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IPFS News Link • Politics

Ex-Blagojevich aide tells of plans to make money

• AP

State lawmakers and some of Blagojevich's aides had assumed that the bonds would be sold in amounts of $2 billion or $3 billion over a period of time. But Monk testified that after going in a back room at his Thompson Center office with Kelly, Blagojevich decided to sell the whole lot in a single day - a step that was beneficial to Bear Stearns.

Monk testified that Rezko later told him that Bear Stearns lobbyist Robert Kjellander promised to pay Rezko $500,000.