According to the Toledo Blade, which Krugman cites as his source for this “bigger story,” the person who told the BWC’s CFO to “give MDL a break” was George Forbes, a member of the BWC’s oversight commission. Forbes is also president of the Cleveland chapter of the NAACP, former president of the Cleveland City Council, former candidate for mayor of Cleveland, and a Democrat.That's right, there is a Democrat connection to this scandal that you aren't hearing about. Why? That's the big question, isn't it?
And who’s that daughter who’s employed by MDL? You guessed it, didn’t you? It’s Mildred “Mimi” Forbes, daughter of the very same and very Democratic George Forbes.
The MDL scandal began in the mid-1990s when Ohio passed an affirmative-action law requiring its public investment funds to direct more business toward minority-owned investment managers. It was similar to law, usually promoted by Democratic legislators, that was passed in many other states during the same era. MDL Capital was founded in Pittsburgh by Mark D. Lay, an African-American.
The big story has been Tom Noe. But what does Tom Noe have to do with MDL? Nothing that I can see. Compared to the MDL loss of 215 million dollars, Noe's 12 million dollar coin loss is barely a blip on the radar. But the driving focus is still on Noe. That, my friends, is media bias.
