Posted on 10/10/2004 2:53:15 AM PDT by dandelion
If the name of a "Big Money" Political Party Donor with ties to Enron were discovered on the Saddam's Coalition of the Bribed, what do you think would happen to the Candidate of that party?
What if that Candidate of that Party was John Kerry?
Newsweek drops a bombshell on the Kerry Campaign: Texas Oil Baron and Big-Time Democrat Donor Oscar Wyatt has received perhaps as much a $22 million dollars in profits through oil allocations bought illicity from Saddam Hussein.
From MSNBC: United Nations: Oil-for-Food Fiasco?"
Law-enforcement sources say Americans who participated in alleged oil-for-food scams also may face further investigation. The CIA deleted from Duelfer's report names of Saddam's U.S. oil-for-food favorites. But an uncensored copy of the Duelfer report obtained by NEWSWEEK indicates Houston oil mogul Oscar Wyatt got oil allocations from Saddam which could have earned him and Coastal Corp.?a company he founded and ran until 2000?profits of more than $22 million. Wyatt and wife Lynn are major donors to political causes: since 1989 they have given nearly $700,000 in contributions, of which more than $500,000 went to Democrats. Wyatt told NEWSWEEK that his company did buy oil from Saddam but that he never did so personally, and that his company's dealings all complied with U.N. rules. ?Mark Hosenball and Steve Tuttle
Who is Oscar Wyatt? More than just a oil man, he's an outspoken critic of both Gulf Wars, and a big time Democratic Party Donor...
As per Houston's Clear Thinkers:
The 10-K also disclosed that one of El Paso's units has been subpoenaed by a grand jury from the U.S. District Court for the Southern District of New York to produce records regarding the United Nations' Oil for Food Program governing sales of Iraqi oil. The unit, El Paso CGP Company, was formerly Coastal Corp., which the company acquired in January 2001. The former chairman of Coastal -- Oscar Wyatt -- was an unabashed critic of Operation Desert Storm in the first Persian Gulf War and has been a vocal public critic of El Paso's management over the past several years.
Wyatt appears to have used his ill-gotten gains wisely - buying the leftovers of Enron.
According to New Age Business:
Enron said that the company and the Official Unsecured Creditor's Committee decided the CCE offer was best. Enron previously had said NuCoastal LLC, a company run by Texas billionaire and Coastal Corp. founder Oscar Wyatt Jr. had offered $2.2 billion in May.
So how does this affect Kerry? Well, perhaps we should couch it in terms even the Old Press can understand:
Big Oil, bribed by Saddam Hussein, helped pay for John Kerry's Campaign. Money used to buy Hussein's army's guns helped pay for John Kerry's campaign. Guns used to kill American Soldiers helped pay for John Kerry's campaign...
This may explain why John Kerry thinks the war in Iraq was a mistake. I believe the mistake may be his.
Vaguely, but I noticed this current Soros ad only appeared once, and is now gone!!! I can't revive it... Poof!!!
Did she ever explain how she obtain those documents she showed Wilson?
Kerry, after graduating from law school in Boston in 1976, went to work as a Middlesex County, Mass., prosecutor. He was elected the state's lieutenant governor in 1982 and its junior U.S. senator two years later.
Another report on this from the NY Slimes:
Report Cites U.S. Profits in Sale of Iraqi Oil Under Hussein
By JUDITH MILLER and ERIC LIPTON
The New York Times
Major American oil companies and a Texas oil investor were among those who received lucrative vouchers that enabled them to buy Iraqi oil under the United Nations oil-for-food program, according to a report prepared by the chief arms inspector for the Central Intelligence Agency.
The 918-page report says that four American oil companies - Chevron, Mobil, Texaco and Bay Oil - and three individuals including Oscar S. Wyatt Jr. of Houston were given vouchers and got 111 million barrels of oil between them from 1996 to 2003. The vouchers allowed them to profit by selling the oil or the right to trade it.
The other individuals, whose names appeared on a secret list maintained by the former Iraqi government, were Samir Vincent of Annandale, Va., and Shakir al-Khafaji of West Bloomfield, Mich., according to the report by the inspector, Charles A. Duelfer.
The fact that these companies and individuals received oil from Iraq does not mean they did anything illegal, experts on the program said. Such allocations may have been proper if the individuals and companies received appropriate United Nations approval.
In interviews on Friday, spokesmen for the oil companies and for the El Paso Corporation, which assumed control of the assets of a company, Coastal Corporation, once run by Mr. Wyatt, said the transactions had been legal. But each confirmed that they had received subpoenas from a federal grand jury in New York, which is investigating "transactions in oil of Iraqi origin" as part of the oil-for-food program, according to a federal financial filing by El Paso.
The largest of the allocations went to Mr. Wyatt, who the list said had received allocations totaling 74 million barrels. At the profit rates of 15 cents to 85 cents per barrel that were reported in the arms inspector's study, he could have earned $23 million. The names of the American companies and citizens who benefited from the vouchers were not included in the published report prepared by the Iraq Survey Group that was released Wednesday by the C.I.A., since the names of American individuals cannot be publicly disclosed under privacy laws. But the names were contained in unredacted copies given to the White House and to several Congressional committees. A copy of the unedited list was shown to The New York Times.
Tony Fratto, a Treasury Department spokesman, said United States sanctions on Iraq had prohibited American companies and individuals from interacting directly with Iraqi officials. But the oil dealers were permitted to get special authorization from the federal government to bid on United Nations contracts under the oil-for-food program. He said the agency was "actively investigating" whether the American entities and people circumvented that requirement.
Reid Morden, the staff director of the Independent Inquiry Committee, the United Nations-appointed panel headed by the former United States Federal Reserve chairman, Paul A. Volcker, said his committee too was "reviewing" the new report "to see if it helps us with our investigation."
