Brewing Lamont scandal, he owns Halliburton stock!!

It seems that Ned Lamont has a little 'splainin to do. According to an AP story, via Taegan Goddard's political wire, Lamont and his wife own somewhere between $15,001 and $50,000 worth of Halliburton stock!!! OOPS Neddie is in bed with Cheney when it comes to Halliburton.
     OK boys what would you do?? Ned, explain why you're in bed with Cheney and Halliburton??

http://www.politicalwire.com/



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Re: Brewing Lamont scandal (2.00 / 1)

This pops up just as I was starting to come over to the Lamont side. This does require an explanation. Halliburton has cheated our troops and American taxpayers.


"There is nothing wrong with America that cannot be cured by what is right with America"- Bill Clinton
by bluenc on Fri May 19, 2006 at 03:09:54 PM EST

Re: Brewing Lamont scandal (none / 0)

Oh come on. Anyone with as much money as Lamont would have stock in a ton of different places, and the energy sector has been seeing very high returns lately. I know quite a few self described democrats who own many stocks in that sector, including myself. Personally, I see it as a way to get back some of the cash I am losing at the pump. I don't fault Lamont for this at all. Especially given his anti war stance and the fact that his own stock is likely to take a hit if the war ends. (which, by the way is when I'll be selling)


by TimThe Terrible on Fri May 19, 2006 at 03:35:56 PM EST
[ Parent ]

Re: Brewing Lamont scandal (none / 0)

I understand that, but Halliburton? Of all the energy companies to invest in, why this cheating bunch of louts?


"There is nothing wrong with America that cannot be cured by what is right with America"- Bill Clinton
by bluenc on Fri May 19, 2006 at 03:42:02 PM EST
[ Parent ]

Re: Brewing Lamont scandal (3.00 / 1)

He had a money manager investing for him.


by Matt Stoller on Fri May 19, 2006 at 04:23:06 PM EST
[ Parent ]

Re: Brewing Lamont scandal (Yeah Right!) (1.00 / 1)

<snark>Just what is a "money manager"? If I get one, will I be better off, even though I'm broke?

Like, if I had a million dollars, would I have to hire a "money manager" to manage all that dough?</snark>


by blues on Fri May 19, 2006 at 04:47:17 PM EST
[ Parent ]

Re: Brewing Lamont scandal (Yeah Right!) (none / 0)

This whole thing is sort of like my snarky post:

Meet MyDD's New Corporate Masters

Which pounded this blog with disdain for its """Don't Regulate The Internet!""" ads. I was kidding, really. My next post will, of course, expose this blog's proprietors as owners of Halliburton stock.

Oh yes -- I forgot -- this whole thing is owned by the CIA Internet fakes psyop anyways!


by blues on Fri May 19, 2006 at 05:17:42 PM EST
[ Parent ]

Re: Brewing Lamont scandal (Yeah Right!) (none / 0)

Dear thirdparty:

I made the above post simply to get people to think. So instead of thinking, you just gave me a "1". You will note that I gave one of your posts on this thread a "3", and I almost always give "3s", almost never "0s", "1s", or "2s".


by blues on Fri May 19, 2006 at 08:18:00 PM EST
[ Parent ]

Re: Brewing Lamont scandal, he owns Halliburton st (3.00 / 1)

Someone worth the amount of money Lmaont is worth probably owns huge amounts of diversified portfolies that pruchase across the stock market. It is entirely likely that it is a purchase that is part of a larger investment that someone else entirely takes care of.

Since he is worth at least $90M, it is hard to imagine that he personally handles every stock purchase or transaction worth 15K. Had he known, there is no way he would have ever purchased Hailburton stock. By contrast, Liberman has no problem knowningly using Republican talking points about Dems at every turn.

Trivia: the DCCC was founded by LBJ in the 1940's using oil money from a precursor of Haliburton.
by Chris Bowers on Fri May 19, 2006 at 03:33:44 PM EST

Re: Brewing Lamont scandal, he owns Halliburton st (none / 0)

You're probably right, but you have to admit that it looks bad. Would be nice if Lamont got rid of the stock.


"There is nothing wrong with America that cannot be cured by what is right with America"- Bill Clinton
by bluenc on Fri May 19, 2006 at 03:43:05 PM EST
[ Parent ]

Re: Brewing Lamont scandal, he owns Halliburton st (none / 0)

That's true. It is also a lesson to watch what mutual funds you invest in. There are socially conscious ones--that might be the only way to avoid this sort of thing.
by Chris Bowers on Fri May 19, 2006 at 11:14:38 PM EST
[ Parent ]

Re: Brewing Lamont scandal, he owns Halliburton st (3.00 / 3)

This is crap.  You Lieberman nutjobs are really reaching.  Lamont is a very rich man...he's got tons of stock holdings...I don't know the details but I would have a hard time getting upset about this.  It could be as simple as he owns some mutual funds of which 0.5% is invested in cheneyburton...

