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Hermitage Capital, Hamilton Securities, and Time to Speak Up… [Publ. Sept. 20, 2012. See Also “Comments”]

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Post title Hermitage Capital, Hamilton Securities, and Time to Speak Up… [Publ. Sept. 20, 2012. See Also “Comments'”]. ** (short-link ends “-18o”)

HERMITAGE CAPITAL refers to the Bill Browder/Edmund J. Safra hedge funds (not located in, or for use by “U.S. Persons” but relating to the Magnitsky Act.  “Hamilton Securities” is my reference (in 2012, I was just discovering these entire concepts) Catherine Austin Fitts and (though not from her), the concept of C.A.F.R.’s.

Summer 2022 Blogger INTRO/UPDATE

(This UPDATE has sections and ends where I’ve marked it, followed by the title & link again, then the post as (unless marked otherwise) as written and published Sept. 2012.  The “10,800” word count above doesn’t include about 2,000 words in “Summer 2022 Blogger Intro/Update” (I quoted, rather than linked to, Wiki, and some testimony by Bill Browder from June 2009 relating to this post).

In this post I contrast the wide public shock and outrage about what a U.S. ex-pat (William Felix Browder, “Bill Browder”) discussed and wanted the U.S. Congress to address and correct what Russia had done to his lawyer Sergei Magnitsky in an Act of Congress (although Browder had by then long since abandoned his U.S. Citizenship for British, in 1998-199) with my own — and not mine only — shock and outrage about what’s already going on HERE, in the U.S.A. (in some of the same years:  1980s, 1990s, early 2000s) (and, still is) both economically and regarding the human rights abuses exercised within and around our primary government institutions, especially the courts.

It was appropriate to say ten years ago, and I believe still is.  Meanwhile, this is a fascinating and historically relevant story line about national priorities and international connections/investments.

Browder’s extraordinary family history, talent and connections:  His paternal grandfather Earl was leader of the American Communist Party 1930-1945, and with his wife, married in Russia, had three essentially genius (mathematics, physics) sons (See the Wiki!), including math prodigy (Bill’s father FELIX, who suffered from McCarthyism — until Eleanor Roosevelt, then Chairman of the board of Brandeis University, championed him. Names like MIT, Princeton, University of Chicago, Bell Labs, University of Boulder, Colorado; Stanford MBA, Boston Consulting Group (London), particle physics, throughout the wiki….  No sisters or daughters are mentioned…

William Felix Browder (b. 1964) Wikipedia, see the Magnitsky Act (for my post, Sept.20, 2012)

William Felix Browder (born April 23, 1964)[1] is an American-born British financier and political activist. He is the CEO and co-founder of Hermitage Capital Management, the investment advisor to the Hermitage Fund, which at one time was the largest foreign portfolio investor in Russia.[3][4][5] … …

William Felix Browder was born in Princeton, New Jersey, and he grew up in Chicago, Illinois. He is the son of mathematician Felix Browder, and the grandson of Earl Browder. He attended the University of Colorado, Boulder, before transferring to the University of Chicago, from which he graduated with a degree in economics. He earned an MBA from the Stanford Graduate School of Business[18] in 1989 and entered the financial sector.[19]

And (also from that Wiki):

Browder’s paternal grandfather Earl Browder was born in Kansas in 1891.[1] He was a radical and had lived in the Soviet Union for several years from 1927 and married Raisa Berkman, a Jewish Russian woman while living there.[1] After his return to the United States in 1931,[1] Earl Browder became the leader of the Communist Party USA from 1930 to 1945 and ran for U.S. president in 1936 and 1940.[9] After World War II, Browder lost favor with Moscow and was expelled from the U.S. Communist Party.[1]

Earl and his wife Raisa had three children, all sons, and all three became mathematicians who headed the mathematics departments of top American universities[1] including Bill Browder’s father Felix Browder who married Eva (Tislowitz). Felix was a mathematics prodigy who had entered MIT at 16, acquired his bachelor’s degree in two years, and by the age of 20 received a Ph.D. from Princeton.[1] But during the McCarthy era, he could not find work because he was the son of the onetime head of the Communist Party USA.[20][21] After a series of job rejections in the 1950s, he was championed by Eleanor Roosevelt, the former First Lady who was then chairman of the board of Brandeis University; she overrode the rest of the board who were afraid to hire him, and he gained a position at Brandeis.[1] Felix went on to chair the mathematics department at the University of Chicago, and in 1999 became the president of the American Mathematical Society.[1]

