Blackwell reports embarrassing buy of Diebold stock

[AGENDA21]

Columbus -Secretary of State Ken Blackwell made an embarrassing announcement Monday: He accidentally bought stock in Diebold Inc., a voting machine maker that benefited from decisions made by his office.

In a required filing with the Ohio Ethics Commission, the GOP gubernatorial hopeful said his hefty portfolio included 178 shares of Diebold stock, which sold for a loss.

"While I was unaware of this stock in my portfolio, its mere presence may be viewed as a conflict," Blackwell wrote in a letter that accompanies his annual financial disclosure statement.

As the Blackwell camp attempted to downplay the controversy, rivals from both parties pounced.

http://www.cleveland.com/news/plaindealer/index.ssf?/base/news/1144140003213060.xml&coll=2

[Ready4Change]

1. Accidentally.

:eyes:

[jedicord]

4. Hey, he tripped over it!

Give that poor man a break!:sarcasm:

[Roland99]

18. Sen. Fristian was his fund's trustee.

[tandot]

2. "while I was unaware of this stock in my portfolio..." Oh, PLEASE - BS

total, utter BS. Republicans are crocks. They know exactly where their money goes.

[htuttle]

3. Bought stock *accidentally*???? How does THAT work?

Will people in Ohio really buy this excuse? Would Blackwell spin such a ridiculous yarn if he didn't think it would work?

How dumb are people in Ohio? Are they really that dumb?

[SoCalDem]

6. Must be Ambien... "Sleep stock-buying"

:eyes:

[glitch]

36. LOL! nt

:rofl:

[johnnie]

19. Hopefully we're not *that* stupid

If anything, the Dems have to bring this out more in the next few months.

[madmom]

34. from someone who lives there....YES!!!!

[Wickerman]

5. Of all the stocks in all the world

his financial advisor decided to buy Diebold? Something smells.

According to Blackwell's letter, he does not approve individual stock selections but has instructed his money managers to avoid all conflicts of interest.

"Those instructions were not followed by the new financial manager" that took over the account last year, he said. This unidentified woman bought 178 shares of Diebold at $53.67 per share in January 2005, then sold 95 of them for a loss of $15.68 per share.

[wordpix]

8. so it's his financial manager's fault, yeah right, LOL

[Norquist Nemesis]

14. How soon before he claims she's a Liberal Democrat?

:rofl:

[myrna minx]

33. Clenus is his financial manager!?!? Oh the humanity!

:rofl:

[robinlynne]

26. wait, a financial manager bought 178 shares of stock, then

sold them for a third of teh cost. What the hell kind of financial manager is that?

[napi21]

7. ACCIDENTALLY??????

IF he's so wealthy that he has finance people taking care of his portfolio, he should have also announced that he FIRED THEM!!! After ALL the scandal in Ohio over election fraud, ANYONE handling stocks for him should have KNOWN to stay miles away from Dibold. If he doesn't have someone else handling his portfolio, then use of the word accidentally" is IMPOSSIBLE!

[underpants]

12. Come on give him a break-He isn't very good at math

Accidentally indeed :eyes:

[madokie]

9. I guess somewhere there is people who are stupid enough to believe this

kind of shit or they would just quit trying.

[mondo joe]

10. I have shopping acccidents with my credit card all the time.

That explains all the CDs and DVDs. Accidents.

:eyes:

[RaleighNCDUer]

17. Hey, I went to the grocery store to pick up veggies and fresh fruit

and accidentlly bought a mega-sized bag of potato(e) chips.

Shit happens.:shrug:

[Bake]

20. I've gotten accidentally drunk before ...

... it can happen!

HAHAHAHAHAHAHAHAHAHA!

Bake

[lonestarnot]

11. One of the biggest fucking roaches in the cupboard.

KenCatheryn HarrisBlackwell...

[kentuck]

13. Embarrassing because he got caught ?

What a sleaze! K & R

[GreenPartyVoter]

28. exactly!

[greenman3610]

15. is this illegal?

can he be prosecuted for this?

[carolinalady]

21. Just like Frist-can be considered inside trading n/t

[LiberalEsto]

16. Oopsy!

Blackwell made a boo-boo.

:rofl:

When did he buy that stock?
Was it before then 2004 election?

[reprehensor]

22. The bastard.

I hate that guy.

[in_cog_ni_to]

23. He accidentally bought stock in Diebold Inc

Riiiiiiiiiiiiiiiiight.......

[klook]

24. But hey, it's not his fault!

According to Blackwell's letter, he does not approve individual stock selections but has instructed his money managers to avoid all conflicts of interest.

"Those instructions were not followed by the new financial manager" that took over the account last year, he said. This unidentified woman bought 178 shares of Diebold at $53.67 per share in January 2005, then sold 95 of them for a loss of $15.68 per share.

And he lost money on the deal, too! Heh.

[msgadget]

25. Hmmm...okay, I can see how that can happen

:crazy: and, fortunately for him, it won't really matter if elected democrats shy away from addressing the voting irregularities in his state. (Oh, he was a horror in '04, remember?)

[Twist_U_Up]

27. Hurray for Kenneth Blackwell

did you expect anything less ?

[Freedom_Aflaim]

29. Opps.. I accidently made $10 million dollars

on a stock I didnt know I bought.

my bad!

[Mandate My Ass]

30. I *totally* believe him that this was a mere accident

NOT!

:rofl::rofl::rofl::rofl::rofl::rofl::rofl:

[LaPera]

31. The bad press continues for sleazy Diebold...(And republican Secretary

of States).

[OmmmSweetOmmm]

32. Accidently, my tush! Chalk that up as another Bushbot lie...... eom

[long_green]

35. it may be viewed as a conflict? Two ways to solve the conflict:

He gets out of the race, or the Diebold machines get tossed out. There. No conflict.

[me b zola]

37. He isn't named Fraudwell for nuttin

Yeah, and he "accidentally" participated in mass election fraud Nov '04.

I can't wait for the day to see Fraudwell frog marched in an orange jumpsuit.