Obama AG Pick Lobbied for Dicey Telco Deal

President-elect Barack Obama's pick for Attorney General registered to lobby in 2002 for a U.S. firm whose proposed sale to foreign buyers was stalled by U.S. officials who feared a national security risk. After months of negotiations – and over $1 million in fees for the efforts of Eric Holder and four other lobbyists from his firm – the sale of the company, Global Crossing Ltd., went through. In 2002, national security officials balked at a proposed sale of the bankrupt telecommunications...Full Story
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