The oil-for-food program, which was started in 1996, was intended to allow Iraq, in a closely monitored way, to sell enough oil so that the country would have the resources to buy food, medicine and to maintain certain critical public facilities.
The program was abused when Saddam Hussein intervened, personally selecting individuals and companies to receive oil allocations. The allocations, also called vouchers, could be sold so that the recipient approved by Mr. Hussein did not have to trade the oil but could simply profit from the transaction.
Ultimately, Mr. Hussein began to demand kickbacks in return for these oil allocations, a requirement that some oil dealers were willing to honor given the large profit margins associated with oil trade.
The proceeds may have been used by Mr. Hussein to pay for purchases of arms in violation of sanctions, the report says.
Among American companies and citizens, Mr. Wyatt, who did not respond to messages left on Friday at his Houston office, was by far the largest recipient of oil allocations, as recorded on the secret list maintained by the Iraqi government, the report says.
For decades, Mr. Wyatt has been a hard-driving - and controversial - oil merchant who did business with Col. Muammar el-Qaddafi of Libya and helped rescue hostages in Kuwait. In 2000, his Coastal Corporation merged with the El Paso Corporation. Mr. Wyatt is still a large shareholder in El Paso, but he is not an executive with the company, which last month received the subpoena related to the Iraqi oil deals.
Mr. Khafaji and Mr. Vincent, who both received much smaller allocations in the secret Iraqi list than Mr. Wyatt, could not be reached for comment. Mr. Vincent is an Iraqi-born businessman who headed Phoenix International.
Mr. Khafaji financed a controversial film about Iraq by Scott Ritter, the former United Nations arms inspector who opposed the American-led invasion of Iraq.
Rep. Christopher Shays, the Connecticut Republican who heads the subcommittee on government reform, which has been investigating the oil-for-food program, said his panel would "follow the list wherever it takes us."
"We want a full explanation of the involvement of all American oil companies and individuals who were involved in a thoroughly corrupt program," he said.
Representative Henry J. Hyde, Republican of Illinois, chairman of the International Relations Committee that is also investigating the seven-year oil-for-food program, said in a statement that the Iraq Survey Group's report showed the "full breadth of Saddam Hussein's corruption and manipulation of the U.N. Oil for Food program."
From: The Handbook of Texas, Online: Before the Gulf War in 1991, Wyatt attempted to trade Coastal's refining and marketing assets for regular supplies of crude oil from Iraq. With Coastal director and former Texas governor John B. Connally,qv Wyatt met with Saddam Hussein and flew twenty-one hostages out of Baghdad. Wyatt was later critical of Operation Desert Storm and was investigated for possible violation of the United States trade embargo.114 posted on 10/10/2004 8:22:39 AM PDT by fightu4it
Oh boy. This reminds me of Ambassador Joe Wilson's self promotion on how HE was the guy who got hostages out of Iraq during the the first Gulf War.
The c BS ad I mentioned was a cartoon hit piece against GW and had a link to donate to the Kerry campaign.
It lasted less than the first business day it was posted. I believe that you found it and alerted us to it.
In Texas, we have no party registration. The only way to POSSIBLY tell party affiliation is to check which party they vote during early voting. Some people switch each election.
For foreign policy influence you donate to the federal level.
Though to a certain extent they both have influence on the other, the guy is bound to have more things he wants his hands in than just Iraqi oil - environmental regs, labor regs, trade policy, etc, so he needs to donate to a range of people depending on what he hopes to accomplish. It'll be interesting to see from whom he actually obtained help in pushing for sanctions be lifted or in smoothing the way for him through the sanctions. Regardless of party, appeasers and regime enablers need to be flushed.
Thought you might find this story of interest.
"Texas Oil Baron and Big-Time Democrat Donor Oscar Wyatt..."
Newsweek will most likely forget "Democrat" and let everyone put Texas, oil baron, big-time donor and *Bush* together.
LMFAO. You know Rush and Sean will be all over this.
A big bump.
Oil-> Food-> $$$$$-> Democrats -> Kerry
If she ever explained it, I haven't seen it.
This makes me feel like I'm in never never land.
Nothing seems right about this whole election campaign.
The worst candidate the dems could have picked................and they pick this...this....this.... THING!!!
I tell you...he looks like an aberation. I'm not talking about how he LOOKS, physically. I'm meaning his persona. The guy isn't real.
How can you be on the opposite side of right, good, clean, truthful and always be on the good side of the left? Who are these people???????
It's amazing to me. These people are out of their minds!!!
BUSH/CHENEY 2004
I don't kerry can say much about the enron thing anyway. The corruption occured under clinton, it took bush to get in and clean it up :)
American Council for Capital Formation
The Council's goal is to restructure U.S. tax, regulatory, and environmental policies in a manner that is favorable to capital-intensive industries. Ken Lay was a member of the board of directors. Former Treasury chief and Enron lobbyist Lloyd Bentsen and former Sen. William E. Brock, were also on the board. Former Cabinet members Lloyd Bentsen (also an Enron lobbyist), William E. Brock, George P. Shultz, and former Federal Reserve chairman Paul A. Volcker were also on the board.
And Paul Volcker was appointed to run the UN's internal investigation of its Oil for Food scandal--what a coinkidink, huh?
"Oh boy. This reminds me of Ambassador Joe Wilson's self promotion on how HE was the guy who got hostages out of Iraq during the the first Gulf War."
Al Gore would object strenuously to Wilson's claim, since it was actually Al Gore who invented hostage negotiation.
What a cute little den of thieves.
No contributions to Kerry or Edwards?
btt!
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