Felix Browder was renowned in the field of nonlinear functional analysis—a branch of mathematics with wide applications to such fields as physics, engineering, and finance. He was instrumental in establishing a science and technology center in conjunction with Princeton University and Bell Labs. In 1999, he was awarded the National Medal of Science by President Bill Clinton, for his “key role in the explosive growth of nonlinear functional analysis and its applications to partial differential equations in recent years”.[1]

Bill Browder has one sibling, Tom Browder, who entered the University of Chicago at 15, and became a leading particle physicist.[1] Bill Browder’s son Joshua is the founder of DoNotPay, a startup that helps to automate certain legal services.[22]

In case the opening phrases and points of reference in my title are not familiar: William Browder’s voice and testimony before the U.S. Helsinki Commission, in 2009.  I’ll quote it again below, but added some font emphases (bold, highlighting, underline etc.) here:

I trust most readers will remember some major-shockwave “economic events” of 2008//LGH:

Testimony of William Browder. Commission on Security & Cooperation in Europe the U.S. Helsinki Commission. June 23, 2009

Her­mitage Cap­i­tal and Share­holder Activism

Speak­ing before you today car­ries on a fam­ily tra­di­tion of sorts. My grand­fa­ther, Earl Brow­der, was the head of the Amer­i­can Com­mu­nist Party and appeared before his fair share of Con­gres­sional com­mit­tees over the course of his life­time. He had met my grand­mother dur­ing his trav­els in the Soviet Union, so you could say that Rus­sia and pop­ulist pol­i­tics were in my blood. As the fam­ily rebel, how­ever, I decided to go to an Amer­i­can busi­ness school and ulti­mately went back to Rus­sia fol­low­ing the col­lapse of the Soviet Union to build a business.

I founded Her­mitage in 1996 in part­ner­ship with the late Edmond Safra as a way for west­ern investors to invest in the Russ­ian stock mar­ket. The firm ulti­mately grew to become the sin­gle largest for­eign port­fo­lio investor in Rus­sia, with some $4 bil­lion under man­age­ment in 2006, a sub­stan­tial por­tion of which came from U.S. insti­tu­tional and indi­vid­ual investors. One of the big rea­sons for the firm’s suc­cess was our strat­egy of invest­ing in the stocks of com­pa­nies that were out of favor due to bad man­age­ment, cor­rup­tion, share­holder rights abuses or out­right theft. We would then work to change man­age­ment, stop fraud and defend the inter­ests of minor­ity share­hold­ers through share­holder activism. If we were suc­cess­ful in improv­ing cor­po­rate gov­er­nance, the mar­ket would ulti­mately rec­og­nize this. As the com­pany came back into favor, its stock price would rise, our investors would profit and the Russ­ian econ­omy would be bet­ter off for hav­ing a more pro­duc­tive, trans­par­ent econ­omy. For sev­eral years it was a win-win sit­u­a­tion for every­one except cor­rupt cor­po­rate man­age­ment and their part­ners in government.

Due to weak courts and legal pro­tec­tions, our biggest lever­age was often the bully pul­pit of the press. Since 1996 we waged dozens of high-profile pub­lic activist cam­paigns tar­get­ing mis­man­age­ment and cor­rup­tion at some of the largest com­pa­nies in Rus­sia. These included Gazprom (the state-controlled nat­ural gas monop­oly), Uni­fied Energy Sys­tems (the national elec­tric­ity util­ity), Sber­bank (the largest bank in Rus­sia) and Surgut­nefte­gas (the fourth-largest oil com­pany in Russia).

