Contract earned Rendell donor $600,000

Pittsburgh Tribune-Review ^ | January 7, 2009 | Brad Bumsted and Walter F. Roche Jr.

[appleseed]

HARRISBURG -- Gov. Ed Rendell was not aware the Pennsylvania Housing Finance Agency awarded a no-bid contract in 2003 to a California company headed by a member of his transition team for the Department of Revenue, his spokesman said Tuesday.

Since then, CDR Financial Products has collected nearly $600,000 as a financial adviser to the housing agency, according to figures provided by Brian Hudson, the agency's executive director. Its current contract is for $45,000, Hudson said.

CDR's president, David Rubin, donated $35,000 to Rendell's campaigns -- $20,000 of it in 2002, state records show.

[appleseed]

The Trib. article goes into much further detail on this than an article posted earlier. Rubin was good at this pay for play stuff. He invested a little and usually got a huge return. I wonder how much he made on his 0bama investment?

[NewLand]

Gov. Ed Rendell was not aware

How do you spell Democrat?

P-i-n-o-c-c-h-i-o

[appleseed]

This is from the CDR Financial Products website written by David Rubin:

“Anyone who knows me knows that I have been an unabashed supporter of Democratic causes and public figures, especially those like Gov. Richardson, who support a liberal, inclusive agenda.”

http://www.cdrfp.com/letter.html

[Proud2BeRight]

The culture of Democrat.

[Leisler]

Nice rate of return. Spend 35k, get 600.

No heavey lifting, fax me your stuff, ‘work’ out of home, results? Spend less, buy lower price goods and services.

Pocket 565K. Thank you very much.

[Rummyfan]

There is a reason he's known as Fast Eddie, and it's not because of his 100 mph jaunts down the Pennsylvania Turnpike....

[tired&retired]

I never heard him called “Fast Eddie” but it sure fits. A friend of mine had to negotiate a “campaign contribution” of $100,000 to Fast Eddie in order to arrange a dinner with him at the Gov’s mansion for a few execs. That is the norm.

If you look at his ties to the casino start up in Penna. it really smells. If one were to spend a few hours cross referencing the corporate officer names affiliated with the casino license applications as listed in the PA Department of State corporate records on the Internet with the political contributions database on line, one would have a rude awakening. The application fee is $50 million per license. The state is now running one casino as they found that they gave the license to a person affiliated with organized crime and had to revoke the license!

One of his financial advisers was run out of our county as a commissioner after he bankrupted us. He started a separate “Authority” to purchase the county owned nursing home and took the proceeds and blew them in the general fund. We not only had a huge revenue shortfall when he left, but had to pay the bond issue off he used to buy the nursing home from himself. Thus it was no surprise when Fast Eddie announced that the state was going to sell off our state turnpike to a private company for quick spending money.

[HighlyOpinionated]

Can someone list the Democrat Achievements that don’t include some kind of “pay to play” or “kickbacks” or “pay offs?”
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No, huh?