My Dumbest Investment!

In a syndicated feature published periodically by The Motley Fool, readers contribute stories describing the stupidest investments they have ever made. Sometimes it’s a failed business venture, or a stockpile of some not-so-rare collectible items. Sometimes it’s a questionable real estate deal, or an unexpectedly complicated commodity like a herd of livestock.

I wonder how long before we start seeing stories from some of the members of the Scooter Libby Legal Defense Fund - like, perhaps, actors Ron Silver or Fred Thompson, or Tucker Carlson’s dad, Richard!

After contributing something near $5 million to fund Scooter’s defense, these “investors” watched Libby’s lawyers fold their hand after only two days of mostly pointless testimony that “climaxed” with John Hannah, a witness who was described by one juror as having been the least credible of everyone they heard during the trial! The defense failed to call any witnesses who could validate some of the assertions made in their opening statement, such as the “scapegoat to protect Karl Rove” theory. After huffing and puffing about testimony from Libby and Cheney for months, neither man was put on the stand, leading even the Judge to question the effectiveness of the defense.

No wonder Ted Wells ended his closing argument with a tearful plea, followed by burying his head in his hands throughout the Prosecution’s rebuttal!

I guess Libby’s supporters can always look at the bright side: at least Scooter still has lots of money left in the fund to keep him well stocked in cigarettes and soap-on-a-rope!