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Lisa Madigan says guv can’t sell student loan portfolio

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Attorney General Madigan really needs to break her habit of releasing controversial opinions on Friday afternoons.

Anyway, Governor Blagojevich was hoping to sell the state’s student loan portfolio to generate millions for the MAP scholarship program. Madigan said today that the Illinois Student Assistance Commission has no authority to sell the portfolio without express premission from the General Assembly, effectively halting the sale. She also decreed that unless the legislature changes the law, the money from an asset sale must be placed in the student loan operating fund.

This isn’t the first time that Madigan has halted the governor’s planned sale of a state asset. She stopped the governor from selling the Thompson Center in the early days of his administration.

I haven’t seen any news articles yet, but you can read her entire opinion here. [pdf file]

posted by Rich Miller
Friday, Oct 20, 06 @ 9:55 pm

Comments

  1. Well well well! I guess we know who the better lawyer is. Probably the better gov too !

    Comment by Citizen A Friday, Oct 20, 06 @ 11:16 pm

  2. The opinion is more complicated that what your post indicates. ISAC is exploring a partial sale, which might be allowed under her opinion (as the Blago people will argue). I don’t think this is a clear cut ruling as you indicate. Lisa’s letter does include some nice hits on them about their poor management of this whole sale issue, missing deadlines and not responding to requests for information, etc.

    Either way, this opinion clearly sets the stage for the Speaker to mess with the Governor on this issue and blow up his budget during Veto session. A new round of my favorite game of “I’m in charge here” starts all over again on November 8th.

    Comment by Goodbye Napoleon Saturday, Oct 21, 06 @ 12:14 am

  3. Perhaps she is doing this according to Dad’s wishes to make her look like a “team” player. MJM must have LM saving something good for the last week. He has been too stinkin’ quiet. It’s almost creepy.

    Comment by Buck Flagojevich Saturday, Oct 21, 06 @ 1:35 am

  4. Perhaps we should “sell” our liabilities, such as the governor and his friends and staff, instead of our assets.

    Comment by Martha Mitchell Saturday, Oct 21, 06 @ 3:56 am

  5. I agree with Martha !!! We’re running out of credible assets & personnel to boot !! What real should happen is folks “cost off” the Guv & his tribe & get them off the books & out of inventory !!!

    Comment by annon. Saturday, Oct 21, 06 @ 6:37 am

  6. Fire these guys on Nov. 7th. Try their stunts in the real world !!

    Comment by annon. Saturday, Oct 21, 06 @ 6:38 am

  7. Make An Educated Decision on Tuesday, November 7th!

    State and Federal Investigations & Federal Subpoenas

    Dozens - Governor Blagojevich
    0 - Judy Baar Topinka
    0 - Rich Whitney
    0 - All other candidates running for
    Governor of Illinois

    Voters need to know how many investigations the Governor Blagojevich faces.
    Governor Blagojevich and his own office and his various agencies have been served with dozens of federal subpoenas involving countless criminal allegations, but Blagojevich won’t even confirm that he’s received a subpoena.
    Blagojevich won’t say how many subpoenas he’s received.
    Blagojevich won’t say what the FBI is seeking.

    Comment by Rabbit Hole Saturday, Oct 21, 06 @ 8:49 am

  8. Another Filan scam bites the dust, courtesy of Team Madigan. I wonder if he threw a phone?

    Comment by Truth Saturday, Oct 21, 06 @ 9:11 am

  9. Rabbit Hole’s post was dead-on. My guess is that Bl(ag)o-ya doesn’t even know. He’s too busy “governing” to worry about those things. That’s his favorite response. The questions will be answered and when the flood waters come over the dam, it will be a huge disaster for his entire administration.

    Comment by David Saturday, Oct 21, 06 @ 9:14 am

  10. This is slightly off topic, but let’s not pretend that daddy isn’t the 500 pound gorilla in the room.

    I’ve had it with our state party chair, absolutely had it. It’s ri-god-****-diculous. There’s no coordinated campaign, nothing. And you know who this hurts? It’s not Alexi, although it is unbelievable that our party chair openly opposes one of his own statewide candidates. At the end of the day it hurts our congressional candidates. The new McCain/Feingold law prevents everyone else from coordinating with federal campaigns. But it left one giant, gaping exception - state parties. So two years after we stole a Republican seat, with another one on deck, with a scandal weakened speaker, a woefully inept page board chairman and a Guatamalen dictator bought candidate on the ballot, a favorable national environment that isn’t likely to repeat itself for at least a generation, and solid Democratic candidates ready to take advantage of the situation we need now more than ever the basic fundamental tools that only a state party can legally provide and it won’t be there because our state party chair can’t get over the fact that a 30 year old kid won the Democratic primary without kissing his *** to get there.

