Wow, Jim Gilmore is at it again! Not content with having
wreaked havoc on the finances of the commonwealth of Virginia
and the political fortunes of the Republican National Committee, Jim Gilmore
was at the helm of Bear Stearns colossal mortgage failure.
Former Gov. Jim Gilmore, who was criticized for his handling
of state finances, was chairman of a Bear Stearns subsidiary set up to market
some of its highest-risk securities tied to the home mortgage industry
meltdown.
One money manager said Gilmore's involvement in Everquest
Financial Ltd. reflected his "naivete" in finance. Gilmore, a
Republican, is now running for U.S. Senate.
Further the AP reports an experienced money manager saying:
"If he wanted to have a political career, I probably would have found a
way out of it," said Merk, who owns his own investment firm in Palo Alto, Calif.
"It only shows naivete if you didn't fully understand what this was
about," Merk said.
Virginians have a choice in this November's senate race: a
successful businessman, statesman and uber-successful former governor Mark Warner
or failed businessman, pitiful politician and stunningly poor governor Jim
Gilmore.