Nov 22, 2005

An Eye To The Future...

OK, busy day, but just wanted to share that I did a little personal housekeeping this morning and bought some shares of Google, eBay and Apple in my IRA.
Last time I had looked Google was at $286.00 per share in September. Kicking myself a bit since I paid $408.00 today!

If I get a chance to depose Dick Cheney I am going to ask HIM for some stock tips.

"Sen. Frank Lautenberg (D-NJ) recently asserted that Cheney's stock options in Halliburton which were worth $241,498 a year ago, are now valued at more than $8 million-- for an increase of 3,281%. Cheney has pledged to give the proceeds to charity. Uh huh. Cheney continues to received a deferred salary from the company. He was paid $205,298 in 2001; $162,392 in 2002; $178,437 in 2003; and $194,852 in 2004.

Cheney's recipe for success?Textbook war profiteering with no-bid contracts and no taxes.

At last count Halliburton had 58 offshore subsidiaries in Caribbean tax havens. With Cheney at the helm Halliburton’s tax payments to the U.S. went from $302 million in 1998 to zero in 1999, when they also received a refund of $85 million from the Internal Revenue Service.

During Cheney’s tenure as CEO from 1995 to 2000, Halliburton Products and Services set up shop in Iran. The Halliburton subsidiary does approximately $40 million a year worth of oil field service work for the Iranian government. 60 Minutes correspondent Lesley Stahl visited the subsidiary in the Cayman Islands and found that it had no office and no employees. The mailing address was a local bank with which the subsidiary is registered. Stahl was met there by the bank’s manager who informed her that all mail to the subsidiary is forwarded to Halliburton headquarters in Houston. Halliburton had created the subsidiary to allow itself to do illegal business with a rogue state and to skip out on its taxes in the process"...smooooooth, Dick.

Gotta run, late for power lunch at my desk....chicken salad and Snapple.

12 Comments:

Anonymous Anonymous said...

Good choice of companies for investment since they are in the top 500 best companies in the Forbes magazine. Also, glad that you are eating a healthy lunch rather than woofing down Krispy Kreme donuts.. Cheers!

12:42 PM  
Blogger bluewild said...

Dick Cheney is obscene. What is most nauseating is he is actually the vice president....no he's the shadow president.

It's just so upsetting. It makes me depressed and angry. How did it get to this?!

2:57 PM  
Anonymous Anonymous said...

Looks like we have "tricky dick II" in office.

3:13 PM  
Anonymous Anonymous said...

SCANLON'S PLEA MAKES CONGRESS NERVOUS: "I think this has the potential to be the biggest scandal in Congress in over a century," said Thomas E. Mann of the Brookings Institution. Already in hot water is Rep. Bob Ney (R-OH), who has received a subpoena from the grand jury investigating Abramoff and was named as "Representative #1" in Scanlon's indictment. Abramoff and Scanlon provided Ney and his staff with a "lavish" Scotland golf trip, tickets to sporting events, expensive dinners, and political contributions. In return, Ney "agreed to 'support and pass legislation'" benefiting their clients. Sen. Conrad Burns (R-MT) also helped the Saginaw Chippewa Tribe of Michigan, one of Abramoff's clients, "win a $3 million government award." DeLay, who has been charged on money laundering and conspiracy in an unrelated Texas case, may soon face more trouble. "It's likely that Abramoff has lots of dirt on Tom DeLay," said Craig McDonald, director of Texans for Public Justice. DeLay traveled to Scotland on a trip paid for by Abramoff, an arrangement illegal by congressional rules, as well as on a trip in 1997 to Russia, "underwritten by business interests lobbying in support of the Russian government" and arranged by Abramoff.

3:24 PM  
Blogger Contessa37 said...

Over the weekend, I was talking to a former colleague of mine with whom I use to work at the RNC during the Haley Barbour years. She was telling me that the moral on First Street NE is very low!

Many of my former colleagues from the Hill are saying privately that they are not too thrilled with Cheney. I was never a big fan of his anyway.

Well, my mission is to reclaim the Republican party. After all, I was always a McCain person. HE WAS MY FIRST CHOICE in 2000. I hope considers running in 2008.

Well I got to go...I have a workers comp hearing I have to prepare for tomorrow.

Ciao

3:49 PM  
Anonymous Howard Dean said...

Great! McCain can be Fitz's VP! I like it! AAArrrrrrrrrrrrrrgggggggggghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh! :D

3:59 PM  
Anonymous Ken Mehlman said...

Sorry Howie,

Pat is GOP material. If he plays his cards right we will pair him as VP with President Giuliani - a law and order team going after welfare cheats, tax evaders (under $100K), bankruptcy fraud, and student loan defaulters.

4:12 PM  
Anonymous Anonymous said...

Mr. Fitzgerald,

Simply take them all down!!!! It's time for half of Congress to be cleaned out in the Jack Abramoff scandal and so on and we get back into legal standing!

Say goodbye Vice President Cheney!!!!

By the way, I'm apolitical most of the time......A third party is massively needed here as well as proportional representation.

8:24 PM  
Blogger Jackie said...

Fitz Haliburton will fall don't get involved with that stock their crooks. What about stock investment overseas. The ones you picked are doing well but our country may start having problems.
Just look at overseas stock if you want a high return. Just a thought don't take this as a legal statement.

9:59 PM  
Anonymous Anonymous said...

Uncle Bucky Bush
article;
http://thinkprogress.org/2005/02/23/paying-uncle-bucky/

All of Bushco is Obscene. -Aj

10:51 PM  
Anonymous Lois Lane said...

formerly the real anonymous.
Here at Thanksgiving hq for our family and felt the need to catch up.

Well PJF.. are you going to sit idly by while Dick was a key instrument in the set up of the bogus Cayman Islands front company?

You've got to go after him. You cannot let this one rest no less the uncontested contracts in Iraq and the poor whistleblower who gets canned because she acknowledged, ..'something was just not right'.

I'm tired of big business no less this administration of bullying, slandering the 'good guy'.

well, PJF?

7:24 PM  
Anonymous Anonymous said...

Anonymous

They're already going after Halliburton....a new investigation was opened up on Halliburton's waste fraud and their two bagmen were indicted.

The US Justice Department needs alot more staff to handle all these investigations....why don't you sign up and get involved rather than complain or pout about lawbreaking?

8:44 PM  

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