Goodtimepolitics

UPDATED 04 DEC

Adios! Bill Richardson drops out as Commerce Secretary

New Mexico Gov. Bill Richardson, tapped in December by President-elect Barack Obama to serve as secretary of Commerce, has withdrawn his name for the position, citing a pending investigation into a company that has done business with his state. Read More

If you do the crime you pay the price…how many more of Obama’s socialist army will go down in this smoke? Where there is smoke there is fire.

 My first post on this Issue below!

A federal grand jury is investigating how a company that advised Jefferson County, Alabama, on bond deals that threaten to cause the biggest municipal bankruptcy in U.S. history, did similar work in New Mexico after making contributions to Governor Bill Richardson political action committees.

The grand jury in Albuquerque is looking into Beverly Hills, California-based CDR Financial Products Inc., which received almost $1.5 million in fees from the New Mexico Finance Authority in 2004 after donating $100,000 to Richardson’s efforts to register Hispanic and American Indian voters and pay for expenses at the Democratic National Convention in 2004, people familiar with the matter said.

The Federal Bureau of Investigation asked current and former officials from the state agency if any staff members in the governor’s office influenced CDR’s hiring, said the people, who declined to be identified because the proceedings are secret. Richardson, who is President-elect Barack Obama’s designate for Commerce Secretary, has a staff of at least 30 people.

“They’re looking at everything related to CDR,” William Sisneros, the finance agency’s chief executive officer, said of the FBI probe. “They’re just trying to evaluate all the relationships to see what CDR was doing for the money.”

Nationwide Investigation

The investigation reflects another front in nationwide efforts by U.S. prosecutors to investigate so-called pay- to-play in the municipal bond market.

SOURCE: Bloomberg

Another one of Obama people under a grand jury investigation! Is there an end to corruption in the Obama adim. I can not remember when we ever had this much corruption concerning a President Elect during my lifetime.

LINKS:

(1) Another Obama Staffer in the Wrong kind of Light!  

(2) Grand jury probes Richardson

(3) Grand Jury Investigates Richardson Contributor

(4) Bill Richardson’s own pay-to-play scandal?