President George Bush, Siva Yam, President of Us-China Chamber of Commerce and Prescott Bush, Chairman
Posted on 02/14/2002 10:18:32 PM PST by knak
"We have begun the early stages of gathering the facts on the Global Crossing bankruptcy," said Ken Johnson, spokesman for House Energy and Commerce Committee Chairman Billy Tauzin, a Louisiana Republican.
"It's inevitable we're going to do something. It's just too early to tell what," Johnson said.
Separately, the investigative arm of Congress, the General Accounting Office (news - web sites), was asked to include Enron and Global Crossing in an upcoming report on accounting and auditing issues.
The GAO request came from Michigan Rep. John Dingell, the ranking Democrat on Tauzin's panel, and Senate Banking Committee Chairman Paul Sarbanes, a Maryland Democrat.
Hamilton Bermuda-based Global Crossing filed last month for bankruptcy protection from creditors, the fourth largest corporate insolvency in U.S. history.
A former employee has alleged that Global used improper accounting methods to artificially inflate revenues. The FBI (news - web sites) and the U.S. Securities and Exchange Commission are investigating.
Enron made the biggest U.S. bankruptcy filing ever on Dec. 2, after investors lost confidence amid a slew of questions about partnerships that an internal company investigation has since said were used to hide debts and inflate profits.
Ten congressional panels plus the SEC and U.S. Justice Department are probing Enron's demise. "
only ten?
Ain't THIS special? The fascist Chinese will end up owning land lines that process secure information if this happens. Not only the secure transmissions,but imagine the results of the Chinese just shutting these lines down all totogether.
Gee,I wonder if FineSwine's husband and Prescott Bush are still doing business with the Chinese? Not that this would have anything to do with them being able to make this buy,of course.
This deserves headlines of its own!!
President George Bush, Siva Yam, President of Us-China Chamber of Commerce and Prescott Bush, Chairman
Which has connections to,and shares information with out own defense networks.
Gonna post this to every thread with "Global Crossing" in it.
With apologies to and much empathy for those who have lost so much in the Enron debacle, this is a MUCH BIGGER story than Enron.
The DEMS are in this up to their freakin' eyeballs and if the Chicoms get their hands on the most extensive fiber network on the planet, the results could be serious beyond our imagination.
A key difference between the two companies is Enron is associated with Republicans, though it has given generously to Democrats as well, and Global Crossing is associated with Democrats.
No kidding!
Beverly Hills home of Henry (INRON all the tme) Waxman.
How can all this be going on right under Waxmans nose?
And if we sit on our hands and let them continue their advances in space launch technology and their stated intent of going to the Moon, we are cooked.
(December 09, 2001) China's great leap forward: Space--[Excerpt] "The space industry is not only a reflection of the comprehensive national strength but also an important tool for leaping over the traditional developing stage," said Liu Jibin, minister of China's Commission of Science, Technology and Industry for National Defense.
If China makes that leap, the country's civil and military space efforts could close the gap between East and West in years instead of decades. Technology is critical to China's development of bigger, better missiles and space-based defenses as well as the country's commercial ambitions. Market reforms and cheap labor already are turning a once-stagnant, planned economy into a powerhouse.[End Excerpt]
(December 10, 2001) CHINA'S NEW FRONTIER China finds launches lucrative--[Excerpt] There also were accusations -- adamantly denied -- that Loral's chairman influenced a Clinton administration licensing decision with a hefty donation to the Democratic National Committee. License approval eventually was shifted from the Commerce Department to the more restrictive State Department.
The Clinton White House announced in November 2000 that it would resume processing export licenses and extend China's launch privileges through 2001 after Beijing agreed to a missile nonproliferation pact. But the Bush administration says outstanding issues remain in implementing the nonproliferation agreement. New satellite export licenses remain on hold. Sen. Jesse Helms, R-N.C., and three other lawmakers urged President Bush in July not to resume licensing under any condition. [End Excerpt]
(October 9, 2001)- China Plans to Send Probe to MoonBEIJING (AP) _[Excerpt] China plans to send a probe to the moon, the official Xinhua News Agency said Tuesday. The probe will be launched on a Chinese-made Long March rocket, Xinhua said, quoting a report by Chinese National Space Administration chief Luan Enjie at a recent conference. It did not say whether firm plans had been drawn up or give other details.
China's space program regularly launches satellites, and has set a goal of a manned launch by the end of this decade. However, few details are available of new developments in the military-linked program. Lunar exploration allows China to ``struggle for a more important place in the world space science field and raise our deep space exploration technology to a higher standard,'' Xinhua quoted Luan saying. [End Excerpt]
(October 8, 2001)-Pentagon Report Calls for the United States Control of Space---Arguably, one of the more straightforward parts of the QDR concerns the capability and survivability of space systems. "Because many activities conducted in space are critical to America's national security and economic well being, the ability of the United States to access and utilize space is a vital national security interest," the QDR says. "During crisis or conflict, potential adversaries may target U.S., allied, and commercial space assets as an asymmetric means of countering or reducing U.S. military operational effectiveness, intelligence capabilities, economic and societal stability, and national will."
This deserves headlines of its own!!
Big BUMP!
Is this your work or Mia T's? It is terrific and deserves to become as widely known as "SoreLoserman" was
With apologies to and much empathy for those who have lost so much in the Enron debacle, this is a MUCH BIGGER story than Enron.
The DEMS are in this up to their freakin' eyeballs and if the Chicoms get their hands on the most extensive fiber network on the planet, the results could be serious beyond our imagination.
We need to keep talking about this until every American recognizes the names Hutchison- Whampoa and Li Ka-Ching, (LOL) since our all-powerful 'mainstream' media are totally unconcerned about the future of the Republic.
Thanks for the kind words.
I'll do my part to keep the fire spreading -- right up to Clinton's backside.
from the article:
What's not stated is that for years Winnick worked for defunct investment banker Drexel Burnham Lambert and was a close associate of convicted junk-bond king Michael Milken before striking out on his own in 1985.
The book Den of Thieves says Milken continued to be involved in Winnick's deals after the split. But a person in Winnick's office said Milken was "absolutely not" involved in Global. Sources close to Winnick said the two dissolved their last partnership in 1991.
maybe I missed it before but I didn't know Winnick was associated with Milkin. I guess he had a good teacher.
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