[NormsRevenge]

DUMP DAVI$ & the Den of Socialists

GO SIMON

[goldstategop]

The liberal media is writing Bill Simon's political obituary. They figure he's politically dead. After all, why would California voters entrust the state government to a crooked CEO?

[RightOnTheLeftCoast]

Funny... back in 2000, when Bill Simon first crossed my radar screen, I did a little research and found the Hindelang episode. By then Hindelang had been fired, and the question in my mind was how the heck did he manage to make it past Simon & Sons' due-diligence process? It was obviously a very costly oversight... and now it's gone even more costly!

Well, it turned out that the due-diligence had been performed for Simon & Sons by Deloitte & Touche. Interesting... a friend who is an (exceptional!) business-intelligence researcher found tons on Hindelang in the public record in a few minutes, but D&T had managed to miss it all. IMHO Simon & Sons might have a case against D&T for their failure to find this stuff.

I'm trying to dig up the information again and will post any public-domain stuff as I can.

[Always Right]

"At some point, don't reasonable people have to say to themselves, wait a minute, how can you have all of these foul-ups, fiascoes and fraud allegations if there's nothing there?"

Somehow I think of Bill Clinton when I read that line. Doubt if the Sacramento Bee did.

[Gophack]

"Now we have a company being sued for fraud that has his name on it, and we didn't even know about the company," South said. "That tells you something about his so-called disclosure. How much more is out there that we don't know about?"

Because Simon wasn't named in the suit, and Simon wasn't involved in the transaction.

But Democrats lie.

[daviddennis]

Well, if South has all this wonderful fodder, one wonders why his recent negative ads are so weak.

Was Bill Simon actively working with the Simon Family Trust at the time of this investment debacle? I don't think so, in which case he's entirely off the hook, and the only thing this situation has in common with him is the use of the same last name.

From what I see of the lawsuit, the plaintiff is saying that the Simons made the investment, with the allegedly hidden desire that it be grown quickly and taken public. I would be very surprised if this intention was not made clear to the plaintiff, since generally that's the only reason someone like Simon would make such a substantial investment in such a company. In fact, investors will usually make the possible fulfullment of the original owner's dream of riches a primary reason for accepting their help.

So I simply do not believe the allegations in this lawsuit.

I don't think there are many investors of Simon's stature who don't have a few clunkers in their portfolio. His overall performance indicates pretty strongly that his winners outnumber losers, or at least outscore losers, by substantial amounts.

I have to say that the tone of this article is pretty upsetting. I believe the Simon camp: With Gray Davis as governor, any opposition to him is going to be at least listened to.

However unpleasant the allegations in this case may be, they're not even close to Gray Davis' brilliant job at running the state into the ground. I mean, really, if he'd come into office with the express desire to do so, could he have done any better?

D

[ZULU]

"California's political establishment was caught by surprise by the verdict, reached in a Los Angeles courtroom Tuesday."

Probably the same kind of jury that found O.J. innocent. Those Dems know how to manipulate the system.