Flare Sci-Fi Forums: More on Global Crossings

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Posted by First of Two (Member # 16) on :

Looks like Congress IS investigating, so I can stop harping about it now.

http://www.msnbc.com/news/722999.asp

Interesting tidbits, GC is a reverse Enron, playing both sides of the field, but this time more to Democrats, to influence telecommunications tech policy.

quote:
Ann Bingaman: In 1999, Global Crossing paid more than $2.5 million to Bingaman, the former head of the anti-trust division of the Justice Department, to lobby the Federal Communications Commission and White House officials in a bid to stop Global Crossing’s rivals from building an undersea cable from the United States to Japan

quote:
Former President George Bush: The ex-president gave a speech at a Global Crossing event in Tokyo in 1998. Instead of taking his $80,000 fee, Bush agreed to be paid in Global Crossing stock. His investment was worth an estimated $14 million by 1999

quote:
Bill Clinton: President Clinton spoke at Global Crossing-sponsored event at 2000 Democratic National Convention in Los Angeles and played golf with Global Crossing founder Gary Winnick in 1998. Winnick pledged $1 million to the building of the Clinton presidential library in Little Rock, Ark.

Golf! Big whoo! Did Bush II play golf with Ken Lay? We must know! [Big Grin]

quote:
Terry McAuliffe: Chairman of the Democratic National Committee, McAuliffe was a close friend of Global Crossing founder Gary Winnick and was one of the initial investors in Winnick’s start-up. When he sold most of his Global Crossing shares in 1999, McAuliffe turned an initial $100,000 investment into several million dollars.

18 million, to be exact.

quote:
Sen. John McCain: In March of 1999, the Arizona senator, then the chairman of the Senate Commerce Committee which had jurisdiction over the FCC wrote a letter to the agency to block the proposed undersea cable consortium put together by Global Crossing’s rivals. Later that same month, several Global Crossing employees, including the company’s co-chairmen Lodwrick Cook and Gary Winnick, chipped in $30,000 to McCain’s presidential campaign.

Not McCain! And I used to like him!

quote:
William Cohen: Cohen, the former GOP senator from Maine and Clinton Defense Secretary, has served as a member of the Global Crossing board of directors since April of 2001.

quote:
Norman Brownstein: Former member of the Global Crossing board of directors, Brownstein is a Denver-based lawyer who has long been a major donor to Democratic candidates.

Everybody's in the fire on this one, too.

Posted by Vogon Poet (Member # 393) on :

Too many bloody names! Can someone draw a diagram or something?

Posted by Malnurtured Snay (Member # 411) on :

Well, let's just hope everyone involved turns over everything relevent so the GAO doesn't have to start suing.

Posted by First of Two (Member # 16) on :

Five bucks says it gets hushed up.

Posted by Malnurtured Snay (Member # 411) on :

If that were true, where'd you find that link, hmmm?

Posted by First of Two (Member # 16) on :

Oh, it won't be TOTALLY hushed up... that would require a huge conspiracy, and even I'm not paranoid enough to buy that. It'll be more like the plans for the hyperspace bypass in "HHGTTG" (information easily available, if you'd just gone to Alpha Centauri to the local planning bureau), or it'll be reported on in a few places but largely ignored, like Elk Hills.