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 ...
Come on you guys, cut out the name calling. It’s no big deal.
It certainly became an important Cabinet seat after Bubba moved the decision-making authority concerning trade of sensitive technology from DOD to Commerce. I’m sure the Chinese Army appreciated the value of the Commerce cabinet post.
For reasons we can all figure out no media has bothered to investigate Richardson’s nasty effort to force gambling on the Navajo reservation. The trail leads back to New Jersey and to others who would benefit and have worked with Richardson for a long time.
Now I see why he was not chosen VP...
PING! to the NM list.
(FReepmail greyfoxx39 to be added or removed from the list)
Great point. I asked another friend: “what does the Commerce Secretary do anyway” He said: “I think they are in charge of corruption”. Thinking back, it was the right answer. Aren’t the Commerce Secretaries always the ones being indicted? Ron Brown, etc. So Richardson was perfect for the job, and was just doing what Obama needs someone to do!
He allows the bodies of murdered naked staffers to accumulate in his offices. He goes on airplanes that crash and his body turns up with a 45 caliber hole in his skull.
Ok. You’re right. No more name calling from me.
I worked for an outfit overseas one time that shared space with the commerce department and I can tell you from first hand experience, the whole thing could be cut and it would be no loss to taxpayers.
Thanks, sam.
you are welcome
Obamunist corruption bump for later..........
Yea, what’s goin’ on between the two of you just don’t amount to a hill o’ beans!
Happy New Year!
CHeck out Chi Crime to see justhow important this is. 270 or so.
Your list might want to see this information....(getting rid of richardson so it doesn’t point to .....drum roll....BO
Richardson , David Rubin, CDR, and Pay for Play: A Summary
...A textbook case of corruption.
Here are some quick facts:
1. New Mexico award CDR won 1.4 million dollars from the New Mexico government after donating 100,000 dollars to two Richardson organizations. This is the incident the FBI has pushing hard on.
2. David Rubin of CDR has been involved in Politics from being on Ed Rendell’s transition team in 2003, to being appointed to the LA Housing Authority.
3. CDR has been involved in Low Income Housing plans with the now bankrupt Freddi Mac.
4. CDR was involved in possible corruption in Philadelphia from 2000-2003.
5. CDR managed to leave low income housing called Oakwood Terrace as a cesspool.
6. CDR May have also swindled Atlanta.
7. ON Sept 28th2007 the SEC fined CDR and Anchor National Life Insurance Company,(A company owned by AIG) for various corruption scandals.
8. CDR and David Rubin have poured 10’s of thousands of dollars in various Democrats including Hillary Clinton and President-Elect Obama.
4. CDR was involved in possible corruption in Philadelphia from 2000-2003.
Wonder how this connects with:
Burris has gone on to receive over $1 million in no-bid, low-effort consulting contracts from Illinois State agencies under the Governors control as well as a $5000/month retainer from Loop Capital, headed by BHO homie Jim Reynolds.
Jim Reynold is one of BO longest and best friend. Loop Capital is also partly run by Craig Robinson BO’s BIL.
In 2003, James Reynolds, A Chicago Investment Banker Who Is A Member Of Obamas National Finance Committee, Was Recorded On FBI Wiretaps Arranging What Prosecutors Said Was A Sham Consulting Contract With A Woman They Called The Paramour Of A Mayoral Adviser In Philadelphia. His Firm Later Won $300,000 Worth Of City Contracts. (Ken Dilanian and Matt Kelley, Fundraisers Linked To Corruption Cases, USA Today, 10/16/08)
“Bill, about your pulling support from Hillary and giving it to Obama...”
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