Think Progress

ThinkFast: March 2, 2009

By Think Progress on Mar 2nd, 2009 at 9:00 am

ThinkFast: March 2, 2009


aigweb.jpg

Last night the federal government agreed to provide an additional $30 billion in taxpayer money to the American International Group. AIG is expected to report a $62 billion loss today, the biggest quarterly loss of any company in history. The U.S. government already owns 80 percent of AIG’s holding company as the result of four previous financial interventions totaling $150 billion.

President Obama is putting his effort to pass health-care-reform legislation into high gear this week. “The president will announce Kansas Gov. Kathleen Sebelius as his choice to head HHS on Monday afternoon, and he may also name a new director of the White House office on health reform.” Later in the week, the White House will host a summit to discuss overhauling the health care system.

Secretary of State Hillary Clinton called on Arabs, Israelis and the international community “to break the cycle of Mideast violence” at a conference in Egypt today and said that the U.S. will pledge $900 million to provide humanitarian assistance in the Gaza strip and to boost the Palestinian economy. Clinton added that none of the money would go to Hamas.

The Washington Times reports that the pharmaceutical industry has directed large sums of money to a charity that Sen. Orrin Hatch (R-UT) helped found. “The donations, $172,500 in all, came at the same time that the Pharmaceutical Research and Manufacturers of America (PhRMA) was paying one of Mr. Hatch’s sons, Scott, to be its lobbyist in Congress.”

Rep. Ellen O. Tauscher (D-CA) will introduce legislation today to overturn the ban against gay men and women serving openly in the military, a Tauscher aide told Politico. In January, White House Press Secretary Robert Gibbs said that President Obama was “committed to following through” on his promise to end the “Don’t Ask, Don’t Tell” policy.

OMB Director Peter Orszag said yesterday that “the White House would consider using a Senate procedural tactic so that only 50 votes would be required to pass major healthcare and energy reforms.” Speaking on ABC’s This Week, Orszag said the administration would prefer not to use the budget reconciliation process to push the reforms through, but added, “We have to keep everything on the table.”

President Obama’s web team is struggling to work in a White House that does not have the technology to send out mass e-mails or text messages to supporters from President Obama. “Beyond the technological upgrades needed to enable text broadcasts, there are security and privacy rules to sort out involving the collection of cellphone numbers.”

A Gallup poll of Muslims in the United States has found that they are far more likely than people in Muslim countries to see themselves as thriving.” The poll also finds that Muslims “are the least content religious group, when compared with Jews, Mormons, Protestants and Roman Catholics.”

Former CAP staffer and Deputy White House Counsel Cassandra Butts has been chosen to head the Equal Employment Opportunity Commission, “which has been beset by shrinking staff, plummeting morale and a growing backlog of job discrimination cases to investigate.” Butts “would provide a much-needed spark” to the commission.

And finally, late last week, Rep. Jeff Flake (R-AZ) and Rep. Jackie Speier (D-CA) got stuck in an elevator for about 20 minutes with a dozen Samoan students. “Flake and Speier did what they do best: They worked the elevator,” talking to the students about their experiences in Hawaii and Samoans in their districts. The students were part of a Close-Up visit to Washington. “That’s a close-up experience, all right,” Politico noted.

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63 Responses to “ThinkFast: March 2, 2009”

  1. 08Dariana says:

    Rep. Jeff Flake (R-AZ) and Rep. Jackie Speier (D-CA) got stuck in an elevator for about 20 minutes with a dozen Samoan students
    wow lol


  2. Nevar says:

    Secretary of State Hillary Clinton said that: “…the U.S. will pledge $900 million to provide humanitarian assistance in the Gaza strip and to boost the Palestinian economy.”

    In light of the astronomical deficit, please subtract this amount from the current extortion payments made to Israel.


  3. Bilbo Hussein Baggins says:

    The U.S. government already owns 80 percent of AIG’s holding company as the result of four previous financial interventions totaling $150 billion.

    Well, if we the taxpayers already own 80% of AIG, then it seems to me this additional 30 billion will make the ownership 100%. So, it’s time to clean house (fire all the executives) and hire competent people to run it.

    Can anyone tell me why it is so important for AIG not to fail?


  4. the brown acid says:

    People, AIG is f88king tainted. Pump all the bailout dough you want into them, it’s not going to change the company’s self destructive reputation. Anybody who would want to do business with any of the bailout recipients is making a foolish mistake.


