Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (73029)	7/7/2001 11:27:39 PM
From: long-gone	Read Replies (1) \| Respond to of 116753

You notice something different Friday & the other recent market declines to market declines in those heady days under Clinton? To what I refer is the action in the PoG. Something different is happening today compared to then. Before NO INCREASE was allowed under Clinton, as if by magic on every attempted gold price rally additional supply hit the market. Now, who knows what will happen. I like this far better as a gold equity investor. "The right" (though that list changes daily)Gold mining stocks are again acting as an insurance policy. Don't you really like it better also?

To: Rarebird who wrote (73029)	7/8/2001 12:00:39 AM
From: long-gone	Respond to of 116753

OT(?) HUD Gives Up With Fitts -------------------------------------------------------------------------------- By Paul M. Rodriguez prodriguez@InsightMag.com -------------------------------------------------------------------------------- Following an Insight story exposing a possible political vendetta, HUD dropped its five-year investigation of Hamilton Securities, finding no evidence of wrongdoing. The Department of Housing and Urban Development (HUD) has closed with prejudice a nearly five-year investigation after finding no evidence of wrongdoing by Hamilton Securities Inc., a now-defunct government-mortgage portfolio seller owned by Catherine Austin Fitts. The decision of HUD’s Office of the Inspector General (OIG) to close the case followed by weeks an investigative cover story by Insight that explored details of this affair many inside both HUD and the Justice Department regarded as a political vendetta against Fitts (see “Thankless Task,” May 21). The Fitts affair resulted when a streamlined mortgage-selling program she pioneered in 1995 and 1996 ended bloated contracts awarded for decades to firms that suddenly stood to lose millions. Fitts had found an efficient way for the government to unload hefty loan portfolios instead of managing them, and apparently some who had profited on the old deal set out to get her. Insight discovered that despite the flamboyant allegations of wrongdoing levied against Fitts personally, and against Hamilton Securities, the Justice Department’s Criminal, Civil and Antitrust divisions determined there was no evidence of wrongdoing. The FBI and the Securities and Exchange Commission came to the same conclusion, Insight learned. Only HUD’s OIG, led by Inspector General Susan Gaffney, pursued Hamilton and Fitts in conjunction with its “bounty hunter,” John Ervin, who heads Ervin & Associates, a firm that just happens to specialize in HUD mortgage-loan portfolio management. Despite five years of digging and legal harassment that drove Fitts and her company to the wall, OIG kept the case open in hopes that the “stained blue dress” alleged metaphorically by Ervin would emerge. It never did. Once Gaffney quit in late spring after finding no wrongdoing, Insight has learned, the case quickly was closed with approval from the highest levels at HUD. (cont) insightmag.com