Mar 19, 2008 09:40
From the Associated Press:
Former Gov. Jim Gilmore, who was criticized for his handling of state finances, was chairman of a Bear Stearns subsidiary set up to market some of its highest-risk securities tied to the home mortgage industry meltdown.
One money manager said Gilmore's involvement in Everquest Financial Ltd. reflected his "naivete" in finance. Gilmore, a Republican, is now running for U.S. Senate.
...
By 2003, Gilmore's Democratic successor, Mark Warner, set the revenue shortfall at $6 billion, and the following year, Warner pushed a $1.4 billion-per-year tax increase through a Republican legislature.
Gilmore is in a contentious battle with Del. Robert G. Marshall, the General Assembly's foremost abortion and gay-rights foe, for the GOP nomination to succeed retiring Sen. John W. Warner.
The Republican nominee in November will face former Gov. Mark Warner, who is unchallenged for the Democratic nomination and unrelated to John Warner.
I'm not sure which would be worse to have as our senator: Gilmore or Marshall. I despise Marshall with a fiery purple passion. Fortunately, unless something extravagant happens, Warner will get it. He had a 70% approval rating while he was in office.