On a day that I covered auction theory in my class, it was heartening to see that Governor Blagojevich of Illinois was (allegedly) running an auction of his own. According to the New York Times Blagojevich took to heart at least the most basic auction lesson, that of selling to the highest bidder:
"CHICAGO — Gov. Rod R. Blagojevich of Illinois was arrested by federal authorities on Tuesday morning on corruption charges, including an allegation that he conspired to effectively sell President-elect Barack Obama’s seat in the United States Senate to the highest bidder."
It sounds like his wife added some nice quips on the wiretaps.