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To: Maurice Winn who wrote (419704)	6/27/2003 11:01:17 PM
From: American Spirit	Read Replies (3) \| Respond to of 769669

On Loral, I owned the stock at the time and followed the stories. I never saw anything but partisan attacks from the right-wing neocons who wanted war with China. I never saw any proof of anything. But I dont deny there might have been wrong-doing. If Bernie Schwatrz did sell the Chinese something illegal (and I'm not sure he did) he sure didn't do it with or for the Clinton White House. He may have done something borderline, but it was not the kind of HUGE deliberate fraud and thievery that went on with the Enron Bushie companies during the phony energy crisis. Maybe it was similar to the kind of shady deals with Iran and Iraq that Cheney did while running Halliburton. Technically illegal but justifiable to a greedy CEO with White House conections.

To: Maurice Winn who wrote (419704)	6/28/2003 1:14:02 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 769669

There was actually an issue over soldering techniques. ROTFLMAO!!!!!!!! You're on SNL, right? BS. Their rockets (missiles) had major guidance system flaws. One went up, turned 90 degrees, ran parallel to the earth's surface for a couple hundred kilometers, and hit a village, killing hundreds. Another, the best known failure, had the rocket go up several hundred meters, then turn around and hit the town right next to the launch base, again killing hundreds. The payload was an Intelsat communications satellite. The Intelsat manager in charge of the Intelsat launch team later wrote a report (which I saw and read) severely indicting Chinese launch base management and missile technology and recommending that Intelsat should never again launch from China. That inspired Schwartz to "help" the Chinese because Loral had built that particular satellite and wanted to use China for future launches because they were cheaper than competitors. Tell me about it, Mr. Know-It-All. I was at Loral at the time. I personally know people who were sent to China. And it wasn't to teach them how to solder. The Customs Service charged Loral with violating the Arms Export Control Act, which governs the transfer of sensitive U.S. technology to foreign governments, by turning over technology to China that allowed it to improve the guidance systems for its missiles usinfo.state.gov House Votes to Ban Export of Satellites and Missile Technology to China President Clinton's decision to waive export controls on space technology to China allowed Beijing to hone the accuracy of nuclear missiles that could strike American cities. home.earthlink.net President Clinton signed a waiver allowing Schwartz's company to sell missile technology to China over the objection of the Pentagon. cnn.com