Most of the com­pa­nies we sought to reform were con­trolled by the Russ­ian gov­ern­ment, …

(Next comments are still my Summer 2022 Blogger Intro/Update):

In July/Aug. 2022 I had reason to republish (Twitter) two posts from Feb. 2013.  One of them referred to a post (My POV on the Center for Family in Transition) from Sept. 2012; another referred internally to a post called “Stunning Validation of Jeffrey Moussaieff Masson” (Re:  The origins of psychoanalysis/Freud’s archives, a.k.a. “The Assault on Truth.”

In writing those, I documented direct connections with these developed fields of practice to the current (US) family court system which attempts to internationalize (alongside fatherhood promotion and domestic violence/child abuse prevention) continue. I’m not sure that anyone else has made these connections — of family court professionals and their associations to individuals helping propound and propagate two MAJOR fields of practice in the USA, and schools to provide PhDs in those fields, and government-sponsored major careers in the same fields.

Looking to reformat (for easier reading) “My POV on the Center for Family In Transition” Searching on my Admin Dashboard for another Sept. 2012 post to clean up its formatting, I saw what an ACTIVE month it was.

This Hermitage Capital/Hamilton Securities post and one other had the most tags.  In 2022 (that is, nearly ten years after I composed this piece, a time I remember well in my life, as well as I remember writing most of it), Russia is making war on the Ukraine, we’ve come through a “game-changing” pandemic and strife-filled/contested change of U.S. Presidency, and major price increases nationwide, i.e., inflation, and the Family Court Reform coalitions have coalesced even more (closed ranks) to continue the same kinds of censorship of public-private entity collaboration to (on the surface) fund BOTH sides of a gender war — while now the usage of the word “woman” itself is under strategic attack for redefinition as not particularly exclusive to human beings born with an XX (i.e., no “Y”) chromosome.

And alleged feminists, who ought to be as concerned about the corrupt (not “flawed” or slightly broken) family courts as about deprivation of abortion privileges (although that’s NO small deal), and journalists covering such stories, still fail to show the larger contexts, the financial incentives, and attempt to keep the public puzzled, under-informed, fiscally illiterate, and without vocabulary to distinguish (let alone recognize) and ENTITY from a NON-ENTITY, especially when so many of the latter are facilitated (and their websites and publications, and sponsorships) within major universities, public and private, to perpetuate their beliefs — not necessarily ours.

THIS post will shed some light on THAT practice.  Just take your time reading it, or read it in sections.  

I  am no longer as tuned in to some of the points of reference (individuals here, but I certainly am to basic principles raised in the post).  Not counting my formatting (lack of) expertise , especially around quotes, from what I can see a decade later on a quick review, I stand by this post and still recommend reading it, both for points raised and for how I expressed them (the phrasing, and questions asked).

That said, it’s a dense 10,800 words, not a quick read!  From the edits below, and because it’d already been reformatted (to add white background, borders, title link, etc.) I can see I thought enough of the work on this post to update it and refer to it again in (at least) 2014 and in 2019.  And now, 2022.    I have not changed any content, just this time, expanded the “tags” image and reminded people they can see both tags and comments below the bottom of this post.

If it makes sense to you, or to rebut any parts of it, please link, tweet, refer others let me know. I will probably respond faster on Twitter (@LetUsGetHonest) than to a comment here (I only get email alerts & don’t check email as often). Thanks for your consideration.  //LGH.  Aug. 1, 2022.


~~ (END of Summer 2022 Blogger UPDATE)~~

Again:Post title Hermitage Capital, Hamilton Securities, and Time to Speak Up… [Publ. Sept. 20, 2012. See Also “Comments'”]. ** (short-link ends “-18o”)

**(With case-sensitive short-link ending “-18o” and about 10,800 words. Tweaked for format 1/1/2019 (yes, New Year’s Day) in response to Bill Browder in the news again.  Most tweaks were to the quotes, and I added some tags, including a few which were phrases summarizing key points as I saw them then (and still do). The background-color and font schemes (for quotes) are ‘all over the place.’ I made no attempt to redeem them or apply classic style consistency…Check out the next image of post tags, and two of the four comments (mine) with more data.  Some of the length is from long quotes…. //LGH.)

