Saturday Song: Moe Bandy “Americana”

HAPPY FOURTH OF JULY!!

Is Sarah Palin About To Face Federal Indictment For Embezzlement?

UPDATED

SARAH PALIN LEGAL TEAM TRYING TO LIMIT FREE SPEECH!

No sitting governor with White House dreams resigns 18 months before the statehouse term ends, and three years before a presidential election.   There are too many unanswered questions when something like this happens.  This morning there are many linking yesterday’s resignation by Sarah Palin with a possible looming federal indictment concerning the building of her house, and the Wasilla Sports Complex while she was mayor of that city. 

No family scandal this time for Sarah Palin.  This one involves the feds!

Update: BradBlog is now reporting additional information received from Alaskans who follow Palin: “I’ve now been able to get independent information from multiple sources that all of this precedes what are said to be possible federal indictments against Palin, concerning an embezzlement scandal related to the building of Palin’s house and the Wasilla Sports Complex built during her tenure as Mayor. Both structures, it is said, feature the ’same windows, same wood, same products.’ Federal investigators have been looking into this for some time, and indictments could be imminent, according to the Alaska sources.”

Max Blumenthal at The Daily Beast offers additional details:

One logical place to start looking is the affair that has Alaska political circles buzzing: an alleged scandal centered around a building contractor, Spenard Building Supplies, with close ties to Palin and her husband, Todd.

Many political observers in Alaska are fixated on rumors that federal investigators have been seizing paperwork from SBS in recent months, searching for evidence that Palin and her husband Todd steered lucrative contracts to the well-connected company in exchange for gifts like the construction of their home on pristine Lake Lucille in 2002. The home was built just two months before Palin began campaigning for governor, a job which would have provided her enhanced power to grant building contracts in the wide-open state. …

Though Todd Palin told Fox News he built his Lake Lucille home with the help of a few “buddies,” according to Barrett’s report, public records revealed that SBS supplied the materials for the house. While serving as mayor of Wasilla, Sarah Palin blocked an initiative that would have required the public filing of building permits—thus momentarily preventing the revelation of such suspicious information.

Just months before Palin left city hall to campaign for governor, she awarded a contract to SBS to help build the $13 million Wasilla Sports Complex. The most expensive building project in Wasilla history, the complex cost the city an additional $1.3 million in legal fees and threw it into severe long-term debt. For SBS, however, the bloated and bungled project was a cash cow.

Questions about the construction of Palin’s house are not new. An article last fall by Wayne Barrett at the Village Voice offered many of the same speculations that are now being presented by Blumenthal and others as possible explanations for Palin’s resignation.