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In reply to the discussion: Private Emails Reveal Ex-Clinton Aide’s Secret Spy Network [View all]Octafish
(55,745 posts)34. ''The very word 'secrecy' is repugnant in a free and open society...
and we are as a people inherently and historically opposed to secret societies, to secret oaths, and to secret proceedings." -- President John F. Kennedy
Lance was formally precluded from engaging in financial transactions while director of OMB. However, according to later SEC charges, Lance continued to meet with General Olmstead regarding the sale of FGB, and put Olmstead in touch with William G. Middendorf, a former secretary of the Navy who ultimately decided to take over FGB. Lance met with both Olmstead and Middendorf at the Washington Metropolitan Club about the proposed sale while director of OMB.(12). As of April 1977, Middendorf and a group of twenty investors purchased Olmstead's interests in FGB, and Middendorf was installed as the chairman of the bank. But the takeover group, including former ambassador to Iran Joseph Farland, Arkansas banker Jackson Stephens, and Occidental Petroleum chairman Armand Hammer, swiftly began to disintegrate. By November, 1977 the shareholders had split, with Stephens heading a group opposed to Middendorf -- even as the Federal Reserve ordered Olmstead and his group to end their dual relationship to both International Bank and FGB by January 31, 1978.(13)
Remember BCCI.
Remember BCCI.
One of the leading legal practices in Arkansas, The Rose Law Firm often represented Mr. Jackson Stephens.
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We were all very naive back then. We actually thought the crooks could be prosecuted and
sabrina 1
Mar 2015
#27
padilla is an American citizen held and tortured for nearly 5 years
questionseverything
Mar 2015
#37
" . . . in advance of the long-awaited sentencing of Kyle Dustin “Dusty” Foggo, . . ."
Major Hogwash
Mar 2015
#49
Unbelievable story about how Amb. Scott Gration lost his POST for using secondary email account.
Octafish
Mar 2015
#11
Yes, it certainly is more like a Royal Court at those levels, than a Democratic system. And the
sabrina 1
Mar 2015
#31