Federal Election Commission for improper fundraising in the 2004 election.

The now-inactive organization called America Coming Together agreed to pay a $775,000 penalty. According to the FEC announcement, the group failed to properly report expenditures to candidates and failed to meet federal guidelines for administrative expenses.

America Coming Together conducted a major get-out-the-vote campaign in 2004, in an effort to help elect John Kerry.

The Washington Post had a good profile yesterday of Timothy Geithner, president of the Federal Reserve Bank of New York, who is “facing his first big test as point man between the powerful global firms in the world’s financial capital and the policymakers who oversee them from Washington.”

The Post says Geithner is a strong crisis manager. During the turmoil in the debt markets, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson Jr. have been in touch with Geithner regularly.

While other funds struggle through the mortgage crisis, a hedge fund founded by former Harvard Management Co. CEO Jack R. Meyer is flourishing.

Meyer and former Harvard colleagues run Convexity Capital Management, which makes trading bets that benefit from volatility. The fund, started last year, had disappointing early results. But recent market swings have brought a turnaround.

Andre Agassi has plenty to keep him occupied since his tearful farewell to tennis at last year’s U.S. Open.

Agassi is the founder of a charter school in his hometown Las Vegas and a charitable foundation headed by his long-time friend and agent, Perry Rogers.

The foundation board includes such luminaries as Elton John and Emeril Lagasse.

Delta Air Lines, emerging from bankruptcy, has named a former head of Northwest Airlines as its new chief executive, sparking speculation that the two companies might merge.

John Edwards, the candidate who has stacked his campaign on fighting poverty, was embarrassed once again last week by John Edwards the multimillionaire.

Edwards, who declared his candidacy from the decimated Ninth Ward of New Orleans, and who has repeatedly criticized foreclosures on mortgages held by victims of Katrina, is a major investor in Fortress Investment Group, one of the companies foreclosing.

Mitt Romney’s years at Bain & Company and Bain Capital are proving useful beyond the millions he is able to pour from his personal fortune into his presidential campaign.

Two of his finance co-chairs - Meg Whitman of eBay and David Brandon of Domino’s Pizza - have Bain ties.

The Washington Post noted yesterday that the campaign had attracted at least $196,000 in donations from Bain employees.

Romney personally loaned nearly $9 million to the campaign during the first six months of 2007.

The Ford Foundation announced today that Luis A. Ubinas, a director of McKinsey & Company, will be its new president.

Ubinas will succeed Susan V. Berresford, who is retiring after 12 years as president and 38 years with the organization.