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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (256039)	6/29/2008 2:56:50 AM
From: KLP	of 793838

Speaking of financial guru Wes Clark...We missed this one: Soldier of Misfortune B. Condon, J. Novack, A. Hawkins and W. P. Barrett 01.28.08 forbes.com Retired NATO commander Wesley K. Clark left last month as Summit Global Logistics chairman following a one-year stint that saw the East Rutherford, N.J. shipping concern's stock fall 60% as its losses rose 10,000%. An ill-fated corporate buying spree fueled by $163 million of debt and equity financing boosted revenues, but not as much as expenses, prompting a default. Clark, once a presidential candidate, had headed the investment bank arranging the initial financing. In 2006 he resigned as a director of Viaspace (otcbb: VSPC.OB - news - people ) after just two weeks amid sharp questions about high-pressure penny-stock promotions on its behalf over the Internet. The Pasadena, Calif. defense contractor denied at the time any involvement in the hard sell. --Bernard Condon [KLP Note: Wonder if Bob Schieffer will think to ask Clark what he's been doing in the last 5 months....or if he will make any reference to Clarks "brilliant" financial leadership and expertise.....

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