{"id":4170,"date":"2009-01-25T23:46:00","date_gmt":"2009-01-26T05:46:00","guid":{"rendered":"http:\/\/www.nmpolitics.net\/index\/2009\/01\/articles-delve-further-into-gripgate\/"},"modified":"2009-01-25T23:46:00","modified_gmt":"2009-01-26T05:46:00","slug":"articles-delve-further-into-gripgate","status":"publish","type":"post","link":"https:\/\/nmpolitics.net\/index\/2009\/01\/articles-delve-further-into-gripgate\/","title":{"rendered":"Articles delve further into GRIPgate"},"content":{"rendered":"

Several news articles from the last few days shed new light on the pay-to-play allegations swirling around Gov. Bill Richardson\u2019s<\/a> administration.<\/p>\n

The first, from Bloomberg<\/a>, reveals that the federal grand jury investigating the allegations issued a subpoena on Sept. 22 of last year to the governor\u2019s office seeking communication between the governor\u2019s office and companies tied to the investigation.<\/p>\n

It\u2019s no surprise that the subpoena was issued. What is interesting is that it was done in September. It wasn\u2019t until December that Bloomberg became the first<\/a> to report publicly that what had initially been an FBI investigation had grown into a more serious grand jury probe, but the new article reveals that the grand jury had already been investigating for months at that point.<\/p>\n

The second article, from The Associated Press<\/a>, reports that New Mexico has had to come up with $16 million in collateral to cover a drop in value of the \u201ccomplex financial transactions at the heart of\u201d the federal probe.<\/p>\n

\u201cThe unexpected need to post the money has the New Mexico Finance Authority questioning whether it received adequate guidance from outside advisers in assembling a complex transportation bond financing plan in 2004 for the Richardson administration,\u201d the article states.<\/p>\n

Among those advisers? CDR Financial Products, the company at the center of the grand jury probe, of course.<\/p>\n

The last is an Albuquerque Journal article<\/a> that probes the lost luster surrounding the complex financial transactions that were once touted, according to the newspaper, as \u201ca state-of-the-art financing tool that would help New Mexico stretch its highway improvement dollars.\u201d<\/p>\n

Each article is worth a read when you get a chance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Several news articles from the last few days shed new light on the pay-to-play allegations swirling around Gov. Bill Richardson\u2019s administration. The first, from Bloomberg, reveals that the federal grand jury investigating the allegations issued a subpoena on Sept. 22 of last year to the governor\u2019s office seeking communication between the governor\u2019s office and companies […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4170","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/4170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/comments?post=4170"}],"version-history":[{"count":0,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/4170\/revisions"}],"wp:attachment":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/media?parent=4170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/categories?post=4170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/tags?post=4170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}