Showing posts with label economic criminality. Show all posts
Showing posts with label economic criminality. Show all posts
Wednesday, February 14, 2007
Leaked Letter Shows GOP Treachery!
In other words, ignore the electorate, as well as the gray hairs and others who see this "surge" for what it is.
What was once a political boost has become a political dodge.
Leaked Letter Reveals GOP Strategy: Talk About Anything But Escalation
By Greg Sargent bio
So this explains a lot.
Senate Majority Leader Steny Hoyer's office has obtained a letter that GOP Reps. John Shadegg and Peter Hoekstra sent out to House GOP colleagues about escalation. The letter gives GOP members pointers on how they should approach the battle over it on the House floor this week.
Hoyer's office has now posted the letter on his Web site, and it lays bare the GOP's strategy for dealing with debate over the House's anti-escalation resolution and reveals just how worried party leaders are about having a genuine discussion about the "surge."
The letter says:
We are writing to urge you not to debate the Democratic Iraq resolution on their terms, but rather on ours.
Democrats want to force us to focus on defending the surge, making the case that it will work and explaining why the President's new Iraq policy is different from prior efforts and therefore justified.
We urge you to instead broaden the debate to the threat posed to Americans, the world, and all "unbelievers" by radical Islamists. We would further urge you to join us in educating the American people about the views of radical Islamists and the consequences of not defeating radical Islam in Iraq.
The debate should not be about the surge or its details. This debate should not even be about the Iraq war to date, mistakes that have been made, or whether we can, or cannot, win militarily. If we let Democrats force us into a debate on the surge or the current situation in Iraq, we lose.
Yep, so the advice here is this: GOPers shouldn't allow themselves to be lured into a "debate" about the single most important policy question facing us right now, because they might lose. Never mind how all this might impact the troops who actually have to go to Iraq. Healthy priorities, huh?
Also amusing is the letter's assertion that "Democrats want to force us to focus on defending the surge." Now why on earth would Dems want Republicans to justify a policy that will directly impact tens of thousands of people and their families? How unreasonable!
Wouldn't you know it, but during the House debate today many GOPers did indeed "broaden the debate" to the threat posed by "radical Islamists." Say this for your House Republicans: They're good at following orders.
Update: More from Think Progress.
(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. I.U. has no affiliation whatsoever with the originator of this article nor is I.U endorsed or sponsored by the originator.)
The Nazis, Fascists and Communists were political parties before they became enemies of liberty and mass murderers.
Friday, February 9, 2007
Bush's Uncle Under Investigation (surprise, surprise)
I can remember when we all thought that the idea that the Bush famliy, itself, was a sort of Ma and Pa crime ring sounded ludicrous. Yep, even knowing that old Prescott had, sort of, laundered money for the Nazis, even after the U.S. entere the fray.
It's true. The Bushes and Walkers even had their assets frozen.
Nevertheless, we now, to a number, believe that the Bush family, including close family allies, friends and business associates, who are usually guilty of something, themselves, make up the biggest, most dangerous crime family in American History
I see it as almost poetic justice that it is the eldest, self-confessed black sheep of a dark dynasty who finally OUTS a whole damn bed of rattle-snakes, as a result of his high-brow, barely hidden these days, incurious, intellectually challenged, frat boy-routine, as he drags the nation further and further down into an bottomless hell pitt.
By Tim McLaughlin
Reuters
Feb 7, 2007 — NEW YORK (Reuters) - President George W. Bush's uncle, William H.T. "Bucky" Bush, was part of a group of outside directors at a defense contractor who realized about $6 million in unauthorized pay from an options backdating scheme, according to U.S. securities investigators.
Bush and other non-employee directors who served on the board of Engineered Support Systems Inc., now owned by DRS Technologies Inc., are not accused of any wrongdoing in a civil complaint filed on Tuesday by the U.S. Securities and Exchange Commission.
The SEC complaint, however, says the non-employee directors benefited from stock options not approved by shareholders.
"As a result, the company provided significant additional compensation to its outside directors beyond what shareholders had approved," the SEC complaint said. "These same directors later realized approximately $6 million from the exercise of their addtional stock options."
