What Stinks? Oh Just Hudson County Politics

New reports reveal that United States Senator Robert Menendez, child of Hudson politics and member of the Senate Banking Committee has petitioned Fed Chairman Ben Bernanke and the Federal Reserve to prop up a failing bank run by Senator Lesniak and attorney Joseph Ginarte.

Ginarte is widely known as the lawyer who went into pre-trial intervention for allegedly beating up his 12 year old son (The Star-Ledger, November 10, 1999, Page 39).

Menendez was trying to approve a buy out of First BankAmericano, where Ginarte is president and State Senator Raymond Lesniak is vice president. The bailout would have saved Gintarte’s and Lesniak’s investment.

Unfortunately for our illustrious State Senator and his ambulance-chasing lawyer buddy, it appears someone at the Fed suddenly grew a conscience and ratted Menendez out.

In the public interest we at THE STATE have reproduced the Wall Street Journal article. Read it here.

We also have provided Menendez’s request.

Share