Blago Aide Details Money-Making Schemes

An aide to Rod Blagojevich testified that the former Illinois governor planned to personally profit from the powers of his office. The Washington Post:

In dramatic testimony at Blagojevich's corruption trial, his one-time chief of staff Alonzo Monk said the two of them, along with fundraisers Tony Rezko and Christopher Kelly, discussed money-making plans, including an insurance company to do business with the state.

Monk, who was Blagojevich's law school roommate and was by his side through most of his political career, said the group calculated each of the plans would raise at least $100,000.

The biggest deal described by Monk that actually came to pass was the sale of $10 billion in state pension bonds in one day by the now-defunct investment bank Bear Stearns.

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