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Goldberg assures him they do. Wolmark then passes the deal off to his own Goldberg, Doug, who handles the actual auction. When prosecutors tried to explain these telephone auctions at trial, projecting the transcripts of the calls on a huge movie screen set up across the courtroom from the jury, you could see the sheer bewilderment on the jurors faces. The men on the tapes seemed to be speaking a language from another planet an insanely dry and boring planet, where theres no color and no adverbs, maybe, and babies are made by rubbing two calculators together. One of the jurors, an older white man, spent the first few days of the trial yawning repeatedly, fighting a heroic battle to stay awake in the face of all the mind numbing jargon about Guaranteed Investment Contracts. Who needs Lunesta, joked one lawyer who attended the proceedings, when you can hear a lawyer talk about GICs right out of the gate?The language of the auctions was a kind of intellectual camouflage. If you didnt listen closely, youd have thought the two Goldbergs were a couple of airmen exchanging weather balloon data, rather than two Wall Street executives plotting a crime to rip off the good citizens of Allegheny County. In that deal, Steve Goldberg of GE originally bid 503, 4 on the $219 million bond, only to be guided downward by Doug Goldberg of CDR. The broker explained in court:Q: Can you explain what you understood Mr. Goldberg to say when he was saying 503, 4?What was he bidding?A: That was the rate he was willing to bid on this investment agreement. Q: How much was it?A: 5.
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As we slowly climb out of our recession shell, it's still a good idea to save where you can and avoid extra spending or expenses. If excessive cable or satellite bills are weighing you down, then internet television just may be for you. According to AdAge. com, US television giant CBS has sold out on its on line advertising inventory for March Madness on Demand, bringing in $37 million dollars, up 20% from the previous year. Other major companies such as ATandT, soft drink giant Coca Cola and credit card giant Capital One have all bought into the on line advertising market. Last year, 7. 5 million people watched the NCAA tournament online, compared with 130 million on TV. The internet is an amazing tool and does not necessarily have to be only about television. It can also be a resource for information and provide help on any number of topics. With more on line content such as games, video clips, movies and channels from abroad, these additional factors add to the growing trend. For younger generations, the internet is much more important than television than say to those over 55.