Monday, March 22, 2010

Cahill and friends

According to the Globe, Tim Cahill, our State Treasurer, in 2002, 03, and 05 collected more than 100,000 dollars in campaign contributions from lawyers, property managers and real estate concerns, not from Massachusetts. The Globe uncovered that one man, Michael Ruane, a Boston Investment manager for TA Associates, who was allotted 500 million in state funds to invest since 2003, was getting these out of state companies to give to Cahill.

While not illegal, it sure does look unethical and appears to be a conflict of interest. Keep in mind, TA Associates has collected 34 million dollars in fees managing the 500 million in investments, chaired by Tim Cahill.

Another insider, gaming the system to his own benefit. What a shame.

2 Comments:

At March 22, 2010 at 12:15 PM , Anonymous Anonymous said...

I thought Cahill might actually by the exception to the rule, someone who played by the rules. Guess that was an incorrect assumption on my part. He was pretty quick to dump on Patrick for the cost of the MA health care system not being funded sufficiently, so I would expect that Patrick will find a way to dump on him for this. I don't get why they think that no one will question them on this stuff. So it is not illegal, but is it really something you should be proud of

 
At March 22, 2010 at 1:16 PM , Blogger Jim Pillsbury said...

I was hoping the same Annon... It would be hard to justify voting for the same old system that only works against us at the bottom.

Baker is no different. He's so connected to the Big Dig problems and Health Care in this State, one can expect the very same if he were Governor.

Perhaps a true outsider will make a positive difference.

 

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