The Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. have over the past 2 1/2 years received taxpayer-financed contracts to help manage the sale of more than $3 billion worth of bonds for New York state, according to a review of state records by International Business Times. The three banking companies secured this lucrative line of business during the same period they delivered more than $132,000 in campaign contributions to Gov. Andrew Cuomo through political action committees under their corporate control.
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- JPMorgan’s PAC gave Cuomo $15,000 April 10, 2013, and the Cuomo administration announced the firm would serve as an underwriter on a $46 million bond issue May 30, 2013.
- Citigroup's PAC gave Cuomo $15,000 May 1, 2013, and Cuomo officials named the firm an underwriter on a $61 million bond June 19, 2013.
- JPMorgan’s PAC gave Cuomo another $10,000 July 2, 2013, and the Cuomo administration named the firm an underwriter on another $36 million bond in August 2013.
- Bank of America’s PAC gave Cuomo $15,500 July 2, 2014, just after the firm had been named an underwriter on a June 2014 bond. Cuomo’s administration would subsequently name the firm an underwriter on a separate $185 million bond in March 2015.
The contracts to the banks went through a non-competive bidding process.
Can you say cha-chinggg!!!
Sony, News Corporation, REBNY, now the banks - who doesn't Cuomo hit up in the Quid Pro Cuomo game?
I dunno if the feds are looking into any of this stuff, but to be honest, the amount of money Cuomo's taking makes the Skelos stuff look small.
Andy, say it ain't so!
ReplyDeleteBest news all week!
ReplyDeleteCuomo gives a new meaning to "pay to play".
ReplyDeleteThe master of political prostitution...but instead of selling his own services, he bargains the hard-earned money of the people of New York.
Just think what a $10,000 to $15,000 "contribution" can get...a financial run over the state of New York.
If the prosecutors were able to arrest Silver and Skelos...just wait until the breaking news against Cuomo comes out. At this point, it's not about what can they get Cuomo on...I'm sure right now they are just piecing the political stench of his criminality together and fine tuning the charges.
A man who has sold his soul not to he highest bidder, but to anyone and everyone willing to grease his slimy hands.
Again: Out with the Friday trash and (currently Saturday morning) nowhere to be found in the NYC rags the next day. The second week IN a row. My thoughts are turning to the possibility that the majority of New Yorkers may not learn about this (and its a CLEAR violation of federal law!).
ReplyDeleteJust put together a post listing Cuomo fishiness:
Deletehttp://perdidostreetschool.blogspot.com/2015/05/lets-list-quid-pro-cuomo-deals.html
See if you can think of any that I missed. I'm sure there's plenty.