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August 17, 2001 ---------------------------------------------------------------------------------------------- +++++++++++++++++++++++++++++++++++++++++++++++++++++++++ We know what Bob Rodi drives. He drives us all crazy......LOL ( Anonymous ) ---Exclusive! Seriously. Revealed here for the First Time!!!
What Bob Rodi Really Drives!!!! +++++++++++++++++++++++++++++++++++++++++++++++++++++++ ----------------------------------------------------------------------------------------------- Headlines---- PinnFund boss faces 20 counts Steve Dallas E-Mail Address Dell posts $101 million loss as demand for PCs dwindles Trade deficit widens to $29.4 billion in June as exports fall faster than imports
“Jackson,
she said, has seen
his now 2-year-old
daughter --- only once in the past seven months”—Scuttles Presidential Bid China passes U.S. as the nation with most cell phones Other Friday’s Odds and Ends
Featuring--- : Leasing News Friday Reader Car Survey Results _______________________________________________________________ San Antonio, Not Scottsdale Just one quick correction if I may. The UAEL Annual Conference & Exposition is in SAN ANTONIO, TX (not Scottsdale) October 25-28, 2001 at the Hyatt Regency Riverwalk. Thank you for your continued support! Joanie joanie@uael.org ( I must have had Scottsdale on my mind. Headline is corrected in the online version. It was the end of the day and I was late and rushed. Have no excuse. Sorry..editor ) _________________________________________________________________ PinnFund boss faces 20 counts By Mike Freeman , San Diego Union Tribune A federal grand jury indicted PinnFund USA founder Michael J. Fanghella late yesterday, charging him with transferring millions in stolen funds to Barbados and submitting a false financial statement to a U.S. housing agency. The 20-count indictment replaces a two-count criminal complaint filed against Fanghella, 50, by the U.S. Attorney's Office on Aug. 2 -- one day after Fanghella turned himself in to U.S. marshals after four months as a fugitive. Carlsbad-based mortgage-lending firm PinnFund, Fanghella and others are embroiled in massive securities fraud in which the U.S. Securities and Exchange Commission alleges investors were bilked out of $330 million. Fanghella remains behind bars at the Metropolitan Correctional Center in San Diego, where he has been held since he surrendered. He is expected to appear in court Thursday. His attorney, Ezekiel Cortez, could not be reached for comment. Nineteen counts in the indictment carry a maximum penalty of 10 years in prison and a $250,000 fine. One count -- filing false financial information with the U.S. Department of Housing and Urban Development -- carries a maximum penalty of 30 years in prison and a $1 million fine. Defendants, however, rarely receive the statutory maximum if convicted. More criminal charges could be coming. The U.S. Attorney's Office in San Diego said a federal investigation is continuing into the operations of PinnFund and its related businesses. A spokeswoman declined to elaborate. Fanghella fled the country the day after the SEC filed its litigation on March 22. A San Diego federal judge issued a warrant for his arrest for contempt after he failed to appear in court. The SEC charges were filed in a civil complaint, which is less severe than criminal charges. According to lawyers involved in the case, agents with the Federal Bureau of Investigation in San Diego and other government agencies have been investigating PinnFund at least as far back as the SEC action. PinnFund investors were told their money would be used solely to fund subprime mortgage loans, which would be then bundled and sold in the secondary market. Investors were promised returns of 17 percent. The indictment alleges Fanghella transferred $8 million in investor funds from PinnFund's bank accounts to a bank in Barbados, then sent that money back to banks in Orange County to benefit is ex-girlfriend, Kelly Cook, and others. The indictment also charges Fanghella used investor funds to pay four American Express bills in 2000 totaling $4.46 million. Some of those purchases were made by Cook. According to court records, Cook is living in a $5 million house in Laguna Niguel that the SEC alleges was bought with investor funds. Court records also indicate that Cook performed in porn films