Posted on 01/04/2003 3:06:52 AM PST by Elkiejg
On Christmas Eve, the Justice Department of the United States of America meekly announced it would not seek the indictment of Gary Winnick, one of the biggest corporate villains in American history. Attorney General John Ashcroft chose Christmas Eve to make the announcement because he didn't want you to know about it. Mr. Ashcroft is excellent at not seeking indictments. His department was unable to indict Senator Robert Torricelli, despite solid evidence he was on the take. It was unable to pin down any wrongdoing in the vote-buying investigation involving the town of New Square, N.Y., where, in the 2000 senatorial election, 1,400 citizens voted for Hillary Clinton, and 12 did not. A month after that vote, four incarcerated town leaders had their prison sentences reduced by President Bill Clinton. It was all just a strange coincidence, of course, and we should all have a good laugh over it, right, Mr. Attorney General?
But let's give Ashcroft a rest for a moment and get back to the wicked Winnick. As chairman of the Global Crossing company, Winnick moved the corporate headquarters to Bermuda so he could dodge U.S. taxes, was paid millions in salary and made more than $730 million from various deals involving the company's stock. The problem was that at the same time Winnick was winning, the company was losing. Finally, it sunk. A year ago, Global Crossing declared bankruptcy with as much as $42 billion in debt.
Gary Winnick was chairman throughout the entire process and lived large whether times were good or bad. If you are ever in Los Angeles, take a ride to the Bel Air neighborhood. Turn off Sunset Boulevard onto Stone Canyon Drive. Then ask anyone where Gary lives. You should have no problem checking out his $60 million home, which has been embellished by $30 million in renovations. It's quite a place, especially for a guy who drove a company into bankruptcy.
There is a chance that the leader of the Democratic National Committee, Terry McAuliffe, has had a cocktail or two at the Winnick abode. That's because McAuliffe and Winnick were golfing buddies when President Clinton was in office. And not only that, McAuliffe was an early investor in Global Crossing. He put up $100,000 and a few years later cashed out for $18 million. When asked about the windfall, McAuliffe said he was simply a good capitalist, and if you don't like capitalism, you should move to China or Cuba. Any suspicion of insider info in his Global Crossing adventure is nonsense, says McAuliffe. How could any responsible person think that?
Well, certainly John Ashcroft has no problem with McAuliffe or Winnick reaping obscene profits from a failed company. Santa Ashcroft gave Winnick the best Christmas gift of his life -- a stay-out-of-jail-free card. After all, prison would have put a major crimp in Winnick's style, I mean, who would care for the yacht and lavish homes all over the country? Terry McAuliffe, maybe?
Anyway, last week, the few souls left standing at Global Crossing forced Winnick to resign, and the rogue issued this statement: "I deeply regret that so many good people involved with Global Crossing also suffered significant financial loss."
Also? Is Winnick implying he has suffered? His statement went on to point out that Gary, himself, has put up $25 million to compensate current and former employees who lost money investing in the company's retirement plans. No word yet on how much McAuliffe will put up.
Of course this whole thing smells worse than a paper mill in August, but no aroma can permeate the solid walls at the Justice Department. Things there smell just fine, thank you, and the people's work is getting done. America, you see, was founded on equal justice and opportunity for all, especially for connected rich guys like Winnick and McAuliffe. This is a great country, and if you don't believe me, just imagine yourself failing dismally at your job and then driving home to your $90 million house, passing everyday folks who lost thousands in Global Crossing stock along the way. That's a real Norman Rockwell image for you. Or maybe a John Ashcroft image.
1) To not demand Colin Powell's resignation for to many reasons to list. Namely getting the UN involved in our foriegn affairs and other PeaceNik double-speak.
2) The almost done deal with Pres. Fox of Mexico on immigration right before 9-11. AND what is the deal with the whipserings of including Mexico into our Social Security system. mercy :(
3)Spend and spend again Mr. President. Not in the true Republicican playbook. He'd make a any hardcore Liberal proud.