  5. dae says:

    Why not bribe the Israelis and Palestinians with 30 billion and give AIG $900,000,000. Makes more sense.


  6. the brown acid says:

    Nevar Says:
    In light of the astronomical deficit, please subtract this amount from the current extortion payments made to Israel

    Agree, wholeheartedly.


  7. Bilbo Hussein Baggins says:

    Secretary of State Hillary Clinton called on Arabs, Israelis and the international community “to break the cycle of Mideast violence”…

    She certainly has her work cut out for her considering the new government forming in Israel. And I really don’t get it. Not too long ago a survey showed that 60% of the people in Israel favored direct talks with Hamas. Then they hold an election and elect the most hard right candidate running.


  8. Fred says:

    OMB Director Peter Orszag said yesterday that “the White House would consider using a Senate procedural tactic so that only 50 votes would be required to pass major healthcare and energy reforms.” Speaking on ABC’s This Week, Orszag said the administration would prefer not to use the budget reconciliation process to push the reforms through, but added, “We have to keep everything on the table.”

    Obama 10
    rush 0


  9. Bilbo Hussein Baggins says:

    OMB Director Peter Orszag said yesterday that “the White House would consider using a Senate procedural tactic so that only 50 votes would be required to pass major healthcare and energy reforms.”

    I think that the White House should use any weapon in their arsenal to stop the Obstructionist Republicant’s. But, I do think that it would take 51 votes, not 50.


  10. Marie says:

    Jane Hamsher (Firedog Lake) has a piece on HuffPO today on Rep. Tauscher:
    ..Ellen Tauscher, head of the New Democrat Coalition, working hard on behalf of bank and mortgage industry lobbyists….


  11. ScaryBrownHusseinChick (ThinkOutsideTheBush) says:

    Since I need a job, I volunteer to run AIG. I’m sure I can do way better. What have we got to lose?


  12. Perry logan says:

    In light of the astronomical deficit, please subtract this amount from the current extortion payments made to Israel.

    Hey, yea.

    Also, since we’ve been keeping Israel afloat all these years, maybe they could front us a few billion to help us through the crisis. What will happen to Israel if the U.S. collapses?


  13. the brown acid says:

    ScaryBrownHusseinChick, you could probably spend your entire tenure there sleeping and stoned out of your mind, and still do better than the “Talent” AIG is so concerned with keeping on the payroll!


  14. Briseadh na Faire says:


    Bilbo Hussein Baggins Says:

    OMB Director Peter Orszag said yesterday that “the White House would consider using a Senate procedural tactic so that only 50 votes would be required to pass major healthcare and energy reforms.”

    I think that the White House should use any weapon in their arsenal to stop the Obstructionist Republicant’s. But, I do think that it would take 51 votes, not 50.

    Vice President Biden would cast the tie-breaking vote.


  15. Xisithrus says:

    At the rate these companies, such as AIG, are hemorrhaging money when will they become too smail too exist?

    I cant see any reason to keep bailing out failure, let them die already.


  16. spencers mom says:

    Ending the war, repealing anti-equality laws including equal pay and gay rights, presenting a budget that reflects true expenditure without subterfuge, exposing lobbyist and their direct ties to key legislators, offering up healthcare reform, revising the tax structure the benefits few at the expense of many, ending tax breaks for companies that operate or ship jobs overseas, ending torture and rendition…and the list goes on.

    No wonder the Rushophiles want the administration to fail!

    PEACE


  17. stateofthedivision says:

    AIG’s huge bleeding calls into question Bush’s letting Lehman Brothers implode. However, cousin George Herbert Walker and Jeb Bush came out of bankruptcy as part owners of their respective segments.


  18. Bilbo Hussein Baggins says:

    Briseadh na Faire Says:
    Bilbo Hussein Baggins Says:
    OMB Director Peter Orszag said yesterday that “the White House would consider using a Senate procedural tactic so that only 50 votes would be required to pass major healthcare and energy reforms.”
    I think that the White House should use any weapon in their arsenal to stop the Obstructionist Republicant’s. But, I do think that it would take 51 votes, not 50.
    Vice President Biden would cast the tie-breaking vote.

    I’m not sure how any “procedural tactic” could exist that does not require at least a simple majority for any law to be passed.


