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TELECOM "ANALYST" COZY WITH WORLDCOM IN HOT WATER: D.C. POLS SUMMON DISGRACED BUSINESS EXECS
NY POST ^ | 6/28/02 | JESSICA SOMMAR

Posted on 06/28/2002 4:51:41 AM PDT by Liz

Edited on 05/26/2004 5:07:04 PM PDT by Jim Robinson. [history]

Subpoenas were flying from Washington to Wall Street yesterday as lawmakers demanded a public accounting for the WorldCom debacle from its disgraced big shots. Founder and former Chief Executive Officer Bernie Ebbers, current CEO John Sidgmore and Chief Financial Officer Scott Sullivan - the architect of the firm's accounting shenanigans - were summoned by the House Financial Services Subcommittee last night.


(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Crime/Corruption
KEYWORDS:

1 posted on 06/28/2002 4:51:41 AM PDT by Liz
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To: Liz
Good. It's about time these lying analysts get theirs.
2 posted on 06/28/2002 4:56:04 AM PDT by Rodney King
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To: Rodney King
Hey Rodney,

What about the $17.3 BILLION that the federal government has yet to account for in the fiscal year 2001?

Why aren't the bureuacrats that have stolen/missplaced/misspent the 17.3 BILLION being brought in front of a full panel of over-ambitious politicians?

3.8 Billion in Procedural Accounting vs. 17.3 Billion of completely unaccounted for funds (which, by the way, come from our taxes); which is worse?

3 posted on 06/28/2002 5:08:47 AM PDT by mattdono
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To: Liz
Why the hell does congress feel the need to get involved with all of this crap?Don't we have a court system?It's not like they don't have other important work to do.
4 posted on 06/28/2002 6:33:49 AM PDT by kennyo
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To: Liz
Grubman, a longtime WorldCom cheerleader, is in hot water for touting the troubled telecom's stock to investors even as it plunged sharply.

Grubman is big RAT donor Likes Teddy K.

5 posted on 06/28/2002 9:04:17 AM PDT by Mike Darancette
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To: Mike Darancette
Grubman is big RAT donor Likes Teddy K.

If you've got the FEC cites, please post them here. Appreciate it. Thanks.

6 posted on 06/28/2002 9:21:36 AM PDT by Liz
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To: kennyo
Why the hell does congress feel the need to get involved with all of this crap?

Congress could care less. Why interrupt their 3-day week for which they are well-compensated? But the phony baloneys up for reelection gotta show they're (barf) concerned (ha!) about constituents' getting screwed by these thieves. Course, Congressmen make out like bandits with insider stock info. Ask Sen Torricelli.

7 posted on 06/28/2002 9:24:50 AM PDT by Liz
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To: Liz
If you've got the FEC cites, please post them here.

Click Here and enter Grubman, Jack in the last name field.

8 posted on 06/28/2002 9:41:51 AM PDT by Mike Darancette
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To: Liz
Is Jack Grubman any relation to Lizzie Grubman of SUV slaughter fame?
9 posted on 06/28/2002 10:41:58 AM PDT by afraidfortherepublic
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To: Liz
... Congressmen make out like bandits with insider stock info. Ask Sen Torricelli.

Or "senator" Clinton.

10 posted on 07/01/2002 8:52:53 PM PDT by kennyo
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