Now comes word that if Morgan Keegan, which is being paid $150,000 to determine the financial value of OGB, will rake in a bonus of up to $750,000 more if OGB is subsequently privatized.
Commissioner of Administration Paul Rainwater promised that Morgan Keegan, which contributed $1,000 to Jindal’s 2007 election campaign, will provide “unbiased advice” in its efforts to help market OGB.
In what is becoming an all-too-familiar refrain, OGB board Chairman James H. Lee attempted to obtain a copy of the Morgan Keegan contract from the administration in November but was told it was not finalized.
The contract, however, was signed by Morgan Keegan’s managing director on Oct. 31 and an OGB representative on Nov. 2.
We've been following the OGB story for some time. It's fairly typical of Jindal's use of the privatization rubric to pretend his destructive and inefficient brand of cronyism is actually some sort of "good government" program. This also describes the Medicaid reform that went into effect yesterday as well as his plan to "gut public education."
And so, just for laughs, let's have another look at how Times-Picayune editorial cartoonist heralded the advent of the reign of our champion.
How's that workin' out for ya?
Update: Link fixed. Sorry
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