Tags: Trump Administration | | GOP2016 | Chris Christie | wife | Mary Pat | Angelo

Christie's Wife Quitting Job Seen as Sign He's Running for WH

Image: Christie's Wife Quitting Job Seen as Sign He's Running for WH
(Michael N. Todaro/Getty Images)

By    |   Friday, 24 Apr 2015 02:54 PM

Likely in preparation for her husband's planned run for the White House in 2016, New Jersey's Republican Gov. Chris Christie's wife, Mary Pat, has left her lucrative job at a Wall Street investment firm.

A spokesman for the governor's office told The Wall Street Journal, "Mrs. Christie has decided to take a hiatus from her work in the finance world to spend more time with her family and young children."

However, Ben Dworkin, director of the Rebovich Institute for New Jersey Politics at Rider University, told Bloomberg News, "It just reinforces the widely held belief that the governor is running for president.

"Running for president in the 21st century is not just a full-time job for the candidate but for the family as well.”

Dworkin said that leaving the job could lessen political questions about financial or ethical irregularities between Christie and the firm’s Wall Street associates.

She earned about $500,000 in her position as managing director of Angelo, Gordon & Company, and Christie, who listed near $700,000 income in 2014, has said that his wife is the primary earner in their family, the Journal notes.

New Jersey terminated a $150 million pension fund deal with Angelo Gordon in 2011, but since then, it has been revealed that the state has continued to pour "hundreds of thousands of dollars" in fees into the firm, which still manages some New Jersey investments, International Business Times (IBT) reported in December.

"The disclosure that New Jersey taxpayers have been paying substantial fees to a firm that employs the governor's spouse — years after state officials said the investment was terminated — emerged in documents released by the Christie administration to IBT through a public records request," IBT states.

Tom Bruno, chairman of the board of one of New Jersey's pension funds, told IBT, "This is extremely problematic. This governor talks about what he is supposedly doing to help the pension system, but the possibility of him and his family deriving any kind of personal benefit from a deal like this raises some truly serious ethical red flags."

The state AFL-CIO last year filed a complaint with the State Ethics Commission against resigned State Investment Council director Robert Grady, accusing him of politically motivated investing.

New Jersey paid $255,470 in investment fees to Angelo Gordon in 2012, $132,347 in 2013 and $82,819 through September of last year, The New York Times reported. Mrs. Christie began work at Angelo Gordon in 2012.

IBT noted that the state still has $6.6 million invested with Angelo Gordon.

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Likely in preparation for her husband's planned run for the White House in 2016, New Jersey's Republican Gov. Chris Christie's wife, Mary Pat, has left her lucrative job at a Wall Street investment firm.
Chris Christie, wife, Mary Pat, Angelo
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2015-54-24
Friday, 24 Apr 2015 02:54 PM
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