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Pentagon bankers [Carlyle Group] may bail out [Conrad] Black

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Monkey see Monkey Do Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-22-03 09:08 PM
Original message
Pentagon bankers [Carlyle Group] may bail out [Conrad] Black
"A powerful banking group with close links to the Pentagon, which has also invested money on behalf of the Bin Laden family, is in talks to bail out beleaguered Daily Telegraph owner Conrad Black.

The revelation suggests that Britain's bestselling broadsheet - coveted by rival newspaper barons because of its political influence - may not go under the hammer after all, as Lord Black tries to quell a shareholder rebellion in the face of allegations that he and several acolytes pocketed millions of dollars that was not theirs to take. "

(snip)

"The Carlyle Group, known as the Ex-Presidents Club because of the number of former world leaders it employs, is considering taking a stake in Hollinger International, which owns the Telegraph titles, the Jerusalem Post and the Chicago Sun-Times, according to those close to the firm.

'It's unusual for a group of assets to come to the market like this. We would look to sell off the Jerusalem Post and Hollinger's stake in the New York Sun. Conrad would have to step out of management, but that does not mean he would have to let go of his equity stake,' said a Carlyle source. 'Ideally, we would look to take a 25-40 per cent stake. That would allow us to put people on the board,' the source added. "

http://observer.guardian.co.uk/uk_news/story/0,6903,1091483,00.html
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J B Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-22-03 09:10 PM
Response to Original message
1. Well that's making the system more obvious.
Think the third world won't notice?
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Nlighten1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-22-03 09:12 PM
Response to Original message
2. They certainly get around don't they?
Jebus H. Chrispies.
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0007 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-03 08:44 AM
Response to Reply #2
6. ...and ya can bet your sweet ass that James A. Baker III can be found ....
swinging and dealing and lying and all that goes with this bail out.
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DUreader Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-22-03 09:26 PM
Response to Original message
3. This is getting Interesting
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Maple Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-22-03 09:40 PM
Response to Original message
4. Well that certainly
connects a lot of dots!
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DoYouEverWonder Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-03 07:18 AM
Response to Original message
5. Guess they can't let anything happen
to one of their own. Plus it's a win-win for everyone all around. They save Conrad Black's butt, they stop the questions about Richard Perle's involvement and they ended up with the grand prize of more media control in the process. What a deal.

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Judi Lynn Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-03 09:15 AM
Response to Original message
7. Stop, you're killing us!
Is this unbelievable, or WHAT?

(snip)'Ideally, we would look to take a 25-40 per cent stake. That would allow us to put people on the board,' the source added. "(snip)

This article is astonishing, from beginning to end. It's so blatant, at points I almost felt like laughing. These guys are simply without shame.
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susu369 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-03 09:34 AM
Response to Original message
8. We are fighting the Mutha of all Goliaths!!
Interesting bit (I am not familiar with the Bilderberg group):

"Black himself is a member of the secretive Bilderberg group, an organisation comprising the world's leading businessmen and politicians, which some have accused of being an alternative world government."
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Minstrel Boy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-23-03 11:09 AM
Response to Original message
9. good god...
Edited on Sun Nov-23-03 11:10 AM by Minstrel Boy
nothing surprises me, and everything appalls me.

Sometimes I wonder if this feeling of dread makes remaining informed worth it.
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