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In reply to the discussion: Martin O'Malley 2016-- The right kind of hawk. [View all]Octafish
(55,745 posts)68. Walmart is closely tied to Ms. Clinton.
ND93: Where are you Al?
Our "Earth in the Balance" Vice President is unable--or unwilling--to stop even as dangerous a project as the Ohio incinerator.
By L.J. Davis
MotherJones | November/December 1993 Issue
EXCERPT...
There has always been something incongruous about Stephens Inc. Despite the Little rock firm's attempts to portray itself as a small- city operation that closes for the duck season and got fabulously lucky on a couple of down-home deals like Wal-Mart, it was, at the incinerator's inception, the ninth-largest investment bank in the country. Since it is not headquartered in New York, its dealings are local news, little noticed by the national press, even when they have national implications. And, as a source close to the company once remarked, "The farther you get from Arkansas, the better it looks."
Stephens Inc. was founded by Witt Stephens, a state legislator's son who parlayed a Depression-era belt-buckle, Bible, and municipal-bond business into an immense personal fortune. After his retirement in 1973, the company was run by his shy younger brother, Jackson (a classmate of Jimmy Carter's at the Naval Academy). Witt Stephens and Stephens Inc. did much to create the economic paradox that is modern Arkansas: a desperately poor state with a scant 2.3 million inhabitants that is nonetheless home to a number of wealthy companies. Without the financial assistance of the Stephens brothers, Sam Walton might have ended his days as the most innovative merchant in Bentonville. Stephens money was also important to the fortunes of enterprises as various as Tyson Foods and Linda Bloodworth-Thomason, the television producer and reigning First Friend. Stephens Inc. is an important client of the Rose law firm, whose chairman, C. Joseph Giroir, made Hillary Rodham Clinton a partner. And back in 1977, Stephens assisted BCCI's infiltration of the American banking system by brokering the latter's purchase of National Bank of Georgia stock held by Bert Lance, former President Jimmy Carter's friend and disgraced budget director.
Jackson Stephens (who turned over the reins to his son, Warren, in the late eighties) and his firm were both substantial contributors to the campaigns of Presidents Reagan and Bush (to the tune of at least $100,000 in 1980 and 1989), but they have been closer still to Bill Clinton (whom Witt Stephens had been known to call "that boy"
.
On two occasions, once when Clinton was running for reelection in Arkansas in 1990 and again in March 1992, when his battered presidential campaign was broke, the Stephens family saved Clinton's bacon with an infusion of money. Indeed, it may not be too much to say that their Worthen Bank's emergency $3.5 million line of credit saved the presidential campaign from extinction. --L.J.D.
-snip
http://www.motherjones.com/news/feature/1993/11/davis.html
PS: As its a progressive, liberal, democratic company, I think the world of Costco.
Our "Earth in the Balance" Vice President is unable--or unwilling--to stop even as dangerous a project as the Ohio incinerator.
By L.J. Davis
MotherJones | November/December 1993 Issue
EXCERPT...
There has always been something incongruous about Stephens Inc. Despite the Little rock firm's attempts to portray itself as a small- city operation that closes for the duck season and got fabulously lucky on a couple of down-home deals like Wal-Mart, it was, at the incinerator's inception, the ninth-largest investment bank in the country. Since it is not headquartered in New York, its dealings are local news, little noticed by the national press, even when they have national implications. And, as a source close to the company once remarked, "The farther you get from Arkansas, the better it looks."
Stephens Inc. was founded by Witt Stephens, a state legislator's son who parlayed a Depression-era belt-buckle, Bible, and municipal-bond business into an immense personal fortune. After his retirement in 1973, the company was run by his shy younger brother, Jackson (a classmate of Jimmy Carter's at the Naval Academy). Witt Stephens and Stephens Inc. did much to create the economic paradox that is modern Arkansas: a desperately poor state with a scant 2.3 million inhabitants that is nonetheless home to a number of wealthy companies. Without the financial assistance of the Stephens brothers, Sam Walton might have ended his days as the most innovative merchant in Bentonville. Stephens money was also important to the fortunes of enterprises as various as Tyson Foods and Linda Bloodworth-Thomason, the television producer and reigning First Friend. Stephens Inc. is an important client of the Rose law firm, whose chairman, C. Joseph Giroir, made Hillary Rodham Clinton a partner. And back in 1977, Stephens assisted BCCI's infiltration of the American banking system by brokering the latter's purchase of National Bank of Georgia stock held by Bert Lance, former President Jimmy Carter's friend and disgraced budget director.
Jackson Stephens (who turned over the reins to his son, Warren, in the late eighties) and his firm were both substantial contributors to the campaigns of Presidents Reagan and Bush (to the tune of at least $100,000 in 1980 and 1989), but they have been closer still to Bill Clinton (whom Witt Stephens had been known to call "that boy"
On two occasions, once when Clinton was running for reelection in Arkansas in 1990 and again in March 1992, when his battered presidential campaign was broke, the Stephens family saved Clinton's bacon with an infusion of money. Indeed, it may not be too much to say that their Worthen Bank's emergency $3.5 million line of credit saved the presidential campaign from extinction. --L.J.D.
-snip
http://www.motherjones.com/news/feature/1993/11/davis.html
PS: As its a progressive, liberal, democratic company, I think the world of Costco.
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Because YOUR side keeps looking for a saviour to protect you from that Hillary Clinton boogie man!
VanillaRhapsody
Apr 2015
#27
first of all, I'm an individual not a "side". No side represents me. I do just fine
cali
Apr 2015
#33
I'm always impressed when people ask for facts to back up a statement, and then when presented with
Chathamization
Apr 2015
#19
There are traditional criteria and then there are anthropocene criteria!
Admiral Loinpresser
Apr 2015
#24
How is that bio suppose to impress me? I just want to know where he stands on
liberal_at_heart
Apr 2015
#51
I am glad to hear he wants to expand SS and a $15/hr minimum wage tied to cost of living.
liberal_at_heart
Apr 2015
#62
How refreshing. A post actually presenting a potential Democratic candidates view, instead of
still_one
Apr 2015
#57
Sanders is still my favorite, but I am liking what I am hearing from O'Malley.
liberal_at_heart
Apr 2015
#69