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View Full Version : Billionaire Banker: Andy Beal is a Libertarian




lx43
06-29-2011, 07:05 PM
The Ron Paul campaign definately needs to recruit this guy as an advisor or use his network as a mechanism to raise funds. He is a shrewed businessman, he has contributed lots of money to the Libertarian Party (upwards of $100,000.00), and he has good contacts I'm sure.

How do I know he is a Libertarian? Yet not one donation to Ron Paul, I wonder why?

http://www.opensecrets.org/indivs/search.php?capcode=zr4hz&name=beal&employ=&cand=&state=TX&zip=&all=Y&old=N&c2008=N&c2006=N&c2010=N&sort=N&page=&page=2

BEAL, ANDY
DALLAS,TX 75205 BANKING-REAL ESTATE 10/27/97 $125,000 LNC/Non-Federal
BEAL, ANDY
DALLAS,TX 75205 SELF-EMPLOYED 6/11/02 $50,000 LNC/Non-Federal (L)
BEAL, ANDY
DALLAS,TX 75205 BEAL AEROSPACE/CHAIRMAN 6/7/10 $30,400 Libertarian National Cmte (L)
BEAL, ANDY
DALLAS,TX 75205 10/24/05 $26,700 Libertarian National Cmte (L)
BEAL, ANDY
DALLAS,TX 75205 BANKING-REAL ESTATE 5/22/97 $20,000 Libertarian National Cmte
BEAL, ANDY
DALLAS,TX 75205 4/4/95 $10,000 Libertarian National Cmte
BEAL, ANDY
DALLAS,TX 75205 BANKING-REAL ESTATE 9/25/95 $1,000 Libertarian National Cmte



Self Described Libertarian

http://www.forbes.com/2009/04/03/banking-andy-beal-business-wall-street-beal.html


Beal has barely got a dime from the feds. A self-described "libertarian kind of guy," Beal believes the government helped create the credit crisis

http://www.bloomberg.com/news/2011-06-29/beal-becomes-billionaire-with-fdic-assets-as-he-tops-poker-pros.html


Loathes Big Government
He spars with Kaplan about Trump, saying the developer would make a good president simply because he’s not a politician.

Beal’s politics -- he’s a self-declared libertarian -- seem an odd fit for a banker who relies on federal guarantees to attract deposits. He loathes big government and gives money to politicians who vow to dismantle it. Until they do, he plans to avail himself of federal programs to make money just like the next guy.

“I hate big government,” Beal says in an e-mail between a series of interviews granted, he says, only to ensure that the facts about his banks are correct. “I don’t like the government- issued paper currency rules or the laws that require its use. But those are the rules, and I live by them.”

In buying loans, Beal takes heftier risks with FDIC-insured money than do many bankers. Delinquent loans accounted for 21 percent of all loans at Las Vegas-based Beal Bank Nevada, the largest of his three banks, compared with an average of 5 percent for all U.S. banks as of March 31.


lol During the height of the financial bubble his office hours were 10:30 to 2 pm or something like that. My kind of banker. :D

Cap'n Crunk
06-29-2011, 07:15 PM
A few years back i read a book about how he tried to take down the biggest poker game in Vegas. The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time. Decent read.

lx43
06-29-2011, 07:19 PM
A few years back i read a book about how he tried to take down the biggest poker game in Vegas. The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time. Decent read.

Yeah I read he lost several millions from his gambling. To bad he didn't give it to me. lol

1836
06-29-2011, 07:32 PM
Depends on whether or not Beal is involved with The Kochtopus.

Of course, the Koch brothers would be a great get for us too... but they're too involved in "beltway libertarian" politics to care much about Ron Paul.

1836
06-29-2011, 07:33 PM
A few years back i read a book about how he tried to take down the biggest poker game in Vegas. The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time. Decent read.

It's a great read, and it talks about how Beal made his money by working hard and turning crappy assets into valuable capital; his first project was to buy a shoddy HUD complex in Waco and turn it around, that is how he got to Texas in the first place.

freedom-maniac
06-29-2011, 07:36 PM
I recall a big distraction about a "secret billionaire" conspiracy arising in the
'07/'08 days by a group of subversive trolls. I'm a little concerned about this.

lx43
06-29-2011, 07:42 PM
I recall a big distraction about a "secret billionaire" conspiracy arising in the
'07/'08 days by a group of subversive trolls. I'm a little concerned about this.

I'm not implying that this man is in talks with Ron Paul's campaign or ever has been--I would have no knowedge if he is; nor am I trying to start any rumors. I am only suggesting the RP campaign should try to contact him, it never hurts, 50/50 chance he will say yes or hell no.

tsai3904
07-15-2011, 01:50 PM
Andy Beal contributed the maximum $5,000 to Tim Pawlenty in June according to FEC records.

Eric21ND
07-15-2011, 02:10 PM
How can anyone like Pawlenty at all?

libertarian4321
07-15-2011, 04:45 PM
I recall a big distraction about a "secret billionaire" conspiracy arising in the
'07/'08 days by a group of subversive trolls. I'm a little concerned about this.

I thought the secret Billionaire funded the blimp...

lx43
07-16-2011, 08:45 PM
Andy Beal contributed the maximum $5,000 to Tim Pawlenty in June according to FEC records.

Such a disappointment.

RileyE104
07-16-2011, 09:31 PM
Wow how the hell can someone go from donating hundreds of thousands of dollars to the Libertarian Party and then give away $5,000 to TIM PAWLENTY...???? Oh well... I agree with the poster above me that this is a huge disappointment.

thehighwaymanq
07-16-2011, 10:45 PM
With all of this talk about Obama "bundles" why cant we find people who maxed out and get a bundle of our own going?