This is NOWHERE NEAR as bad as supporting a policy that is causing the daily slaughter of both Americans and Iraqis...not to mention the damage that's being done to our image in the Arab world.

Stop GRASPING AT STRAWS!


The real John McCain.
by Tim Hendricks on Fri May 19, 2006 at 03:42:15 PM EST

Re: Brewing Lamont scandal, he owns Halliburton st (none / 0)

But owning stock in a company that has cheated American taxpayers and defrauded our military? I think it's very likely that Lamont didn't know, but he should dump it.


"There is nothing wrong with America that cannot be cured by what is right with America"- Bill Clinton
by bluenc on Fri May 19, 2006 at 03:44:37 PM EST
[ Parent ]

Re: Brewing Lamont scandal, he owns Halliburton st (none / 0)

A lot of companies have cheated the american tax payers. The reason Halliburton is such big news is Cheney is the VP and he has profited in his tenure with Halliburton solely due to his government experience and nothing to do with his personal genius. And the decision makers who are responsible for enriching Halliburton execs and the proxies for halliburton  have enriched themselves too and started a war because of it.


by Pravin on Fri May 19, 2006 at 05:11:22 PM EST
[ Parent ]

Re: Brewing Lamont scandal, he owns Halliburton st (none / 0)

exactly.


The real John McCain.
by Tim Hendricks on Fri May 19, 2006 at 05:11:58 PM EST
[ Parent ]

Re: Brewing Lamont scandal (3.00 / 5)

OK, you've convinced me. If that's the best the Lieberman Republicans can dig up against him, Lamont must be a SAINT.

Lieberman and the GOP need to first get the several dozen lumberyards out of their own eyes if they expect us to react to motes like this.


by admiralnaismith on Fri May 19, 2006 at 03:49:16 PM EST

Re: Brewing Lamont scandal, he owns Halliburton st (none / 0)

I'm mostly staying out of this in terms of overtly backing a candidate, but the general reaction here is amazing and confounding me.

If it were reported that Joe Lieberman owned stock in Halliburton, it would be a front-page diary about how he's just an evil Republican in Dem clothing and we need to come up with $50,000 for the Lamont campaign by the end of the weekend just to combat this latest offense.  There would be 50 comments centered around how investing in Halliburton legitimizes every ill-step conceived by the Bush administration and 50 more bashing the one or two intrepid souls who tried to defend Lieberman by saying that he has little-to-no knowledge of what he has because it's all in a blind trust anyways.

I'm not saying I particularly like Lieberman, nor do I think that this Halliburton thing is necessarily a very big deal, but let's not kid ourselves about how we treat this issue based on preconceived notions about the folks involved.


by Lucas O'Connor on Fri May 19, 2006 at 03:51:35 PM EST

(banging head against wall) (3.00 / 1)

Can you NOT differentiate between a sitting senator who takes in millions from defense contractors and strongly supports the failed Bush-Cheney Iraq policy...

...and an insurgent candidate who is strongly against said policy, yet happens to own a bit of Halliburton stock in some managed investment account?

IT'S THE POLICY, STUPID.


by tparty on Fri May 19, 2006 at 04:01:09 PM EST
[ Parent ]

Re: (banging head against wall) (none / 0)

Wow, can you NOT see that the point of my post wasn't remotely to do with anything you just wrote?  I didn't say anything about the merits of Lamont's candidacy or Lieberman's tenure as a Senator.  I didn't say whether this stock issue should matter to anyone or not.  I simply said that if Lieberman were the one with Halliburton stock, people wouldn't be nearly as quick to dismiss it because people on this site love to demonize Lieberman whether the issue of that moment is valid or not.

Furthermore, it's sad how this site has essentially become a blog for Lamont vs. Lieberman over the past few weeks.  If that's all everyone is interested in, then by all means have at it, but it strikes me as WAY down on the list of national issues right now as immigration reform, domestic wiretapping, english as the national language and myriad other issues are getting largely ignored as they wind their way through Congress.

