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To: jach who wrote (29035)12/5/1998 5:42:00 PM
From: FR1  Read Replies (1) | Respond to of 164684
 
Historically 80% chance of losing all or part of you money when going long on options.

Agreed. You might also want to point out that my figures were wrong. If you bought 10 puts on CPQ for Jan at the money, you would lose just under $2,000. With AMZN you would lose $29,500. I stand corrected.



To: jach who wrote (29035)12/6/1998 9:24:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
House Republicans move toward early impeachment vote

By LAURIE KELLMAN

Associated Press Writer

WASHINGTON (AP) - House Republicans are narrowing the focus of their impeachment inquiry back to the Monica Lewinsky
matter while pressing the White House to name the witnesses who will defend President Clinton next week.

Judiciary Committee Republicans on Thursday granted the White House's request to review evidence of possibly impeachable
offenses.

"I hope this latest request by the White House is not intended to delay the committee's proceedings," Chairman Henry Hyde, R-Ill.,
said in a statement.

There was no letup in the partisan squabbling that intensified this week when committee Republicans first expanded their inquiry to
include Clinton's campaign finances. The GOP reversed that move Thursday after determining that secret Justice Department
memos contained no evidence of impeachable offenses.

Chief GOP Counsel Thomas Mooney Sr. demanded in a letter that president's lawyers notify the panel today of who will appear
before the committee on Tuesday and how much time they will need to defend the president against charges that he committed
crimes while trying to conceal his affair with Lewinsky, the former White House intern.

The White House did not immediately respond. "The committee's erratic behavior leaves the fundamental focus of this
investigation unclear," White House spokesman Joe Lockhart said in a statement late Thursday. "At this late date, we still don't
know what the committee is charging, or for that matter, who is in charge."

Committee aides are drafting articles of impeachment charging that Clinton lied under oath, abused his power and obstructed
justice, several Republican members and other officials said Thursday, on condition of anonymity.

As for who is in charge, aides to House Speaker Newt Gingrich insist that all decisions relating to impeachment were in the hands
of his successor, Rep. Bob Livingston of Louisiana.

Speaking to reporters Thursday, Livingston made clear that he wants the full House to vote on any articles of impeachment
approved by the committee before Christmas.

"If the Judiciary Committee could complete its work next week, it would be my expectation that we could have a vote on the
following week," Livingston said in his first public remarks on the subject in more than a week.

The developments suggested that majority Republicans - chastened by disappointing election results - intend to swiftly conclude the
third presidential impeachment inquiry in the nation's history.

During a conference call Thursday, Hyde informed committee Republicans that he had dropped the campaign finance matter from
the inquiry. The announcement shocked members of his investigatory team when they heard about it through the media, according
to a committee official who asked not to be identified.

This source said Republican investigators wanted to pursue the campaign fund-raising issue and even planned to ask a federal judge
to allow former Justice Department campaign finance chief Charles LaBella to testify about grand jury matters when he was
deposed today.

By the time Hyde's announcement made the deposition moot, LaBella was already airborne, flying from San Diego to Washington.
Investigators scrambled to reach him at a Chicago stopover to curtail the trip, but had no luck.

In telephone interview when he touched down in Washington, LaBella said he had heard about the cancellation on his pager.

"I think they're running for the hills," LaBella said, who planned to fly back to California today. The committee picked up the tab
for the last-minute, cross-continent trip, he said.

While the GOP-controlled panel is expected to approve at least one article of impeachment on a party line vote, the outcome on the
House floor remains in doubt.

Democrats, as well as Republicans including Rep. Peter King of New York, stepped up efforts Thursday to craft an alternative that
would stop short of impeachment.

Key Democrats met privately with the Minority Leader Dick Gephardt.

Two sources speaking on condition of anonymity said they soon would begin contacting Republican lawmakers outside the
Judiciary Committee to see what bipartisan cooperation might be possible in the full House.

These sources added that while Democrats are willing to join in efforts to wrap up the issue by year's end, they will insist on a
lengthy period for debate on the House floor and demand that consideration be given to censure as an alternative to impeachment.

Many Republicans oppose censure on the grounds that such a punishment is not provided for in the Constitution.