under the name Kelly Jaye prior to meeting Fanghella in 1999. In all, the SEC contends Fanghella diverted $109 million of investor funds to pay for his lavish lifestyle and that an additional $95 million went to cover operating losses at PinnFund. The rest went to pay investors in what authorities describe as a classic Ponzi scheme, in which money from new investors was used to pay interest to earlier investors. _______________________________________________________________ Steve Dallas E-Mail Address Tuesday we reported that Steve Dallas e-mail address for Leasing News was being returned; meaning he was no longer using this address. We did receive his new e-mail address, from an “avid reader,” and sent him an e-mail to this address to see if he still wanted to receive Leasingnews. We did not hear from him. But the e-mail did not come back either, so it must be his new address: sdallas@sfgllc.com Leasing News was also informed they changed their email system a while ago from United to Spectrum. ___________________________________________________________ Eastern Equipment Leasing Association Conference Not Scottsdale, either, but New Jersey September 24, 2001 If you want to survive the rapid consolidation and changes in the leasing industry, the EAEL Expo, Monday, September 24, 2001 in East Rutherford, NJ is the one event to attend this fall. Featured Speakers include Michael J. Fleming, President of ELA, whose topic is "Where Are We Now", DJ Harrington will provide "Prospecting Tools for the Future" and Everett Erlich, one of the nation's leading economists, who served as vice-president of strategic planning at Unisys Corp., assistant director of the Congessional Budget Office and is a regular economics commentator on National Public Radio, will discuss "What's "New" in the New Economy". Workshops include: Funding Small Ticket Transactions, 21 Ways to Springboard Your Vendor Marketing Program, Fee Income--The Money You are Not Generating, How to Present Your Company to a Funding Source, Funding Middle Market Transactions, How to Get Tough Deals Done , An Executive Roundtable and Legal Workshops, including: UCC Article 9 update, and the Greamm Leach Bliley Act. Also, visit the exhibit area where funding sources and service providers showcase their programs and products. For further information, please visit our website (eael.org) or call the EAEL office for a brochure--914 381 5830. Amfnyc@aol.com __________________________________________________________________ Dell posts $101 million loss as demand for PCs dwindles San Diego Tribune Union Story Dell Computer Corp. posted a $101 million fiscal second-quarter loss yesterday due to a hefty restructuring charge as it coped with slumping demand for personal computers. For the three months ended Aug. 3, Dell lost 4 cents per share, compared with earnings of $603 million, or 17 cents per share in the year-ago period. Excluding a $482 million after-tax restructuring charge to account for job cuts and asset write-downs, Dell earned $433 million, or 16 cents per share, matching expectations of analysts surveyed by Thomson Financial/First Call. Revenue slipped 1 percent to $7.61 billion from $7.67 billion, slightly below analysts' estimates. Chief financial officer Jim Schneider said he expects Dell's third-quarter revenue to be flat to down as much as 5 percent as the entire PC industry continues to struggle. Dell and other computer manufacturers have been hurt by a global economic slowdown that has hit the technology sector particularly hard. "This has been a challenging quarter for us," Schneider said. The company has reduced 5,000 positions to save money. It plans no more layoffs, Schneider said. _________________________________________________________________ FRIDAY”S ODDS AND ENDS---- TEXT ONLY Email Good job on this e-mail virus issue. If you use the preview pane in Outlook Express there is a vulnerability because the html code fires even before you open the message. Microsoft played this one down to the best of their ability because it was such a substantial security hole. >From Knowledge Base: "Microsoft has identified a vulnerability that allows a malicious Hypertext Markup Language (HTML) e-mail message to monitor the contents of the Outlook Express preview pane. After you view a malicious e-mail message in the preview pane, the contents of subsequent e-mail messages that you