[anymouse]

Couldn't happen to a nicer guy (Bernard Schwartz).

I bet the ChiComs sweep in to pick up the crumbs after Loral goes belly up.

Of course even this financial loss is a small consolation to our loss of national security brought on by Loral misdeeds.

[anymouse]

ping

[mattdono]

Wasn't this a major contributor to the Clinton/Gore administrations?

Hmmm....I am sure that I will see this tonight on the network news.

[KC_Conspirator]

Its amazing what happens to a company when their friends in government that accepted bribes and then waived trade restrictions to communists are no longer in office.

[RightWhale]

Looks like Loral is going to be absorbed by a bigger fish. There's at least 18 months before business picks up the pace again. Huge volume today, very systematic huge orders.

[Iwo Jima]

Did you see this? Obviously, Judicial Watch's suit has hit home. Yes, siree, Larry Klayman has singlehandedly brought Loral to its knees. Just by filing a lawsuit!

[eureka!]

Trading at 64 cents/share right now. Too bad Bernie will not feel the pain as will the shareholders/employees and, heaven forbid, future generations...

[mattdono]

It is really weird how Reuters didn't mention the connection(s) to the Clinton administration? </false hope>

I think that W's name (or reference to the administration's "favoring corporate welfare") was in about the second or third paragraph of just about every Enron/WorldCom/Tyco story I have ever seen.

Isn't that just weird? But there's no liberal bias in the media, right?

[ctonious]

The company, which has been hit hard by a slump in telecommunications and a downturn in satellite demand, did not indicate how soon it foresees profitability.

More like a slump in fire sales of critical US secrets to the Chinese.

And it's no surprise they did "not indicate how soon it foresees profitability", because they're not sure how soon a criminally corrupt Democrat would be back in the White House. They must not have much confidence in Hillary.

[PhiKapMom]

Thanks for posting! I hope this company goes belly-up! Notice how all the clinton's friend's companies are going down! Guess the Chicoms didn't invest enough money in loral!

[loveliberty]

Well, well, wellllll now....

Guess the Democrats are losing out on their "favors" for companies who supported Clinton.

Clinton's legacy is being played out now in America and across the world.

During his Administration, there was, as someone here said, "a casual downgrading of the U.S. military and intelligence forces, a grievous error that, as we now know, seriously damaged Washington's ability to protect the U.S. and its allies."

On the talk shows this week, there is talk about the Democrats' current efforts to try to link Bush and the Republicans to the Enron/WorldCom/Xerox scandals. Sorry, folks, that dog won’t hunt, as they say.

When you and your spin doctors tell us for eight (8) long years that personal honesty and character don't matter, and that a man's personal character has nothing to do with how competent and trustworthy he is on the job, there are certain dishonest types out here who will believe it and act on it. It will be interesting to see the extent to which it affected the honesty of school kids too.

Just as personal character traits--honesty, loyalty to principle, fidelity to trust, and ethical behavior--matter between family members and friends, it matters also between a CEO and his shareholders, employees, and customers; and it matters, even more, between a President and those to whom he is accountable--the people--as well as to the business leaders and foreign leaders who must know they should be able to rely on his word!

Eight years of dishonest and corrupt national leadership is now producing the fruits of such leadership. "We, the People," will have to bear the costs and the harm that ultimately results from allowing such a leader to poison the national well of thought for two full terms. The failures of Enron, WorldCom, Xerox, Arthur Andersen and others can be placed squarely on the lack of personal honesty and integrity of the men or women who were responsible for selfish and greedy use of power and the resulting harm to the rights of millions. They should pay the penalty of loss of personal freedom to do more such harm in their lifetimes.

By the same token, the former President of the United States and his spouse, whose personal lack of honesty and integrity and selfish and greedy use of power to advance themselves in a way that put the nation at risk, should be called to account for the example they set for the young and the old, and for the resulting harm they have caused to America and to generations yet unborn.

Too bad about the impact on Loral employees and the others, but companies that participate in giving aid to potential enemies of their country already have headed down a path with its own rewards.

[ohioman]

Hoefully, this Chi-COM lovin company will go belly up.

[dtel]

Putting my tin foil hat on and attaching securely.
What if the patterns that are developing in these companies are not random events but were planned well in advance?
Start a company on a false prospectus, reap in millions, donate many of these millions to various officials on both sides of the political aisle, scratch everybody's back so nobody goes to jail or suffers too harsh a penalty, watch America implode and laugh all the way to the bank.
Nah too incredible to be true.
Crumple hat, toss in ash can.

[dennisw]

WOT A SURPRISE!!!

[dennisw]

Bernie ******* the United States of America and now he ***** his shareholders. Don't get in bed with traitorous, sellout corporations like Loral. The way of the world!

[Dick Bachert]

Ala GX!

[CyberAnt]

We all think tooooo much alike - I was just thinking "it couldn't happen to a nicer bunch". I also think it is their just deserts for being a traitor to this country.

[Mudboy Slim]

Ping...MUD

[truthkeeper]

Couldn't happen to a nicer guy (Bernard Schwartz).

Goodness, you stole the exact words right from my keyboard. Heh-heh..

[TBall]

Still amazing to think that a $632,000 donation to the DNC was enough to buy dual use waivers for China. Man, Clinton sold us cheap.

[RightOnline]

Reap it, Bernie. We'll be thinking about all of that lovely rocket technology your pissant outfit provided to the ChiComms, thereby allowing them to have ICBM's targeted at (and capable of reaching) our West Coast.

What a d**k.