Next image: these tags indicate some, not all, the content. Two tags are complete sentences, a few refer to books about empires past.  Screenshot was taken 1/1/2019 after I tweaked this post in anticipation of posting excerpts on Twitter, or adding a new post on current events relating to The Magnitsky Act passed in 2012 at the urging of ex-pat U.S. Citizen (see “taxes”) now British hedge fund investor/manager (see Hermitage Capital), Bill Browder.

Tags as active links (clickable) are available below the bottom of post content. While I was enthusiastically adding these tags, I’m not sure how many were used elsewhere in the blog…

Tags to my Sept 20, 2012 post (some added Jan 1, 2019) on Hermitage, Hamilton Securities, Bill Browder, Magnitsky Law, and more generally, on the landscape of control. Bottom of image reflects previous & next post titles, showing some of my subject matter focus at that time.


How valuable is life? Does it depend on whose life?  Where’s your outrage and action?

I apologize for my inability (so far) to say this in a concise, trademarkable format.  I tend to the conversational:  “Consider this!”

I caught a hair-raising fragment of a Charlie Rose show; however, this horror story from Russia is NOT unique to Russia, IF we have ears to hear the Hamilton Securities and other similar stories.

Please learn with me….I know my blog isn’t good enough to communicate, but who else is explaining that what they say is unique to Russia isn’t — or isn’t yet — here. It could be anywhere, and is in parts, here.

Charlie Rose Hears Businessman’s Horrific Russian Nightmare That Has Enraged The U.S. Congress

Posted on September 20, 2012 by Brent Lambert

William Browder (born 1964) is the Chief Executive Officer and co-founder of the investment fund Hermitage Capital Management.  The other night he sat down with Charlie Rose and proceeded to share his shocking and devastating story about his experience in Moscow that led to the imprisonment, torture, and eventual death of his lawyer Sergei Magnitsky.

Although Browder was a supporter of Russian president Vladimir Putin, in 2006, after ten years doing business in the country, he was blacklisted by the Russian government as a “threat to national security” and denied entry to the country.  The Economist has accused the Russian government of blacklisting Browder because he interfered with the flow of money to “corrupt bureaucrats and their businessmen accomplices”.  And when you interfere with the corrupt Russian government your life instantly becomes a living hell.  The story that Bill Browder shares with Charlie Rose is so unbelievable it’s hard to imagine that something like this is still possible in 2012.

Is it?…. Not for me…

As Browder explains, his experience has enraged members of the U.S. Congress who are pushing through The Magnitsky Law, named in honor Sergei, which would impose a visa ban and asset freeze against the officials responsible not only for Magnitsky’s murder but also for other human rights abuses, including against individuals who “expose illegal activity” carried out by Russian officials or who seek to “defend or promote internationally recognized human rights and freedoms.” This includes journalists who have been murdered when they have dug too close to powerful officials or oligarchs. It includes human rights activists who have been beaten and crippled or killed for exposing the mistreatment of their fellow Russians.

To learn more about how organized crime has permeated every facet of the Russian Government be sure to visit Russian-Untouchables.com.  You can also read Bill Browder’s full story in his own words by reading his gut-wrenching personal story which he wrote for The Financial Times in 2009 entitled “They Killed My Lawyer.”


It is gut-wrenching.  But, by comparison, what would you call “The Franklin Coverup“** — that also was gut-wrenching, involved the unconscionable, and resulted in several people involved in exposing it meeting their deaths by violent means.

(**Link & this paragraph added 2019, but I’d been posting on it here and on another blog by 2012. Key info! If nothing else, Read foreword, table of contents, epilogue)One father and son investigator were, apparently, blown out of the sky returning from an interview with evidence, in a small plane (Gary Caradori).  The man who’d been hired to investigate their deaths then died under suspicious circumstances (Bill Colby, whom author says he knew well).

(From a diff’t site, regarding Private Investigator Gary Caradori; the year is 1991; after his plane was blown out of the sky, with father, 8-year-old son [and evidence he had just phoned this Senator about before the flight home] on board):

Senator Schmit submitted an affidavit stating that he had been warned that Caradori’s life was in danger. He also wrote a letter to the National Transportation Safety Board regarding the missing backseats of Caradori’s plane: “… I do not know anything about sabotage, but I have been told that a phosphorous type bomb would, in fact, vaporize metal and any other material with which it came in contact and that unless someone knew what they were looking for, it would be difficult, if not impossible, to detect…. I am sure there will be those who will scoff at such a suggestion, but there have been entirely too many violent deaths associated with this investigation….” http://franklinscandal.com/franklinscandal_caradoriinfo3.html (see also “info2” & “info1” urls for previous pages).