  19. Nevar says:

    If we have to pay to reconstruct the Gaza strip after sitting on our hands for weeks, doing nothing (oh, well, aside from making a few bucks selling bunker busters, cluster bombs and white phosphorus) maybe Israel can chip in to help us rebuild Iraq. After all, we did it for them didn’t we?


  20. Dumb Fox the Average Golfer says:

    Bilbo Hussein Baggins Says:

    Can anyone tell me why it is so important for AIG not to fail?

    Think Lehman Brothers and multiply by 100. AIG is the counterparty effectively insuring Goldman et al against terminal credit-crunch related losses. If AIG goes, it brings down everyone else.


  21. RUCerious says:

    OMB Director Peter Orszag said yesterday that “the White House would consider using a Senate procedural tactic so that only 50 votes would be required to pass major healthcare and energy reforms.” Speaking on ABC’s This Week, Orszag said the administration would prefer not to use the budget reconciliation process to push the reforms through, but added, “We have to keep everything on the table.”

    Pay attention, ObstructionistGoopers.

    You are already irrelevant. Please get on board the train, lest you be left in a cloud of sooty grime.


  22. Xisithrus says:

    Let AIG die a respectful death, pull the plug.


  23. dbadass says:

    If AIG goes, it brings down everyone else.
    —–
    That would be sort of interesting to watch.


  24. Xisithrus says:

    Declare the unregulated financial weapons of mass destruction, some 600 trillion to one quadrillion, null and void already.

    There is no way for a country with a GDP of 14 trillion to pay off 600 trillion+- in casino speculation.


  25. stateofthedivision says:

    Gazans should show Tony Blair and Hillary Clinton the door. They approved a “change in strategy” on Gaza in early December. Bombs fell two days after Christmas.

    http://www.haaretz.com/hasen/spages/1048022.html


  26. RUCerious says:

    dbadass, I heard someone say this morning that the entire mortgage system goes down the bathtub drain with it. They’ve been allowed to become to integral to the whole goddamn financial sector. I’d be in favor of breaking it into ten or twelve smaller companies, shitcanning all management, then holding them to repaying all this mucking foney within five years.


  27. Xisithrus says:

    The people are not responsible for the disaster created by Madoff street and should not be bailing them out. I dont care if it does bring dowm ‘everyone else’ by bailing out AIG it only allows them to do more of the same.

    No good can come of it, as we see, another 30 billion now, another 30 billion in a few more months, another and another and another and another.

    Its like throwing people, who created money, thru actual work, into a maelstrom while keeping Bernie Madoff safe on shore.


  28. RUCerious says:

    I’ve got my mortgage with BofA. I’m now wondering, what happens if BofA goes under. Do I get to keep my house? Is my mortgage paid off?


  29. Zimzone says:

    “…American bankers, empowered by a quarter-century of deregulatory zeal, led the world in finding sophisticated ways to enrich themselves by hiding risk and fooling investors.”
    -Paul Krugman / NYT / 3-2-09

    AIG is holding a Trillion dollar bag of shit. They’re the insurer for all the toxic assets hidden within the mortgage mess. $180B in ‘free Federal funds’ is more than AIG is worth.

    If we don’t let some of these banksters and insurers die, they’ll be like zombies in the ‘Night of the Living Dead’, stumbling back in the dark to devour our assets.

    Businesses, like people, have a life cycle. Pull AIG’s plug.


  30. Briseadh na Faire says:

    I think what no one is mentioning regarding the “bailouts” is the effect of the failure of these megacorporations would have on pensions. Pension plans, including public employee pension plans, are heavily invested in stocks. If the stocks become worthless, the plans have no funds to pay their legal obligations. We, the taxpayers, would end up picking up the tab. I’m sure that factors into the equation when it comes to propping up these failed companies.


  31. Dumb Fox the Average Golfer says:

    Further to my post @ 20, here’s the too big to fail argument in more detail.

    Interesting piece for me is the three main components of the 62bn loss:

    - 7bn to repay existing Uncle Sam loans
    - 26bn of writedowns on toxic assets and associated derivatives
    - 21bn “related to taxes”

    So “related to taxes”, huh? Does that mean that the Treasury geeks now looking at AIG have found the company was 21 yards behind on its Federal tax bill? (Trust Geithner’s people to uncover a tax cheater. /snark off)

    And what then of that 30bn further to bail out AIG – seems it was in part a loan to Uncle Sam inc to help Uncle Sam inc pay taxes that should have been paid in years past. So maybe someone can ask some more questions about that.