display in the preview pane can be sent to the malicious e-mail message's author. For this exploit to succeed, the malicious e-mail message's author must also open a separate Microsoft Internet Explorer window during the session. If you quit or restart Outlook Express, the exploit does not work." David Leidy dleidy@flexlease.com ~~~ --------------------------------------------------------------------------------------------------- CapitalStream I was reading your newsletter of Friday, August 10th and want to make sure that you have the most current descriptor of our client, CapitalStream, should you need to reference the company in future news. Here you are: Seattle-based CapitalStream (http://www.capitalstream.com) automates and streamlines commercial finance processes for banks, finance companies, and manufacturers. CapitalStream - FinanceCenter TM reduces processing time, lowers costs, and enables companies to cost effectively take advantage of new business opportunities by automating manual processes for leases, loans, lines of credit, and credit cards. CapitalStream, an established industry leader for more than five years with deep knowledge about the inner workings of the financing world, has helped hundreds of financial organizations increase their competitiveness, customer service and profitability. Thank you, and take care, Nancy Gardner DDB Seattle for CapitalStream Nancy.Gardner@sea.ddb.com 206/223-6339 ( Thanks, the one I had came from a previous press release. editor ) ~~~~ Kit, Is that verifiable that John Kruse has turned 40??? He doesn't look a day over Debbie Monosson Boston Financial & Equity Corporation djm200@hotmail.com ( Verified. He says he owes it all to clean living. He also appreciates the e-cards and e-mails wishing him a happy birthday. editor ) _______________________________________________________________ Last Week’s Sunday Sermon Children—You really wanted children? More truth than fiction in this Sunday Sermon. I will keep this one and refer to it regularly. Jerry Withrow ~~~ Nice job. Thanks for making the day. Barry Reitman ~~~ I REALLY enjoyed this Kit. It was thoughtful. My wife really got a kick out of it too. Fred St Laurent _____________________________________ A Bad Day, Yesterday I believe that "Surprise, Surprise" was originated by Jim Nabors as Gomer Pyle. For what it's worth I drive a 1999 Kia Sportage EX 4x4 and am probably the only person on record that traded in a pristine Infiniti for a Kia. Frank Latourell fml@ravefinancial.com Rave Financial Services ( I stand corrected, it was Gomer Pyle. Frank was the first to point this out. Several others have so notified me, too. editor ) ~~~ No big deal Kit, I am just kidding around with you - the actual quote is "surprise, surprise, surprise" (three times). I work the Hollywood industry and have a certain library is film or TV quotes in my head - can't seem to get them out. Les Sechler All Media Capital 800 670-7080 949 363-9150 949 363-7975 fax www.VideoEquipmentLeasing.com ~~~ FYI, my name is Dennis Brown not David. Thanks Dennis Brown ELA ( Of course, I know it is Dennis. Don’t know what happened to me. I had a bad day yesterday with Scottsdale, Gomer Pyle, David Brown. I usually write Leasing News at lunch, but went out, got behind, and it was late, and I guess I am not as young as I used to be. editor ) ~~~ The memory is the 2nd thing to go! Stewart ~~~~~ Hi Kit - Your comments re CMC were somewhat amusing. You described "strict requirements, meaning site inspections, documented signatures, and checks." Our industry is in big trouble if it now considers verification that the equipment exists, that the signatures are real and the lessee must pay the rent, as STRICT! Time to get REAL or get out. Best regards, Paul ************************************************* Paul J. Menzel, CLP Senior Vice President / General Manager Leasing Division SANTA BARBARA BANK & TRUST P.O. Box 1199 Santa Barbara, CA 93102-1199 1 South Los Carneros Road Goleta, CA 93117 (805)560-1650 PaulM@sbbt.com ( It was a bad day, for sure. I could not produce Bill Hansen’s two-page list as he faxed it to me and it would not scan due to the fax quality, so I thought if I mentioned the highlights and noted there were two pages---What I was trying to say difficult credit deals take a long time as there are usually many other difficulties as evidenced by his two page list and it