qwest fun

Story links already posted in the MLS board, by me

I dont belive this will have any effect on AEG. MLS is safe.

 

i guess anshutz' ties to cheney didn't help much.

 

Here's the story from the Washington Post. No mention of Anshutz...

http://www.washingtonpost.com/wp-dyn/articles/A64984-2003Feb25.html

 

actually, they do mention Anshutz, speculating that's who they're going after:

while the SEC and Justice department probes are different than the congressional investigation, i'm sure they could be linked down the line.

not good news.

in my pessimistic mood, it sort of feels like when they discovered the watergate burglars. 2 years later Nixon resigned. hopefully the same won't happen to anshutz and mls.

 

And I wonder why my English teacher told me not to skim.

 

No matter what kind of spin anyone puts on this, it simply smells bad.

 

qwest

Reading some of you - I get the impression you're just short of screaming "fire'" in a theatre.

Qwest employs over 50,000, bills in the area of 15 billion

and probably hasn't done anything that most similar companies do.

The Anchutz sale of 200 odd million dollars worth of stock represents perhaps 2% of his wealth

The educatinal deal under investigation is similar to 'postdating' a check, something many of us do occassionally.

Looking at it from an MLS poimnt of view it has little or no meaning.

The New Jersey ' stock loss controversy publicity is pure 'posturing'. It is not seriously actionable. Qwest stock, Like AT&T, Verizon, Lucent, Intel, and many other major names represent losses seen universally in the State, county, municipal, Union and institutional profolios everywhere, in numbers approaching multiple billions, if not a trillion.

Many of us small investors share the same losses in our portfolios, in smaller amounts of course. Nobody told us to buy the stock, and we had no clue of the impending recession, including the smartest financial counselors.

There's little difference in the way corporations and big football clubs are run when times are good.

Folks like Qwest and Barcelona always figure a way out of these dilemnas without too much damage

 

"The Anchutz sale of 200 odd million dollars worth of stock represents perhaps 2% of his wealth"

I have absolutely no idea whether Anchutz is guilty of any business impropriety. However, the argument listed above that was used in defense of him is not a very good one. IIRC, Martha Stewart's sale of Imclone stocks also involve a relatively small amount of her net asset!

 

Anschutz is culpable, but he'll never be found guilty. There's no Martha Stewart-style link to a broker here.