Sarlo says no to hearings on Lehman Three
By Wally EdgeCiting a lack of time, Senate Judiciary Committee Chairman Paul Sarlo (D-Wood-Ridge) has told Senators that he will not call the "Lehman Three" to appear at their Senate confirmation hearings. Sarlo wants to avoid Republican Senators questioning the three former Lehman Brothers executives.
The State Investment Council has lost nearly $25 billion in 2008, with the state pension fund dropping from $82 billion last July to $57.7 billion as of last month. Alleging fraud and misrepresentation, the Corzine administration filed a lawsuit against nine top executives of the now-bankrupt Lehman firm last month. The State Investment Council bought $182 million in Lehman securities last April for the state pension fund - a move that has caused State Sen. Joseph Pennacchio (R-Montville) to demand an investigation.
But despite the losses, Corzine renominated Jose Claxton, Erika Irish-Brown and Montgomery Cerf to the NJSIC for new terms. All three were executives at Lehman, although they are not parties to the state lawsuit. The three are awaiting Senate confirmation, and the Judiciary Committee has not yet scheduled hearings on their nominations.
Nominees are not required to appear before the Judiciary Committee before the panel votes on their confirmation.
Contributors
Wally Edge
South Jersey Democrats are touting Cinnaminson native Anthony Mazzarelli, the head of the emergency medicine department at Cooper University ... >
Bob Torricelli
Everybody needs to start a new job with a list of priorities and Chris Christie is no exception. There might be a thousand things that need to get ... >
Michael Patrick Carroll
Political discourse in America contains much in the way of intellect or intellectual honesty. One considers the Federalist Papers with wistful awe: ... >
Jeff Michaels
The NJ gubernatorial election result demonstrates that Governor-elect Chris Christie resurrected the center-right voter coalition of Republicans, ... >
Richard LaRossa
With a convincing win in defeating an encumbent Governor, why were there no coattails? >
Alan Steinberg
As in any transition, speculation is rampant as to whom Governor-elect Chris Christie will appoint as Chief of Staff, State Treasurer, and Attorney ... >
Dr. Joseph Marbach
Now that the dust has finally settled after the grueling campaign for governor, there are a number of lessons that we can draw from this ... >
Carla Katz
When he was growing up, Chris Christie's folks must have taught him that when he went to a new playground, he should pick a fight with the ... >
Joey Novick
There has been a lot of talk about putting the issue of marriage equality on the ballot in New Jersey. This is something that Assemblywoman ... >
Murray Sabrin
New Jersey voters repudiated Governor Jon Corzine's policies of the past four years on November 3rd. Republican Chris Christie and Independent ... >
Poll
Hot Topics
Most Active Stories
- Christie transition team members to assume more specified roles tomorrow
- Bowser to Joe D.: rethink Codey banishment now that GOP in charge of gov's office
- Sources: Watson Coleman still seeking speaker's chair
- Between two Tuesdays ago and next Monday: welcome to Atlantic City
- DiVincenzo: if anyone can straighten out N.J., it's Christie
- Sweeney subs for sitting senate president at On the Record taping
- Scutari argues that Christie's victory does not alter dynamics of senate leadership
- Poll finds New Jersey residents narrowly support gay marriage
- Runyan meeting with Gilmore this morning
- Exploring congressional bid, Runyan meets with Gilmore
- Poll finds New Jersey residents narrowly support gay marriage
- On budget issues, Christie says everything is on the table
- Exploring congressional bid, Runyan meets with Gilmore
- Bergen County prepares for the unusual: Republican Freeholders
- Sources: Watson Coleman still seeking speaker's chair
- Sweeney subs for sitting senate president at On the Record taping
- DiVincenzo to launch re-election campaign next month
- NJ 101.5 listeners backed Christie 2-1 over Corzine, according to new poll
- Weinberg to Sweeney: honor your committment on marriage equality
- Marlboro mayor won't rule out '13 bid for governor
- Quinnipiac: Christie leads 50%-40%
- Quinnipiac poll has Christie ahead by 4 points as Corzine gets closer
- Christie, in West New York, takes questions
- Gore makes his case for Corzine
- Potential LG rivals Allen and Weinberg ally for county committee reform legislation
- Final debate schedule
- Torricelli on making perfection the enemy of good
- Autistic man seeks Assembly seat in 37th
- Jeb Bush attends Christie fundraiser
- Correction: Weiner departure was not his own idea
Recent Posts From Inside Edge
Quote of the Day
"An Irish wake." -- New Jersey Sierra Club director Jeff Tittell, on Senate President Richard Codey's party in Atlantic City.
Recent Press Releases
- Nov 20 2009
- Nov 20 2009
- Nov 19 2009
Syndicate
