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Patrick says he erred in call to firm
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| Parent(s) |
Candidate
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| Contributor | *crickets chirp* |
| Last Edited | *crickets chirp* Mar 07, 2007 12:15pm |
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| Category | News |
| Media | Newspaper - Boston Globe |
| News Date | Wednesday, March 7, 2007 06:00:00 PM UTC0:0 |
| Description | Facing an uproar that is shaking even his own supporters, Governor Deval Patrick said yesterday that he made a mistake when he called a top executive at Citigroup, which has operations that are regulated by the state, to vouch for a controversial lending firm.
"I regret the mistake," Patrick said in a statement issued late yesterday, his second public mea culpa in two weeks over politically sensitive errors in judgment.
Two weeks ago, Patrick placed a call to former US Treasury secretary Robert E. Rubin, now a top executive at Citigroup, interceding on behalf of owners of Ameriquest Mortgage, which was seeking urgent financial assistance from the giant firm. When questioned by the Globe late Friday, Patrick defended the call, saying that he was not acting in his role as governor and that he simply offered a reference at the request of a top official at ACC Capital Holdings, which owns Ameriquest and other financial firms.
In yesterday's statement, Patrick backed down from his adamant stance that the call was appropriate, but reiterated that he was not compensated by the owners of Ameriquest Mortgage and does not have a financial interest in the company.
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