[This section + next four annotated (2X2) black-background images from FranklinScandal.com added 1/2019 and deal specifically with Gary Caradori’s evidence and sudden violent death with his son. DeCamp (Wm.Colby longtime friend) in The FranklinCoverup wrote that Colby, assigned to investigate Caradori’s death, also died in completely out-of-character circumstances.]

[Resuming the Sept. 2012 blog text..]


How invested are you, really — in the belief that that’s THERE but HERE it’s much better and significantly different; in the belief that THAT would NOT take place here (or that it has not).  In other words, do you still believe in US sovereignty?

Congress is outraged and ready to pass a law – but this is NOT a U.S. Corporation — the company headquartered in Guernsey and has an office in the Cayman Islands and Moscow. Yet the US Congress inherently moral about human rights abuses, is so enraged about the pilfering of its assets, and torture and murder of its attorney(s)  . . .  not that human rights abuses aren’t outrageous, but . . . . .

But I have to still ask the hard question — why is Congress protecting a non-US firm, while at the same time — and let’s quit pretending, OK? — selling off the assets of its own people who reside here, also treating horribly those who expose local corruption, and running (very profitably) a prison population which is not only a virtual slave labor force, but also a great investment for those who have no conscience about ongoing rapes and sexual assaults of minors in its cages (Correction Corporation of America)? (Read how Alex Friedman, Prison Legal News, an ex-CCA prisoner and now CCA shareholder, obtained 20% of shares to do something about the situation)

Bear with me if it’s a language or concept stretch; but we all ought to know stuff like this.

 

How often do you run across a website with a warning like this?  As a “U.S. Person” I cannot even access this site!  Does that include the “About Us” page? [[I’m not seeking information for purposes of purchase or joining…]]


Our warning and disclaimer below is addressed to you whether you access our site for yourself or for somebody else. You must draw this caution to the notice of anybody for whom you access the Hermitage Capital Management site (the “Site”) and/or who may access the Site using your password and who is thus not compelled to register as a new user.

The Site contains data and facts on investments. These are provided for information only. Hermitage Capital Management Limited reserves the right at any time without notice to (a) change or withdraw the content or format of any part of its site and/or (b) vary or withdraw references or connections to other parts of the Internet and/or (c) restrict your access to parts of the Site.

The format and contents of the site are the copyright property of Hermitage Capital Management Limited. All rights herein are reserved.

Units or shares in the fund(s) described on this or the following page(s) are not available for sale in any jurisdiction in which such sale would be prohibited.

US Investors

If you are a US citizen or resident, or represent a trust which is subject to taxation under US Internal Revenue Service requirements, or represent a partnership or corporation organised under the laws of the United States of America or any state, territory or possession thereof (“US Persons“) you are prohibited by law from buying investments other than those authorised for sale by the SEC. Units or shares in the Funds for which information is provided on this site are not authorised for sale by the SEC and are therefore not available for sale in the United States or to US Persons. Although the information provided on this site is not an invitation to subscribe for shares or units in such Funds, US persons may not access this site. 

Read the rest of this entry »

Speaking of CCA profits, Franklin County, Ohio, Judge Allows Sale of Five Prisons: Three Out-of-State Bidders. Speaking of Prisons, Ohio’s Fatherhood ‘InsideOut Dad’ Curricula [Publ. Sept. 13, 2011, Reformatted June. 6, 2022].

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Post Title: Speaking of CCA profits, Franklin County, OH Judge Allows Sale of 5 Prisons: Three Out-of-State Bidders. Speaking of Prisons, Ohio’s Fatherhood ‘InsideOut Dad’ Curricula [Publ. Sept. 13, 2011, Reformatted June. 6, 2022].  (case-sensitive short-link ends “-Ro”). About 10,400 words; many of those words are quotes describing fatherhood programs.

