So we already knew that Allen Stanford -- the Texas banker charged by the SEC today with running an $8 billion "fraud of shocking magnitude" -- had some pretty impressive political contacts with both parties.
But it looks like his relationship with one of his home-state senators, Republican John Cornyn, may have been especially cozy.
According to Cornyn's Senate disclosure reports -- posted on the site Legistorm.com, which tracks privately financed trips by members of Congress -- the Stanford Financial Group paid for the Texas senator and an unnamed companion to take a November 2004 trip down to Antigua and Barbuda, the tiny Carribean nation where the company has its headquarters.
The three day trip is described by Legistorm as a "financial services industry fact-finding mission hosted by constituent company with substantial operations on site."
The site adds:Sen. Cornyn discloses expenses for himself and a companion, but does not disclose the identity of the companion.
The total cost of the trip: $7,441.00
Stanford Financial was selling CDs with an 8.25% rate of return (not FDIC-insured, of course). Allen Stanford was a big donor to Texas Republicans, particularly John Cornyn and Pete Sessions, but as Roth notes, his contributions were bipartisan.
As for Cornyn's traveling companion, I frankly don't give a shit if he took a box turtle with him down to the Caribbean.
Cornyn is as god-damned corrupt as Tom DeLay, and to think we could have been rid of him four months ago is just too big a missed opportunity to be reminded of.
Update: Rick Dunham at Texas on the Potomac has more, including a smattering of the usual "Democrats did it too/the Chronicle has a liberal bias" reaction from the locals.