Clinton Fundraiser Stonewalls on Cigna Merger

Politics

Corruption by Numbers

While lawyers are looking for the fire, we are choking on the smoke of corruption-VBL

- Soren K

Gov. Malloy's top appointee now facing subpoena in Cigna/ethics probe

written by Vince Lanci

Governor Malloy Stands Behind Appointee Wade. Wade Nervous

Background- (Wade)

Insurance Commissioner Katharine L. Wade is governor Malloy's top appointee
Wade worked for Cigna from 1992 to 2013, and was the company’s chief lobbyist
Her husband Michael still works at Cigna
In March 2015, Malloy nominated Wade as Insurance Commissioner
Wade states she holds no shares of Cigna
The Office of State Ethics seeks to determine if Wade had a conflict of interest during her overseeing Anthem's proposed buyout of CIGNA
The Office of State Ethics now wants Wade's personal financial information
Barbara Housen is the point person for the Office of State Ethics

At issue is if Wade and her husband would benefit from Wade's approving the mega-merger of the 2nd and 4th largest US health Insurers.

How Wade Was Hired by Malloy (Wade > Malloy)

A month BEFORE Wade was hired, Malloy's lawyer laid out in a letter how the nominee would approach her former employee
The letter dictated conditions for recusal in dfealing with her former company, and putting investments in a blind trust. It is the CYA paper trail for Malloy in my opinion

Housen Requests and is Denied Information

From the Article By: Mark Pazniokas of the CT Mirror

Housen says in a letter to Knox that she has twice asked Wade to tell her the number of Cigna shares her spouse stands to gain each year under a vesting schedule she previously disclosed.
Housen is seeking information about ” the financial impact the merger would have on Commissioner Wade’s spouse’s unvested stocks and unvested stock options.”
She also is asking for information to clarify what actions Wade has taken on the merger application, a $54 billion deal in which Anthem would control the combined company.

Housen:

The Wade case is the first time in her 10 years at Ethics that she has failed to obtain necessary facts to recommend a ruling.
“In fact, it has become increasingly clear to me that a more in-depth and extensive information gathering needs to be conducted,” Housen told the board in writing.

Stonewalling Ensues

Wade and the office of Gov. Dannel P. Malloy had no immediate comment on Housen’s requests.

“I can’t believe Gov. Malloy is allowing the commissioner to stonewall the ethics commission,” said Tom Swan, the executive director of the Connecticut Citizen Action Group, which has asked Wade to recuse herself from ruling on the merger.

Who is Dan Malloy?(Wade > Malloy > Clinton)

Governor Dan Malloy and the Clintons have been political allies since his run for governor in 2010 when he received the endorsement of both former President Bill Clinton and Hillary. The former president campaigned for the governor during his reelection bid in 2014

Malloy returned the favor to Hillary Clinton as one of her earliest endorsements for president.

-Source NBC CT

Connecticut Governor Malloy is a Clinton Player

-Governor Malloy of Ct. is a large fundraiser for the Clintons- Fact

-Malloy foolishly let GE leave CT.- Fact

-He is part of the insurance problems in CT.- look it up

-Malloy pays extortion money to Bridgewater to stay afterwards- a rose by any other name

-Malloy is a leading candidate for a powerful Cabinet position when Hillary is elected- prediction, deep background source, and you can look it up.

There's speculation that Malloy is working for Clinton to try to earn a cabinet position or White House job.- Hartford Courant
Clinton Won't Say Whether She's Considering Malloy for Cabinet- NBC CT
Malloy’s name has been mentioned by Democratic sources as a possible Transportation Secretary and Attorney General candidate.

A Prediction:

-Malloy leaves CT a wreck- soon enough

-That money paid to Bridgewater is a chit to be called when Malloy needs money- on information and belief

-Malloy has designs on the Whitehouse after Hillary- business associate describing Malloy's ambitions to me

-Meanwhile Ray Dalio just bought himself a cheap call on the White House- that's how I'd play it