The Ties That Blind?

When investment outfits hire these politicians who are not known to have anything that resembles financial expertise, they are making an investment in their contacts and their starpower--and, possibly, favors that this politician might be in a position to do for them in the future. Other examples include Bill Clinton's relationship with Ron Burkle's Yucaipa Companies. Rudy Giuliani cut out the middleman and started his own investment banking firm, which he ... Full Story »