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Please leave this in Breaking News.

The NY Times is running with this story, expect to see it all over the news this week.

Hopefully if we get the facts out there, we can head them off at the pass.

I would suggest that it's one prong of Kerry and the DNC's attempt to fend of the Swifties, but I don't need tinfoilman pictures pasted all over this thread. ;)

1 posted on 08/28/2004 12:29:43 AM PDT by adam_az
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To: adam_az

Excellent info! Such propaganda (re: the original story) is meant for the voluntarily ignorant who don't intend to educate themselves regarding the truth. Soundbite logic is the extent of their moral compass... always pointing Left.


78 posted on 08/29/2004 12:47:03 AM PDT by Mr.Atos
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To: adam_az

That loser Josh Marshall was talking about this this week. He acknowledged that Barnes has always said neither Bush nor his fater nor anyone on their behalf contacted him to get W into the Nat'l Guard.

Marshall basically hoped Barnes would just make something new up.

Crappola like that is why Marshall can't get steady work even at CNN.


81 posted on 08/29/2004 1:44:18 AM PDT by CalRepublican
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To: adam_az

Its going to backfire on them. It shows disrespect of a sitting President. They doing to Bush what we tried to do to Clinton. Unbelievable. The Democrats can't defend their own candidate so they feel compelled to discredit Bush's National Guard service when the truth of the matter is ALL the facts are on the President's side. NONE of the facts are on Kerry's side vis a vis the Swifties.


82 posted on 08/29/2004 1:44:32 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: adam_az
 

http://66.102.7.104/search?q=cache:EjVANS30yUEJ:www.texasmonthly.com/archive/barnes.php+%22Ben+Barnes%22+++texas+speaker+&hl=en

What ever happened to Ben Barnes? Having worked for Barnes during much of the eight years he was at the pinnacle of the Texas power structure—first as Speaker of the Texas House from 1965 to 1969, then as lieutenant governor from 1969 to 1973—I sometimes find it hard to imagine Barnes existing outside of politics. Does he now pout in self-exile, cursing Frank Sharp, the Houston financier whose manipulations led to Barnes' downfall? Is he secretly planning campaigns for future political wars? Or has he settled for the life of a prosperous West Texan, desiring only peace and quiet and money?

 

 

>>>>>>>Seems to me Ben Barnes was speaker during the time he claims he helped Bush get into the Air National Guard

86 posted on 08/29/2004 2:06:54 AM PDT by dennisw (Allah FUBAR!)
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To: adam_az

Ben Barnes is so full of bs.


88 posted on 08/29/2004 5:50:40 AM PDT by freekitty
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To: adam_az
Why is "Barnes Regrets Helping Bush Avoid Vietnam" a story on Fox News? You have a Democrat hack that is joining the fray to slime Bush. A Democrat bashes Bush. This is news? And besides GW's unit could have been called up and sent to Vietnam. Right?

Perhaps Fox is stinging from charges that its bias toward conservatives and is just trying too hard to be "balanced." I stopped watching nbccbsabc et al. of the BS they spew and I can do the same with Fox and go all Internet all the time.
89 posted on 08/29/2004 6:04:16 AM PDT by PolishProud (A little song, a little dance, a little seltzer down your pants)
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To: adam_az

"Did it stick? Did it stick? Please tell me it stuck... Anyone? Anyone?!?"

90 posted on 08/29/2004 6:06:04 AM PDT by Caipirabob (Democrats.. Socialists..Commies..Traitors...Who can tell the difference?)
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To: adam_az; jrlc; Carl/NewsMax; Owl_Eagle; Grampa Dave; jmstein7

Part 2 is posted!

http://www.freerepublic.com/focus/f-news/1202419/posts


93 posted on 08/29/2004 10:43:24 AM PDT by adam_az (Call your State GOP office and volunteer!)
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To: adam_az

BTTT for later study.


97 posted on 08/29/2004 2:37:06 PM PDT by mrustow ("And when Moses saw the golden calf, he shouted out to the heavens, 'Jesus, Mary, and Joseph!'")
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To: adam_az
The New York Times did not mention Ben Barnes connections with John Kerry's campaign, or the DNC connections with the release of these videos... Mr. Barnes wasn't Lt. Gov yet in 1968, he was the UN Representative to Geneva. Previously, he US Representative to the NATO conference in 1967. He wasn't elected governor until 1969. The Republican party had it's first Republican majority in all three branches of government in Texas for the first time in 130 years in 2002. In 1968, there were only 8 Republicans elected to the State Legislature out of 150 seats. At the time, President Bush's father was one of Republicans elected in a state that was primarly Democrat., which did not put him into a position of great influence... Mr. John Lebowsky, CEO of Polycot Consulting LLC, who is the actual proprietor of GreaterDemocracy.org, and the person who Mr. Hynes says is hosting the Barnes videos.
thanks also for http://www.freerepublic.com/focus/f-news/1202419/posts

99 posted on 08/29/2004 5:20:41 PM PDT by SunkenCiv (Unlike some people, I have a profile. Okay, maybe it's a little large...)
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To: adam_az

103 posted on 08/30/2004 1:38:44 PM PDT by Grampa Dave (https://www.swiftvets.com/swift/ccdonation.php?op=donate&site=SwiftVets)
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To: adam_az
Here is some good dirt about Barnes' association with the Sharpstown scandal (probably the biggest political scandal in Texas history) in the '70s. He's not a credible witness.

The 

Handbook of Texas Online


SHARPSTOWN STOCK-FRAUD SCANDAL. Texas went through one of its traditional and periodic governmental scandals in 1971-72, when federal accusations and then a series of state charges were leveled against nearly two dozen state officials and former state officials. Before normalcy returned, Texas politics had taken a slight shift to the left and had undergone a thorough housecleaning: the incumbent governor was labeled an unindicted coconspirator in a bribery case and lost his bid for reelection; the incumbent speaker of the House of Representatives and two associates were convicted felons; a popular three-term attorney general lost his job; an aggressive lieutenant governor's career was shattered; and half of the legislature was either intimidated out or voted out of office. The scandal centered, initially, on charges that state officials had made profitable quick-turnover bank-financed stock purchases in return for the passage of legislation desired by the financier, Houston businessman Frank W. Sharp. By the time the stock fraud scandal died down, state officials also had been charged with numerous other offenses-including nepotism and use of state-owned stamps to buy a pickup truck.

In the 1972 electoral aftermath, incumbent Democrats were the big losers, although at the top level of officialdom it was a matter of conservative Democrats being replaced by less conservative Democrats. Using the scandal as a springboard, less conservative Democrats and Republicans carried the "reform" battle cry and also gained a stronger foothold in the legislature. Democrats, defensively, charged that the whole scandal atmosphere in Texas was a national Republican plot, originated in the Nixon administration's Department of Justice. But before the smoke cleared, Will Wilson, an ex-Democratic Texas attorney general, by then one of the top Texas Republicans in the federal government, was hounded from his position as chief of the criminal division of the Department of Justice because of his own business dealings with Sharp.

The political tumult that was to become known as the Sharpstown stock fraud scandal started out meekly, though symbolically, on the day Texas Democrats were gathering in Austin to celebrate their 1970 election victories and inaugurate their top officials. Attorneys for the United States Securities and Exchange Commission, late in the afternoon of January 18, 1971, filed a lawsuit in Dallas federal court alleging stock fraud against former Democratic state attorney general Waggoner Carr, former state insurance commissioner John Osorio, Frank Sharp, and a number of other defendants. The civil suit also was filed against Sharp's corporations, including the Sharpstown State Bank and National Bankers Life Insurance Corporation. But it was deep down in the supporting material of the suit that the SEC lawyers hid the political bombshells. There it was alleged that Governor Preston Smith, state Democratic chairman and state banking board member Elmer Baum, House Speaker Gus Mutscher, Jr., Representative Tommy Shannon of Fort Worth, Rush McGinty (an aide to Mutscher), and others-none of them charged in the SEC's suit-had, in effect, been bribed. The plot, according to the SEC, was hatched by Sharp himself, who wanted passage of new state bank deposit insurance legislation that would benefit his own financial empire. The SEC said the scheme was for Sharp to grant more than $600,000 in loans from Sharpstown State Bank to the state officials, with the money then used to buy National Bankers Life stock, which would later be resold at huge profits as Sharp artificially inflated the value of his insurance company's stock. The quarter-of-a-million-dollar profits were, in fact, made. But they weren't arranged by Sharp, the SEC said, until after Governor Smith made it possible for Sharp's bank bills to be considered at a special legislative session in September 1969, and Mutscher and Shannon then hurriedly pushed the bills through the legislature. (Smith later vetoed the bills on the advice of the state's top bank law experts, but not until he and Baum had made their profits on the bank loan-stock purchase deal.)