Title (and overall formatting, especially margins) adjusted June 6, 2022.  Why? Because the state of Ohio just keeps on coming up in the news for placing obstacle after obstacle in the paths of women, especially mothers seeking to exit abusive relationships:  even if the abusers are in prison (search “HB 508” in 2022), yet somehow advocates (sic) reporting on this almost never mention it’s historic, executive-branch-based “Fatherhood Commission,” its “office of faith-based initiatives” (related) with similar proclivities, and or the characteristics and nature of what does exist of domestic violence networks — and how ‘fatherhood-drenched” and influenced they can be, also coordinated statewide.


But I wrote this post over a decade ago.  This is no re-write, just a reformat, adding borders, insuring a white (not sickly, pale-green — the default unless I reset it with every post) background, and the post title and above shortlink protocol, which I adopted much later in this blog.    The post could use even more clean-up, but this is a start in case I refer to it again, or Tweet it, etc.

//LGH June 6, 2022.


Speaking of Correction Corporations of America [Note: rebranded now as CoreCivic.com, still based in Tennessee], remember, I blogged once on “The Business of Detention” which appears to be an excellent investigative project:

Business Of Detention Home

The Business of Detention (Cracking Down on Immigration and Locking Up Profits) (2008 SXSW Interactive Web Award Finalist (etc.) [LGH post shortlink ending “-Ro” publ. 9/13/2011]


and Corrections Corporation of America and political lobbying, which did produce profits:

To complete the seamless connections between CCA and its federal funders, the company has hired former government officials to head key programs.

CCA’s Senior Vice President Mike Quinlan is credited with obtaining its credibility among federal clients after coming to the company with a 22-year career in public sector corrections and serving as Director of the Federal Bureau of Prisons from 1987 to 1992.

“The collective corrections experience of CCA’s operations and management team, much of it gained during distinguished careers in federal or state corrections systems, is one of the most impressive in the country,” said Quinlan on the company’s website.

In 2004, after nearly 25 years with the Immigration and Naturalization Service, Kim Porter joined CCA as Senior Director of Federal Customer Relations. Porter’s primary responsibility is to manage CCA’s relationship with ICE. Anthony Odom came on board to manage CCA’s relations with USMS after he retired in 2004 from a 32-year career with the agency.

CCA’s general counsel, Gustavus Puryear IV, could give the revolving door another turn. Puryear made headlines this year when President Bush nominated him for a federal judge seat in the Middle District of Tennessee, where CCA is headquartered. Puryear has worked as a speech writer for Vice President Dick Cheney. He testified during a Senate hearing that he would recuse himself from cases involving the company.

Among the politicians strongly connected with CCA is Tennessee’s Lamar Alexander. This listing service of the top 10, top 50 (etc.) richest Congressmen & women, shows him at #24.

A browse through this list shows clearly that among these wealthy, next to ZERO of them got that way through jobs.   They have real estate, they have stocks, and some of the younger members seem to have holdings (or run business) involved in technology, which seems smart as it is EVERYwhere.

Others married Rockefeller relatives, etc.

Topping the list is Senator John Kerry of Massachusetts in 2010. This talks about their losses.  Despite those losses, they are Congresspeople, often with spouses (and assets in the name of those spouses) beneficiaries of family trusts and “blind trusts.”  They vote on things such as how society will look for people who have none of these options, including where incarcerated family members may be dwelling, and who is handling how to get profits from THAT company.

This is from 2009  [“rollcall.com/congress…”]

24. Sen. Lamar Alexander (R-Tenn.)
$12.13(that’s million)

The Tennessee Senator remains financially steady, reporting a slight 2 percent dip in his minimum net worth in 2008.

Alexander reported the sale of at least $1.5 million in stock of Bright Horizons Family Solutions, a national workplace child care services provider. The sale included stock Alexander previously valued at $500,000 to $1 million, as well as stocks held by his wife previously valued at “over $1 million.”

The Senator continues to own $5 million to $25 million of stock in Processed Foods Corp., a Knoxville-based company where he served on the board prior to his election to the Senate in 2002. His wife also owns “over $1 million” in company stock.

