Word: stockmans
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...THAT CHOICE QUOTE IS FROM The Triumph of Politics, David Stockman's 1986 memoir of life in the Reagan Administration. As Ronald Reagan's first Budget Director, Stockman helped produce the huge deficits that followed Reagan's election on the promise of a balanced budget. Then Stockman ratted out his colleagues in a magazine interview and in his book (it seems they had made no serious attempt to cut spending) and moved to Wall Street, where he quietly got very rich and sank from history...
...Stockman Rises Again End of story? Not quite. Turns out, Stockman may have time for that prison course in remedial economics after all. He was indicted a short time ago for securities fraud at an auto-parts manufacturer that he controlled. According to prosecutors, Stockman lied to banks about the firm's financial condition, inducing them to loan the company money it couldn't repay. He engaged in "round trip" transactions that involved masking loans - which were supposed to be repaid - as income. He exaggerated the manufacturer's prospects, knowing his claims were untrue, which led people to buy company...
...charges are "really poppycock," says Stockman; he had been engaged in "an epic struggle for survival." Everything he told the public reflected "a realistic and balanced view of the facts as I understood them," he says, although they turned out to be wrong. He himself was buying shares throughout the period that the company was going down the toilet. He agreed with a friendly television interviewer who declared that "they" - meaning the government - "are criminalizing optimism...
...which draws the eye down Bridgestone's central corridor with the cosmic pull of a black hole. In a salon-style gallery designed for the appreciation of modern masters, the aesthetic relationship between Aboriginal painting and 20th century abstraction has never seemed closer. Though as Thomas, the former stockman from Turkey Creek, reportedly said of Rothko, "Who's that bugger that paints like...
...When the disheveled policeman arrived, a search was ordered and the stockman was found-stunned and sooty-further along the river bank. The rocket was never seen again. "The stockman was asked if he wanted to press charges," Arneth recalls, "but he was too drunk to remember what happened...