Peoria Housing Scandal
ArchPundit
Bill is doing a bang up job covering it–essentially the Housing Authority got in bed with predatory lenders.
2006
Worst Story of the Day for the Guv and Alexi
Rezko partnership files bankruptcy after loan from Broadway Bank.
Leaving the Mess for the Next Guy
We’ll see how close the story is to the plan, but this stuck out at me:
Schools would get at least $1?billion a year for the next four years from such a deal, with the remaining $6?billion going into an education trust fund governed by a board appointed by the four legislative leaders, governor, comptroller and treasurer, according to a Democratic source briefed on Blagojevich’s proposal late Monday.
Madigan should oppose this point simply to save Lisa the headache. It’s again a revenue stream that ends after a set amount of time while the asset isn’t available for 6 more years. While we are still speculating on the total plan, it’s worse than that–nearly $650 million a year goes to education (if one doesn’t count the displacement effect) so the net gain in the first four years is $350 million/year. What happens in year 5 if the other $6 billion is not distributed?
Strip Jefferson of his Committee Assignments
Over at Kos, they are suggesting William Jefferson be asked to resign–something the leadership cannot force–instead Dems should strip him of his committee memberships making life very tough.
Clout List
Rich has the Clout List in it’s entirety.
That’s the Blagojevich list since there are so many floating around anymore.
Collateral Damage
For those who listened in to Collateral Damage last night, here is the article on Peter ‘the undercover homosexual lifestyle investigator? Labarbera You can also search for his name over at the ArchPundit side and find plenty of fun material. The General picked up on him recently as well.
You can stream the show here whenever the new episode goes up.
Gianoulis Deathwatch Day 27
While I haven’t been linking to all of the stories on Alexi, they continue with some regularity…
Today’s, via Rich, Local loan to accused felons linked to treasurer candidate
A Chicago bank owned by Democratic state treasurer candidate Alexi Giannoulias and his family loaned more than $20 million to firms controlled by two local developers who are awaiting trial on federal money laundering charges.
Boris Stratievsky, 44, and Lev Stratievsky, 67, who were arrested last June and charged with money laundering and forgery, obtained six mortgage loans from Broadway Bank between 2001 and 2005 to finance real estate purchases in Chicago, Buffalo Grove and Wheeling, according to county records.
Obviously, Alexi didn’t spend money doing oppo on himself and is now paying the price. My only complaint is couldn’t the folks in the primary who started this have made it all come out early?
Alexi may stay on the ballot, but his candidacy is doomed. It’s another example of why unexperienced rich guys aren’t qualified for high office just because they are rich.
Another Corner Turned
One has to wonder if George Bush is, as George Carlin described it, leaving his left blinker on and circling the world to the left.
New Meme: Net Neutrality Will Kidnap and Rape Children
Coming to the IFI any minute.