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February 27, 2009

Judd Gregg already had some ‘commerce’ going

It looks like some conflict of interest potentials, or worse, over he and his brother dipping their hands into taxpayer money to help fund some sweetheart real estate deals is why he really didn’t want to be Obama’s Commerce Secretary.

The potential problems reportedly turned up during White House vetting. Team Obama had already had Big Bill Richardson get shot down over a pay-to-play issue, and had Tim Geithner and Tom Daschle raise the tax issue, so, Gregg stood not a snowball’s chance in the Senate, I’ll guess.

And, this wasn’t minor stuff.

Read the full story to see how Judd funneled more than $65 million of federal money to help his brother, Cyrus, redevelop a shuttered Air Force base. In exchange, Judd got some nice investment money off Cyrus’ company.

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