    I’ve had it. This is the dumbest, most aggrevating thing I’ve ever seen. There’s no one on the state central committee with the guts to do anything about it. That’s why I’m openly opposing Messiah 08. I don’t care how many silly opinions daddy’s little girl realeases on Friday, it’s time to throw a wrench in the master plan.

    Come home brother, we need you. Messiah 2010

    Comment by Obama 2010 Saturday, Oct 21, 06 @ 9:23 am

  11. “Perhaps we should ’sell’ our liabilities, such as the governor and his friends and staff, instead of our assets.”

    Excellent. Perhaps to a corrupt foreign government that would love to have him. And surely someone from some thug regime that shows up down at the UN can broker the deal.

    Comment by Angie Saturday, Oct 21, 06 @ 9:47 am

  12. Wow, the only person more absent than Madigan has been umholtz. You’d think she could find something to do since the Gov is being investigated for multiple things, Cook COunty and the city of CHciago. I guess she’d rather go after gas stations. Isn’t this part of what they went afted Jim Ran for? Although there was a Fed investigation, that he did not do anything?

    Comment by Wumpus Saturday, Oct 21, 06 @ 9:53 am

  13. Right on, Truth.

    Filan also recently planted a person in the ISAC to make sure things are getting done his way.

    Reform and Renewal-NOT!

    Comment by Arthur Andersen Saturday, Oct 21, 06 @ 10:58 am

  14. To Governor Coruptovich
    - Big Tony didn’t look very happy yesterday when he got fitted for ankle bracelet.
    Wonder if the ankle bracelet has your name on it like everything else in this state.

    Comment by Illinois State Employees Saturday, Oct 21, 06 @ 11:00 am

  15. What is it with these Governors? Did not Missouri want to sell their loans to to fiance capital projects.

    Comment by annie Saturday, Oct 21, 06 @ 11:28 am

  16. what so bad about Friday afternoon. Keeps everyone from heading for the cheap buckets too early

    Comment by Reddbyrd Saturday, Oct 21, 06 @ 11:41 am

  17. RIGHT ON LISA!!! KEEP UP THE GOOD WORK!!!

    Comment by Bucky Saturday, Oct 21, 06 @ 1:52 pm

  18. The is a little off topic - was driving around LaSalle, Marshall, Putnam & Bureau counties this morning, I say lots of yard signs out for a slew of candidates. What struck me was that in all the driving, I Only saw 2 for Public Official A.

    Comment by Huh? Saturday, Oct 21, 06 @ 1:57 pm

  19. This is bad news because instead of the Press Release Of The Day being from GoverNOT Hairdo, it comes from arch enemy, Lisa Madigan. Boo Hoo. One more asset that Elvis can’t sell. Mr. and Mrs. Little Egypt went over to Hannibal on Thursday, had a little lunch and a boat ride. The fall colors were spectactular on the MISSOURI side. There was not one shred of color on the ILLINOIS side however. Not one color - except green. Mr. and Mrs. are both convinced that Elvis has sold the color from the Illinois trees this year. Saw one huge Blago sign that had “Blago ‘06″ and someone had also painted -20 on it. Love it, love it, love it.

    Comment by Little Egypt Saturday, Oct 21, 06 @ 2:49 pm

  20. “Perhaps we should “sell” our liabilities, such as the governor and his friends and staff, instead of our assets.”

    Great idea! Except the only suckers that may buy them is North Korea. And they are broke!

    Comment by Buck Flagojevich Saturday, Oct 21, 06 @ 3:28 pm

  21. 2010 - word

    Comment by Anonymous Saturday, Oct 21, 06 @ 5:35 pm

  22. I agree with Rabbit Hole – “Voters need to know how many investigations the Governor Blagojevich faces.” It really makes me wonder what the Governor is hiding. If he is truly innocent, then he should have nothing to worry about. The only reason this administration does not want the voters to know about all the investigations are because how it would appear. In the ethics test that all state employees had to take, it was mentioned that if something doesn’t look on the level , then you should not be involved in it. However, with the amount of investigations that have already been listed, and coupled with the amount of high level state employees who have jumped ship, that makes me wonder.

    I think that this administration treats the voters like mushrooms, keep us in the dark and feed us crap

    Comment by state worker Saturday, Oct 21, 06 @ 7:31 pm

  23. Goodbye Napoleon is right — she left enough of a loophole to do 90+% of what was originally proposed — and if you plowed the proceeds back into higher ed, (money is fungible) that would open up resources elsewhere to help fund the rest of the state budget. I imagine she’s cleaning out the inbox to avoid being accused of playing politics by sitting on things.

    Comment by Anon Saturday, Oct 21, 06 @ 10:18 pm

  24. “Perhaps we should “sell” our liabilities, such as the governor and his friends and staff, instead of our assets.”

    This would be one of those deals that nobody will want to buy these “assets”, so to sweeten the deal we would have to pony up a bunch of cash. Oh wait a minute, we’ve aready do that.

    Comment by Huh? Sunday, Oct 22, 06 @ 10:00 am

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