Lehman Brothers: Obama’s Rezko-Auchi conflict of interest

Democratic Presidential candidate Barack Obama was quick to blame the bankruptcy of Wall Street giant Lehman Brothers on Republicans’ “failed philosophy”. Obama’s September 15 comments were repeated throughout the media--yet reporters have not noted Obama’s glaring conflict of interest—the Lehman debt owed to a bank owned by the financier who loaned millions of dollars to Tony Rezko.

Jockeying among the other debtors seeking repayment under Chapter 11 bankruptcy rules is BNP Paribas, a large French bank whose largest single private shareholder is Nadhmi Auchi’s General Mediterranean Holdings (GMH). BNP Paribas is owed $250 million by Lehman.

Nadhmi Auchi is an Iraqi whose Baathist ties go back to 1959. A formerly high-ranking official in Iraq’s Oil Ministry, Auchi left Iraq at the end of the 1970s. His wealth then grew exponentially as a procurer of arms for Saddam Hussein’s government during the Iran–Iraq war. He is now one of the richest men in Britain. Saddam Hussein in 1995 selected BNP, which later merged with Paribas, as the sole conduit bank handling Oil-for-Food transactions. This Clinton-era arrangement was changed in 2001 by the incoming Bush administration.

Been searching foreign press for the biggger picture and hopefully “non-partisan”investigation that might change minds and hearts in this election.

To whittle this down to a simple story, here is a young attorney fresh out of law school who seems to have contact with a few billionaires, and in short time is catapulted as a Presidental candidate whose background largely consists of being a “community organizer”.

It’s either the greatest “American Dream” story or a real nightmare in the making.

What do these billionaires see in Obama beside “charisma”?

* BNP aka Banque Nationale De Paris & GMI's Nadhim Auchi , Obama, Antoin Rezco, Lehman Bros, UN Oil for Food : Democratic Presidential candidate Barack Obama was quick to blame the bankruptcy of Wall Street giant Lehman Brothers on Republicans’ “failed philosophy”. Obama’s September 15 comments were repeated throughout the media--yet reporters have not noted Obama’s glaring conflict of interest—the Lehman debt owed to a bank owned by the financier who loaned millions of dollars to Tony Rezko.
Jockeying among the other debtors seeking repayment under Chapter 11 bankruptcy rules is BNP Paribas, a large French bank whose largest single private shareholder is Nadhmi Auchi’s General Mediterranean Holdings (GMH). BNP Paribas is owed $250 million by Lehman.
Nadhmi Auchi is an Iraqi whose Baathist ties go back to 1959. A formerly high-ranking official in Iraq’s Oil Ministry, Auchi left Iraq at the end of the 1970s. His wealth then grew exponentially as a procurer of arms for Saddam Hussein’s government during the Iran–Iraq war. He is now one of the richest men in Britain. Saddam Hussein in 1995 selected BNP, which later merged with Paribas, as the sole conduit bank handling Oil-for-Food transactions. This Clinton-era arrangement was changed in 2001 by the incoming Bush administration. http://www.canadafreepress.com/index.php/article/5076 (Excerpt) Read more at canadafreepress.com ...------Lehman Brothers: Obama’s Rezko-Auchi conflict of interest Canadian Free Press ^ | September 17, 2008 | Andrew Walden Posted on Friday, October 10, 2008 11:20:45 PM by GOPbabe

* BNP aka Banque Nationale De Paris & John Kerry, Tereeza Heinz :
Ketchup boy [John Kerry] and spouse [Tereeza Heinz] owned a chunk of BNP [Banque Nationale De Paris] , which they ditched just before he began to campaign.-------15 posted on 02/03/2005 7:14:19 PM PST by NativeNewYorker

* BNP aka Banque Nationale De Paris & Noriega :
ARTICLE SNIPPET: “PARIS (Reuters) - France had “taken note” of a U.S. court ruling in the case of former Panamanian leader Manuel Noriega but an official on Sunday declined comment on his possible extradition to Paris after his U.S. prison term ends.
Noriega, 72, was sentenced in absentia to 10 years in prison by a Paris court in 1999 on charges of laundering millions of French francs generated by the drugs trade through banks CIC, BNP, Credit Lyonnais and Banco do Brasil. Luxury apartments owned by Noriega and his family in Paris were also seized.
The former Pananamanian strongman is due to appear before a U.S. magistrate on France’s extradition request on Tuesday after a separate U.S. judge on Friday denied him a speedy return home when he is released from prison in Florida on September 9 after serving 17 years for drug trafficking and racketeering.”
--------“France keeping eye on Noriega extradition hearing” Sun Aug 26, 2007 11:46AM EDT Email | Print | Digg | Reprints | Single Page | Recommend (0) [-] Text [+]http://www.reuters.com/article/worldNews/idUSL2636835120070826 Posted by Cindy to Oorang; backhoe; piasa; All On News/Activism 08/26/2007 9:14:26 AM PDT · 1,740 of 1,964

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