Sunday, January 04, 2009

Commerce Secretary Nominee Implodes Due to Pay for Play Investigation

Bill Richardson withdrew his name for Barack Obama's Secretary of Commerce. His candidacy cratered like America's financial sector in September 2008. Executive incentive pay has a counterpart in politics. It's called pay to play.

Did anyone hold any CWS's, candidate withdrawal swaps, on Governor Richardson? If so, you're in the money. Greed killed investing. Will it do likewise for politics? (Note: Bush's Just Us Department wore blinders for eight years on widespread Republican pay for play.)

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