Monday, August 08, 2005

The Corzine loan thing.......

NOT JUST A PRETTY FACE

Not much new info here but one line did stick out to me.

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In December 2004 — months after he and Katz split up, and just before he announced his gubernatorial run — the senator, whose wealth is estimated between $85.8 million and $261.5 million, forgave the loan.

Katz — whose annual CWA salary is $99,950 — couldn't afford to repay him, said Corzine.


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Why would you give a loan of that size to someone if you knew they couldn't repay it?