🚀 go-pugleaf

>In article <13SEP199616325050@rosie.uh.edu>, st26h@rosie.uh.edu (JAMES
>BENTHALL) wrote:
>
>> In article <dstaples.162.00378AEC@livingston.net>,
>dstaples@livingston.net (Don Staples) writes...
>> >
>> >As for a trade of the company for debt owed.  I will have to assume the
>tract
>> >is owned by a corporation other than the ones that went belly up with big
>> >losses to the American tax payer.  It would set a very bad presidence
>to allow
>> >the government to "take over" a corportations holdings because of the
>alleged
>> >debt of one of the board of directors.  CEO or not.
>>
>> Ray Charles can see that Hurwitz's financial moves are sorry sham.  If its
>> not illegal it sure as hell shows the state of justice in this country.
>> Basically, Hurwitz borrowed the money from an S&L that _he controlled_ and
>> purchased Pacific Lumber through a corporation (Maxxam) that _he controlle
>> Then when the S&L goes belly up from _poor lending practices_, YOU and I g
>> stuck with bailing him out to the tune of 1.6 BILLION DOLLARS!  How in the
>> HELL can you defend that?  (BTW, so far U.S. taxpayers have had to pay
>> nearly 500 BILLION DOLLARS to bailout the S&L's, who were mismanaged by
>> greedy corporate heads who are getting away with it!  How come I don't
>> hear many BITCHIN about that?)  Those trees BELONG to the U.S. taxpayers!
>>
>>                                                 Jail Hurwitz!
>>
>>                                                James Benthall
>>                                                Green Party, Houston
>
>Are you sure of your statements here?  I don't like Hurwitz any better than
>you, but I believe he bought Pacific Lumber using proceeds from junk bonds
>floated by Milken at Drexel, Lambert.

Absolutely.  It was not simply "bought" it was a hostile takeover.
>--
>"The stronger the opinion, the weaker the logic"
>                           McKenzie political axiom #2
>

We'll remember that next time you express a strong opinion.

Kelly.cowan@ebbs.cts.com
Green in San Diego