Nice Work If You Can Get It

January 31, 2002

Terry McAuliffe, buddy-buddy of Bill Clinton, and Chairman of the National Democratic Committee just turned a $100,000 investment into $18 million bucks. Seems his pal was president of Global Crossing, the latest giant bankruptcy going around. I think it's interesting to note on this story that the government gave a $400 million loan guarantee to the company, just before they went belly up and McAuliffe got out $18 million richer...he's a very smart investor.