Word: plan
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DeLay's motives seem less obvious. Since leaving Congress in June 2006, he's been running a political consultancy. Did someone counsel him that the path to elder statesmanship is best taken at a waltz? DeLay says he simply discussed the plan with his wife and daughter, both fans of the show, who urged him to go for it. "They said, 'Sure, why not? Let's do it.' " His only wider aim in participating, he insists, is to win. "I'm surprised people consider it unusual that a former politician would be on a dancing show," he says. "Politics...
Inevitably there are those who see DeLay's quick step as part of an image-rehabilitation plan. "He's a student of history. He knows historians will be writing about the Republican revolution, and he wants to get a fair shake with people," says Jim Backlin, a former House leadership aide under DeLay. "He wants to let the TV audience see what his friends do - that he's a decent guy with a sense of humor...
...other big problem is money. Areva needs about $14 billion to finance its business for the next several years--and $2.8 billion more to buy Siemens' joint-venture stake. One plan calls for the state to sell 15% of Areva to new investors. Areva also plans to sell off its shares of a number of smaller French companies as well as T&D, an energy-transmission affiliate that it bought for close to $1 billion in 2004, which is now valued at nearly $5 billion and accounts for 20% of the company's profits...
...says a senior Treasury department official. Shelby and the Senate Banking chair, Democrat Chris Dodd, have also been working together closely. "[Shelby's] folks are deeply engaged and we share the view that he wants to get something done," says the senior Treasury official. (Read "Geithner's Toxic-Asset Plan: Wall Street Finally Cheers...
...hold on the Senate at a crucial moment. He has had a near perfect record of conservatism on social and foreign-policy issues since then. The tall, drawling former prosecutor questioned Obama's citizenship this past February, and when Treasury Secretary Tim Geithner first unveiled the Administration's sweeping plan to reform the financial system in June, Shelby said of its goal to expand the Federal Reserve's regulatory power, "I personally believe this represents a grossly inflated view of the Fed's expertise...