Intelligence Nominee Vows to Sell Stock (Negroponte)

[Rose Siding]

WASHINGTON Feb 28, 2005 — John Negroponte, President Bush's choice for intelligence chief, is a multimillionaire who promised last year to sell stock in companies that have business stakes in Iraq's reconstruction, according to his financial disclosure reports.

It's unclear from two April reports, Negroponte's most recent filings, whether he followed through on sales of General Electric and other firms engaged in rebuilding Iraq, where he is U.S. ambassador. The White House would not comment immediately Monday.

Less than two weeks ago, Bush asked Negroponte to leave his ambassadorship and take on the new job of national intelligence director, bringing together 15 independent intelligence agencies.

That assignment may force Negroponte to take a fresh look at whether any financial holdings present conflicts of interest a process he went through last spring when he was nominated ambassador to Iraq.

http://abcnews.go.com/Politics/wireStory?id=539408&CMP=OTC-RSSFeeds0312

[peacetalksforall]

1. Ethics question...since GE profits from war and is the parent company

over the NBCs which now seem to exist for propaganda purposes, would you participate in a group stock fund that holds GE or would you buy GE as an individual?

Please read on about stockholders...
I ask for discussion purposes only - since I believe that one way to get our message out is to shift emphasis to the stockholders - they facilitate the thefts of those corporations that steal from us, overcharge, lose our money, send our jobs overseas without paying compensatory taxes for those jobs they outsourced, bank off shore, pay minimal or no corporate taxes, contribute plenty to the right wing, support think tanks and foundations. The stockholders are our enemies - equal to the CEOs.

[peacetalksforall]

2. Cheney still hasn't divested and O'Neill either took a long time to divest

or never did. They promised at the beginning, but I don't think they did.

[Rose Siding]

4. Aren't bush and cheney's wealth held now in blind trusts?

Which is sort of a joke, really. If they lie about causis belli, why wouldn't they lie about being unaware of how their policies profit them personally.

[bemildred]

3. Negroponte has the morals of a mink. This is clueless. nt

[Moderator]

5. kick to combine threads

[leftchick]

6. Intelligence Nominee Vows to Sell Stock (Negroponte conflicts?)

http://story.news.yahoo.com/news?tmpl=story&cid=542&ncid=703&e=5&u=/ap/20050301/ap_on_go_ca_st_pe/negroponte_finances

WASHINGTON - John Negroponte, President Bush (news - web sites)'s choice for intelligence chief, is a multimillionaire who promised last year to sell stock in companies that have business stakes in Iraq (news - web sites)'s reconstruction, according to his financial disclosure reports.

It is unclear from two April reports, Negroponte's most recent filings, whether he followed through on sales of General Electric and other companies helping to rebuild Iraq, where he is U.S. ambassador. The White House did not immediately comment Monday.


<snip>

According to Negroponte's April reports, which cover 2003 and the first part of 2004, his portfolio contained investments in a number of banks and investment funds, retail stores such as Family Dollar and global technology and information companies.


Last spring, Negroponte's investments were worth at least $2.7 million, and possibly over $9 million. His largest single investment was between $1 million and $5 million in a trust called the Federated Investors' tax-free obligations fund.


Because many national security-related contracts are classified, it is impossible to pinpoint all conflicts of interest that might arise should the Senate confirm him as national intelligence director, as expected. Yet some seem apparent.

[Jack Rabbit]

7. Does Negroponte invest in cattle prods?

For him, that would be a conflict of interest, wouldn't it?

[Rose Siding]

8. some discussion here-

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x1272683

[plcdude]

9. as ambassador

surely he should have already divested. This also explains why The Today Show has become a variety show about entertainment rather than a news show. The largest single attack in Iraq killing more 100 people unreported, uninvestigated. Osama and Abu talking together bring in the experts univestigated. It is a joke. Conflict of interest try NBC/GE.

[Supersedeas]

10. the vicious circle of millionaires goes round and round, round and round