Thursday, December 18, 2003

What can you learn from Illinois politics?

Government & politics pays.

No, its not about selfless public service. It is about power and the money that flows from that power.

Its true in Wisconsin too. Citicorp just got a bond deal for one of its affiliates. The rumor is: John Walsh a relative of David Walsh (Doyle advisor) is at Smith Barney. A little elbow grease and voila! Big deal done!

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"The bonds listed below are municipal issues that include negotiated offerings in which we will serve as a senior or co-manager"
Wisconsin $850 million.
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Ironically, Michael Bright, who had little (nothing) to do with getting the deal, has possibly (apparently?) pulled in a new-house level payout from the public finance arm for 'getting this done'.

Of course this is all just a laughably humorous rumor on an anonymous blog so there is nothing to it. Go on about your business.

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