Detailed text transcripts for TV channel - MSNBC - 20130721:13:25:00
To win those contracts some bond contractors threw money at incumbents. one of these pay to play scandals involved the governor of new jersey back in 1993, jim florio, his chief of staff also ran, you guess it, a bond business. so a year later in 1994 the s.e.c. issued tough new rules to clamp down on corruption. bond dealers and any of their employees working to secure government bond deals now had a cap. ranging no higher than $250 on how much they could donate in races where the winner could influence bond dealers. bond dealers caught broking the deal were banned from doing business for two...
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