Obama Official Reportedly Tied to New York Corruption Case Also a Major Richardson Donor
It looks like Gov. Bill Richardson’s (D-N.M.) troubles might be getting a bit worse. Richardson is currently entangled in a federal pay-to-play investigation in his home state. Today, The New Mexico Independent’s Heath Haussamen reports that Steven Rattner, who is currently overseeing the Obama administration’s auto industry bailout program, has also been a major contributor to Richardson’s gubernatorial campaigns in recent years — donating a total of $20,000 over two elections. The problem?
Richardson heads the State Investment Council (SIC), which manages the state’s investments. In October 2005, the SIC voted to invest $20 million with Quadrangle Group LLC, according to minutes of the meeting. At the time of the 2002 and 2006 campaign contributions, Rattner was a managing principal in the company, which he left in February of this year to take the auto-bailout job.
Though he hasn’t been charged with any wrongdoing, Rattner has been identified by national media outlets as the unnamed person in federal documents who allegedly arranged in late 2004 for Quadrangle to pay $1.1 million in exchange for business with the state of New York.
While neither Quadrangle nor Rattner have been accused of any wrongdoing in New York or New Mexico, this certainly doesn’t look good for Richardson.
You can read Heath’s full story here.
The New Mexico Independent and TWI are members of the Center for Independent Media network.