Special Report. The GOP's many Talons
Did White House S&M ring order special videos from Abu Ghraib?
February 23, 2005--There are interesting connections between the White House credentialed Talon News Service, owned by Houston-based GOP activist Bobby Eberle, Jr., and two other "Talon" entities. One is investment and management company Talon LLC of Detroit, co-founded by Michael T. Timmis, a major contributor to conservative Republican causes. Talon Equity Partners LLC is an adjunct of Talon LLC. The other GOP-connected "Talon" firm is Talon LLC of Houston, a "special purpose entity" established by the now defunct GOP bankroller, Enron.
In April 2000, Enron and LJM2, a co-investment entity headed by Enron Chief Financial Officer Andrew Fastow, set up Talon LLC. Fastow was later indicted and found guilty of multiple counts of fraud. His boss at Enron, CEO Ken Lay, a close friend of and contributor to George W. Bush, was also indicted and is awaiting trial. The Talon entity experienced a 370 percent annualized return on an original investment of preferred Enron stock and made $41 million for LJM2. Investigators in Houston are still trying to determine what happened to Enron's original profits before its stock tanked....
[The really juicy speculative connections follow.]
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