The complaint did not break out how much Bush and the other outside directors received from a total of 132,000 shares of unauthorized shares.
Bush, whose brother is former President George H.W. Bush, was unavailable for comment. He served on St. Louis-based ESSI's board from 2000 until the St. Louis defense contractor was acquired last year for nearly $2 billion by DRS, which sells engineering services to the U.S. military.
Bush served on ESSI's audit committee and received $2,500 a month in consulting fees, an arrangement that later was ended for him and other outside directors. Bush also received a fixed amount of ESSI shares each year for his work on the board.
Before the DRS deal was approved in January 2006, Bush held ESSI shares worth $3.8 million, SEC filings show.
Between 1995 and early 2005, ESSI's stock climbed nearly 900 percent as the company sold cargo loaders, generators and trailers to the Pentagon. ESSI's board was politically connected and included several retired generals.
The SEC on Tuesday accused ESSI's former chief financial officer, Gary C. Gerhardt, and former controller, Steven J. Landmann, of orchestrating a backdating scheme that spanned six years. In all, executives and directors netted $20 million in unauthorized pay, according to the complaint filed in U.S. District Court in St. Louis.
Continued1. 2. NEXT»
(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. I.U. has no affiliation whatsoever with the originator of this article nor is I.U endorsed or sponsored by the originator.)
The Nazis, Fascists and Communists were political parties before they became enemies of liberty and mass murderers.
It's true. The Bushes and Walkers even had their assets frozen.
Nevertheless, we now, to a number, believe that the Bush family, including close family allies, friends and business associates, who are usually guilty of something, themselves, make up the biggest, most dangerous crime family in American History
I see it as almost poetic justice that it is the eldest, self-confessed black sheep of a dark dynasty who finally OUTS a whole damn bed of rattle-snakes, as a result of his high-brow, barely hidden these days, incurious, intellectually challenged, frat boy-routine, as he drags the nation further and further down into an bottomless hell pitt.
By Tim McLaughlin
Reuters
Feb 7, 2007 — NEW YORK (Reuters) - President George W. Bush's uncle, William H.T. "Bucky" Bush, was part of a group of outside directors at a defense contractor who realized about $6 million in unauthorized pay from an options backdating scheme, according to U.S. securities investigators.
Bush and other non-employee directors who served on the board of Engineered Support Systems Inc., now owned by DRS Technologies Inc., are not accused of any wrongdoing in a civil complaint filed on Tuesday by the U.S. Securities and Exchange Commission.
The SEC complaint, however, says the non-employee directors benefited from stock options not approved by shareholders.
"As a result, the company provided significant additional compensation to its outside directors beyond what shareholders had approved," the SEC complaint said. "These same directors later realized approximately $6 million from the exercise of their addtional stock options."
The complaint did not break out how much Bush and the other outside directors received from a total of 132,000 shares of unauthorized shares.
Bush, whose brother is former President George H.W. Bush, was unavailable for comment. He served on St. Louis-based ESSI's board from 2000 until the St. Louis defense contractor was acquired last year for nearly $2 billion by DRS, which sells engineering services to the U.S. military.
Bush served on ESSI's audit committee and received $2,500 a month in consulting fees, an arrangement that later was ended for him and other outside directors. Bush also received a fixed amount of ESSI shares each year for his work on the board.
Before the DRS deal was approved in January 2006, Bush held ESSI shares worth $3.8 million, SEC filings show.
Between 1995 and early 2005, ESSI's stock climbed nearly 900 percent as the company sold cargo loaders, generators and trailers to the Pentagon. ESSI's board was politically connected and included several retired generals.
The SEC on Tuesday accused ESSI's former chief financial officer, Gary C. Gerhardt, and former controller, Steven J. Landmann, of orchestrating a backdating scheme that spanned six years. In all, executives and directors netted $20 million in unauthorized pay, according to the complaint filed in U.S. District Court in St. Louis.
Continued1. 2. NEXT»
(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. I.U. has no affiliation whatsoever with the originator of this article nor is I.U endorsed or sponsored by the originator.)
The Nazis, Fascists and Communists were political parties before they became enemies of liberty and mass murderers.
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