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.

Technology Stocks : LORAL -- Political Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Dragonfly who wrote (31)	5/22/1998 4:07:00 PM
From: brian h	Respond to of 880

DF and all. Excerpts from ABC news about LOR, abcnews.com Here it goes, Schwartz, a lifelong Democrat and early supporter of Clinton, was at the White House just two weeks before the decision to attend a state dinner Feb. 5 for British Prime Minister Tony Blair. A week later, the documents show, a top executive from his company wrote the White House pleading for the waiver. If a decision is not forthcoming in the next day or so we stand to lose the contract,? Thomas Ross, LoralÝs vice president for governmental affairs, wrote on Feb. 13. A Tangled Web Bernard Schwartz had intended to raise this issue with you at the Blair dinner, but missed you in the crowd,? the letter added. The same day, White House counsel Charles F.C. Ruff wrote a memo suggesting Justice Department concerns could not be too serious because there had not been any concerns raised by officials above the criminal division. The department had every opportunity to weigh in against the waiver at the highest levels and elected not to do so,? Ruff wrote. Ruff suggested the White House could weigh the concerns on their own and and that Berger could weigh the balancing of our national security and criminal justice interests.? White House Denies Connection At the time of the waiver, the Justice Department was investigating whether Loral had improperly assisted the Chinese in 1996 by advising them after one of the rockets carrying a satellite exploded. Loral has acknowledged it had not told the State Department before it provided the help, but it denies the assistance did anything to help the Chinese with their military capabilities. Both the White House and Schwartz have denied any connection between his donations and this yearÝs waiver, which was for a different satellite. Advisers OKÝd Project And the memos reviewed by AP show clearly that national security advisers had concluded that LoralÝs satellite project will not contribute to Chinese military capabilities.? Brian H.

To: Dragonfly who wrote (31)	5/22/1998 4:48:00 PM
From: Bill	Read Replies (1) \| Respond to of 880

There is a mound of evidence and you know it. I would start with the Tripp tapes and 37 documented Monica visits. As far as Loral/Schwartz/China goes, all the facts are not out yet. We do know Bernie always gave democrats lots of money, and his company has been treated very well by democrats. And Clinton views foreign policy as nothing more than a convenient escape from domestic investigators. Hence his eagerness to provide waivers for a friend, without regard to the consequences.