Detail, east Portland photo, courtesy Miles Hochstein / Portland Ground.

For old times' sake
The bojack bumper sticker -- only $1.50!

To order, click here.

Excellent tunes -- free! And on your browser right now. Just click on Radio Bojack!

E-mail us here.


This page contains a single entry from the blog posted on August 21, 2004 1:20 AM. The previous post in this blog was Life's amazing coincidences. The next post in this blog is Peach or nectarine?. Many more can be found on the main index page or by looking through the archives.



Law and Taxation
How Appealing
TaxProf Blog
Mauled Again
Tax Appellate Blog
A Taxing Matter
Josh Marquis
Native America, Discovered and Conquered
The Yin Blog
Ernie the Attorney
Above the Law
The Volokh Conspiracy
Going Concern
Bag and Baggage
Wealth Strategies Journal
Jim Hamilton's World of Securities Regulation
World of Work
The Faculty Lounge
Lowering the Bar
OrCon Law

Hap'nin' Guys
Tony Pierce
Parkway Rest Stop
Along the Gradyent
Dwight Jaynes
Bob Borden
Dingleberry Gazette
The Red Electric
Iced Borscht
Jeremy Blachman
Dean's Rhetorical Flourish
Straight White Guy
As Time Goes By
Dave Wagner
Jeff Selis
Alas, a Blog
Scott Hendison
The View Through the Windshield
Appliance Blog
The Bleat

Hap'nin' Gals
My Whim is Law
Lelo in Nopo
Attorney at Large
Linda Kruschke
The Non-Consumer Advocate
10 Steps to Finding Your Happy Place
A Pig of Success
Attorney at Large
Margaret and Helen
Kimberlee Jaynes
Cornelia Seigneur
And Sew It Goes
Mile 73
Rainy Day Thoughts
That Black Girl
Posie Gets Cozy
Cat Eyes
Rhi in Pink
Ragwaters, Bitters, and Blue Ruin
Rose City Journal
Type Like the Wind

Portland and Oregon
Isaac Laquedem
Rantings of a [Censored] Bus Driver
Jeff Mapes
Vintage Portland
The Portlander
South Waterfront
Amanda Fritz
O City Hall Reporters
Guilty Carnivore
Old Town by Larry Norton
The Alaunt
Bend Blogs
Lost Oregon
Cafe Unknown
Tin Zeroes
David's Oregon Picayune
Mark Nelsen's Weather Blog
Travel Oregon Blog
Portland Daily Photo
Portland Building Ads
Portland Food and
Dave Knows Portland
Idaho's Portugal
Alameda Old House History
MLK in Motion

Retired from Blogging
Various Observations...
The Daily E-Mail
Saving James
Portland Freelancer
Furious Nads (b!X)
Izzle Pfaff
The Grich
Kevin Allman
AboutItAll - Oregon
Lost in the Details
Worldwide Pablo
Tales from the Stump
Whitman Boys
Two Pennies
This Stony Planet
1221 SW 4th
I am a Fish
Here Today
What If...?
Superinky Fixations
The Rural Bus Route
Another Blogger
Mikeyman's Computer Treehouse
Portland Housing Blog

Wonderfully Wacky
Dave Barry
Borowitz Report
Stuff White People Like
Worst of the Web

Valuable Time-Wasters
My Gallery of Jacks
Litterbox, On the Prowl
Litterbox, Bag of Bones
Litterbox, Scratch
Ride That Donkey
Singin' Horses
Rally Monkey
Simon Swears
Strong Bad's E-mail

Oregon News
The Oregonian
Portland Tribune
Willamette Week
The Sentinel
Southeast Examiner
Northwest Examiner
Sellwood Bee
Mid-County Memo
Vancouver Voice
Eugene Register-Guard
OPB - Portland
Salem Statesman-Journal
Oregon Capitol News
Portland Business Journal
Daily Journal of Commerce
Oregon Business
Portland Info Net
McMinnville News Register
Lake Oswego Review
The Daily Astorian
Bend Bulletin
Corvallis Gazette-Times
Roseburg News-Review
Medford Mail-Tribune
Ashland Daily Tidings
Newport News-Times
Albany Democrat-Herald
The Eugene Weekly
Portland IndyMedia
The Columbian

The Beatles
Bruce Springsteen
Joni Mitchell
Ella Fitzgerald
Steve Earle
Joe Ely
Stevie Wonder
Lou Rawls

E-mail, Feeds, 'n' Stuff

Saturday, August 21, 2004

Mack the Knife

Diana Snowden Goldschmidt is a high-priced consultant, a former Pacific Power executive, and the wife of the fellow who's cornered the West Coast market on the increasingly in-demand title "disgraced former governor." Now she's under investigation by the Oregon Attorney General's office, under suspicion of a conflict of interest in connection with her vote or votes as a member of the Oregon Investment Council. Ms. Goldschmidt voted to commit state pension money to investments in Texas Pacific Group, the Texas-based investor group that's trying to take over Portland General Electric, including a vote just as that group was tapping her husband to be an investor in, and the chair of, its local entity in the PGE deal. (Of course, much of that's history now that Hizzoner's little problem has come to light.)

According to press reports, Ms. G. voted to invest $300 million in Texas Pacific last Oct. 29. As long-time readers of the blog may recall, her husband's role as chair of the new Texas Pacific Oregon company was announced on Nov. 18. The story that circulated at that time was that Mr. G. claimed he was first approached by Texas Pacific to head up the new company at an out-of-town meeting on Oct. 30.

Did the wife know on Oct. 29 that her husband was scheduled to fly down -- I think it was San Francisco -- to meet with Texas Pacific people the next day? If so, did she ask him what the meeting was supposed to be about? If she did, did he tell her?

Apparently it's the second pending investigation of one of the Goldschmidts. Federal lawmakers are also reported to be looking at Mr. G.'s shadowy role as a million-dollar "consultant" for SAIF, the state-run worker's compensation insurance provider.

The "probe" into Ms. G.'s affairs makes me laugh a little. I can't help having that reaction when I hear "investigation by the Oregon Department of Justice" used in connection with a cunning West Hills Portland figure, especially a Democratic power broker. My own observation of Oregon Justice over the past few years is that it's become quite toothless at best, and politically bought off at worst. To think that Attorney General Hardy Myers is going to actually do something punitive against either of the Goldschmidts seems totally far-fetched to me.

This time around, though, there's a glimmer of a remote possibility that something serious might happen. The state is bringing in an outside sheriff to take a look at the situation, and he's a straight-shooter of a guy. According to the AP story on the investigation:

Edward J. McAniff, a law professor-in-residence at the University of Oregon Law School, will help conduct the review, Edwards and Drummond said in a letter to Gov. Ted Kulongoski.

Edward "Ted" McAniff, who has been mentioned in this blog before, is a semi-retired partner at the Los Angeles megabucks law firm O'Melveny & Myers. He spends a good part of every year nowadays in Central Oregon. He's also a visiting law professor on a regular basis at the University of Oregon in Eugene.

Ted, or "Mack the Knife" as he's sometimes known, is a brilliant man who knows as much about banking and finance as anyone. He's Catholic, and I mean that in a good way. He is a sweet guy at heart, but a tough customer who doesn't suffer fools gladly. He takes no prisoners. Legend has it that he used to require his kids to do Marine Corps-style calesthenics with him before school every morning.

I've always held Ted's ethics in the highest regard. I have no idea what, if any, prior connections he or the O'Melveny firm have had with the Oregon Investment Council, Texas Pacific Group, or the Goldschmidts, but at this stage in Ted's life I don't see much for him to gain by sweeping more Goldschmidt droppings under the large State Capitol Rug. It will be very interesting to see (if we're ever allowed to) just what he finds, and what he has to say about it.

