Bloomberg: George Allen's Concealed Stock Options Worth $1.1 million

[kpete]

Bloomberg: George Allen's Concealed Stock Options Worth $1.1 million

"Oct. 10 (Bloomberg) -- Stock options that Senator George Allen described as worthless were worth as much as $1.1 million at one point, according to a review of Senate disclosure forms and U.S. Securities and Exchange Commission filings.

The records appear to contradict remarks he made to the Associated Press. ``I got paid in stock options which were worthless,'' AP quoted him as saying."

more at:
http://www.bloomberg.com/apps/news?pid=20601103&sid=aMTFur4YOYEs&refer=news

[Virginia Dare]

1. Here is the smoking gun...

Allen wrote a letter to the U.S. Army on Xybernaut's behalf in December 2001, AP reported, citing John Reid, Allen's spokesman, who told AP he wouldn't disclose the contents of the letter. In September 2003 the U.S. Defense Department announced $2.13 million in contracts to buy the company's wearable computers.

Felix is a liar, a crook, and a racist.

[wakeme2008]

2. On one poor baby only made $250,000 profits....

:grr:

[The Backlash Cometh]

3. I remember how they went after the Clintons for a 20 year old land deal

when the Clintons lost that amount, so this has got to be juicy.

[LynneSin]

4. Boy I wish I had worthless stock like that

Seriously!

[9119495]

5. And Virginia doesn't care. For every new piece of dirty, he

holds his place in the polls or increases his lead over Jim Webb. I don't know why this is happening but I fear Virginia is a lost cause. I hope I'm wrong.

[oasis]

6. Allen is a "worthless" politician.

:puke:

[TheCowsCameHome]

7. Worthless and Allen goes together like hand in glove.

Appropriate choice of words, don't you think?

[volstork]

14. You are correct!

[Lasher]

8. Why didn't he set up a blind (wink wink) trust like Catkiller did?

[swag]

9. Quid pro quo?

. . .

"Allen wrote a letter to the U.S. Army on Xybernaut's behalf in December 2001, AP reported, citing John Reid, Allen's spokesman, who told AP he wouldn't disclose the contents of the letter. In September 2003 the U.S. Defense Department announced $2.13 million in contracts to buy the company's wearable computers."

[civildisoBDence]

10. Too many Republicans equate wealth with virtue...

...as if God sits up in heaven divvying up material goods among his favorites. Jeeeeez!

Their disregard for the poor, combined with their unprincipled pursuit of wealth and power, puts the lie to their false Christianity.

I don't believe in hell, but dammit, one should be invented for these people.

Newsprism

[Lucky Luciano]

11. Such options are often perpetual in nature...

Perpetual Options never become worthless - unless the company gets taken out in cash below his strike price!

[IWantAChange]

12. Virginia hillfolk wont care......

as long as that Confederate flag and the "N-Bomb" are tied to Allen he's their guy.

:crazy:

[mitts]

13. stereotyping......

thought that's looked down upon by the left?

[9119495]

15. Agreed. But why does he keep his lead in the polls?

It can't be his positions. It can't be his ethics. It can't be his past. Just what is the redeeming quality of Allen?

[Divine Discontent]

16. hmmm

is it that 54% of the people that actually vote in VA are just racist bigoted sob's? of course if everyone voted, allen would get 25% of the vote.

[Selatius]

17. To be sure, there are some idiot racists in the foothills, but I think...

it's a combination of the fact that he's a Republican and that people are generally ignorant about political issues.

Many people, especially where I live, vote Republican because their parents and grandparents did. Of course, they only started doing it after Johnson signed the Civil Rights Act of 1964. Not all of them, though. A good number vote Republican because they truly believe in the mantra of limited government and low taxation. They believe Democrats are for big government dominating their lives, and they don't want that.

In reality though, the Republicans are now the big government they fear, but political ideology often is blind to reality until after there are negative consequences. Then people wake up...the hard way.

[FormerDem06]

18. Does anybody else thing that voters are tired of all of this scandal

talk?

I mean we've been going at this since the early 90s so hard and fast I think people are just becoming numb to it all. We've gone from an Issues driven media to a scandal driven media. Everybody wants to be freaking Bob Woodward nowadays.

How about talking about how the Republicans have bloated government, or how much we've actually spent on the war or how much health care actually costs. And harp that over and over and over like the 340 million recycled Foley and Iraq stories and then maybe Dems would win a lot more seats.

[Selatius]

19. Well, it's the question of what came first

Did people stop talking about issues because the corporate news media stopped reporting them and began reporting on scandals instead? Or did the corporate news media stop reporting on issues and began reporting on scandals because the people wanted to talk about that instead?

[Divine Discontent]

22. that's an exc. point

it could take decades for people to see that the gop is the party of keeping taxes up on the middle class, lowering them only on the wealthy and the party of overspending... amazing, ain't it.

[tkmorris]

21. You know what?

I would venture a guess that you don't know jack shit about "Virginia hillfolk". Either that or you just really enjoy trashing people. Do you want to win this election or not?

[dicknbush]

20. I hate to say this but I have watched a bit of Allen and a bit of Webb...

And I have to say that if you are a red neck yahoo you are going to vote for Allen. Webb just seems to be unsteady and unsure of his intentions. As phoney as he is Allen does that I am confident thing and pulls it off. Unfrotunatly Webb doesn't have the Charisma thing going for him not that that should be important if you pay attention but most of what people see on the little screen is what they believe. So even thought Allen is obviously a lyin fraud a racists and just an all around goof ball I think that the Yahoo crowd are going to vote for him. He is Virginias very own "Lonsome Roads". It would be nice if the voters of Virginia found that out before November but I suspect that even if they did they would still vote for him and say it was a Democratic conspiracy to ruin a good ol boy....From California who speaks French?????!

[Imagevision]

23. Allen is the poster child for pure republican corruption, racism and must

be booted out

[McCamy Taylor]

24. Article II as a reason for not disclosing stock options....

:puke: