Monday, July 27, 2009AG Holder On Hold: NM Fed Indictments Or Not? Plus: The Econ Beat: Sally Mayer's Credit Crunch & More Lab Layoffs, Also: Something New: "The Why File"
AG Holder & Fouratt
![]() ![]() It was GRIP bonds sold over five years ago with the aid of California financial firm CDR that brought the statue into play. Insiders said an extension was agreed to by potential defendants (Our complete May 4 coverage is here). Now that that extension has apparenlty expired a whole new round of questions has been sparked by this story that is having a major impact on the shape of the 2010 election, as well as the perception of New Mexico around the nation. And those questions are: Have indictments been issued, but remain sealed? Has yet another extension of the grand jury probe--this one for perhaps a month or so--been engineered? Or is it all over? Has the probe that started a year ago last August sputtered to an end and temporary US Attorney Greg Fouratt come up empty-handed? Top Big Bill aides Dave Contarino and David Harris are the most frequently mentioned potential indictment targets, but even an indictment of the Governor has been the subject of speculation. A state official recently confirmed that the CDR case was on the desk of US Attorney General Eric Holder awaiting his assessment. That would seem to indicate that the grand jury probe into the CDR matter is complete, and no further grand jury extension was given. But who knows? To do their jobs, Mr. Fouratt and AG Holder want (and need) to be oblivious to the political implications. No one wants to discourage the weeding out of wrongdoing. But if the decision on where to go from here is indeed on the desk of Mr. Holder, isn't it time to act on CDR? Remember, this case is just the beginning. Even after CDR is acted on, there are other federal investigations into possible campaign pay-to-play schemes to complete. Our state motto is "It Grows As It Goes." But we aren't going anywhere until the plodding pace of justice picks up some speed.
SALLY'S CREDIT CRUNCH Sally Mayer ![]() Mayer said she continues to job hunt but it's not easy. I reminded her ABQ can be a tough place to find a job, reminiscing that former ABQ Mayor Harry Kinney, an engineer by training, resorted to driving a cab when he left City Hall. Sally said cab driving is not in her future. "My kids don't think that's a good idea," she told me. Mayer is seeking her third term to her NE Heights council seat and is opposed by fellow Republican and financial planner Mike Cook. The district includes the upscale Uptown shopping center that houses stores like the Pottery Barn and Williams-Sonoma, places that Sally won't be seeing the inside of until she pays off her bills. But judging by the traffic in most retail stopes these days, she has a lot of company. THE ECON BEAT ![]() SOC Los Alamos, the company that provides uniformed protective force services to Los Alamos National Laboratory, is executing workforce restructuring as a result of a reduction in funding, according to a company e-mail forwarded by SOC General Manager Ken Freeman... Sandia Labs recently announced layoffs of 25 of its specialized security force and earlier laid off 100 highly trained machinists. The union says Lab contractor Lockheed-Martin is outsourcing those union machinist jobs. The ripple effect of these layoffs among the well-paid will hit in the months ahead in real estate and retail. Sandia says it will try find other positions for the newly jobless, but admits there is no guarantee that jobs will be found or, if they are, that pay would be comparable. MORE ECON BEAT New Mexico's large arts community is holding on and hoping for a bounce, but it hasn't come yet--here or elsewhere. From The AP: DI IN LOS ALAMOS She says: “To date I’m the only declared candidate (Democrat) and I’d like to keep it that way...." The only other possible 2010 Dem Guv nominee to surface is State Senate Majority Leader Michael Sanchez who in late May formed an exploratory committee, but has not been heard from since. That brought this from an ABQ South Valley Senior Alligator: Michael Sánchez' exploratory committee went into the woods, got lost, and will never be seen again. Maybe that riposte will get him out of the woods. THE WHY FILE ![]() Have something for the why file? Email it in. In fact... E-mail in all your news tips and comments. (c)NM POLITICS WITH JOE MONAHAN 2009 Not for reproduction without permission of the author |
![]() ![]() ![]() |