Do us proud, Ted.

Comments (1)

I think it was Oct 29 that I was denied my TRO on the issuance of the 2 billion dollar PERS bonds. Coincidence? I think that the top PERS official resigned on the same day? Coincidence? The pricing of the bonds on Oct 20 was prior to the expiration of time to certify the vote results for a certain measure, and the OIC has a ten-day process that it must endure to initiate the bonding stuff. The OIC, as a group, jumped the gun. Surely this eagerness is not fully explained by the fear that interest rates might have risen tomorrow. The 2 billion dollar pot was forced from the state to PERS while one Mr. G was on the Higher ED Board. Coincidence? Then there is a former AG, now college President, that sits as a paid trustee to a fund that buys exclusively Oregon bonds. Coincidence?

I think the Talking Heads has a song with the title "burning down the house." The tune and phrase is sort of reverberating in my head right now; as an inspirational theme.

On August 23 there is a certain school board, co-chaired by a certain State Treasurer's wife, that will authorize 40 million dollars in cash flow bonds. This roughly matches a payment on an earlier PERS bond for a much larger amount. A certain other Mr. G, brother of the other Mr. G, that could "invite" an unfair labor practice complaint by a certain union by refusing to make employer contributions or by demanding the return of the PERS bond proceeds as it was not a lawful payment in the first place. That is, the conspiracy is both wide and continuing. (I am diligently preparing my comments for this bond issuance.) I asserted elsewhere, contemporaneously, that the State Treasurer's career was toasted on Oct. 29 (30) when the PERS bond closed. I'll stick to that position. The state bond issuance included the right of the underwriters to hedge the bonds prior to the time when the State Treasurer even had definitive authority to issue them. Who, prey tell, would have been caught with their fingers in the cookie jar before these state bonds where even issued? The supposed legislative authorization on the state PERS bonds was passed and signed in September.

Parents in the Portland Public School system have an interest in ending the PERS UAL conspiracy. I visualize happy kids playing musical instruments and lots of sports from the restoration of the well-funded school system. I visualize the PERS tier-three teachers (first and second year teachers) demanding that the fraud end so that they can get fair share of the school budget. One Mr. G, in Portland, could "invite" an unfair labor practice complaint by the tier-one and tier-two Portland teacher PERS members by asserting that they no longer have a sufficient "community of interest" with their younger tier-three association partners due to PERS reforms. This, of course, would result in a case where various objections to reaching the merits of past payments based on standing would finally vanish. Mr. G has the power to keep the Portland School District functioning all year long, not withstanding any vote on the repeal of the Multnomah County income tax. Public discussion of secret bargaining is not prohibited when the issue discussed in public relates to fraud.

I share your misgivings about the current AG. I do not think that one outside counsel can have the influence to fix or vindicate the full breadth of this house. Only the Oregon Supreme Court has the authority, legally and politically, to achieve the fix. The Oregonian made an understatement when they said that resolution of the PERS case is the single most important issue facing Oregonians. They followed it up, however, with the assertion that the State Treasurer should be entrusted with an additional 8.2 billion dollars in borrowed money; without nary a concern that the citizens should obtain a final release from further liability as a condition for the settlement. Rather, there would simply be more money at risk of loss or available for back door deals with the house that Mr. G built. It appears as if a time bomb has already been ignited and the best that the Oregon Supreme Court can do is try to defuse it, or redirect it, before the potential energy is released.

Welcome back, by the way. Without controversy you would not have felt compelled to write. Rest assured that a Ninth Circuit ruling protects you from potential liability for comments I post. The last time I got this fired up was back around 1990-91 when the S&L bailout was being used to subsidize the consolidation of the banking system. (I do wonder if the State Treasurer's wife was assisting Bob Packwood then in filtering out the wacko writings from folks like me. Those writing distractions became all consuming, including some to The Oregonian, and had a profound negative effect on my career prospects. I do recall rather weak constituent service related to a FOIA request on public expenditures on Deposit Brokers who's sole purpose is to aid rich parties in escaping the $100,000 limit on guarantees for individual depositors.)

