Tuesday, December 9, 2008

Bank of America Does Not Look Too Bad After All: Illinois Governor Tries to Sell Obama's Senate Seat

Yesterday, Illinois Senator Rob Blagojevich threatened to ban Bank of America from conducting business with the State of Illinois unless it reinstated credit for Republic Windows and Doors, an insolvent company at the center of a labor dispute. I wondered whether the governor's action was too heavy handed and even legal. Today, CBS News reports that he was arrested for various acts of corruption, including attempting to profit from his authority to name a person to take over Obama's vacant Senate seat. I will not comment further because I believe in the presumption of innocence.


Aeneas said...

Presumption of innocence? Mwahahahaha. Ladies and gentlemen of the jury--let the governor speak for himself. And in this case, he may use his favorite word. The one that starts with an f.

Why this does not surprise me?

Darren Lenard Hutchinson said...

Aeneas - If this surprised you, I'd be surprised!

As for the presumption of innocence, I still believe in it! Besides, I did not want to just pile on more shame.

I can say, however, that I am happy that I did not join the liberal bandwagon and congratulate him for his pretty obnoxious move to ban Bank of America on his own without any deliberation from doing business with the State of Illinois. Maybe BOA wouldn't give him any "f__" money either. His take on this sounded like an abuse of discretion and a due process violation (depending on the extent of BOA's involvement with the state). The very next day, we get a little bit of information about how abusive of discretion and authority he is!

Anonymous said...

In all Bank of America has alot to answer for. They do not even answer to the court when they have been issued subpoena's they are at the top of the list for allowing identity theft. We wonder why the economy is in the shape its in....Bank of America has a huge part in this...and yet we bail them out?

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