The Final Minority Report

Because Even Minorities Oppose Liberalism & Statism

Former DNC Gets $18M from Biz, Biz Goes Bankrupt

Terry McAuliffe, former DNC Chairman, and his prior business connections:

“This is a bad time to have a reputation for making lots of money, primarily due to your personal connections. Ten years ago, McAuliffe turned a $100K stock buy into $18M thanks to his relationship with the CEO of Internet firm Global Crossing. Shortly thereafter the company went bankrupt, the stock price collapsed and 10,000 employees lost their jobs. This was not the only questionable deal he was associated with. But it was part of a pattern in his business life of using insider connections that made him very wealthy.”

03/11/2009 - Posted by | Liberal Business |

1 Comment »

  1. […] possible is what Moran has decided to do. From McAuliffe’s political involvement, to his business dealings; there is much that does not match his rhetoric. It’s unfortunate that Moran has to keep […]

    Pingback by Virginia Beach Progressives -- National, State, and Local Politics Affecting Virginia Beach » Blog Lead Story » The Netroots Debate: Hitting McAuliffe | 05/01/2009 | Reply

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