The Alexanders also list numerous real estate holdings, including commercial buildings and undeveloped properties, such as a Nantucket, Mass., plot that Alexander values at $1 million to $5 million, which his wife also lists as an asset valued at “over $1 million.”

By Contrast, the 57-year old Sen. Mark Harmon, a freshman legislator, ranked #5 in 2009.  Just for information:

5. Sen. Mark Warner (D-Va.)
$72.37 million

The Virginia Senator lands on the highest rung among the 11 freshman lawmakers who joined the 50 wealthiest Members of Congress.

Warner made his fortune as a co-founder of Nextel telecommunications company and via an investment in Columbia Capital.

Among his assets, Warner is the beneficiary of the MRW Trust, which initially served as a blind trust after his election to the Virginia governor’s office in 2001 until 2006. The fund includes a money market account valued at $5 million to $25 million, as well as numerous city and state bonds.

Nonetheless, Warner reported nearly $19 million less in personal wealth than he did in his previous financial disclosure form filed as a candidate ahead of the 2008 elections.

Warner reported $9 million less in U.S. Treasury notes than he did as a candidate. He also reduced the value of two investment funds, Pointer LP and Signature Financial Management, both of which dropped from the $5 million to $25 million category to the $1 million to $5 million column.

In addition, Warner reports holdings in three investment partnerships worth $5 million to $25 million each.

Co-founded Nextel.  Investment.  Set up as a beneficiary of a blind trust (the trust spins of interest or other income, obviously).  That it has city and state bonds means the city and state owe the trust money at interest; that’s what (as I understand the term) BONDS are. Also Treasury notes, and investment partnerships.  He’s a Harvard grad, no military duty …..After losing $19 million, he still ranks at #5.  He’s married with three children.


Now remember those women in the Chowchilla (or wherever) prison system, as reported in 2000, that may not have $5.00 and if they need more than 5 sanitary napkins (did anyone say tampons?) per month, may have to sell themselves for sex to get some more.  This may be tricky when rape (not actually paying with bartered goods for services) is already clearly a problem in prisons, and many women who got to prison had experienced abuse before getting there, possibly related to their drug habits, not that it’s an excuse.

(Sorry, I can’t resist).   “Roll Call” this August 15 (by Amanda Becker) shows the Bachmanns (as in Michelle Bachmann) with about $2.8 million:

Republican presidential candidate Rep. Michele Bachmann has assets worth up to $2.8 million, the largest of which are the building housing her husband’s psychotherapy clinic and a family farm, according to disclosure forms she filed late Friday.

Anyone ever think about tracking the real estate in which family law business is transacted?  I know I have…..

What if women’s prison was in Ohio?  So here’s Corrections Corporation of America, that invested lobbying and  has former prison board employees on its board:

Well, here they are again.

Ohio to Proceed With Sale of Five Prisons

After Judge Denies Delay Request

By Mark Niquette – Aug 31, 2011 1:32 PM PT
(THIS IS THE ENTIRE ARTICLE):

Ohio will proceed with its plan to sell five prisons after a county judge denied a request today for a temporary restraining order to stop the sale.

The Rehabilitation and Correction Department scheduled a news conference for tomorrow in Columbus to announce the contract awards, the department said in a release.

“We believe our process is sound,” Carlo LoParo, a spokesman for the department, said by telephone from Columbus.

ProgressOhio, a Columbus nonprofit group that describes itself as a “progressive voice for Ohio citizens,” filed a lawsuit to block the sale on grounds it violated the state constitution.

Judge Patrick E. Sheeran of Franklin County Common Pleas Court declined to issue a restraining order and set a hearing for Sept. 13 in Columbus to consider legal arguments.

“Neither the selection of bidders nor the awarding of a contract will constitute irreparable harm for purposes of this motion,” Sheeran wrote in his 16-page opinion.

Ohio wants to sell five prisons, including one that’s closed and two that are privately operated, to raise an estimated $200 million to help balance its budget.

Three companies submitted bids in June to buy and operate the facilities, according to the correction department. They are: Nashville-based Corrections Corp. of America Inc., Geo Group Inc. (GEO) of Boca RatonFlorida, and Management and Training Corp. of Centerville,Utah.

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