**** Conspiracy theorists should find something else to conspire about. ****
A new story in today's Courier-Journal, concerning the financial collapse of Kentucky Central Life Insurance, should put ALL conspiracy theorists out there on the path to searching for other conspiracies to turn to theories. But whether they will is doubtful, as it matters more about scoring CHEAP political points to them than anything else.
Here are excerpts from the C-J story:
The Courier-Journal and The Lexington Herald-Leader have asked Franklin Circuit Court to release a copy of that report. Judge Thomas Wingate said on Monday that he would review the report before deciding whether to release it.
Beshear repeated yesterday that he thinks the report should be released.
"There's been nothing to hide from the start of this," Beshear said. "I've said all along that every document in this case could be released as far as I'm concerned."
The possibility of a conflict for the law firm surfaced in the summer of 1993, when Stephens said he learned that the Bank of Louisville had sold securities owned by Kentucky Central on the advice of the Stites & Harbison firm.
Stephens said yesterday that "I do not believe Steve Beshear himself was the least bit involved" in giving any allegedly unethical advice to the bank or of any unethical activity.
...
Revell said he was retained as a "master commissioner" for a brief period by Graham, but he could not recall his specific assignment.
He said he believed he was to decide whether Stites & Harbison or a different firm should be the lead in representing the liquidator and that -- in that process -- he reviewed the possible conflict.
He said from what he recalled, he "absolutely did not" find any ethical problems on the part of Beshear. Graham said he did not recall Beshear ever being barred by Stephens from the case.
Graham said that Revel later reported Beshear was not involved in any ethical problem.
It is time to move on to REAL issues, and NOT manufactured ones.
Here are excerpts from the C-J story:
The Courier-Journal and The Lexington Herald-Leader have asked Franklin Circuit Court to release a copy of that report. Judge Thomas Wingate said on Monday that he would review the report before deciding whether to release it.
Beshear repeated yesterday that he thinks the report should be released.
"There's been nothing to hide from the start of this," Beshear said. "I've said all along that every document in this case could be released as far as I'm concerned."
The possibility of a conflict for the law firm surfaced in the summer of 1993, when Stephens said he learned that the Bank of Louisville had sold securities owned by Kentucky Central on the advice of the Stites & Harbison firm.
Stephens said yesterday that "I do not believe Steve Beshear himself was the least bit involved" in giving any allegedly unethical advice to the bank or of any unethical activity.
...
Revell said he was retained as a "master commissioner" for a brief period by Graham, but he could not recall his specific assignment.
He said he believed he was to decide whether Stites & Harbison or a different firm should be the lead in representing the liquidator and that -- in that process -- he reviewed the possible conflict.
He said from what he recalled, he "absolutely did not" find any ethical problems on the part of Beshear. Graham said he did not recall Beshear ever being barred by Stephens from the case.
Graham said that Revel later reported Beshear was not involved in any ethical problem.
It is time to move on to REAL issues, and NOT manufactured ones.
Labels: Keeping them honest, Kentucky politics, Public Service, Republicanism
posted by KYJurisDoctor at 10:58 AM
10 Comments:
Osi, seriously, if your legal skills are only equal to your political acumen, you need to double up on your malpractice insurance.
Osi, if Brian is going to post here shouldn't he sign his own name instead of being anonymous? I agree with you that the Kentucky Central issue is a manufactured issue. It simply shows how desperate is the Ernest Campaign and that the Ernest Campaign is imploding. You're dead on about this one. The above remark criticizing you is not only a cheap shot it is ridiculous.
Speaking of malpractice, here comes the Grant County village idiot.
COWARDS hide under the cloak of anonymity. That way, being of little mind and stature, it makes them conceal their Napoleonic complex. So I ignore those IDIOTS.
Bill Adkins: Thanks for the request. EVERYONE MUST now register to comment on this site.
If there are anymore folks out there who benefit from political CORRUPTION and take exception when outed or are looking for others to join them, please take your CORRUPT minds elsewhere.
Enough said.
You're head's in the sand my friend. Even Keeling senses trouble.
"Beshear said he was restored to the case by Stephens within days or weeks" C-J
"Stephens said yesterday in an interview that he did ultimately decide to keep Stites & Harbison on but not without hand-wringing. And he added that Beshear didn't participate in the Kentucky Central case from Sept. 18, 1995, until after Stephens was replaced as liquidator in 1997." HL
The fact is Beshear's a liar like the rest of them.
Which is only a problem if you go around campaigning on ethics for a few months.
They're all liars.
One thing Beshear's honest about though, is that he says there's no way he will be able to expand government spending and contol as much as he wants without people, mostly Kentuckians, losing $1.5 billion a year at the slots...
Foolio: Your hypothesis assumes that people ONLY lose at the slots, which is CLEARLY ERRONEOUS.
Moreover, where do you get your $1.5BILLION figure from? Surely, Beshear NEVER said that.
And if they are ALL liars, then it's SHAMEFUL that we have to elect liars -- so who is the least (acceptable) liar, if that's the ONLY option we have?
Beshear says casinos will bring in $500 million a year to the government. Other than Nevada, most states tax casino gambling revenue at about 30%-35%. So for Beshear to get his $500 million, $500 million times 3 = $1.5 billion that must be lost at casinos each year.
You're right that not everyone loses. In fact casinos are usually required to give back over 90% of the wagers as winnings, so for $1.5 billion to be lost, over $12 billion has to be wagered.
You got my ear now. What is Kentucky tax rate on gambling winnings -- I'm NOT interested in what Nevada or other states do?
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