Scandals -- what about Global Crossing


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Posted by Jim Brent on 03/21/02 - 21:48:03
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Here's one the press almost never covers. Global Crossing (the undersea fiber optic network). Because of the Enron-like looting by the politically well connected at the top, the value of the stock is next to nothing.  A conglomerate of Communist Chinese plans to buy the company for a song.  The press ought to be concerned but isn't. Why?  Because they're too busy trying to hang the Enron problem on the Republicans, while ignoring the Democrats' ties to Global Crossing. Classic hypocracy from the so-called 'objective' media.


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