The company set up to manage the money of former presidential candidate Ross Perot is liquidating a fixed-income hedge fund. Perot and his family are the biggest investors in the fund. The company, Parkcentral Global Hub Ltd., saw assets fall as much as 40 percent to $1.5 billion this year through October. Read more…
Over the years, we’ve heard politicians say some whoppers: really dumb things that make us think, “ooh, did he just say that?” Well, yes he did. And here they are, bookended by Tricky Dick himself:
- Richard Nixon (1973) - “You know, I always wondered about that taping equipment but I’m damn glad we have it, aren’t you?” (Watergate. ‘Nuff said.)
- Herbert Hoover (1929) - “The fundamental business of the country, that is, production and distribution of commodities, is on a sound and prosperous basis.” (The Stock Market Crash happened less than a week later.)
- Bill Clinton (1998) - “That depends on what the meaning of ‘is’ is.” (Come on.)
- Lyndon B. Johnson (1964) - “We still seek no wider war.” (They did.)
- Mark Foley (1998) - “It’s vile. It’s more sad than anything else, to see someone with such potential throw it all down the drain because of a sexual addiction.” (This guy’s career was sunk when he was found to be “addicted” to sexy text messaging with male congressional pages.)
- Jimmy Carter (1976) - “I’ve looked on a lot of women with lust. I’ve committed adultery in my heart many times.” (Ew.)
- John McCain (2008) - “The fundamentals of the economy are strong.” (They really weren’t.)
- George H.W. Bush (1988) - “Read my lips: no new taxes.” (Oh, there were new taxes.)
- Bill Clinton (1998) - “I did not have sexual relations with that woman.” (He did.)
- Richard M. Nixon (1973) - “I am not a crook.” (He was.)
Read more…
President-elect Barack Obama appeared on 60 Minutes last week to weigh in on all the big issues, after taking an apparent media break since his election: