Breaking:Citi-Group About To Release Enron Like Problem

FOX,CNBC | 7-22-02 | my favorite headache

[My Favorite Headache]

Radio and I just see FOX reporting this. Big lender to worldcom and other giants...in trouble.Markets now back to falling...here we go.

[rintense]

The number one contribtuor to Joe Lieberman??? Citigroup

[kcvl]

Rank
Industry
Total
Dem Pct
GOP Pct
Top Recipient

1
Lawyers/Law Firms
$18,875,728
69%
31%
Jean Carnahan (D-Mo)

2
Retired
$10,770,372
40%
60%
Paul Wellstone (D-Minn)

3
Health Professionals
$10,455,296
44%
56%
Greg Ganske (R-Iowa)

4
Real Estate
$9,080,977
51%
49%
Charles E. Schumer (D-NY)

5
Insurance
$8,052,856
39%
61%
Max Baucus (D-Mont)

6
Securities/Invest
$7,789,020
55%
45%
Charles E. Schumer (D-NY)

7
Transport Unions
$6,373,192
80%
20%
Don Young (R-Alaska)

8
Leadership PACs
$6,079,583
37%
63%
J. Randy Forbes (R-Va)

9
Commercial Banks
$6,026,964
41%
59%
Charles E. Schumer (D-NY)

10
Electric Utilities
$5,878,934
39%
61%
John D. Dingell (D-Mich)

11
Industrial Unions
$5,061,034
96%
3%
Ted Strickland (D-Ohio)

12
Lobbyists
$5,010,680
52%
48%
Max Cleland (D-Ga)

13
Bldg Trade Unions
$4,945,428
86%
14%
Stephen F. Lynch (D-Mass)

14
Oil & Gas
$4,748,003
30%
70%
James M. Inhofe (R-Okla)

15
Public Sector Unions
$4,731,870
87%
12%
Tim Johnson (D-SD)

16
Telephone Utilities
$4,035,038
45%
55%
Charles W. "Chip" Pickering Jr (R-Miss)

17
Air Transport
$3,944,891
41%
59%
John D. Rockefeller IV (D-WVa)

18
Pharm/Health Prod
$3,929,844
37%
63%
Nancy L. Johnson (R-Conn)

19
Business Services
$3,800,571
53%
47%
Carl Levin (D-Mich)

20
Crop Production
$3,715,745
42%
58%
Saxby Chambliss (R-Ga)

21
TV/Movies/Music
$3,689,822
62%
38%
Howard L. Berman (D-Calif)

22
General Contractors
$3,616,372
32%
68%
Mitch McConnell (R-Ky)

23
Automotive
$3,413,203
35%
65%
John D. Dingell (D-Mich)

24
Accountants
$3,170,698
37%
63%
Charles E. Schumer (D-NY)

25
Computer Equip/Svcs
$2,911,871
53%
47%
Zoe Lofgren (D-Calif)

26
Hospitals/Nurs Homes
$2,900,167
49%
51%
Nancy L. Johnson (R-Conn)

27
Misc Mfg/Distrib
$2,786,958
37%
63%
Charles E. Schumer (D-NY)

28
Retail Sales
$2,766,809
35%
65%
Tim Hutchinson (R-Ark)

29
Misc Finance
$2,705,090
47%
53%
Charles E. Schumer (D-NY)

30
Pro-Israel
$2,507,491
65%
35%
Carl Levin (D-Mich)

31
Defense Aerospace
$2,357,134
36%
64%
Ted Stevens (R-Alaska)

32
Misc Unions
$2,215,993
91%
8%
Paul Wellstone (D-Minn)

33
Education
$2,180,045
67%
33%
Paul Wellstone (D-Minn)

34
Food Process/Sales
$2,077,986
29%
71%
Tim Hutchinson (R-Ark)

35
Agricultural Svcs
$2,069,337
37%
63%
Thad Cochran (R-Miss)

36
Beer, Wine & Liquor
$2,015,189
44%
56%
Richard A. Gephardt (D-Mo)

37
Construction Svcs
$1,990,299
48%
52%
Robert Menendez (D-NJ)

38
Misc Business
$1,931,254
44%
56%
Max Cleland (D-Ga)

39
Telecom Svcs/Equip
$1,905,857
52%
48%
Max Cleland (D-Ga)

40
Food & Beverage
$1,863,349
31%
69%
Saxby Chambliss (R-Ga)

41
Misc Defense
$1,711,104
32%
68%
Duncan Hunter (R-Calif)

42
Home Builders
$1,641,680
36%
64%
Lindsey Graham (R-SC)

43
Finance/Credit
$1,635,783
47%
53%
Susan Collins (R-Maine)

44
Building Materials
$1,549,755
27%
73%
Jeff Sessions (R-Ala)

45
Candidate Cmtes
$1,540,709
43%
57%
J. Randy Forbes (R-Va)

46
Railroads
$1,538,258
28%
72%
Don Young (R-Alaska)

47
Defense Electronics
$1,505,716
43%
57%
John P. Murtha (D-Pa)

48
Tobacco
$1,444,146