If Mr. McAniff has the fire and integrity of a Spitzer then I would surely wish him well in his endeavors.


Listed below are links to weblogs that reference Mack the Knife:

» Jack's back from
Jack's back from the shores of Jersey and the Blues of Oregon and already he's making waves. I've been told if I link to some blog I have to, JUST HAVE TO say something about what I'm linking to. "Why is that?" I ask. I've been given a lot ... [Read More]


As a lawyer/blogger, I get
to be a member of:

In Vino Veritas

Lange, Pinot Gris 2015
Kiona, Lemberger 2014
Willamette Valley, Pinot Gris 2015
Aix, Rosé de Provence 2016
Marchigüe, Cabernet 2013
Inazío Irruzola, Getariako Txakolina Rosé 2015
Maso Canali, Pinot Grigio 2015
Campo Viejo, Rioja Reserva 2011
Kirkland, Côtes de Provence Rosé 2016
Cantele, Salice Salentino Reserva 2013
Whispering Angel, Côtes de Provence Rosé 2013
Avissi, Prosecco
Cleto Charli, Lambrusco di Sorbara Secco, Vecchia Modena
Pique Poul, Rosé 2016
Edmunds St. John, Bone-Jolly Rosé 2016
Stoller, Pinot Noir Rosé 2016
Chehalem, Inox Chardonnay 2015
The Four Graces, Pinot Gris 2015
Gascón, Colosal Red 2013
Cardwell Hill, Pinot Gris 2015
L'Ecole No. 41, Merlot 2013
Della Terra, Anonymus
Willamette Valley, Dijon Clone Chardonnay 2013
Wraith, Cabernet, Eidolon Estate 2012
Januik, Red 2015
Tomassi, Valpolicella, Rafaél, 2014
Sharecropper's Pinot Noir 2013
Helix, Pomatia Red Blend 2013
La Espera, Cabernet 2011
Campo Viejo, Rioja Reserva 2011
Villa Antinori, Toscana 2013
Locations, Spanish Red Wine
Locations, Argentinian Red Wine
La Antigua Clásico, Rioja 2011
Shatter, Grenache, Maury 2012
Argyle, Vintage Brut 2011
Abacela, Vintner's Blend #16 Abacela, Fiesta Tempranillo 2014
Benton Hill, Pinot Gris 2015
Primarius, Pinot Gris 2015
Januik, Merlot 2013
Napa Cellars, Cabernet 2013
J. Bookwalter, Protagonist 2012
LAN, Rioja Edicion Limitada 2011
Beaulieu, Cabernet, Rutherford 2009
Denada Cellars, Cabernet, Maipo Valley 2014
Marchigüe, Cabernet, Colchagua Valley 2013
Oberon, Cabernet 2014
Hedges, Red Mountain 2012
Balboa, Rose of Grenache 2015
Ontañón, Rioja Reserva 2015
Three Horse Ranch, Pinot Gris 2014
Archery Summit, Vireton Pinot Gris 2014
Nelms Road, Merlot 2013
Chateau Ste. Michelle, Pinot Gris 2014
Conn Creek, Cabernet, Napa 2012
Conn Creek, Cabernet, Napa 2013
Villa Maria, Sauvignon Blanc 2015
G3, Cabernet 2013
Chateau Smith, Cabernet, Washington State 2014
Abacela, Vintner's Blend #16
Willamette Valley, Rose of Pinot Noir, Whole Clusters 2015
Albero, Bobal Rose 2015
Ca' del Baio Barbaresco Valgrande 2012
Goodfellow, Reserve Pinot Gris, Clover 2014
Lugana, San Benedetto 2014
Wente, Cabernet, Charles Wetmore 2011
La Espera, Cabernet 2011
King Estate, Pinot Gris 2015
Adelsheim, Pinot Gris 2015
Trader Joe's, Pinot Gris, Willamette Valley 2015
La Vite Lucente, Toscana Red 2013
St. Francis, Cabernet, Sonoma 2013
Kendall-Jackson, Pinot Noir, California 2013
Beaulieu, Cabernet, Napa Valley 2013
Erath, Pinot Noir, Estate Selection 2012
Abbot's Table, Columbia Valley 2014
Intrinsic, Cabernet 2014
Oyster Bay, Pinot Noir 2010
Occhipinti, SP68 Bianco 2014
Layer Cake, Shiraz 2013
Desert Wind, Ruah 2011
WillaKenzie, Pinot Gris 2014
Abacela, Fiesta Tempranillo 2013
Des Amis, Rose 2014
Dunham, Trautina 2012
RoxyAnn, Claret 2012
Del Ri, Claret 2012
Stoppa, Emilia, Red 2004
Primarius, Pinot Noir 2013
Domaines Bunan, Bandol Rose 2015
Albero, Bobal Rose 2015
Deer Creek, Pinot Gris 2015
Beaulieu, Rutherford Cabernet 2013
Archery Summit, Vireton Pinot Gris 2014
King Estate, Pinot Gris, Backbone 2014
Oberon, Napa Cabernet 2013
Apaltagua, Envero Carmenere Gran Reserva 2013
Chateau des Arnauds, Cuvee des Capucins 2012
Nine Hats, Red 2013
Benziger, Cabernet, Sonoma 2012
Roxy Ann, Claret 2012
Januik, Merlot 2012
Conundrum, White 2013
St. Francis, Sonoma Cabernet 2012