If I had to choose between Hayden or Lieberman remaining in an office of power, I'd choose Lieberman.  Flame me all you want for not being committed enough to the cause or nuanced enough to understand how Lieberman is the Democratic anti-christ, but Hayden is actively engaging in violations of the Bill of Rights on an ongoing basis and is about to be put in a position to expand said violations.  Yet I have to go through NINE front page articles about Lamont/Lieberman and FIVE about Net Neutrality before I get to one that even touches on Hayden, and that's only in an interview with Russ Feingold.

In fact, I go through 5 more Lamont/Lieberman stories, 6 stories about Chris Bowers running for state office and 6 stories about Net Neutrality before the idea of a poll on spying shows up, and that was a week ago.  Once upon a time, the discussion here took on more than two or three issues a month.  Perhaps it's not fair for me to be expecting more, but it's still disappointing.

Also, calling me stupid is a rather indecorous tactic isn't it?


by Lucas O'Connor on Fri May 19, 2006 at 05:27:01 PM EST
[ Parent ]

Re: (banging head against wall) (none / 0)

I didn't say whether this stock issue should matter to anyone or not.  I simply said that if Lieberman were the one with Halliburton stock, people wouldn't be nearly as quick to dismiss it because people on this site love to demonize Lieberman whether the issue of that moment is valid or not.

Look, Lieberman holding Halliburton stock might raise serious questions because he's consistantly voted the way Halliburton would have wanted him to. Not because we love to demonize him.

Although if it was in the same amount as Lamont's holding, i don't think it would be an issue at all. Even here.

And "It's the ___, stupid" is a take on a rather well-known James Carville phrase from Clinton'92. Not a personal attack.


by tparty on Fri May 19, 2006 at 06:11:11 PM EST
[ Parent ]

Re: Brewing Lamont scandal, he owns Halliburton st (none / 0)

Lucas O'Connor:

If it were reported that Joe Lieberman owned stock in Halliburton, it would be a front-page diary about how he's just an evil Republican in Dem clothing and we need to come up with $50,000 for the Lamont campaign by the end of the weekend just to combat this latest offense.  There would be 50 comments centered around how investing in Halliburton legitimizes every ill-step conceived by the Bush administration and 50 more bashing the one or two intrepid souls who tried to defend Lieberman by saying that he has little-to-no knowledge of what he has because it's all in a blind trust anyways.

The plain truth is that I, blues, would not begin to think about grousing on an "issue" like this that is just not an issue.


by blues on Fri May 19, 2006 at 05:00:33 PM EST
[ Parent ]

Halliburton (3.00 / 2)

Oh... oh my god.

I mean, if Lamont owns Halliburton stock... that means he might vote to support the failed Bush-Cheney Iraq policy!!!

LIKE JOE LIEBERMAN.

My head is spinning.


by tparty on Fri May 19, 2006 at 03:58:27 PM EST

Wow How Desperate (3.00 / 2)

Look, I dont even like Lamont all that much.  If I would vote for him because I really dislike Lieberman, but he doesnt really excite me.  So, what's my point?  Who friggin cares if he has Haliburton stock.  Is he the type of person who would cater his policies toward Haliburton because he owns their stock?  As I said, Im not a huge fan of his, I wish he was more of an economic progressive, but I dont think there is any chance that he would.  If nothing else, Lamont is a very constientious, moral guy.  Unlike his opponent.


Andy Katz
by Andy Katz on Fri May 19, 2006 at 04:19:48 PM EST

Like Michael Moore ? (none / 0)

Haliburton has like literally 1,000,000,000 shares at $100 a share. They have so much cash that the stock certificates blow down the street on windy days. So yes, it's going to show up in any portfolio.


by bernardpliers on Fri May 19, 2006 at 04:28:14 PM EST

Such a non topic (3.00 / 1)

Let's get this straight - just owning stock in any kind of company is not a scandal in itself. It is clear you are pretty desperate to make Lamont look bad. First things first. So what if he has stock in Halliburton? It's your boy Joe Lieberman that helps Lamont get rich because it is lieberman's support for a useless war that is enriching Halliburton. And as far as Halliburton is concerned, I may be wrong on this , but I don't think their stock is even such a strong performer. I think the execs enrich themselves which gets factored into the cost part of the cost plus small fixed profit formula  and the big losers are usually the taxpayers while the stockholders are really not as big winners as they should be. Cheney made money on salaries, perks, and options probably given to him at artificially low prices. I will have to examine the whole thing to know more about the specifics.

Nothing wrong with wanting to investigate the guy's portfolio. I would like you to check every hard working liberal's mutual funds and examine every single company they are invested in. Companies that employ robber barons as CEOs, employ slave labor abroad, and other various misdeeds.