The state officials denied all the charges, asserting that they had obtained the bank loans and made the stock purchases purely as business transactions unrelated to the passage of Sharp's bank bills. But as the spring of 1971 droned into summer, political pressure mounted on Smith, Baum, Mutscher, and Shannon-even on Lieutenant Governor Ben Barnes, who had been connected in several tangential ways to Frank Sharp, his companies, and the bank bills. By the fall of 1971, when Mutscher and his associates were indicted, the politics of 1972 had begun to take shape. Incumbents moved as far away as possible, politically, from the "old system" and the current state leaders. New candidates came forward, some of them literally with no governmental experience, under a "throw the rascals out" banner.

Mutscher, Shannon, and McGinty were tried in Abilene, on a change of venue from Austin because of adverse pretrial publicity, in February and March 1972. The indictment charged the three men with conspiracy to accept a bribe from Sharp, and District Attorney R. O. (Bob) Smith of Austin said during the trial that Governor Smith was an unindicted coconspirator. Prosecutors acknowledged from the start that the case would be based entirely on circumstantial evidence, which produced legal technicalities inexplicable to laymen. But the jury needed only 140 minutes on March 15, 1972, after exposure to hundreds of pounds and hours of evidence, to find the Mutscher group guilty. The next day, at the request of the defendants, Judge J. Neil Daniel assessed punishment at five years' probation.

The conviction of the Abilene Three dramatically advanced the momentum of the "reform" movement, coming less than three months before primary elections, at which more legislative seats were contested than in any year since World War II.qv (Redistricting decisions by the federal courts added to the high percentage of electoral challenges, but the Sharpstown scandal generally was credited as the main factor.) In statewide races "reform" candidates also dominated. The Democratic governor's race saw two newcomers-liberal legislator Frances (Sissy) Farenthold of Corpus Christi and conservative rancher-banker Dolph Briscoe of Uvalde-run far ahead of Governor Smith, who was seeking a third term as governor, and Lieutenant Governor Barnes, whose seemingly inexorable rise to political prominence was ended when his reputation was tainted by the scandal. Briscoe defeated Farenthold in the runoff and later was elected governor; but Republican candidate Henry Grover of Houston and Raza Unida Partyqv candidate Ramsey Muñiz of Waco drew enough votes to make Briscoe Texas's first "minority" governor. For the state's second top executive branch job, voters chose moderate Houston newspaper executive William P. Hobby, Jr., over seven other Democratic candidates as lieutenant governor-also on a "reform" theme. Reform-minded moderate Democrat John Luke Hill of Houston, a former secretary of state, left a successful private law practice to defeat the popular three-term attorney general, Crawford C. Martin,qv who had been criticized for his handling of the stock fraud scandal and for his own relationship with Frank Sharp. The Democratic primary and the general election of 1972 also produced a striking change in the legislature's membership, including a half-new House roster and a higher-than-normal turnover in the Senate. Most of the newcomers were committed to "reform" in some fashion, regardless of their ideological persuasion. The voters simultaneously indicated that their confidence in the legislature had been restored to some extent, because they approved in November 1972 an amendment allowing the legislature to sit as a constitutional convention in 1974. The convention failed by three votes on July 30, 1974, to approve a proposed new constitution for the voters to consider (see CONSTITUTIONAL CONVENTION OF 1974).

The final impact of the stock fraud scandal on Texas politics occurred during the regular session of the legislature in 1973. The lawmakers, led by new House Speaker Marion Price Daniel, Jr.,qv of Liberty, a moderate and son of a former governor, with active support from Attorney General Hill and Lieutenant Governor Hobby and with verbal encouragement from Governor Briscoe, passed a series of far-reaching reform laws. Among other subjects, the legislation required state officials to disclose their sources of income, forced candidates to make public more details about their campaign finances, opened up most governmental records to citizen scrutiny, expanded the requirement for open meetings of governmental policy-making agencies, and imposed new disclosure regulations on paid lobbyists.

BIBLIOGRAPHY: Charles Deaton, The Year They Threw the Rascals Out (Austin: Shoal Creek, 1973). Sam Kinch, Jr., and Ben Procter, Texas under a Cloud (Austin: Jenkins, 1972). Vertical Files, Barker Texas History Center, University of Texas at Austin. Tracy D. Wooten, "The Sharpstown Incident and Its Impact on the Political Careers of Preston Smith, Gus Mutscher and Ben Barnes," Touchstone 5 (1986).

Sam Kinch, Jr.

Recommended citation:
"SHARPSTOWN STOCK-FRAUD SCANDAL." The Handbook of Texas Online. <http://www.tsha.utexas.edu/ha ndbook/online/articles/view/SS/mqs1.html> [Accessed Wed Sep 8 23:21:34 US/Central 2004 ].

105 posted on 09/11/2004 11:44:09 AM PDT by Paleo Conservative (Do not remove this tag under penalty of law.)
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