If you are not redirected automatically, follow at http://95percent.blogs.vcstar.com/

The multimillion-dollar question in governor's race

Share: Share on Facebook submit to reddit StumbleUpon Toolbar

In politics, timing is everything, and for billionaire GOP gubernatorial candidate Meg Whitman, the timing of the Security Exchange Commission's fraud charges against Goldman Sachs and this week's high-profile congressional hearing featuring company executives couldn't be worse.

Just as she appeared close to wrapping up the Republican nomination, a new vulnerability has been exposed: Whitman once served on the board of directors of Goldman Sachs and, while CEO of eBay, received preferential treatment in getting access to initial offerings of stock, which can and were quickly resold at significant profits. The company gave such preferential treatment to executives at companies, such as eBay, that gave them business. The practice, known as spinning, has since been outlawed.

Whitman, reacting to the crisis, told the Associated Press that she now regrets having participated in the spinning and that serving on the Goldman Sachs board was, for her, "not a good fit."

All this opens a huge window for Whitman's primary opponent, Insurance Commissioner Steve Poizner. Poizner's television advertising attacking Whitman as a phony conservative has already chipped into Whitman's once-overwhelming lead. The question now is whether he will launch ads focusing on Whitman's Goldman Sachs connections.

The Poizner campaign today issued a "research briefing" on the issue, under the headline "It's too late to apologize."

Democrats have already attacked Whitman on the issue in their statements and on various Internet sites, but they know that there's only one person who has the resources and the motivation to take the attack to the television airwaves at the moment, and that's Poizner.

Democrats fear that Poizner's commercials to date have done nothing to hurt -- and have perhaps helped -- Whitman in the general election. His attacks thus far have been designed to appeal to conservative Republican primary voters who are going to vote for the GOP candidate in November no matter what. When Poizner's ads tell viewers, for instance, that Whitman has the same position on immigration reform as President Obama, that may upset some conservatives but it probably helps her standing with independent and Latino voters.

But if Poizner decides to attack Whitman on her Wall Street and Goldman Sachs connections, that would be a different story. In that event, win or lose, Poizner will have done Democrats a favor by advancing the same narrative they're sure to use against Whitman in the fall if she is the GOP nominee.

No TrackBacks

TrackBack URL: http://blogs.venturacountystar.com/cgi-bin/mt/mt-tb.cgi/41643

4 Comments

And what is this? Something actually worth reading. Thanks.

"Wow, right currently gold goes all the way down to 1096 bucks. I hope Mike is not irritated by shoppers calls..."

hm, understand:)

M88 Various countries have totally accepted bingo.
These are most of the nations all over the world that have designed a
big economic industry through playing. Then further countries which have prohibited it and get had way
too many boundaries close to the idea. And here , many individuals knowledge M88 Vietnam has decreased.
They get not used the opportunity in m88 online gambling fully nonetheless taking money opportunities because of it out time.
Some individuals may sense that this can be a m88 great thing, yet from an monetary view it is often a inadequate challenge

The actual arguments versus gambling online involve the particular problem
of integrated the actual squad. Because it is simple that will put money shared you don't need to
desire to wrong personal getting upon m88 the laptop or computer and putting dollars around.

They could easily waste materials their own as well as somebody else's life pocketbook using the click of your
mouse button. For this specific goal it is necessary for just about any country
to obtain regulations and as well safe protects against minors getting on
top these m88 gambling online sites. They only don't have on the life emotional baggage that are crucial to face the
proper decisions with the types of details

Females stress about in your mind differently abled individuals joining
these types of on the web m88 casinos. Sometimes they can n't have the information necessary to take pleasure in gambling and could
enter difficulties. This is dangerous as well as precautions should be taken whenever
a region acadamies m88 bingo towards that will

Leave a comment

95 percent accurate
Over the last 25 presidential elections, Ventura County voters have backed the winner 24 times, or over 95 percent of the time. It is one of only a handful of counties in the nation that has been such a predictable bellwether.
about Timm Herdt
Timm Herdt
The Ventura County Star's Sacramento Bureau Chief Timm Herdt on state issues and politics from Sacramento to Ventura County. He can be contacted at therdt@vcstar.com
Links
  • m88: M88 Various countries have totally accepted bingo. These are most read more
  • Georgia Yanagawa: hm, understand:) read more
  • gold investing Geoff: "Wow, right currently gold goes all the way down to read more
  • Augustine Kamal: And what is this? Something actually worth reading. Thanks. read more