"Harry Krause" wrote in message
...

Harry was working for ULLICO and using insider info to make a profit,
while
those with money in the union pension funds got screwed.

You're wrong on all three counts.

No I'm actually pretty accurate. Let's review:

Count #1: Harry was working for ULLICO
Proof: For media inquiries, please contact the individual listed below:
Harry Krause
ULLICO Inc.
(202) 682-7957


Count #2: using insider info to make a profit
Proof: Difficult to prove that the info was "insider trading"...but one has
to ask why would a guy who says he *never* does speculative investing
suddenly do speculative investing in a company like Global
Crossing...specifically, a company that his employer had close contacts with
and large investments in?

Count #3: "while those with money in the union pension funds got screwed"
Proof: From the NY Times
"Global Crossing spiraled toward bankruptcy, and Ullico's stock took a
tumble, the Ullico directors who had bought their stock at $54 a share
were given two opportunities to sell it back, the first time for $146 a
share, the second time for $75. As Georgine and the other Ullico
officials made $6.7 million in profits, the union pension funds that own
Ullico could not take advantage of the same deal."


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Sure doesn't look like I'm wrong...