The Occasional Book

Marc Maron - Waiting for the Punch
Phil Stanford - Rose City Vice
Kenneth R. Feinberg - What is Life Worth?
Kent Haruf - Our Souls at Night
Peter Carey - True History of the Kelly Gang
Suzanne Collins - The Hunger Games
Amy Stewart - Girl Waits With Gun
Philip Roth - The Plot Against America
Norm Macdonald - Based on a True Story
Christopher Buckley - Boomsday
Ryan Holiday - The Obstacle is the Way
Ruth Sepetys - Between Shades of Gray
Richard Adams - Watership Down
Claire Vaye Watkins - Gold Fame Citrus
Markus Zusak - I am the Messenger
Anthony Doerr - All the Light We Cannot See
James Joyce - Dubliners
Cheryl Strayed - Torch
William Golding - Lord of the Flies
Saul Bellow - Mister Sammler's Planet
Phil Stanford - White House Call Girl
John Kaplan & Jon R. Waltz - The Trial of Jack Ruby
Kent Haruf - Eventide
David Halberstam - Summer of '49
Norman Mailer - The Naked and the Dead
Maria Dermoȗt - The Ten Thousand Things
William Faulkner - As I Lay Dying
Markus Zusak - The Book Thief
Christopher Buckley - Thank You for Smoking
William Shakespeare - Othello
Joseph Conrad - Heart of Darkness
Bill Bryson - A Short History of Nearly Everything
Cheryl Strayed - Tiny Beautiful Things
Sara Varon - Bake Sale
Stephen King - 11/22/63
Paul Goldstein - Errors and Omissions
Mark Twain - A Connecticut Yankee in King Arthur's Court
Steve Martin - Born Standing Up: A Comic's Life
Beverly Cleary - A Girl from Yamhill, a Memoir
Kent Haruf - Plainsong
Hope Larson - A Wrinkle in Time, the Graphic Novel
Rudyard Kipling - Kim
Peter Ames Carlin - Bruce
Fran Cannon Slayton - When the Whistle Blows
Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt

Road Work

Miles run year to date: 5
At this date last year: 3
Total run in 2017: 113
In 2016: 155
In 2015: 271
In 2014: 401
In 2013: 257
In 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269

Clicky Web Analytics