Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Patrick says he erred in call to firm. Effort to aid lender shakes supporters.

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Places » Massachusetts Donate to DU
 
Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-07-07 10:46 AM
Original message
Patrick says he erred in call to firm. Effort to aid lender shakes supporters.
By Frank Phillips, Globe Staff | March 7, 2007

Facing an uproar that is shaking even his own supporters, Governor Deval Patrick said yesterday that he made a mistake when he called a top executive at Citigroup, which has operations that are regulated by the state, to vouch for a controversial lending firm.

"I regret the mistake," Patrick said in a statement issued late yesterday, his second public mea culpa in two weeks over politically sensitive errors in judgment.

Two weeks ago, Patrick placed a call to former US Treasury secretary Robert E. Rubin, now a top executive at Citigroup, interceding on behalf of owners of Ameriquest Mortgage, which was seeking urgent financial assistance from the giant firm. When questioned by the Globe late Friday, Patrick defended the call, saying that he was not acting in his role as governor and that he simply offered a reference at the request of a top official at ACC Capital Holdings, which owns Ameriquest and other financial firms.

In yesterday's statement, Patrick backed down from his adamant stance that the call was appropriate, but reiterated that he was not compensated by the owners of Ameriquest Mortgage and does not have a financial interest in the company.

More:
http://www.boston.com/news/local/massachusetts/articles/2007/03/07/patrick_says_he_erred_in_call_to_firm/?rss_id=Boston+Globe+--+City%2FRegion+News

How unfortunate that we Democrats can't be more like the Republickers, who would just blindly support their candidate no matter what they did. If Deval Patrick were a Republicker, they would support him even if he invaded Rhode Island based upon cherry-picked intelligence claiming they had souped-up Cameros of Mass Disruption.


Refresh | 0 Recommendations Printer Friendly | Permalink | Reply | Top
thoughtanarchist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-07-07 11:04 AM
Response to Original message
1. This is what cons expect from their representatives.
Corporate favoritism.

Patrick, however, is more of an enigma. On the one hand he provides a reference -- from his office -- for a corp on whose board he sat, on the other he moves to close corporate tax loopholes.

Considering that any republic governor would do the former but not the latter, I'm still prepared to give Patrick the benefit of the doubt until I start seeing policies (not personal behavior, but bona-fide policies) that run counter to the populist message he ran on.
Printer Friendly | Permalink | Reply | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu May 02nd 2024, 07:57 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Places » Massachusetts Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC