Wednesday, August 29, 2007

John Eaves' Response on the Bloomberg "Blind" Trust Article

From the press release:
Today, on the two year anniversary of Hurricane Katrina, an article by Bloomberg News raises serious doubts about how Mississippi Governor Haley Barbour directed the billions of dollars of Katrina recovery funds.

“The Bloomberg report raises some troubling questions, especially about the financial interest Barbour may still have in the lobbying firm that bears his name,” said Sharon Garrison, spokeswoman for John Eaves for Governor. “The report indicates that Barbour makes more from his ties to Washington and the performance of his old firm than he does as Governor. Is this still true today?”

According to Bloomberg, Barbour earns $122,160 a year as governor and receives $300,000 a year from his blind trust. At the time of its initial filing, the trust included $786,666 of stock in the parent company of Barbour Griffith & Rogers Inc. (BGR), “as well as pension and profit-sharing plan benefits from the lobby firm.”

Garrison continued, “The people of Mississippi deserve to know when Barbour sold the stake in his firm, if ever. Did Barbour receive funds from his firm while its clients had business before the state? It all boils down to one question: who do you serve?”

I think that is a fair question. Whom do you serve, Governor Barbour? Without transparency in his financial dealings and clear ethics laws and restrictions we man never know.

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