is a real niche marketplace as most other leasing companies will not work that hard, go through so many steps, and put up with what Bill puts up with. editor. ~~~~ Et Tu, My Good Friend, Claude For your information, "viri" does not exist in english. The plural of virus is "viruses". Same for bonus, its plural form is bonuses, not boni. Claude Lanselle clglsng@pacbell.net http://www.bartleby.com/61/81/V0118100.html ( sheep,beef,bacon, deer are both singular and plural, and we have men, women, children, feet, geese, and teeth for plurals and is it: dived or dove? sneaker or snuck? hove or heaved? wove or weaved? strived or strove? Swelled or swollen? The word pea was originally pease as in the nursery rhyme “pease porridge hot, pease porridge cold.” But this was mistakenly thought to signify a plural and the word pea was back-formed to denote singularity, according to Bill Bryson, “Where Words Come From?” "On t'a bercé trop près du mur?" Only a Frenchman would object to the word “ viri.”Also English is always capitalized, as you did not do in your e-mail, Monsieur Lanselle."Le réalité et toi, vous ne vous entendez pas, n'est-ce pas?" But then the frogs don’t like the English. (According to a search on the internet, the English nickname for the French has nothing to do with their fondness for frogs legs, oddly enough the term was coined by the French nobility as a disparaging moniker for the inhabitants of Paris. The land surrounding Paris was notoriously swampy and the 18th century kings and courtiers of Versailles habitually referred to the Parisians as LES GRENOUILLES. Foreign diplomats picked it up and gradually became used to describe the French in general. or: According to a history book called "Holy Blood Holy Grail" the earliest Frankish kings (Clovis I) used both bees and frogs on their royal robes. Both have been found in royal gravesites of Clovis and sons in France. The reference seems to be to the royal line of Frankish kings as frogs. They were the Long Haired Kings who ruled in Gaul/France/Germany before the Christianization of Charles It is not because Frenchmen ate “frog legs” or maybe it is. editor "Comme dessert, que me suggereriez-vous pour effacer le goût du plat de resistance de ma bouche?" P.S. Claude Lanselle is an old friend of mine. He is an American frog. editor ) --------------------------------------------------------------------------------------------------- Leasing News is delivered free to your computer daily. Contact: www.leasingnews.org or e-mail direct: kitmenkin@leasingnews.org ________________________________________________________________ Car
Survey Friday Responses: 1999 BMW M3 Convertible, Metallic Blue. Andrew S. Nere ils@ilslease.com Innovative Lease Services, Inc. (800)438-1470 Ext. 204 ~~~~ Automobile 1991 Mustang 5.0 5 speed GT classic convertible Cherry Red low mileage great for Colorado Mountain driving except for winter then a Suburban. John McGee JmcgeeMESA@aol.com Mesa Financial Services, Inc. 2249 Broadway #8 Grand Junction, CO 81503 970-245-4600 ~~~ 1988 Mazda MX-6 I drive a 1988 Mazda MX-6, 5 speed. It has 217,549 miles and all of the original parts, except for timing belts, a water pump, struts and tires. It is a 2.2 liter 4 cylinder that still gets over 32 miles per gallon in city traffic and is very quick. The fastest I ever drove it was 109 miles per hour, which THANKFULLY was not verified by Police Radar or Laser. I do not know why Mazda stopped making this car? I have another question! Why do the newer cars get such poor gas mileage and have such poor performance? It seems that in the late 80's, gas mileage and performance were at a peak and the newer cars eat gas (they brag about 24 miles per gallon) and on some test drives, I asked the salesman if I should "open the door and push with my foot!" Sincerely, Joseph Leslie FciFin@aol.com President FCI Financial Services, Inc. ( You are driving one of the most efficient cars ever made. editor ) ~~~~ 1995 Chevy Cavalier Okay, I have been reading about all of these nice cars people in the leasing industry drive. I think the rest of us are now too embarrassed to admit what we drive. I, on the other hand, represent the some of the other brokers who are not admitting our cars: 1995 Chevy Cavalier with 90,000 miles (but I own it free and clear) 1998 Nissan Altima (my family considers this one the BMW) Rena rcole@altafinancialcorp.com