  32. dbadass says:

    An old sea captain once taught me a valuable lesson…

    “always deal in cash and never let anyone know how much you have”

    I will survive any collapse because I play by different rules. I do feel bad for those that bought the “American Dream” that was sold to them. Still let the house of cards fall. They won’t be able to through the majority of the nation out of their homes…


  33. dbadass says:

    throw not through


  34. Xisithrus says:

    I dont have a pension, and Im not inclined to pay for someone elses just because they invested with a bunch of ponzi minded frauds on Madoff Street.


  35. Dumb Fox the Average Golfer says:

    dbadass Says:

    If AIG goes, it brings down everyone else.
    —–
    That would be sort of interesting to watch.

    Yep, once-in-a-millenium events do have that curious appeal.


  36. Xisithrus says:

    The AIG assets are not assets at all, if they are credit default swaps they are just bets, bets made by derivative speculators who never had any intention of taking possession of what they bet on.


  37. RUCerious says:

    Sorry doggie, that deficit is still bought, but not paid for by your jackass president Bush and his pack o’ jackals.


  38. dbadass says:

    Hi watchdog. I haven’t bothered to mess with the little white guy afraid of the black guy for awhile. How have you been?


  39. Fred says:

    watchdog
    No one is going to challenge your lies, You have a reputation for lying and prenting fraudulent links to lying liars.

    so, hurry and bite me liar.


  40. hussein toasterhead says:

    A scientist forces Al Gore to back down

    Hurry TP blogers discredit this scientist. I’m sure the environment has nothing to do with climate. Hurry!!

    March 2nd, 2009 at 9:59 am
    ____________

    Good for Gore, and for Pielke – the contention that climate change was primarily responsible for an increase in tropical storms and tornadoes has always been a shaky one, as there are so many other factors to consider. While it’s true that climate change models do predict more and higher-intensity storms in the future, to connect current storm activity to climate change without considering the effects of El Ninos and La Ninas and other cyclical systems is a bit misleading, and detracts a bit from the good science Gore is promoting.


  41. hussein toasterhead says:

    watchdog Says:

    NASA’s Chief Climate Scientist Stirs Controversy With Call for Civil Disobedience

    Hansen’s latest call to action blurs the line between astronomer and activist and may violate the Hatch Act, which prohibits federal employees from participating in partisan political activity.

    March 2nd, 2009 at 9:59 am
    ____________

    So saving the planet is now considered a partisan political activity?

    Good to know. I always believed Republicans were the anti-Earth party, but it’s nice to have some proof.

    P.S. This has nothing to do with the Hatch Act. You’re talking out your ass and you know it.


  42. PatrioticLiberalChristian says:

    I suddenly have this mental image of a dog carrying around a shiny metal object..oh, it’s a pocket watch on a chain…which it drops every once in a while a barks at who knows what.


  43. The Republic of Stupidity says:

    watchdog Says:

    NASA’s Chief Climate Scientist Stirs Controversy With Call for Civil Disobedience

    Hansen’s latest call to action blurs the line between astronomer and activist and may violate the Hatch Act, which prohibits federal employees from participating in partisan political activity.
    ________________

    Siiiiiiiiiigh… one grows weary of children’s prating. Again, did you even bother to read the article you linked to before posting, or did you see something shiny and get all excited?
    ________________

    Officials at the U.S. Office of Special Counsel, which investigates possible Hatch Act violations, disagreed, saying Hansen is in the clear since it’s an “issue-oriented activity,” according to Hatch Unit attorney Erica Stern Hamrick.

    The majority of federal government employees are allowed to take an active part in political activities, while workers at other departments like the FBI, Secret Service and National Security Council are subject to more restrictions on their political activities.

    NASA spokesman Mark Hess also defended Hansen.

