A pardon broker told 60 Minutes that their $1 million fee purchased his firm's "strategery." I hope he pays a royalty to Saturday Night Live and actor/comedian Will Ferrell who coined the term in a 2000 skit.
The broker shows the clownish nature of the insider money funnel that has wound out of control the last few decades.
Politicians Red & Blue love private equity underwriters (PEU) and their new TechGod brethren. Increasingly, more are one and they are insulated from following laws that apply to most Americans.
On the rare case greedy miscreants are held to account for their evil deeds, pardon brokers stand to wipe out any blemishes in return for massive fees. Strategery!