25%
75%
Mitch McConnell (R-Ky)

49
Chemicals
$1,407,645
31%
69%
George V. Voinovich (R-Ohio)

50
Civil Servants
$1,240,531
58%
41%
Max Cleland (D-Ga)


Based on Data released by the FEC on Monday, June 03, 2002.

[My Favorite Headache]

#1 and # 2 hmmm? No wonder the liberal media is burying this story and only mentioning it briefly now.

[rintense]

Guess who is number 9 on John McCain's list of top contributors??? Citicorp

[kcvl]

JOSEPH I. LIEBERMAN (D-CT)
Top Contributors
1 Citigroup Inc $59,296
2 United Technologies $36,000
3 Hartford Financial Services $29,850
4 Pfizer Inc $27,650
5 New Democrat Network $27,198
6 Aetna Inc $20,000
7 General Electric $19,246
8 Richman Group $16,000
9 Northeast Utilities Service Co $15,900
10 American International Group $15,000
11 MacAndrews & Forbes $14,000
12 National Jewish Democratic Council $13,900
13 American Health Care Assn $13,000
13 Apollo Management $13,000
13 Starwood Capital Group $13,000
16 Purdue Frederick $12,500
17 GlaxoSmithKline $12,000
17 Rite Aid Corp $12,000
19 Microsoft Corp $11,500
19 National Westminster Bank $11,500

[jumpstartme]

Citigroup is in neck deep. Not only did they lend unsecured loans to both WCOM & Enron, it was their bonds broker and street advisor at Salomon Barney Frank (a Citigroup company) who artificially inflated the value of WCOM until the fraud was revealed.

That's right, they lent them millions in unsecured loans while acting as street advisor on the relative atrength of same said company. Any conflict of interest there? No, nothing more to see here. Move along.

[kcvl]

TOM DASCHLE (D-SD)
Top Contributors
1 Northwest Airlines $44,150
2 Citigroup Inc $40,000
3 Qwest Communications $32,500
4 HealthSouth Corp $29,300
5 AOL Time Warner $25,000
6 Bear Stearns $24,500
7 Gateway Inc $22,000
8 Bank of America $21,000
9 Laborers Union $19,000
10 SBC Communications $18,225
11 AFL-CIO $18,000
12 Natl Assn Insurance & Financial Advisors $17,500
13 Joseph E Seagram & Sons $17,000
14 DreamWorks SKG $16,500
15 Verner, Liipfert et al $16,350
16 AFLAC Inc $15,250
17 Chicago Board Options Exchange $15,000
18 Loral Spacecom $14,500
18 Verizon Communications $14,500
18 Vivendi Universal $14,500

[rintense]

Citicorp is number 13 on the list of top contributors to the Republican Party. Citicorp does not appear on the Dems top contributors list. A company which stands to gain a lot from Worldcom's demise- AT&T, is number 18 on their list.

[kcvl]

JOHN MCCAIN (R-AZ)
Top Contributors
1 Qwest Communications $108,450
2 Goldman Sachs $73,720
3 Merrill Lynch $69,150
4 Verizon Communications $68,300
5 Viacom Inc $64,604
6 AT&T $63,500
7 BellSouth Corp $58,300
8 AOL Time Warner $58,025
9 Citigroup Inc $51,950
10 Microsoft Corp $49,349
11 CSX Corp $42,075
12 UBS Warburg $41,100
13 Del Webb Corp $40,450
14 Morgan Stanley $40,100
15 Nomura Securities International $39,748
16 Mashantucket Pequot Tribe $38,850
17 SBC Communications $37,250
18 Pinnacle West Capital $36,550
19 Credit Suisse First Boston $35,050
20 Union Pacific Corp $34,500

[rintense]

Now... look at all the telecom firms that have contributed to Tom Daschle... does anyone else see a conflict of interest here?

[jumpstartme]

Interesting. 3 of the top 5 contributors to Dasshole have SEC investigations going on. Qwest Communications, Citigroup and AOL Time Warner.

