The Associated Press is reporting that 19 top fundraisers for the Bush-Cheney campaign were executives or CEOs of companies that have been fined for dealing with state sponsors of terrorism. U.S. law bars companies from dealing with certain countries including Iran, Libya and Iraq under Saddam Hussein. One of these fundraisers is Joseph Grano Jr. He formerly headed the US subsidiary of the Swiss Bank UBS AG which paid out $100 million in fines for trading US currency to Iran and for illegally transferring funds to Saddam Hussein’s Iraq. In addition to being a top Bush fundraiser Grano was appointed by the president to serve as chairman of the federal Homeland Security Advisory Council. The AP has also determined that the average penalty for a company doing business with a state sponsor of terrorism has dropped nearly threefold since the Sept. 11 attacks.