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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (85896)	10/6/2011 11:29:36 AM
From: longnshort	Respond to of 89467

of 2901 funny how you quote a WALL STREET BANKER Having left government, Stockman joined the Wall St. investment bank Salomon Brothers and later became a partner of the now very successful New York–based private equity company, the Blackstone Group. [4] His record was mixed at Blackstone, with some very good investments, such as American Axle, but also several large failures, including Haynes International and Republic Technologies. [5] During 1999, after Blackstone CEO Stephen A. Schwarzman curtailed Stockman's role in managing the investments he had developed, [6] Stockman resigned Blackstone to start his own private equity fund company, Heartland Industrial Partners, L.P., based in Greenwich, Connecticut. [7] Stockman is just spewing sour grapes after Reagan took him to the woodshed and demoted him. you might as well post a hit piece by John Dean

To: stockman_scott who wrote (85896)	10/6/2011 11:30:50 AM
From: longnshort	Read Replies (1) \| Respond to of 89467

and a wall street crook Criminal and civil charges On March 26, 2007, federal prosecutors in Manhattan indicted Stockman in "a scheme ... to defraud [Collins & Aikman]'s investors, banks and creditors by manipulating C&A's reported revenues and earnings." At the same time, the Securities and Exchange Commission brought civil charges against Stockman related to actions he performed while CEO of Collins & Aikman. [9] Stockman suffered a personal financial loss, estimated at $13 million, along with losses suffered by as many as 15,000 Collins & Aikman employees worldwide. Stockman said in a statement posted on his law company's website that the company's end was the consequence of an industry decline, not fraud. [10] On January 9, 2009, the U.S. Attorney's Office announced that it did not intend to prosecute Stockman for this case.