Having stock in Halliburton, while not desirable, is not a conflict of interest, unless Lamont was already in some defense related position. Lamont was a private citizen. It's not the same as Cheney whose involvement in Halliburton pretty much came down to his using his government service and contacts for profit.  Quite frankly, I recommended some oil companies as good investments to some of my cousins. I just could not pull the trigger on these vile companies. But it would not bother me one bit if a private citizen did so. Lamont has been a private businessmen for a while.

Come on, you gotta do better than that to attack Lamont.


by Pravin on Fri May 19, 2006 at 05:05:43 PM EST

This actually reflects well on Lamont (3.00 / 1)

THe fact that he owns stock in Halliburton and still opposes this war shows that he does not care about his personal profit.


by Pravin on Fri May 19, 2006 at 05:07:24 PM EST

Brewing Lieberman tea spin!!! (3.00 / 1)

You are a piece of work Liebermanlover.

yer guy has abandoned the party and works for the other side. You're going to have to do a lot better than this crap to get past the fact that Joementum works for the Bush/Cheney folks.


The 10,000 Things
by Andrew C White on Fri May 19, 2006 at 05:19:28 PM EST

I'm worse (3.00 / 2)

So even using the most damning numbers, saying Lamont owns the full $50,000 in Halliburton stock out of a net worth of only $90,000,000, means that only .055% of his total holdings are in Halliburton.

For comparison, I looked up the mutual fund where I keep my IRA and .244% of its holdings are in Halliburton. By the above logic, that makes me about five times worse a person than Ned Lamont!


by Crazy Vaclav on Fri May 19, 2006 at 05:37:47 PM EST

Let's see... (none / 0)

My calculations indicate that this is represents somewhere between 0.005% and 0.055% of Lamont's fortune.  Let's see...that would be about equivalent to...me buying a cup of coffe at an Exxon station. Does that mean I'm morally bankrupt?

I do think he should dump the stock.  (and yeah, I should get my coffee somewhere else from now on...)

Photobucket - Video and Image Hosting I just couldn't resist!


The real John McCain.
by Tim Hendricks on Fri May 19, 2006 at 06:21:08 PM EST

Re: Let's see... (none / 0)

Man, not even Bill and Monica shared such a tender moment!


by Pravin on Fri May 19, 2006 at 06:28:22 PM EST
[ Parent ]

Re: Brewing Lamont scandal, he owns Halliburton st (none / 0)

I don't care if Lamont dates Ann Coulter. Lieberman must go so that the rest of the faithless Senate Dems are terrified into compliance. Lamont doesn't matter. What matters is lining Lieberman up against the electoral wall and pulling the philosophical trigger. I want my party to represent its voters, and that begins by shoving Joementum into the crapper.


by georgewturd on Fri May 19, 2006 at 07:16:20 PM EST

Re: Brewing Lamont scandal! (none / 0)

He owns 33.4% of Ct Delegates!


The 10,000 Things
by Andrew C White on Fri May 19, 2006 at 09:12:48 PM EST

Re: Brewing Lamont scandal? (none / 0)

This is the problem with the current political system.

I've no problem w/Lamont acidently owning tainted shares. Rich dude like he is, diversification and the risk frontier and yadda yadda yadda, stands to reason if he's got lots of dough he's into bad things.

This being said, this is the problem, in general, with rich people. They don't give a damn, at a visceral, money-making level, how those riches make more riches.

Which is why it's sad that it takes rich Roosevelt/Rockefeller dudes running on their own dime as progressives to actually win as "progressives".

Given the political environment we live in, I s'pose Lamont, like Mark Dayton or John Corzine before him, is a progressive. Rich guy who talks good, has enough money to buy votes and, more importantly, has enough money left over to let industry know they've nothing to be afraid of...

But it won't be until real working class folks rising from the rank and file can actually ascend to power that we will truly get the progressive change we crave.

I'm dearly hoping for a Lamont victory.

But for CT's sake, I sure hope you don't end up with a Mark Dayton.


by redstar67 on Sat May 20, 2006 at 01:05:52 AM EST

Reform the system (none / 0)

Precisely, campaign finance reform and election reform are critical for the future health of our democracy.


The real John McCain.
by Tim Hendricks on Sat May 20, 2006 at 01:20:41 PM EST
[ Parent ]

Re: Brewing Lamont scandal (none / 0)

Is this the best we can do?  A lexus-driving, Haliburton-owning, Greenwich millionaire with no political experience?  I'm just as mad at Joe as the next guy but I can't in good conscience vote for this guy.


by jackgilead on Mon May 22, 2006 at 09:09:53 AM EST


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