They've got muck; we've got rakes. TPM Muckraker

WSJ: Menendez Intervened For Bank Run By Big Contributors

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Newscom

But an outside expert quoted by the Journal believes Menendez's actions crossed an ethical line:

William Black, a federal bank regulator during the savings-and-loan crisis two decades ago, and like Mr. Menendez a Democrat, called the senator's letter "grotesquely inappropriate," given his ties to the two directors.

The whole story is worth a read.