| Religion: | Catholic |
| Party: | Democratic |
| Viewed: | 1691 times |
After serving as the Chairman of the Democratic National Committee from 2001-2005, McAuliffe went on to chair the Hillary Clinton for President Committee.
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Hillary Clinton supports Terry McAuliffe Hillary Clinton is a junior Democratic Senator from New York. Married to former President Bill Clinton, she was First Lady from 1993 to 2001. She is currently seeking the Democratic nomination for President in 2008. Terry McAuliffe is the chair the Hillary Clinton for President Committee. |
Global Crossing Bankruptcy: In 1997, McAuliffe purchased a pre-IPO $100,000 stake in Global Crossing. By 1999, the investment had reached $18 million, and he sold. In 2004, former Global Crossing executives paid $325 million without ackknowledgement of wrongdoing to settle a class-action lawsuit alleging fraud. In 2005, fines were paid by former executives to settle a 3-year inquiry by the Security and Exchange Commission. While McAuliffe sold his shares years before the company's failure, the debaucle prevented him from attacking Republican ties to the Enron scandal during the 2002 midterm elections. (Source: Wikipedia)
Gaffe on Meet the Press: On May 11, 2008 McAuliffe told host Tim Russert that their fathers were "probably both in heaven right now, Tim, probably having a scotch, looking down and saying, you know what, this fight goes on. It's good for the Democratic Party. Millions of people coming out to vote. It's exciting." In fact, Russert's father "Big Russ" is still alive. Oops! (Source: Meet the Press Transcript)
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