Looks like the second Clinton administration is taking up where it left off.

“It seems that Illinois’ legally challenged Gov. Rod Blagojevich is not the only close Barack Obama associate and Democratic governor being investigated by the feds for possibly selling government business in return for campaign contributions.

New Mexico’s Gov. Bill Richardson, who is the newly named Secretary of Commerce in Obama’s about-to-be Cabinet, is also being investigated by a federal grand jury in his home state for possibly steering state bond business from the New Mexico Financial Authority toward David Rubin, a significant campaign contributor, according to an NBC News report, among others.

President-elect Barack Obama announces his selection of New Mexico Democrat Governor Bill Richardson as his Secretary of Commerce

NBC’s Lisa Myers reports that two former state officials say they’ve recently been questioned by a federal grand jury specifically about allegations that Richardson or aides pushed state business worth nearly $1.5 million in fees toward CDR Financial Products in 2004. The company is headquartered in Beverly Hills.

This was about the same time as CDR’s founder, Rubin, donated $100,000 to two of Richardson’s political action committees; mainly it appears to cover expenses of the governor and his staff at the Democratic Party’s National Convention in Boston that summer.”

Question: How long before Obama’s Explanation Team tells us that there is nothing to see here?