Alta Financial Corp ~~~ 1998 Buick LaSabre I guess I missed that part of your news letter the other day asking what kind of car we drive. My daily driver is a 1998 Buick LeSabre but my weekend "fun car" is a 1949 Ford Fordor Custom. Fred Anderson frederick.g.anderson@citi.com Citicapital/European American Bank ~~~~~ 2000 F-150 Super Cab 4x4 No Ducati's or BMW's here, but I'm working towards getting there. Maybe another couple of years in this business and it will happen. In the meantime I'm able to be "out and amongst them" making sale calls in my 2000 F-150 Super Cab 4x4. The 4x4 was " a brain fart" because I thought it would allow me to get to the outer areas of Arizona to develop business where "no man has ever gone before". Unfortunately, they've already been there and done that, but it was fun in the meantime. Good excuse to get out of the "Valley of INTENSE Sun" and into the high country anyway. On the down side gas is about $1.50/ gallon, so these days I'm staying close to home. Really enjoy your Leasing News. Keep up the good work. Jerry Michael, SunBeltFnd@aol.com Sun Belt Equipment Funding ~~~~ 1993 Ford Explorer XLT with 213,000 miles and for fun 2001 Audi TT Roadster with the big engine Turbo and twin intercoolers, attached is a picture from Lime Rock and it will be at Watkins Glen August 26-28th Also For fun a 2001 Vespa ET-2 (those on the West Coast should know what this is) daryl ~~~~~~~ Bob Rodi Drives a 2000 Mercedes S500 I drive a 2000 Mercedes S500. Bought it on E-Bay. I flew to Houston to test drive the car and then had it shipped to Pittsburgh. I saved thousands buying the car on E-Bay and I am as pleased as can be with it. If you are looking for a classic car or a luxury car you owe to yourself to check out the stock on E-Bay. It's also great fun to bid on the cars. I'm on vacation for 10 days so your leasingnews readers that hate my e-mails are in for a break! See you soon. Bob Rodi President LeaseNOW, Inc. drlease@leasenow.com www.leasenow.com 1-800-321-LEAS (5327)x 101 ------------------------------------------------------------------------------------------ New Feature in “This Day in American History Signature” 1952. Mulligan and Baker. Great comment. "Pacific Jazz is born." Have a great weekend. Thanks for the News. Paul Torres <ptorres@trinitycapital.com ( I have been doing this Day in American History for five years, and it started from one line and to do it differently each year, I keep expanding it, and adding new features, such as sports, and since I generally salute a jazz figure, thought I might add this latest feature. editor ) ----------------------------------------------------------------------------------------------------------- China
passes U.S. as the
nation with most
cell phones By
Dean Calbreath SAN
DIEGO UNION-TRIBUNE
STAFF WRITER The
People's Republic
of China last month
officially unseated
the United States
as the world's primary
market for mobile
phones, bolstering
its allure for Western
wireless companies
suffering a worldwide
slowdown in demand. There
were 120.6 million
mobile phone subscribers
in China at the
end of July -- half
a million more than
in the United States,
according to China's
Ministry of Information
Industry. And
China's skyrocketing
growth rate promises
more business for
wireless firms reeling
from declining sales
in Europe and slowing
sales in the United
States. So
far this year, China's
market has grown
by 35 million customers.
The ministry predicts
80 million more
cell phones will
be in use by December
2002. In
contrast, investment
banker Morgan Stanley
Dean Witter estimates
that worldwide mobile
phone sales may
fall 8.6 percent
this year to 370
million units --
the first drop in
more than 20 years. As
if to signify the
growth in the Chinese
market, just Tuesday
the German electronics
giant Siemens announced
that its wireless
unit has signed
two deals worth
$196 million to
expand its wireless
telecommunications
networks in China. Last
month, Ake Persson,
who heads Ericsson's
infrastructure division
in San Diego, signed
an agreement to
sell China $200
million worth of
wireless equipment
made in Ericsson's
1,200-worker plant
in Sorrento Mesa. "China
has improved its
capabilities tremendously
over the past 10
years," Persson
said. "I've
been very impressed
to see what's been
done." The
deal was part of
a $1.5 billion transaction
involving Motorola,
Lucent and Nortel.