4) Attempting to be to much to to many. Anyone remember the FarmBill? HUGE! and yes honey we need to eat but look into it, wish I had a cut under the terms that passed in it.
Why did he let Clinton slide on Marc Rich??? I understand tons of evidence. Look the other way?? Liberals would have crucified US! Torcelli??? give me a break.
5) What about our borders Mr. President??
6) Losing our Bill of Rights and the infrigement of the Constitution just so people will feel "safe". What an illusion. You'll see.
7) INS policy just to be Politically Correct. Too many more to list.
8) His push for tort reform against the medical community. He'll say attorneys but Frist is in place just for this purpose I believe. I work in a hospital, folks you don't want that to happen I promise.
I am in agreement in foriegn policy, the tax cut, and ahem....hmmmm, give me a sec., oh in the choice of his beautiful wife Laura, and hmmmm.
The bottom line IMO is he wants to give, give, and give some more. Our falling dollar and trade deficit are taking us a little closer to the financial brink. The interest is going to exponentially be the final nail. Who is going to finally pay for all this???
Mercy in Heaven! Doom and Gloom I'm not. It's reality IMO here and now. You are entitled to life as you see it.
So few want to expose and view things in the light of His truth anymore. Or to afraid to speak out and let your yea be yea, and nays, nays. In peace.
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Boilerplate Whitewater ~right down tothe straw-man father-in -law
By September it was revealed that Terry had underwritten the Clinton Mortgage in NY ~ the case seems to have died
ELECTRICAL WORKERS (IBEW)
DOL Sues Union Fund Tied to Clinton-Crony McAuliffe
The U.S. Dep't of Labor filed suit May 5 against two trustees of the $8.3 billion Nat. Electrical Benefit Fund charging improper dealings between the fund and top Clinton-fundraiser Terence R. McAuliffe. According to DOL, NEBF trustee John Grau and ex-trustee Jack F. Moore imprudently lent over $6 million in pension assets. NEBF is operated jointly by the Int'l Bhd. of Electrical Workers, from which Moore retired as secretary in 1997, and the Nat. Electrical Contractors Ass'n, of which Grau is a vice president.
The scam involved a $6 million loan in 1992 to Columbia Land & Development Corp. of Orlando to buy a subdivision called Country Run which was to be developed into 545 lots. McAuliffe and his wife, Dorothy S. McAuliffe, own Columbia. The loan was in default from Dec. 1992 to Oct. 1997. DOL says NEBF should have known the loan couldn't be repaid in full with interest. The suit seeks the trustees to reimburse the fund for losses, including interest.
The McAuliffes also own Am. Capitol Management, a partner with NEBF in a separate investment called Am. Capitol Group I Assets LP, which guaranteed payment of the Columbia loan. In a separate 1991 investment, NEBF paid $38.7 million to buy five apartment complexes and a shopping center near St. Petersburg. The partnership bought the properties from the Resolution Trust Corp., which had taken control of them from a bank in receivership that had been owned by McAuliffe's father-in-law.
DOL alleges NEBF imprudently purchased a $2.45 million interests in ACGIA, a move that reduced the value of the ACM guarantee on the Columbia loan. McAuliffe's holdings in ACM had been collateral for the loan. The suit further alleges trustees made one of the purchases in the ACM partnership even though the Columbia loan was in default. The pension fund then reportedly sold its share of the partnership and the Columbia loan to ACM at a loss. [Pensions & Investments 5/17/99]
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Bush was elected to serve Clintons third term
Which part of this is illegal?
You guys must really be sad. You don't like Democrats, you don't like Republicans, you don't like anyone except someone that sees the world 100% the way you do. Hey, I know, why don't you run for president?
Have fun guys in your world, I am going back now to the real world were we don't always get what we want.
Which looks best to you?
The mustache? The tiny tie?
Pale skin? Double chin?
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