New Mexico Gov. Bill Richardson's campaigns and political-action committees received at least $102,300 from brokers hired by money managers seeking to handle $11.7 billion of state trust funds, campaign-finance records show.Of course, Rattner has his own issues to deal with, but apparently he's protected.
In addition to those donations, Richardson, a Democrat who ran for president in 2008, received at least $95,000 from the state trusts' outside money managers.
That cash included $20,000 from Quadrangle Group LLC founder Steven Rattner and $50,381 from Leo Hindery, founder of InterMedia Advisors LLC, according to New Mexico and federal campaign-finance records.
Rattner, who directs the Obama administration's auto-industry task force, and Hindery have donated $3.8 million to Democratic candidates and political-action committees, compared with $110,200 to Republicans.
"There's an appearance of pay-to-play," said Steven Robert Allen, executive director of Common Cause New Mexico, a public-interest organization.
"Whether there's a quid pro quo or not, it raises questions in people's minds, and that's not good for a democracy to have those sorts of questions being raised about the most powerful elected official in our state."
Instapundit links. Thanks!
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