San
Diego's Qualcomm
will be providing
the technological
underpinnings for
much of the project.
Analysts estimate
that Qualcomm's
earnings could jump
by as much as 12
cents a share in
2002 because of
royalties from China. Lu
Jian-Guo, vice president
of China Unicom,
said the influx
of Western wireless
firms was providing
a needed service
in China, where
only 10 percent
of the people have
mobile phones, with
a nearly equal percentage
having landlocked
phones. Many Chinese
still live in remote
villages that have
not been connected
by telephone cables. "We're
still a developing
country," Lu
said as he signed
the agreement in
an upscale La Jolla
hotel. "Everyone
should admit this
opening up of the
market has greatly
benefited the Chinese
people." Bloomberg
News contributed
to this report. -------------------------------------------------------------------------------------------- Trade deficit widens to $29.4 billion in June as exports fall faster than imports By Jeannine Aversa ASSOCIATED PRESS WASHINGTON – The U.S. trade deficit widened in June as sales of American-made goods to other countries declined by a larger amount than imports, reflecting the impact of a global slowdown. The Commerce Department reported Friday that the trade imbalance increased by 3.3 percent to $29.4 billion in June, matching many analysts' expectations. Investors' concerns about profits prompted a price plunge on Wall Street. By late morning the Dow Jones industrial average was down 130 points and the Nasdaq index was off 56 points. Exports of goods and services fell by 2 percent to $86 billion in June as economic turmoil overseas sapped demand. That decline comes as U.S. manufacturers complain that the value of the dollar is too strong, making their goods expensive abroad. They have been pressing the Bush administration to take steps to change that. Meanwhile, imports of goods and services, hurt by flagging demand because of the ailing U.S. economy, declined in June by 0.7 percent to $115.4 billion. "This report shows a synchronous global slowdown is occurring," said Jay Bryson, global economist for First Union. In the months ahead, Bryson says, both exports and imports will probably remain sluggish. June levels of both exports and imports were the lowest since February 2000. For May, the deficit was revised to $28.5 billion, slightly larger than the government's previous estimate. The latest snapshot of trade activity comes as President Bush seeks unilateral authority to negotiate any trade accord on behalf of the United States, something Congress refused to give former President Clinton. Bush faces stiff opposition on Capitol Hill for such "fast-track" trade authority. Many lawmakers want to condition further trade liberalization on improving environmental and labor standards abroad. Administration officials say fast-track authority would help the sagging economy by lifting tariffs that discourage other countries from buying American goods and services. "In the face of a slowing economy, trade promotion authority will put America on the fast track to global economic opportunity," said Kathleen Cooper, the Commerce Department's undersecretary for economic affairs, on Friday. But organized labor and other critics contend jobs would be lost and the environment would suffer if Bush were given unfettered power to negotiate trade deals. Through the first six months of this year, the trade deficit swelled to $184.9 billion, compared with $178.1 billion during the same period last year. For all of last year, the deficit mushroomed to a record $375.7 billion. In June, the $13.5 billion worth of exported industrial supplies and materials, such as chemicals and metals, was the lowest since October 1999. Sales of U.S.-made capital goods, such as semiconductors and drilling equipment, slipped to $27.1 billion. Sales of consumer goods, including jewelry and household goods, also dipped to $7.4 billion. But exports of automobiles, engines and parts gained ground, totaling $6.6 billion in June, the highest level since August 2000. Asked to what extent the strong dollar was a factor in the decline of overall exports in June, Cooper responded: "There is no question that that has had some influence." But she added: "there is no way to disentangle exactly how much of it is due to the currency level of the dollar itself versus the economic performance. In fact, what I tend to emphasize ... is that indeed it is the relative economic performance both in the U.S. and in other countries that is the more important influence." On the import side, sales to the United States of industrial materials, including energy products, chemicals and steel, took the biggest hit, declining to $23.9 billion. That