    “He’s doing this as a private citizen on his own time and there’s nothing wrong with that,” Hess told FOXNews.com. “There’s nothing partisan here. You don’t give up your rights to free speech by becoming a government employee.”
    ________________

    This isn’t like Lurita “Cookies” Doan, as much as you prolly wish it were.
    _________________

    But wait! There’s more… about Dr John Theon:

    http://bigcitylib.blogspot.com/2009/01/john-s-theon-new-elderly-denier-on.html

    WEDNESDAY, JANUARY 28, 2009

    John S. Theon: New Elderly Denier On The Block

    I appreciate the opportunity to add my name to those who disagree that global warming is man made,” Theon wrote to the Minority Office at the Environment and Public Works Committee on January 15, 2009. “I was, in effect, Hansen’s supervisor because I had to justify his funding, allocate his resources, and evaluate his results. I did not have the authority to give him his annual performance evaluation…

    Read the last bit closely. Being “in effect” Hansen’s supervisor is here contrasted with being “in reality” Hansen’s supervisor–being the guy who gives Hansen his annual performance appraisal, in other words–which, frankly, does linguistic violence to the term.

    So, in short, Theon was never Hansen’s “supervisor” in any accepted sense of the word.
    __________

    Dang… I hate when that happens… someone digs a little deeper and all of a sudden, yer premise turns to Cheney on ya.

    And what’s up w/ trying to pass Fox off as a reliable news source? The same Fox that claimed in court it had a Constitutional right to LIE to the public? the same Fox that had THREE GOOPers on yesterday to “debate” th stimulus bill, and not a single Dem?


  44. RUCerious says:

    Nice job TRoS! Poor trolly slinks away with tail between it’s deformed rear legs…


  45. dbadass says:

    This is terrible because you know how scared I am of peoples melanin any shade darker than my own.

    You really need to get over that. Maybe you should meet Tracy_5’s black friend. Isn’t pretty much everyone darker than that frightened see ghosts everywhere shade of white?


  46. Fred says:

    Very nice job tros, we all knew it but you proved it beyond doubt…..here poochie, I have a nice fire hydrant with your name on it.


  47. The Republic of Stupidity says:

    RUCerious Says:

    Nice job TRoS! Poor trolly slinks away with tail between it’s deformed rear legs…
    _____________

    He actually makes it too easy. So many of his sources are, how shall we say… a bit ’spotty”. Funny that… he’s on here constantly bashing figures he doesn’t like, yet someone pushes back, and we’re just “discrediting” him.

    Oh… the irony.


  48. RUCerious says:

    TRoS Says:
    he’s on here constantly bashing figures he doesn’t like, yet someone pushes back, and we’re just “discrediting” him.

    I thought that the term discredit implied there was some credit to dis???


  49. The Republic of Stupidity says:

    RUCerious Says:

    I thought that the term discredit implied there was some credit to dis???
    ____________

    There ya go again… dissing sWatchdog’s cred.

    If it’s not one thing, it’s allus another, huh?


  50. Marie says:

    I have not heard the reasons why executives of failed financial institutions are allowed to remain on the job.

    If there is some explanation that they know more than anyone else about the industry, why are they abysmal failures?

    If they stay on as CEOs, I think they should agree to work for $1 per year until they turn things around, AND they should be invoiced (payable within 60 days) for bonuses and other extra-compensation they received while their companies foundered.

    I can’t keep track of the entire cast of characters, but one of those a$$es arrived in his corporate jet and told Congress he doesn’t need their stinkin’ money (it meant he had to suffer personally). So he prefers that his company goes down and thousands of jobs with it, because of his ego?


  51. The Republic of Stupidity says:

    Bilbo Hussein Baggins Says:

    Can anyone tell me why it is so important for AIG not to fail?
    ___________

    It was considered too big to let fall. Wasn’t it the largest insurance company in the world? I thought the “experts” said it was too intertwined w/ too many other companies, that’s its collapse would be like dominoes and bring a whole bunch of others down w/ it.

    At least that’s what I remember hearing…


  52. Tweedster says:

    watchdog @ 43

    Flagged for being a moron.


  53. Tweedster says:

    O/T

    Right-Wing Propagandists…

    Santelli’s lie-telling…Eric Odom (aka Mr. Philby?) specializes in “astroturfing” (professional lying…go figure!)

    It is strange that Right Wing groups are consistently linked with intentionally deceptive behavior…wonder what that says about their so-called principles?


  54. stateofthedivision says:

    Bush sold his financial rescues as taxpayer investment programs. In the last week taxpayers gave up preferred dividends in Citibank and AIG, to the tune of tens of billions.

    We ponied up another $30 billion for AIG and dropped an initial $85 billion loan to not more than $25 billion.


  55. The Republic of Stupidity says:

    Tweedster Says:

    It is strange that Right Wing groups are consistently linked with intentionally deceptive behavior…wonder what that says about their so-called principles?
    ____________

    Ummm… that they have none?


