Posted on 01/28/2002 11:36:13 AM PST by GRRRRR
Go HERE to read the total article...From Rush's CALLER today to YOU DIRECT!
Just an exerpt:
The pattern continued. In 1995, Cincinnati billionaire Carl Lindner, whom McAuliffe had successfully courted as a donor, put up money for McAuliffe to buy American Heritage Homes, then the second-largest home builder in Florida. And in 1997, Los Angeles businessman Gary Winnick, also a Democratic donor, gave McAuliffe an early opportunity to invest $100,000 in Winnick's new company, Global Crossing, an owner and operator of undersea fiber-optic cables. When the stock subsequently soared, McAuliffe made a reported $18 million from that $100,000 investment. Two years later, McAuliffe arranged for Winnick to play golf with President Clinton, and Winnick then gave a million dollars to help build Clinton's presidential library.
Juicy!! GRRRRRollin'
When did McAuliffe cash out I wonder?
Enquiring minds want to know, in fact we deman to know who he talked to, what they said, blah, blah, blah....
And he was suffering through another bout of media criticism. Ever since the Gephardt campaign, McAuliffe had forged increasingly strong ties with representatives of organized labor; unions had become some of the Democrats' biggest soft-money donors. In 1996, McAuliffe had apparently coordinated a deal in which donors would give money to the AFL-CIO if the AFL-CIO contributed equal amounts to the Democratic Party. The plan seemed designed to funnel money to the campaign of Teamsters president Ron Carey—who was locked in a bitter election fight with challenger James Hoffa Jr.—in exchange for labor contributions to the Democrats. The money swap violated union bylaws and led to Carey's ouster. Both union and Democratic officials testified under oath that McAuliffe had been aware of the machinations, but McAuliffe insisted that he never knew that any of the money given to the AFL-CIO had made it into Carey's pockets. As recently as last summer there were whispers that McAuliffe might be indicted in the matter, but the case is growing cold, and an indictment now seems unlikely.
This guy makes sleazy...sleazy....
Hmmmmmm....FYI
Global Crossings Declares Bankruptcy
Source: Bloomberg Business Reports; Published: Jan 28, 2001Global Crossing Bankruptcy Steep Fall From Ambitious Start
Source: Dow Jones; Published: 01/28/02
Author:Christine Nuzum
Global Crossing is audited by accounting firm Andersen, which is currently embroiled in the scandal surrounding collapsed energy trader Enron. The accounting firm has come under attack for blessing Enron's books, which were later restated, and for admitting that its employees destroyed documents related to its audit of Enron.
Hi there, Sean! Load up the butter! Let's GREASE THE SKIDS! WOoo Hooooo
GRRRRRRollin--HiYa AV & Texas Freepers!
Didn't catch that caller... Must've been working...LOL
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.