Former RNC Finance Chair Given Minimum Sentence

Former Republican National Committee Finance Chair Elliott Broidy has been sentenced to the “minimum” allowed by the State of New York for his involvement in a pay-for-play scandal centering on New York State Comptroller Alan Hevesi. Hevesi took gifts from high-level financial folks who wanted to do business with the state pension fund. Broidy’s involvement in the Hevesi case helped bring all criminality “to the full light of day,” according to the Court.

Broidy has also signed a restitution check for $18 million, far more than he “personally received,” according to Judge Lewis Bart Stone. Broidy received testimonials from top public figures including former New York Gov. George Pataki.

Broidy served on the US Homeland Security Advisory Council under Michael Chertoff, as well as the Future of Terrorism Task Force and New Technology Task Force. He has also sat on the board of the Los Angeles Fire and Police Pension Fund, the Kennedy Center, and the Simon Wiesenthal center.



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“Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman Ben S. Bernanke yesterday said a premature withdrawal of quantitative easing would put the U.S. economic recovery at risk,” Jonathan Burgos reports. What does this say about the US and, in particular, the policies of the Federal Open Market Committee, which are pretty much identical?

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