To: TheStockFairy who wrote (13352 ) 8/29/2003 11:41:53 AM From: MSI Read Replies (1) | Respond to of 306849 NYSE's Richard Grasso and the Ultimate New Business "Cold Call"... in Chile actually, Columbia with warlords and drug kingpins. You gotta get those billions into the NYSE somehow, after all. Such a rainmaker is worth $100m, for many billions in cashflow, don't you think? Check out the picture. It's been sanitized from most publications, because it's a bit, er, embarassing.scoop.co.nz "... In late June 1999, numerous news services, including Associated Press, reported that Richard Grasso, Chairman of the New York Stock Exchange flew to Colombia to meet with a spokesperson for Raul Reyes of the Revolutionary Armed Forces of Columbia (FARC), the supposed "narco terrorists" with whom we are now at war. "Some reading in between the lines said to me that Grasso's mission related to the continued circulation of cocaine capital through the US financial system. FARC, the Colombian rebels, were circulating their profits back into local development without the assistance of the American banking and investment system. Worse yet for the outlook for the US stock market's strength from $500 billion - $1 trillion in annual money laundering - FARC was calling for the decriminalization of cocaine. To understand the threat of decriminalization of the drug trade, just go back to your Sam and Dave estimate and recalculate the numbers given what decriminalization does to drive BIG PERCENT back to SLIM PERCENT and what that means to Wall Street and Washington's cash flows. No narco dollars, no reinvestment into the stock markets, no campaign contributions. It was only a few days after Grasso's trip that BBC News reported a General Accounting Office (GAO) report to Congress as saying: "Colombia's cocaine and heroin production is set to rise by as much as 50 percent as the U.S. backed drug war flounders, due largely to the growing strength of Marxist rebels"