  56. Tweedster says:

    The Republic of Stupidity Says:

    Ummm… that they have none?

    Ding! Ding!! Ding!!!

    We’ve got a winner!


  57. chris joseph says:

    Let them die.

    Tits-up and GTFO


  58. The Republic of Stupidity says:

    Tweedster Says:

    Ding! Ding!! Ding!!!

    We’ve got a winner!
    __________

    Oooooooo… what do I win? What do I win?


  59. dailyrev@gmail.com says:

    Truth-in-commenting note: until last week, I worked for AIG. They laid me off on Thursday (more on that here).

    The most painful thing about the fall of trolls like AIG goes beyond what it has cost me and other workers — it’s that this was all brought on by a few powerful insiders — and oligarchy, if you will. Thus, as I have written at the blog, the solution is comparatively simple in principle: work to spread democracy not to Iraq or some other foreign land, but within our corporate towers. Sometime last year I wrote a post in which I listed out the Bill of Rights and demonstrated how every single item in that amendment is ignored or flagrantly violated in our corporate offices. If the constitution can’t be honored in a place where many of us spend a third of our lives, what hope is there for a truly democratic future anywhere?


  60. stateofthedivision says:

    Obama’s White House person for health care reform is Nancy-Ann Deparle. She’s a private equity underwriter (PEU) with a long history of making big money on healthcare boards.

    I knew TP would rue the day they post SEC filings. The blues play as dirty as the reds, at least since the Clinton days:

    http://stateofthedivision.blogspot.com/2009/03/white-house-health-care-reformer-is-peu.html


  61. stateofthedivision says:

    If anyone else wants to explore Nancy-Ann Deparle’s corporate credentials, feel free:

    http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001144511&owner=include&count=40


  62. stateofthedivision says:

    In 2007 alone, Ms. Deparle received $450,000 in board compensation. That doesn’t include her full time work as a PEU.


  63. stateofthedivision says:

    Since TP no longer does investigations:

    Cerner Corporation (health care information systems, appointed May 2001)–Nancy is a member of Cerner’s board compensation committee. She received $195,051 in board compensation for 2007. Cerner believes in pay for performance, just like Wall Street. It can and will do the same for health care. Nancy controls 27,000 shares of Cerner stock. At $35.25 a share, Ms. DeParle holds $951,750 in Cerner. Isn’t healthcare IT a big part of the President’s health care reform plan?

    Boston Scientific (medical devices, appointed April 2006)–Nancy shares a board seat with health care economist Uwe Reinhardt. They served together on Triad Hospitals board, both making millions from the sale. Nancy serves on the executive compensation committee. They utilize pay for performance and carried interest. Her 2007 board compensation was $160,358. She has 60,020 in beneficially owned stock. At $6.66 a share, she controls roughly $400,000 in Boston Scientific stock.

    Davita (dialysis care, appointed May 2001)–Nancy serves on DaVita’s board compensation and public policy committees. She holds 38,984 shares of DaVita. At $46.04 per share, that’s nearly $1.8 million. Her 2007 director’s compensation was $193,913.

    Legacy Health Partners (for-profit hospitals, privately held)– Ex-Triad CEO Denny Shelton started LHP with funding from CCMP, after CCMP’s bid for Triad failed.

    Triad Hospitals (for-profit hospitals)–Nancy grossed $1.4 million from the sale of Triad to Community Health Systems.

    Medco Health Solutions (pharmaceutical distribution and pharmacy benefits management)–Nancy was on the board of Accredo Health, which was acquired by Medco.

    Guidant Corp (medical device maker)–Nancy’s SEC records show the sale of over 13,000 of Guidant in February of 2004. She exercised options for a quick double, totalling $442,000. Guidant merged with Boston Scientific in 2006. Nancy cashed in 38,000 shares of Guidant in the combination.

    Specialty Labs Inc. (laboratory services)–Ms. DeParle served on the Board regulatory committee for the company. For her work she received 38,500 beneficially owned shares. She cashed those out when Welsh, Carson, Anderson and Stowe purchased the firm. WCAS, a fellow PEU, later sold it for a nice profit to Quest Diagnostics.

    For links, go to:

    http://stateofthedivision.blogspot.com/2009/03/white-house-health-care-reformer-is-peu.html



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