was the lowest level since April 2000. Imports of capital goods, including computers, planes and medical equipment, decreased to $24.3 billion in June, the lowest level since May 1999. Meanwhile, the United States' politically sensitive deficit with Japan widened by 3.8 percent in June to $5 billion. The U.S. deficit with China grew by 7.6 percent to $6.6 billion. The deficit with Mexico widened to a record $3.1 billion. To avert a recession in the United States, the Federal Reserve has slashed interest rates six times this year, totaling 2.75 percentage points. Many economist predict a quarter-point reduction when policy-makers meet Tuesday. The government has estimated the U.S. economy grew at a 0.7 percent rate in the second quarter. Some analysts project the government's next second-quarter estimate, released later this month, will show the economy didn't grow at all or actually slipped into reverse. Those lower estimates are mostly a result of big inventory reductions by business, which subtract from economic growth, though June's wider trade deficit will probably play a small role, economists said. --------------------------------------------------------------------------------------------------- Drudge Report: Jackson, she said, has seen his now 2-year-old daughter only once in the past seven months Jackson's Mistress: Affair Scuttled White House Bid By Michael Conlon CHICAGO (Reuters) - The woman whose out-of-wedlock child was fathered by Jesse Jackson says the civil rights leader dropped a possible third run for the White House in 2000 partly because of the scandal, according to an interview to be aired on Friday. Karin Stanford, a one-time aide in Jackson's Rainbow PUSH Coalition Washington office, also said her relations with Jackson have become strained since she took him to court to firm up child support arrangements. Jackson, she said, has seen his now 2-year-old daughter only once in the past seven months. Stanford was interviewed by ABC-TV's Connie Chung for a ''20/20'' segment that will be broadcast Friday at 10 p.m. EDT. The network said the program marked the first in-depth television interview that Stanford, who lives in Los Angeles, had granted since the scandal broke in January. Jackson's press secretary could not be immediately reached for comment. Stanford said she did not tell Jackson she was pregnant at first, in part because he was considering another run for the presidency in 2000 and ``I did not want my pregnancy to interfere with the possibility of a campaign.'' After Jackson found out about the baby, he dropped the idea, she said, according to a news release on the interview issued by the network on Thursday. ``I think he was concerned that because reporters were calling and asking about who the father of my baby was, his concern was that they would focus more on his personal life rather than his campaign platform,'' she said. Stanford, 39, had a four-and-one-half year affair with Jackson. She was pregnant with the 59-year-old Baptist minister's child at the time Jackson was counseling former President Clinton on his affair with intern Monica Lewinsky, a liaison that ultimately led to Clinton's impeachment. ``I don't think it was hypocritical at all,'' Stanford said of Jackson's counsel to Clinton. ``Or disingenuous. I think that he could empathize with President Clinton, because he was in a similar situation. And who better to give you advice than someone who's walked in your shoes?'' Now, she said, she wants Jackson ``to be a father to Ashley. I want us to have very clear visitation, I guess guidelines.'' She said Jackson has seen the girl only once in seven months since she took him to court to formalize child support payments and other arrangements. She said he currently pays $4,000 a month in support, and their relationship has become strained since she went to court. ``He (Jackson) was born out of wedlock. ... He understands the hurt and the pain it causes,'' she said, adding that he did visit the child during her first 18 months of life. ``She knew he was Daddy,'' Stanford said. ``He was concerned about her just like any father would be. He checked on her, became to visit her, he played with her.'' But she said she was shocked and insulted that Jackson's lawyers demanded she sign a confidentiality agreement during discussions about child support, and she refused. Stanford had previously disclosed she was treated for breast cancer before the pregnancy. She said concern for the girl's financial future prompted her to go to court. She called the little girl a ``miracle child'' given the fact that doctors said earlier chemotherapy treatments would make her infertile.
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