Gov. Chris Christie, who made even public safety on a bridge subject to political payback, who is now running NJ policy for the benefit of his coming White House run, appears to have been less than truthful when he promised a firewall between his management of $80 billion in pension funds and his own political operation. Christie’s already under investigation by the Securities and Exchange Commission for possible securities law violations in diverting Port Authority funds to Pulaski Skyway. But the SEC also is responsible for enforcing pay-to-play law. And there, Christie may have more problems. David Sirota says he has documents to back that up.
From Sirota’s piece, at International Business Times:
The head of a New Jersey board that determines how the state invests its pension money was in direct contact with top political and campaign fundraising aides for Gov. Chris Christie as the governor last fall mounted a successful bid for a second term.
The meetings between Christie’s political team and the state’s pension overseer challenge assurances from the governor that the investment of state pension funds has been fully insulated from the political process. The meetings occurred as Christie’s campaign benefited from contributions from executives at financial firms that have secured lucrative contracts to manage growing slices of New Jersey pension money.