Jason Merritt, Getty Images Singer-musician-producer Alison Krauss and…
- Posted on Mar 20th 2012 12:30PM by Jason MacNeil
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According to Washington news site The Daily Caller (which obtained the footage that you can watch here), Frey and Hanks took part in the March 13, 2004 fundraiser at St. Matthews' Parish School in Pacific Palisades, LA. Both men had children who went to the school.
The clip, over two minutes long, shows Hanks and Frey acting as co-MCs and interacting with a man dressed in African garb, wearing an afro wig, carrying a stuffed gorilla and made-up in blackface. The man is identified as James Montgomery, the CEO of California investment firm Montgomery & Co. The theme of the auction was dubbed 'Castaways,' relating itself to the 2000 film 'Cast Away' starring Hanks.
"Ladies and gentleman, this is as close as we'll get to diversity at St. Matthews's," Frey says before later adding "Jamie Montgomery, just back from a Jerry Falwell sensitivity training seminar."
"Easy," Hanks says in response to Frey.
Hanks then states the large stuffed 'trophy gorilla' comes with a 'dowry' of 5,000 shares of soon to be IPO (Initial Public Offering) in 'Corus Pharm.' Corus Pharmaceuticals was a company whose Montgomery's family trust had a limited partnership in.
"All I know, Jamie, is that this school is so conservative that Jamie Montgomery was almost not allowed in," Frey says. "They stuck him in the parking lot, they let him in. These are the jokes, people."
Hanks then speaks again about the 5,000 shares before Frey adds: "Remember, Jamie Montgomery -- he handled the Idi Amin account back in the '80s which was good." (Amin was the brutal Ugandan military dictator from 1971 to 1979 responsible for a reported 500,000 deaths according to Amnesty International).
"Ouch, oh man," Hanks says in response to Frey.
After Hanks, reading from a cue card, tries to get the bidding started, Frey says: "See how boring money management and stock investment is, people? It's not nearly as much fun as like professional basketball."