The details of the following article leads me to the startling conclusion that political corruption is not limited to Chicago and Los Angeles:
http://www.nytimes.com/2009/03/21/nyregion/21rangel.html?ref=business
Lets follow the money flow:
1. Representative Charles B. Rangel Chairman of the House Ways and Means Committee has received $110,000 in campaign donations from A.I.G.
2. For decades, Mr. Rangel has been a close friend of Maurice R. Greenberg, the chief executive of A.I.G. until 2005, and until recently one of the company’s biggest shareholders. Mr. Greenberg has sponsored fund-raisers on Mr. Rangel’s behalf, and in 2007, a foundation controlled by Mr. Greenberg gave $5 million to the school, the Charles B. Rangel Center for Public Service at the City College of New York.
3. As recently as last year, Mr. Rangel was trying to woo the company to donate $10 million to the Charles B. Rangel Center for Public Service at the City College of New York (named in his honor). And while A.I.G. officials mulled the request, Mr. Rangel supported a provision in a tax bill that saved the company millions of dollars.
For more on Charles B. Rangel see the following website:
http://www.nlpc.org/
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