Wednesday, June 19, 2002

Pond Scum: Gary Winnick and Global Crossing get a body cavity search in Julie Creswell's Fortune article: The Emperor of Greed. One of the reasons for recessions is to squeeze out the sins of excess that Global Crossing epitomizes. And it is quite clear that Winnick had a lot of help on Wall Street and at the big banks. Winnick is out of jail and his pockets are full for the moment. We'll see how long that lasts.