Oh yeah, it's Bush that allowed all these shenanigans, I forgot.

[Southack]

"Maybe, but he is obviously in the "Too rich to go to jail" catagory."

Michael Milken tried out that line, and it didn't work too well for him thanks to Guilianni...

[liberallarry]

If Mr. Rubin can be shown to have had the same - or a more damaging relationship - to the Enron/Citigroup deal that Bush had with Harken, this market is finished.

[jumpstartme]

It's McCain's telecom contributions that should be examined. He has sat on the Telecom committee for years. Intersting guy, he authors and pushes CFR, while taking more money from top contributors than most others. McTake has always been on the take.

[Southack]

The rumor mill in Alabama is that the #4 contributor to Dashcle, HealthSouth, is about to massively restate earnings due to accounting shenanigans.

The Dems are piling up quite a list of dubious companies for which they owe favors...

[kcvl]

WorldCom Contributions
to Current Members of the Senate, 1989-2002*

Name
Grand Total
From PACs
From Individuals

Ernest F. Hollings (D-SC)
$32,166
$27,000
$5,166

Byron L. Dorgan (D-ND)
$28,000
$21,000
$7,000

John McCain (R-Ariz)
$23,900
$18,000
$5,900

James M. Inhofe (R-Okla)
$23,750
$14,500
$9,250

Patrick J. Leahy (D-Vt)
$23,250
$1,000
$22,250

Ron Wyden (D-Ore)
$19,500
$19,500
$0

Tim Johnson (D-SD)
$19,000
$16,500
$2,500

Christopher S. Bond (R-Mo)
$17,625
$8,000
$9,625

Conrad Burns (R-Mont)
$17,000
$14,000
$3,000

Barbara Boxer (D-Calif)
$16,115
$13,000
$3,115

Trent Lott (R-Miss)
$15,750
$12,500
$3,250

Orrin G. Hatch (R-Utah)
$15,000
$6,500
$8,500

Max Cleland (D-Ga)
$14,000
$13,000
$1,000

Mike DeWine (R-Ohio)
$13,500
$12,000
$1,500

Jack Reed (D-RI)
$13,500
$13,500
$0

George V. Voinovich (R-Ohio)
$12,000
$12,000
$0

John Kerry (D-Mass)
$11,810
$3,010
$8,800

Fred Thompson (R-Tenn)
$11,600
$9,100
$2,500

Peter G. Fitzgerald (R-Ill)
$11,500
$7,850
$3,650

Ted Stevens (R-Alaska)
$11,000
$11,000
$0

Blanche Lambert Lincoln (D-Ark)
$10,425
$9,925
$500

Barbara A. Mikulski (D-Md)
$10,400
$10,400
$0

Robert G. Torricelli (D-NJ)
$10,050
$7,550
$2,500

Charles E. Grassley (R-Iowa)
$10,000
$10,000
$0

Richard J. Durbin (D-Ill)
$9,915
$7,500
$2,415

George Allen (R-Va)
$9,500
$7,000
$2,500

Tom Daschle (D-SD)
$9,500
$9,500
$0

Tom Harkin (D-Iowa)
$8,750
$8,250
$500

Max Baucus (D-Mont)
$8,500
$7,500
$1,000

Dianne Feinstein (D-Calif)
$8,500
$5,000
$3,500

Pete V. Domenici (R-NM)
$8,499
$8,499
$0

Ben Nelson (D-Neb)
$8,000
$8,000
$0

Thad Cochran (R-Miss)
$8,000
$8,000
$0

Daniel K. Inouye (D-Hawaii)
$8,000
$8,000
$0

Jeff Bingaman (D-NM)
$7,500
$7,500
$0

Evan Bayh (D-Ind)
$7,250
$6,250
$1,000

Jon L. Kyl (R-Ariz)
$7,000
$7,000
$0

Edward M. Kennedy (D-Mass)
$6,700
$3,000
$3,700

[rintense]

I was astonished at all the 'soft money' McCain has received. I'm willing to give the benefit of the doubt to most anyone, but McCain's push for CFR just doesn't strike me as genuine or honest.

[desertcry]

How could he be in charge of something sleazy Oh yeah? The motto during the clinton years was: Push ethics to just a little South of illegality, and follow the example of the Commander in Cheat. If you get caught, ask the law inforcing Intity what IS is. Is is just a mistake, so let's move on.

[rintense]

Seems to me that Dems dominate that list.

[Destructor]

Well, good! Stock ought to get cheaper than dirt now! Personally, I never had much use for "Shitty Bank." Not even as an investment!