Drip, drip, drip...
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’s 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....
HT: Ace, who also noted that Ted Kennedy sent a note to NY Governor Patterson advising him that Caroline Kennedy would be an excellent Senator for New York--and that she could get the attention of Teddy, who could 'pay attention' to the needs of New York State.
What's Doylie get out of all this?
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