[operation clinton cleanup]

Go Terry, Go!

DNC Chair Caught in Global Crossing Scandal
JW Investigates McCauliffe’s Link to Bankrupt Company

When Enron filed for bankruptcy, the largest in our nation’s history, Clinton crony Terry McAuliffe was among the first to cast his verbal stones. The DNC Chairman criticized greedy Enron executives for hurting the “small people,” calling for a full investigation. He lashed out at the wealthy special interests. He questioned the company’s ties to the Bush Administration. Armed with what he perceived to be a winning campaign issue against Republicans and their popular president, McAuliffe was relentless. Ironically, the Bush Administration’s cozy ties with Enron are subject to JW’s investigation.

So why has the Democratic Party’s most spotlight hungry mouthpiece faded from view? Two words. Global Crossing.

While the SEC and FBI begin to probe the questionable accounting practices of telecommunications giant Global Crossing, Ltd., which went belly up on January 28, Judicial Watch has launched a full investigation into Terry McAuliffe’s ties to the company.

In what is an unprecedented case of political profiteering, McAuliffe turned a $100,000 initial investment in the company into $18 million in less than a year and a half—a nifty 18,000% profit. According to the New York Times, McAuliffe made millions more trading the stock and options after the company went public in 1998.

[misterrob]

Global Crossing got some good bandwith contracts from the government. It was possible for someone to put $100K up and see their investments skyrocket but you would have to have some good inside info on a company.