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As expected, President-elect Barack Obama named New Mexico Gov. Bill Richardson as secretary of commerce today (Dec. 4). Richardson may get a grilling at upcoming confirmation hearings. He was a key player in the Clinton administration, and came under fire for offering Monica Lewinsky a job at the United Nations. More tellingly, Richardson was a board member of the former scandal-plagued Peregrine Systems from February 2001 to June 2002 -- a time in which the board was trying to put a lid on the scandal that eventually brought the company down. In 2002, when running for New Mexico governor, Richardson said that he was not at fault because he was a so-called "outside director." As Bill Clinton used to say, "That ol' dog don't hunt anymore." Richardson attended 15 board meetings; in some, directors heard that the company might get caught cooking the books. Peregrine's chief executive, Stephen Gardner, who confessed his role in the massive fraud, is the brother-in-law of Richardson's wife. While Richardson was on the board, Gardner regularly told directors that Peregrine was in trouble, but the public knew nothing about it.

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Comments

Visduh Dec. 3, 2008 @ 3:30 p.m.

Horrors! An Obama appointee with less-than-sterling credentials? Just betcha that few questions are asked of Richardson.

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Don Bauder Dec. 3, 2008 @ 6:14 p.m.

Response to post #1: He has been nominated as secretary of commerce. His Peregrine adventures are relevant. Somebody should ask him if he noticed that John Moores was dumping stock as fast as he could unload it. Best, Don Bauder

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SanDiegan Dec. 3, 2008 @ 7:43 p.m.

HEY, they don't call him "Dollar Bill" Richardson in recognition of his honest public service. The guy's got more arms than a octipus and all of the sucking is of money from whatever source he can squeeze. Pure political payoff to the so-called latino contingent for supporting the new Pres.

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Don Bauder Dec. 3, 2008 @ 10:33 p.m.

Response to post #3: Yes, "Dollar Bill" is a good nickname. Best, Don Bauder

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JohnnyVegas Dec. 6, 2008 @ 11:50 a.m.

Richardson presided over one of the most corrupt and dirty criminal investigations I ever saw when he was the head of the Energy Department, and tried to railroad Wen Ho Lee, a chinese American.

It was dispicable what Richardson said and did in that case and he has NO business anywhere in Government.

Nor does Eric Holder and his Marc Rich fiasco/scam/quid pro quo pardon.

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Don Bauder Dec. 6, 2008 @ 1:52 p.m.

Response to post #5: Both Richardson and Holder should get a grilling at confirmation hearings. But will they? Don't count on it. Best, Don Bauder

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