Remember back when Marky Mark was preparing to run for Gov. in 2001 and he went around the state setting up the various venture capital firms to help businesses in Virginia? Well, the WashTimes decided to check up on how that all worked out. As it turns out, 4 out of the 5 funds have failed and closed their doors with the fifth one only investing half of its worth in Virginia.
See what happens when Marky Mark doesn’t have inside information to rely upon. More proof that the man is nothing more than a scam artist who doesn’t have a lick of business sense for himself.
Filed under: 2008 Elections, Business, Marky Mark, Morons, Virginia Politics
I’m surprised the AP investigative newshounds could let this story go unnoticed? They sure seemed clued in just months ago on trying to imply that Governor Gilmore single handedly wrecked Bear Stearns…
[...] H/T: Virginia Virtucon [...]
[...] Virginia Virtucon and Scott’s Morning Brew both have the story of Mark Warner’s continuing bad grades in math. Misplacing money. Unnecessary tax hikes. The latest is the story of his failed venture capital funds. [...]
It seems to me that Warner’s idea to try to spark business ventures in different areas of the State was an excellent one. And he used his own money. He took a chance on improving business growth in the State.
As I assume you know, oodles of business have not made it lately. To say that Warner doesn’t have business acumen, is to overlook the fact that, most likely, he has been more successfull at his rather young age, than any of you who are critizing him. Furthermore, we have more than enough LAWYERS in government EVERYWHERE!
Tell me exactly how he made his fortune then? For your knowledge, tt was based upon insider information gained as a congressional staffer that he then used to become a speculator. Furthermore, it is questionable as to whether it was legal or ethical for him to have done so at the time, but that of course has gotten a pass. Show me something where he made a significant amount of money on his own without insider knowledge or vast amounts of outside help…
Warner didn’t set up these funds for altruistic reasons. He set them up as a political gimmick to help his future race for Gov.
I don’t know how Warner made his fortune. Has he been sued and gone to court for anything illegal he has done businesswise?
“Insider knowledge/outside help”. Don’t you think that most so called successful business people got that way because of both of the above? I doubt that very many made it totally on their own. And – speculation is indeed a big part of being “lucky” in business.
Have political gimmicks ever been used by other candidates??? Gilmore’s car tax scheme was one of the biggest gimmics used in Virginia IMO. He’d never have won without that.
Of course, one can also strike it rich by marrying fortune inheriting spouses; not quite a gimmic but rather convenient.
Marrying rich isn’t unethical. Using inside information gleaned while serving as the chief aide to US Senatior (Chris Dodd-who may very well be on his way to an indictment for possible illegal activity in obtaining a sweetheart mortgage deal while sitting on the banking commitee) is clearly unethical.
Mark Warner is a scumbag with a veritable killing fields of skeletons in his closet. Now it may very well be that the RPV and Jim Gilmoe are too inept to exploit this fact, but it doesn’t make Warner less of a scumbag.
If Warner’s skeletons are so multitudinous, let’s bring them out into the day of light, file a law suit against him, have him tried and punished for his crimes, so that everyone will know what a scumbag he is. Who will be the first? Rittinger?
Mosippan, he wouldn’t get sued for illegal activity, he would be subject to a criminal investigation.
That said, Rittinger, Riley, et al. are just gnashing their teeth. Even they know that it is virtually impossible for Jim Gilmore to win this race unless there is a Macaca-esque error on Mark Warner’s part. Not too likely…
Gee, uttering a made-up word disqualifies one for office, but a pattern of fiscal recklessness literally on the same scale as Enron is just the ticket.
Enron and Mark Warner on the same scale! Where’s your sense of proportions (IF Warner is guilty of anything), Riley?
How many pensioners lost all their money because of Warner?
Mark Warner had $1.537 billion in accounting errors that have been uncovered so far from his time as governor as compared with Enron’s $1.568 billion in accounting errors. So don’t tell me that these are NOT in the same league.
If Marky Mark had committed such gross accounting malpractice in the private sector as he committed while Virginia’s governor, he’d be cell mates at a country club prison with Enron’s Jeffrey Skilling instead of running for the U.S. Senate. In fact, U.S. Rep. Jim Cooper (D-Tenn.) recently stated that Federal government accounting “would be a criminal offense in the private sector,” so I am not alone in viewing things in this light.
[...] Seriously, let’s hear about those “many, many examples,” because so far it looks mostly like Marky Mark was all talk and no action (and where he did act, he failed.) [...]