Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Christie Crime Digest-Vol. I [View all]Laxman
(2,419 posts)254. I Guess I Should Consider....
donating some money to the Republican Governor's Association. It seems like an investment that really produces great returns!
N.J. sells controversial pension investment in fund tied to Massachusetts Republican candidate, report says
The agency that invests New Jersey's pension money has sold its stake in a fund with ties to a Massachusetts gubernatorial candidate who gave money to New Jersey Republicans, according to a report.
The Department of Treasury has been reviewing whether New Jersey's $15 million investment in a venture capital fund managed by General Catalyst violated the state's pay-to-play law because its "executive-in-residence," Massachusetts Republican gubernatorial candidate Charlie Baker, had donated $10,000 in 2011 to the Republican State Committee, months before the state invested the money.
Now, Fortune, citing a source, reports that the state Division of Investment has sold the stake anyway for a profit of about 1.5 times the cost.
According to the report, the Department of Treasury has not yet said whether the investment violated the state¹s pay-to-play law, which is designed to limit the influence of public contractors on politicians.
The agency that invests New Jersey's pension money has sold its stake in a fund with ties to a Massachusetts gubernatorial candidate who gave money to New Jersey Republicans, according to a report.
The Department of Treasury has been reviewing whether New Jersey's $15 million investment in a venture capital fund managed by General Catalyst violated the state's pay-to-play law because its "executive-in-residence," Massachusetts Republican gubernatorial candidate Charlie Baker, had donated $10,000 in 2011 to the Republican State Committee, months before the state invested the money.
Now, Fortune, citing a source, reports that the state Division of Investment has sold the stake anyway for a profit of about 1.5 times the cost.
According to the report, the Department of Treasury has not yet said whether the investment violated the state¹s pay-to-play law, which is designed to limit the influence of public contractors on politicians.
Read it here:http://www.nj.com/politics/index.ssf/2014/09/nj_sells_controversial_pension_investment_in_firm_tied_to_massachusetts_republican_candidate_report.html#incart_m-rpt-1
Edit history
Please sign in to view edit histories.
306 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Let us not forget the DMV in Elizabeth. I'm still "sauced" over that one..LOL...n/t
monmouth3
Jan 2014
#7
Is it your prediction that Christie will be charged with a crime or crimes?
Exciting Trip
Jan 2014
#48
Since I believe that it's DOING something criminal that makes you a criminal
rocktivity
Jan 2014
#50
For the record, I think he should be charged and am cautiously optimistic that he will be
rocktivity
Jan 2014
#54
The New Brunswick apartment tower that got $4.8 million in Sandy relief funds
LiberalEsto
Jan 2014
#65
Next time you write a post like this, put it in its own OP, please , so more people can see it.
pnwmom
Feb 2014
#89
Christie begins an "internal investigation" though he's his own prime suspect
rocktivity
Feb 2014
#94
Christie's problem being, of course, is that Samson reports to him directly
rocktivity
Mar 2014
#130
Christie administration broke law in ignoring greenhouse gas rules, court says
rocktivity
Mar 2014
#162
New York Prosecutors Open Another Front of Scrutiny for Port Authority!
yortsed snacilbuper
Apr 2014
#203
"kicked $10,000 of it right back to the Republican Governor's Association?"
yortsed snacilbuper
Apr 2014
#213
GWB inquiry expands scope, subpoenas files from Christie political strategist!
yortsed snacilbuper
May 2014
#223
Christie and Wrestler "The Rock" Star in Online Pension Reform Video (For Seven Hours)
rocktivity
Jul 2014
#235
U.S. Attorney Fishman: Reports about Bridgegate investigation 'Almost entirely incorrect'
rocktivity
Jul 2014
#238
Gov. Christie Shifted Pension Cash to Wall Street, Costing New Jersey Taxpayers $3.8 Billion
rocktivity
Aug 2014
#241
...After Illinois declared the first privately run U.S. state lottery a failure
rocktivity
Dec 2014
#298