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Re: TRW sells your credit data to British firm
At 9:44 PM -0500 11/17/96, Brad Dolan wrote:
> [I wonder who the "investor group" is comprised of? I wonder why TRW would
> sell something for $1B that is apparently valued at $1.7B? Reminds me of
> the local paper which was sold for $X to an investor group that included
> Sen. Howard Baker and (Pres. candidate) Lamar Alexander. The investor
> group then resold the paper for $2X or $3X. What business accumen! -bd]
TRW needed to launder $700 M. Or it may'be been a bribe for some other
business deal. Or it may'be been a sweetheart deal for the ex-TRW execs.
Jeez, ask a stupid question...
:-}
--Tim May
"The government announcement is disastrous," said Jim Bidzos,.."We warned IBM
that the National Security Agency would try to twist their technology."
[NYT, 1996-10-02]
We got computers, we're tapping phone lines, I know that that ain't allowed.
---------:---------:---------:---------:---------:---------:---------:----
Timothy C. May | Crypto Anarchy: encryption, digital money,
[email protected] 408-728-0152 | anonymous networks, digital pseudonyms, zero
W.A.S.T.E.: Corralitos, CA | knowledge, reputations, information markets,
Higher Power: 2^1,257,787-1 | black markets, collapse of governments.
"National borders aren't even speed bumps on the information superhighway."