Sweetheart deal
Scroll way down to the bottom of this new story to read about governor retread-wannabe John Kitzhaber's "unusual" home mortgage back when he was governor. It came from Goldschmidt crony Jerry Bidwell's stock brokerage firm, which was not a licensed mortgage broker. 100 percent financing, a five-year term, later extended -- and lo and behold, while the loan was still outstanding, Kitz put Bidwell on the Oregon Investment Council, where he could slosh around with Goldschmidt's wife in billions of taxpayer money. (Ironically, Bidwell was apparently a neighbor of Chris Dudley in Camas, Washington around that time.) Meanwhile, there was no disclosure of the mortgage on the governor's official financial disclosure forms filed with the state.
Between Kitz and his campaign manager Patricia McCaig, whom a friend of mine describes as "the daughter of Darth Vader," you'd be hard-pressed to find a less likable campaign. If Dudley becomes the next governor, the Democrats really have no one to blame but themselves.
Comments (16)
In 2001, Ted Kulongoski sat in my living room and moaned that the hardest part of being governor would be "keeping Neil at arms length, because he asks me to do unethical things." We now know that poor Ted never had the backbone to even try. And apparently neither did Kitzhaber.
Posted by Fred Leonhardt | September 22, 2010 9:46 AM
I can't wait to read Carla's extensive expose of this scandal over at BO. (snark)
Why anyone would vote for him again is a mystery to me.
Posted by mp97303 | September 22, 2010 10:25 AM
This story will disappear in a day or two, to make way for an in-depth investigative report about Dudley's recycling habits.
Posted by mk | September 22, 2010 11:00 AM
If Dudley can convincingly demonstrate that as governor he will not get ensnared by or beholden to Goldschmidt and his legion of coatholders throughout Oregon government, that will be reason enough for me to vote for him. It will probably be the only reason, but it will be sufficient.
Posted by Eric | September 22, 2010 11:13 AM
Kitzhaber sounds like he had a friend at the bank.
Isn't that what Sen. Chris Dodd (D. Connecticut) ( then chaorman of the Senate Banking Committee) did with Countrywide?
The major part of the reasons why Dodd decided it wasn't a good idea to run for re election in Connecticut this year.
What oisses me off most about Kitz is that he is till taking every short cut available. That fancy condo in the Pearl has a huge property tax write down and he is currently not paying as much in re taxes to the benefit of PPS Schools, Mult Co. health programs, and even the City of Portland for the Children's Inititive (Saltzman's girlfriends slush fund).
THe hypocracy in Kitzy's ads about Dudley having a house in Washington State 20 years and not paying his "full share" to benefit Oregon kids and health programs back then, when contrasted with what Kitz is doing today is nauseating.
Repugnicans and Demonrats are all the same. The office holders of each party usually sell out the public interest for their personal gain.
At least if we elect Dudley, he'll have to work at it a while to figure out how to feather his nest. Kitzhaber is ain my humble opinion lready a fully trained thief.
Posted by Nonny Mouse | September 22, 2010 11:42 AM
The only reason anyone would attempt to ensnarl Dudley in the Goldshmidt regime is to muddy the waters and give voters a false pretense to vote on.
Dudley has no such entanglement, alliance, or vulnerability to the Goldshmidt/Democrat status quo.
Kitzhaber does, up to his mustache and he'll preserve all of it if elected.
My prediction, Dudley by 13 points and all of the entrenched agency elites, boards and commissions get purged of the Goldshmidt cronies.
Posted by Ben | September 22, 2010 11:50 AM
Funny, no mention of this at the O.
Posted by mp97303 | September 22, 2010 1:36 PM
If it isn't in the Oregonian, it didn't happen.
Posted by Mister Tee | September 22, 2010 5:08 PM
Love and understand the "daughter of Darth Vader" comment.
Posted by Dave | September 22, 2010 7:44 PM
Hmmm. daughter of Darth Vader?
IIRC, that was Princess Leah.
McCaig and Princess Leah?
Doesn't quite fit.
Posted by Nonny Mouse | September 22, 2010 9:21 PM
Kitz has faults, also force, face, and smarts.
duh, Dudley has
nothing.
Neither one is going to build much of anything, because 1) no revenue resources and 2) partisanship civil war cacophony.
duh, Dudley could break or destory more in a minute accidently, than Kitz could steal on purpose ... in a lifetime.
Really, truly, intelligence matters. Some of the biggest crooks are quite intelligent; some of the greatest political leaders are quite intelligent.
Dumbo Bush is quite stupid and caused large damage to America, Americans, and politics and the presidency, the most harm that has ever been done.
duh, Dudley = Dumbo Bush.
You gotta keep a watchful eye of oversight on smart guys.
Dumb guys, like dumb drivers, can kill you no matter how close you watch, no matter how good you behave, no matter how well-intentioned either you or he is.
Don't do something dumb.
Three GOP stooges: Mannix, Sizemore, duh,Dudley. Here they go again.
... is there a 3rd choice on the ballot?
I handicap the race this way: Democratic voters way outnumber Republican voters.
End of story.
IMO
.
.
Posted by Tenskwatawa | September 23, 2010 12:09 AM
http://www.oregonlive.com/politics/index.ssf/2010/09/john_kitzhaber_never_reported.html
The Big O is on the story, with Jeff Manning reporting on this breaking news story. He closes the story with this editorial gem:
"Those who have served on the council might chuckle at the notion that someone was doing them a favor appointing them to the council. It is a voluntary, unpaid position with enormous responsibility, steering the investments of billions of dollars of Oregon public employee retirement money."
No opportunity to pad your resume, or influence investment decisions in your friends favor, or leverage these contacts into more clients/strategy for Bidwell's brokerage firm. Nope, zip, nada. We're lucky ol' Kitz was able to persuade him to serve.
Posted by Mister Tee | September 23, 2010 8:38 AM
Has any reporters, news agencies questioned when the Government Standard & Practice Commission knew about the possibility of this loan? How did Nigel find out about it? If his sources are from government sources or other individuals that should have reported this to the GSP, why wasn't it, and in time to meet statute of limitations? Seems odd how Oregon keeps having reoccurring statute of limitations issues. We need accountability from those that should report these kinds of matters.
Posted by Lee | September 23, 2010 2:38 PM
The Big O is on the story, with Jeff Manning reporting on this breaking news story. He closes the story with this editorial gem:
"Those who have served on the council might chuckle at the notion that someone was doing them a favor appointing them to the council. It is a voluntary, unpaid position with enormous responsibility, steering the investments of billions of dollars of Oregon public employee retirement money."
Funny, Mister Tee, you say Manning closes with that, but in fact you dropped the closing paragraph, in which Manning says a good deal of what you accuse him of not saying:
"Nevertheless, [the council] carries with it an undeniable cachet, particularly for someone in the investment business. And it offers council members regular audiences with the brightest minds in the financial industry."
Posted by Pete | September 24, 2010 5:34 PM
I'm pretty sure that paragraph was added on Thursday, after Mister Tee complained here (and I complained in the comments section of the story on OregonLive). It didn't say that until many hours after the original story was posted.
Posted by Jack Bog | September 24, 2010 6:56 PM
Jack,
You are correct. I cut and paste the closing paragraph just after it was published: it was most certainly the closing paragraph.
Less than one hour later, they added the new closing paragraph. Given the timing, I can't help but wonder if Manning didn't read my comments here. Perhaps he simply realized that being appointed to a position which administers $50 billion in assets might benefit a stockbroker.
Posted by Mister Tee | September 27, 2010 12:18 PM