It turns out that Peter Kanjorski, the nephew who headed Cornerstone Technologies, has been getting paid $2,000 a month consulting fee from the Congressman's PAC.
From the story:
"For the quarter, Peter Kanjorski was paid $6,000. That’s in addition to the $20,000 he received between July 2007 and March. Since he was hired as a consultant, he has been paid $56,461 in fees and expenses."Furthermore:
"Making $5,000 contributions last quarter were the Credit Union Legislative Action Council, the Federal Home Loan Mortgage Corp., the Investment Company Institute PAC, the Realtors PAC, Sallie Mae Inc., PAC, the Securities Industry and Financial Markets Association Fund A and the UBS Americas Fund for Better Government. PP&L People for Good Government also contributed $5,000. The only individual donors were the owners of Pocono Raceway, Joseph and Rose Mattioli of Long Pond, who each contributed $5,000."
Notice all the investments from the parties involved with the housing industry. Those come due thanks to Kanjorski's influential position on the House Financial Services Committee which handles housing bailout measures.
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