The New Mexico Independent

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The New Mexico Independent going forward

By | 11.16.11

I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…

EIB hears more anti-cap-and-trade testimony

Mesa Verde 80
By | 11.10.11

While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…

New Mexico’s largest university low in popularity

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By | 11.10.11

Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.

Posts Tagged CDR Financial Products

Bloomberg story sheds light on CDR, Housing Authority

By | 11.02.09 | 10:41 am

“Vincent ‘Smiley’ Gallegos, who ran a state housing agency out of an office next to a used-car lot in Albuquerque, New Mexico, should have known better when he borrowed $27.7 million, the Internal Revenue Service said.”

So begins the

Career prosecutors thought Richardson indictment was ‘not warranted,’ WaPo reports

By | 08.27.09 | 4:12 pm

“Career prosecutors concluded that an indictment was not warranted,” after federal prosecutors in New Mexico sent their findings in the Richardson pay to play probe to Washington, D.C., the The Washington Post reports today.

A connection between Richardson, CDR and Blago?

By | 04.24.09 | 1:07 pm

The media has already reported on one connection between New Mexico Gov. Bill Richardson and the scandal-plagued former governor of Illinois, Rod Blagojevich: Richardson’s re-election campaign gave $20,000 to the campaign of Blagojevich in 2006.

State agency won’t release GRIPgate records

By | 02.04.09 | 11:00 am

Though at least two other state agencies have publicly released similar documents, the New Mexico Finance Authority is refusing to hand over subpoenas it has been issued in the federal investigation into allegations of pay-to-play in the Richardson administration.

TODAY’S TOP STORIES: Five years after the fact, agency at heart of federal inquiry wonders if it got good advice

By | 01.23.09 | 8:31 am

The New Mexico Finance Authority is putting up $16 million of collateral on complex financial transactions at the heart of a federal probe into an alleged pay-to-play scheme, The Associated Press reports. And officials are now wondering if the…

Friends of Bill find it pays to play

By | 01.12.09 | 11:15 am

Two of Gov. Bill Richardson’s longtime friends and advisers made headlines last week amid revelations that a federal probe into allegations of pay-to-play politics may reach all the way to the governor’s office. But the bigger story is New Mexico’s chummy political culture in which friendship with the governor and state business can become intertwined.

David Rubin and CDR spread the love (i.e. money) around, report says

By | 01.09.09 | 11:16 am

Contributions from CDR Financial Products and its owner to Gov. Bill Richardson have grabbed the most headlines in recent days. But a new report (pdf) from the National Institute on Money in State Politics shows that CDR and owner…

Did New Mexico overpay for CDR’s services?

By | 01.08.09 | 1:26 pm

It has been suggested in a news report that New Mexico overpaid CDR Financial Products Inc. for its services on complex financial transactions.

How CDR came by the work it did for the state, as many know by now,…

Feds are also looking at University of New Mexico bond sale

By | 01.07.09 | 10:42 am

In addition to the inquiry into the state’s financial dealings with CDR Financial Products, the feds, it turns out, are also looking into a 2002 bond sale by the University of New Mexico.

Steve Terrell of The Santa Fe…

Reasons for Gov. Richardson’s exit raises questions

By | 01.06.09 | 11:31 am

Gov. Bill Richardson, the first casualty of President-elect Barack Obama’s transition, walked a familiar path Monday when he gave New Mexico media little notice for a hastily called press conference. But instead of a revelation, or even a bit of news, the reporters gathered had expected, they were served up a heap of warmed-over, day-old news. To an outsider Richardson’s performance might seem strange. But for media who have reported on the investigation, it came as no surprise.

TODAY’S TOP STORIES: The blame game heats up over Richardson’s withdrawal

By | 01.06.09 | 8:48 am

The Obama and Richardson camps are upping the ante in the blame game over the federal investigation that deep-sixed the New Mexico governor’s Cabinet nomination, the Washington Post reports.

One aide to Bill Richardson goes so far as to tell…