Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Daddy Bush and GW Bush connected to key player in Ohio Scandal

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
FreedomAngel82 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-05 10:40 PM
Original message
Daddy Bush and GW Bush connected to key player in Ohio Scandal
Link: http://www.pnionline.com/dnblog/attytood/archives/001992.html

Snip: <Ex-George H.W. Bush aide was once key player in firm tied to Ohio
scandal
Well-known Philadelphia conservative pundit Joe Watkins -- a former
aide to ex-President George H.W. Bush as well as Dan Quayle -- was
managing director in the 1990s and early 2000s of the firm now
wrapped up in a fast-growing GOP political scandal.

Watkins, a frequent guest on CNN and other cable networks, was a
managing director and principal of MDL Capital Management when it
first started doing business with Ohio in 1998. But he reportedly
left shortly before 2003, when Ohio officials teamed up with MDL on
a new hedge fund investment that lost a whopping $225 million in
workers' compensation funds.

The massive hedge fund loss is the newest tentacle of the scandal
that's become known as "Coingate," because the workers' fund may be
missing $10-12 million in assets in an investment with a rare coin
dealer. The dealer, Tom Noe, also is a key GOP figure and major
fundraiser for President Bush in Ohio, the state that narrowly gave
him the final 20 electoral votes for his narrow re-election.

Watkins was the managing director and a principal of MDL Capital
after 1995 -- when it bought another investment firm that the
Philadelphian was working for -- and left some time prior to March
2003, based on news accounts. In 1998, Ohio's worker compensation
fund invested $355 million in a long-bond fund with MDL Capital.>
Printer Friendly | Permalink |  | Top
slay Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-05 10:42 PM
Response to Original message
1. When will people realize that the GOP is a CRIMINAL ORGANIZATION?
Not soon enough it seems. :(
Printer Friendly | Permalink |  | Top
 
FreedomAngel82 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-05 10:44 PM
Response to Reply #1
3. Probably not
No matter what happens. If this is true about them then this is another scandal they're in. I've lost count to how many that family has been invovled in since WW2. :crazy:
Printer Friendly | Permalink |  | Top
 
blm Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-05 10:47 PM
Response to Reply #1
4. People treat Enron like it's a lone wolf when it's standard accounting for
fascist Republican thugs all over the country. They cook the books as a matter of course. They cook the intel books as a matter of course. They don't care about ethics or honesty or who eventually ends up paying or being hurt. Cuz Republicans don't DO jail....they do pardons.
Printer Friendly | Permalink |  | Top
 
slay Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-05 11:01 PM
Response to Reply #4
6. They are indeed fascist thugs who use people's different views on God agai
nst them. Same shit goes on all over the world. Muslims vs Christians. Baptists vs Methodists. Catholics vs Jews. Bible thumpers vs atheists. My God is better than your God.

What the hell?!?! Are we still living in the dark ages? Does God the boogyman still scare people into electing these assholes? Evidently so. These Republicans don't give a shit about God - they care about money and power. This is just more evidence of it. :mad:
Printer Friendly | Permalink |  | Top
 
marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-05 10:43 PM
Response to Original message
2. It just never ends...
Edited on Thu Jun-09-05 10:47 PM by marmar
Watching the Bush administration in action is like watching The Sopranos, with less personality and intelligence.
Printer Friendly | Permalink |  | Top
 
FreedomAngel82 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-05 10:52 PM
Response to Reply #2
5. Here's another article
Link: http://www.toledoblade.com/apps/pbcs.dll/article?AID=%2F20050609%2FNEWS09%2F506090443

Snip: <WASHINGTON - As the word spread Tuesday night that the Ohio Bureau of Workers' Compensation had lost $215 million in a high-risk investment, U.S. Rep. Marcy Kaptur alerted her colleagues to the mounting concerns in her home state.



The depth of corruption in Ohio might set national records... I think the George Bush campaign raised a lot of illegal money in Ohio. That puts the election in some question. I know these people stop at nothing and I know their incompetence kept a significant number of people from getting to vote.

US Rep. Sherrod Brown
Miss Kaptur, during a statement on the floor of the U.S. House of Representatives on Tuesday night, said "there is a major political scandal that is unfolding in the state of Ohio."

"The governor of our state has permitted millions and millions of dollars of workers' money from the Ohio Worker's Compensation Fund to be invested in high-risk investments," Miss Kaptur said in a statement that was placed on the congressional record.>

Snip: <Democrats say there is still more ground to be covered in investigating problems in Ohio, including a look at the 2004 presidential campaign.

Mr. Noe, whose attorneys told authorities two weeks ago that $10 million to $12 million of the state's assets were missing from the coin fund, is facing multiple investigations, including a federal probe into whether he laundered money into President Bush's re-election campaign. The Republican contributor was considered a Bush "pioneer" because he raised at least $100,000 for Mr. Bush's campaign.

"I think the George Bush campaign raised a lot of illegal money in Ohio," Mr. Brown said. "That puts the election in some question. I know these people stop at nothing and I know their incompetence kept a significant number of people from getting to vote.">
Printer Friendly | Permalink |  | Top
 
madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-05 11:11 PM
Response to Reply #5
7. also the blades report that
taft knew in oct 2004 and said nothing and when did the whitehouse know?
the proof is right in front of the voters in ohio that the election was fixed and that kerry won.
Printer Friendly | Permalink |  | Top
 
kster Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-10-05 12:11 AM
Response to Original message
8. KICK.NT
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Apr 23rd 2024, 09:30 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC