Posted on 01/05/2009 9:28:16 AM PST by lewisglad
The Obama transition team was aware of New Mexico Gov. Bill Richardson's relationship with the firm currently being investigated, CDR Financial Products, because Richardson had introduced the firm's founder, David Rubin, to Obama fundraisers during the Democrat convention in Denver last August.
Richardson withdrew his name from nomination for Commerce Secretary due to a grand jury investigation into possible financial dealings between his New Mexico administration and Rubin's firm, CDR Financial.
But it isn't just Obama and Richardson that Rubin has ties to. According to federal law enforcement officials familiar with the investigation, federal officials are also looking into CDR's political and financial ties to Pennsylvania Gov. Ed Rendell, as well as to Democrat state and local officials in Illinois, California, Florida, and Pennsylvania.
Rendell placed Rubin on a political patronage commission in Pennsylvania, and Rubin was also given a seat on a Los Angeles City commission back in 2002, both seemingly as the result of political contributions to political action committees. Rubin has also been a financial supporter of Rev. Al Sharpton.
CDR also had close business ties to Freddie Mac and Fannie Mae, marketing and selling financial instruments created through low-income housing "lease to own" programs across the country. "If someone wants to understand just how deep Democrats are into the housing bubble and the economic crisis, they should look at some of the financial wheeling and dealing around some of those 'lease to own' programs," says a former Freddie Mac lobbyist based in Washington. "It's a veritable 'who's who' of Democratic state and local politics from New York to Los Angeles."
(Excerpt) Read more at spectator.org ...
I listened to Fox News coverage of this story yesterday afternoon on Sirius as I was driving around and I was amazed that the commentators were so breathless with how important, how CRITICAL, the job of Commerce Secretary is, especially in this time of “economic crisis”.
My wife and I both laughed at their hyperbolic hyperplexic blue-in-the-face efforts to pump up this non-story. We were waiting for one or more of them to have a brain aneurysm over it.
Who gives a sh1t who the Commerce Secretary is, really?
And who gives a sh1t if there is or isn’t a Commerce Secretary?
I mean. Really.
So where was that hard drive with the W-88 warhead data on it before it showed up behind the copy machine?
Guess you can’t read. Not a newbie, been posting and calling others out for their BS claims “it is a non-story” since early 2006. Changed freeper names after gettting the okay from the mods to do so.
Looking back at the “accidental” death of Ron Brown, I would say that several people think the Secretary of Commerce is an important position.
Ping
I keep going back to the suggested new congressional dress code — make ‘em Dress like NASCAR drivers so we can tell who OWNS THEM !
Oh yeah, like a newbie can’t type the words “posting since 1952 under a different name”
yeah, right
newbie
DUer
are you here on a mission?
a mission from The One?
Who knows what Ron Brown was up to and who he pissed off.
Ok, forget it.
I’m not going to spend a lot of words on this.
I take it all freaking back.
The commerce secretary post is the most important job in the universe and if we don’t have a commerce secretary then the universe will collapse tomorrow, in a flaming fire of ultra-GlobalWarming.
There.
Happy?
Unlike your fool self, I do not call a major corruption and embarrassment scandal for the false messiah “a non-story”. As far as looking at someone that does not know sh**, as you would claim, look in the mirror big guy. That shoe fits right there.
I didn’t say the scandal was a non-story, you DU newbie creep.
I said the job itself is essentially meaningless.
You DU newbie creep.
We're doomed!
The talk in West TX and NM is Bill has been supporting some good-looking chicas on the government payroll and it was about to come out “BIG” as they say.
You mean...it wasn't an accident??? It wasn't "the worst storm in a century???" That the death of the maintenance guy in charge of the beacon wasn't a "suicide?" That Ron Brown didn't have anything on the Clintons? He wasn't using his position as Commerce Secretary to pad his Swiss Bank account? Gosh...
China
One of the Admins might want to smack both of you and stand you in a corner for a few days, weeks, months.
Wow, you certainly have an attitude.
This is cruel and unusual punishment for New Mexicans. Of course Richardson is corrupt, like O is corrupt, like Hillary is corrupt, like Pelosi is corrupt, like Reid is corrupt.... The real challenge is finding Dimocrits that aren’t corrupt. Why do we have to keep Bill?
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