MARTHA THRIVED ON BUDDY SYSTEM: well-connected ride stock gravy train; can you say Terry McAuliffe?

NY POST ^ | 7/7/02 | TERRY KEENAN

[Liz]

( G. H. W. Bush got $80,000 in Global Crossing stock) ... in lieu of a
speakers fee. The same kind of speakers fee Slick gets $200 thou for ...

The Slickster's actual fee is about par with past president's but you must remember, WJC's fees include laundered money stashed away while he was in office, that he's picking up now in the guise of speaker's fees.

[dtel]

"Congressional investigators, however, do not believe the document exonerates Stewart, the official said. That's because Bacanovic's assistant, Douglas Faneuil, told Merrill Lynch lawyers that no "stop-loss" order to sell the shares at $60 ever existed and that Bacanovic had urged him to lie and say one did."

Above from your link.
Here is the smoking gun, it will be interesting to see if it gets "extinquished".

[Liz]

It's quite obvious why Algore had to win. Not to save the trees but to save the stock market. They built a house of cards just like Japan and the BOJ did in the 80's. When it collapsed on W's watch, they thought they could just point and say "see, George caused this". But the truth is seeping out and the realization that the earnings reports from the 90's are now all suspect. It will take years to sort out, and there will be more Enrons, Global Crossings, etc. Just keep watching those corporations that had suspect sales reports and used Andersen as their accounting firm....

Agreed. We've seen only the tip of the iceberg. The Clintons' bubble economy was a sham. A pyramid scheme worthy of Ponzi, jerry-built to keep the two connivers in office and to lay the groundwork for Hitlery's prez run (barf). Thanx for your great post.

[Liz]

.......you are aware that G. H. W. Bush got $80,000 in Global Crossing stock (worth more than $14 million at the height of the bubble), aren't you? Surely you aren't suggesting that he's in on the deal as well, are you?

..........comparing apples with oranges........

[1234]

...Winnick... has pledged $40 million of his wealth to build the Winnick Institution Jerusalem, which will focus on global issues of peace and tolerance. He also funds other pro-Israel programs, including one that sponsors Jewish-American students who wish to visit the country for the first time.

heartening to know he hasn't forgotten his roots

[Rocko]

Bump.

[Liz]

..................ping........ ............

[rohry]

Thanks for the ping. I already knew much of how the IPO system worked. I had CNBC on (for background noise) while I worked throughout the great runup in 1998-2000. I kept seeing insiders get preferential treatment as the various companies' stock went from 15 to 280 (or whatever). On the stocks susequent plunge, many of those people were allowed to sell (like our buddy Terry). This was a continuation of the cattle futures scam, make a fortune with no downside risk.

[Liz]

I already knew much of how the IPO system worked. I had CNBC on (for background noise) while I worked throughout the great runup in 1998-2000. I kept seeing insiders get preferential treatment as the various companies' stock went from 15 to 280 (or whatever). On the stocks susequent plunge, many of those people were allowed to sell (like our buddy Terry). This was a continuation of the cattle futures scam, make a fortune with no downside risk.

Thanx for the post and the "eyewitness" report. But let's not forget.....these are members of the (barf) "party of the people."

The old saying applies here:" There's always someone saying they are for their fellow-man and willing to make a buck on it."

[Angelique]

LOL Perfection

[Angelique]

There is no question that the Clinton admin just fed these crooks. Moreover, you are right that Gore HAD to win for this reason. How sad that Ashcroft did not put them behind bars, but I do understand the consequences of such an action.

It may just be rumor, but I heard smarmy Martha will be giving up her show. It may be pressure. Isn't it incredible how the Clintons just put their dishosest deeds right in our face, and actually got away with it.

[Nuke'm Glowing]

Thank you. And if you have the hutspa and income to short the market, study the Andersen client list. It could prove quite profitable.

[Liz]

There is no question that the Clinton admin just fed these crooks.........

It just disgusts me how the conniving Clintons acted like partners in crime, to game the system while holding the highest office in the land, as the leader of the free world.

[Liz]

Nice tip.........