( GOP) State senator works for raided brokerage (Stanford)

[Robbien]

Source: The Tennessean

The chairman of the Tennessee Senate's commerce committee says he has not been accused of any wrongdoing after federal agents raided the Memphis brokerage where he works.

Sen. Paul Stanley, a wealth manager for broker-dealer Stanford Group Co., said his assistant called him Tuesday morning to tell him federal agents were searching the offices.

"I have no knowledge of this," the Germantown Republican said in his legislative office. "I don't think any of my colleagues that were around me, that do what I do, were involved in anything."

The search came the same day the Securities and Exchange Commission filed a federal lawsuit in Dallas alleging fraud by the company's owner, Texas financier R. Allen Stanford, and by two executives who had offices in Memphis and Tupelo, Miss.

Stanley, 46, has been with the Stanford Group for more than three years and said he has between 40 and 50 clients. He said he planned to return to Memphis by today. "I want to take care of my clients, make sure they're OK," he said. "I don't know what's going to happen. It certainly doesn't look good to me, doesn't feel good."



Read more: http://www.tennessean.com/article/20090218/BUSINESS01/902180411/1003/BUSINESS

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Both the Politico and ABC news are pushing the idea that Stanford supports Dems and downplays Stanford supported GOPers also. Not only does Stanford supports GOPers, this GOPer actually reels in suckers to be fleeced by Stanford.

[Phoenix-Risen]

1. Huffington is pushing it too

This guy is filth and he spread it around


http://www.huffingtonpost.com/2009/02/18/nancy-pelosi-bill-clinton_n_168047.html

Stanford's whereabouts are unknown and U.S. Marshals say they are searching for him.

Over the last decade, Stanford has spent more than $7 million on lobbyists and campaign contributions to Washington politics in both parties, although the vast majority of the money has gone to Democrats.

[Robbien]

3. There are articles about the GOP getting money

on blogs, but the MSM is emphasizing Dems receiving money.

Here is post on a Pay for Play where Stanford paid a GOPer to kill a bill which would have helped stop the kind of fraud Stanford pushed.

The Stanford Financial Group hired its first Washington lobbyists in 1999, at the time the anti-money laundering drive was gathering steam. And the company quickly learned how to cultivate pull in the Capitol -- between July 2000 and July 2001, Stanford and his employees doled out $448,000 in "soft money" contributions to senior lawmakers in both parties, according to a report by watchdog group Public Citizen.

Among the lawmakers benefiting from Stanford's largesse was Senate Banking Committee Chairman Phil Gramm (R-TX), who let a House-passed money laundering bill die a quiet death in his panel in the last months of the Clinton administration.

According to Public Citizen's report, "Gramm later publicly boasted to a group of bankers that 'I killed the administration's anti-money-laundering legislation.'" But Stanford's attention was by no means limited to Republicans, who happened to control the Senate at the time.

http://tpmdc.talkingpointsmemo.com/2009/02/mr-stanford-goes-to-washington-part-one.php

Of course the MSM is not interested in this type of thing, as it is not interested in a GOPer State Senator actually working for Stanford in the fraud game.

[bemildred]

2. Is a "wealth manager" anything like a "bullshit dispenser"? nt