What Next in IL - Blago?

Bear Stearns

Retired cop Bill Neumann was in his Champaign office last summer when he was paid a surprise visit by a Chicago executive with Bear Stearns & Co., the firm in charge of investing $25 million of the Champaign Police Pension Fund that Neumann oversaw.

The executive wanted Neumann's permission to "share" some of Bear's $47,000 annual fee with politically connected Champaign developer Peter Fox -- even though Fox, a former Bear Stearns managing director, never had anything to do with the retirement savings of Champaign's police.

Ya think?

All I can tell you is Bear Stearns screwed up -- there were wires crossed. Somebody made a mistake.
former IL state Sen. Richard Luft