The New Mexico Independent

Top Stories

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

jobs-80
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 New Mexico Finance Authority

Guv’s office keeps secretive about possible subpoena

By | 12.23.09 | 12:02 pm

Gov. Bill Richardson’s office is being secretive … again.

According to a story in the Albuquerque Journal today by Mike Gallagher, the governor’s office won’t even say whether it has received subpoenas from a federal grand jury or…

State agency’s decision a victory for openness in government

By | 11.18.09 | 1:59 pm

A local organization that works for more openness in government is claiming victory after a state agency decided Tuesday to publicly release documents that had been sought for months by the media.

Twitter comes of age in Tehran — and Santa Fe

By | 06.17.09 | 6:23 am

twitter-artIf you think Twitter is just a way for American techno geeks to navel gaze, how mistaken you are.

Watching protesters in Tehran use Twitter and other social networking services to tap out messages and share photos of

NMFA chairman says feds asked the agency not to release subpoena

By | 06.12.09 | 1:42 pm

So far the New Mexico Finance Authority has refused to make public the subpoena the agency has received from federal prosecutors as part of an ongoing federal investigation into allegations of pay-to-play government.

N.M. Finance Authority aims to recover millions lost in GRIPgate scandal

By | 06.11.09 | 1:01 am

The New Mexico Finance Authority has asked the office of Attorney General Gary King to look into trying to recover millions of dollars lost in a deal at the center of a federal pay-to-play investigation, the authority’s chairman said yesterday.

NMFA chairman cites agency counsel as source that FBI phase of GRIPgate investigation is over

By | 06.10.09 | 4:21 pm

So how does Stephen Flance, the chairman of the New Mexico Finance Authority, know that the FBI has completed its investigation into pay-to-play allegations involving one of the state agency’s deals?

Flance told state lawmakers that the FBI had…

NMFA chair: CDR investigation is over, now with U.S. Attorney General

By | 06.10.09 | 1:55 pm

The chairman of the state agency at the center of a federal investigation into pay-to-play allegations against Gov. Bill Richardson’s administration said today that the investigation is complete and has been forwarded to the office of U.S. Attorney General Eric Holder.

Richardson’s office releases subpoena, NMFA doesn’t

By | 02.10.09 | 10:00 am

The New Mexico Finance Authority is refusing to release any subpoenas it has received as part of a federal corruption investigation looking into the Richardson administration. But Richardson’s office is releasing such documents in response to requests made under the state’s Inspection of Public Records Act.

CDR mystery deepens with Sunday Albuquerque Journal article

By | 02.09.09 | 7:13 am

“Don’t ask me.”

That’s what Joe Gosline said he was told when he inquired in 2004 about how CDR Financial Services went from scoring in the lower half of a group of companies that bid on a lucrative state bond contract to being recommended for the job, according to a weekend article in the Albuquerque Journal.

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.

New Mexico Finance Authority boss is unclear if CDR Financial was the state’s adviser

By | 01.26.09 | 9:16 am

You know those financial deals — called interest-rate swaps — that CDR Financial put together for the New Mexico Finance Authority as an adviser on the GRIP project? (These are deals that are part of the focus of an ongoing…

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…

Understanding the GRIPgate scandal

By | 01.15.09 | 1:55 pm

Investigators want to know if Richardson administration doled out investment consulting fees (“play”) in return for political contributions (“pay”). What New Mexico taxpayers need to know is, did insiders game the process to benefit themselves with the public’s money?

Company at the center of federal investigation didn’t rank highest among bidders

By | 01.07.09 | 7:02 am

CDR Financial Products is the company at the center of the investigation involving Gov. Bill Richardson and the New Mexico Finance Authority.

As we’ve mentioned, CDR received a lucrative contract with NMFA, despite the fact that it did not rank…