Isn't one big political scandal a month enough for our country? Apparently, not, as Obama's appointed Commerce Secretary is under a Grand Jury investigation for giving a lucrative contract to a private firm after they ponied up for Richardson's election campaign. From WaPo:
The inquiry is part of a long-running nationwide investigation into "pay-to-play" practices in local government bond markets. In other cities, federal investigators are questioning whether financial firms have lavished politicians with money and gifts in exchange for fee-paying work advising municipal and local governments on investments. Authorities indicted the mayor of Birmingham, Ala., this month on charges of taking hundreds of thousands of dollars in gifts and loans from a firm that led the city into toxic investments and massive bankruptcy.A few weeks back Obama only offered praise for the New Mexico Governor. From NYT:
In the New Mexico case, the FBI and federal prosecutors are investigating how CDR, based in Beverly Hills, Calif., won lucrative fees from the New Mexico Finance Authority in 2004 soon after donating $100,000 to two Richardson organizations.
“Bill has seen from just about every angle what makes our economy work and what keeps it from working better,”Awarding contracts based on the company's political contributions may not be what's best for "the economy", but it sure is best for "the campaign". With all the funny money that's up for grabs in our bailout bonanza, there's going to be a lot of people getting cozy with the new administration.