It's kind of a boring playbook, really. Politically important people create their own contracting companies, magically end up with government contracts to do things like rebuild airports and sidewalks, lend each other money, lie about how much their contracts are worth, cash in on bogusly inflated stock prices.
The only mystery here is whether or not Clancy Dubos will write a column explaining how Ray Nagin's maintaining obvious relationships with these contractors (flying to football games on their planes and such) constitutes a "smart move."
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