Posted on 09/23/2008 9:09:48 AM PDT by cardinal4
Back in July, Friends of Artorius, part of my blog, filed charges with the SEC regarding Schumer's leak and subsequent run on IndyMac. It is our belief that Schumer's Wall Street contributors were short on IndyMac and benefitted handsomely. Today, I turn on FR and the TV to find the Banking Comm meeting today. And Chuck Schumer is on there. Outraged, I called the SEC number of the investigator demanding an explanation. I was blown off by being told the charges were "ambiguous". Now Schmuckie is going to ask me for 700 Billion dollars, when we cant even pay attention!
Dear Mr. TRUAX:
Thank you for your email and for taking the time to alert us to your concerns.
We will carefully consider your request for an investigation. But at this point, our office can do nothing further to help you. This is because the SEC conducts its investigations on a confidential basis and neither confirms nor denies the existence of an investigation until we bring charges against someone involved. We cannot provide you with updates on the status of your complaint or of any pending SEC investigation. We know this policy can be frustrating, but it protects the integrity and effectiveness of our investigative process and preserves the privacy of the individuals and entities involved. Our policy is more fully described below.
Once again, thank you for writing to us.
Sincerely,
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Office of Investor Education and Advocacy U.S. Securities and Exchange Commission
(202) 551-6331
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****************************
Report# 808213112 SEC Page 1 of 2
General Information
Caller Name: PATRICK TRUAX Client Name: SEC Location #: 1
DBA: HEADQUARTERS
Address: 100 F STREET, NE
City,State,Zip: WASHINGTON - DC 20549
Country: USA
Report #: 808213112
Priority: 2
Trans #: 1
Rpt Date: 08/21/2008
Time: 02:54PM
Summary Information
Title:
Best Time to Call: ANYTIME
Phone: (314)409-6049
Type: Other
Email: ptruax31r@msn.com
Ethics and Compliance Employee Hotline
Origin: Phone Call
Phone:
WHO: Caller, PATRICK TRUAX, reported CHUCK SCHUMER.
WHAT: Unauthorized Disclosure of Non-Public Information
WHERE: WASHINGTON LOCATION
WHEN: ONGOING SINCE 7/26/2008
Incident Description
8/21/2008 2:54:00 PM - Original Call
Caller, TRUAX, reported that since 7/26/2008, Senator, Chuck SCHUMER, leaked a confidential memo, about the Indy Banks financial problems, out to the press. The Bank was then shut down and many people lost their money. TRUAX is unaware of how much money was lost, but believes that SCHUMER leaked the memo for his own benefit. TRUAX did not provide any further details.
TRUAX would like for this issue to be investigated.
Unauthorized Disclosure of Non-Public Information:
If so, when?
If so, where?
Do you know if there are plans for this to occur again within the next 24 hours?
UNKNOWN
How does the caller know about the incident?: Heard from others What documentation is available?: none Will it happen within the next 24 hours?: UNKNOWN If so, when: N/A If so, where: N/A Involved Parties Reported Individuals:
Name: CHUCK SCHUMER
Title: SENATOR
Involved/Aware Parties : NO
Management Notified: NO
Supplemental Information
How does caller know about hotline: Other Interviewer Observations: none Client Instructions The caller has provided his/her name and/or contact information indicating an interest in discussing this matter with a company representative.
Report# 808213112 SEC Page 2 of 2
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This post is titled “Stalls”, because that is exactly what is happening. Imagine the cojones on one who will cause a bank run and then stick his oily nose into the Bailout.
Any ideas on what I should do next?
Drop a bomb on Capital Hill when in session. I’m beginning to think that is our only option for getting rid of these crooks.
Of course I’m being facetious (I think) and this is of no help whatsoever but this is where my anger and frustration have led me.
I’m so fed up with them getting away with it time after time after time after time.........
Im drafting an Ethics complaint and holding my breath. This clown is dirty..
Schumer is the only one with any sense up there at the moment. He wants to give Paulsen 150 Billion instead of the FULL 700 BILLION with a Show Us that your plan works attitude. I like it.
Show Us Your Plan Works, Paulsen, then we’ll give you more money.
Did youi know about this?
Student, car debt quietly added to bailout plan
Tuesday, September 23, 2008
GIVE AND TAKE: Treasury Secretary Henry M. Paulson Jr. is working with the Democrats on a bailout bill. (Getty Images
In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets held by banks.
http://www.washtimes.com/news/2008/sep/23/student-car-debt-quietly-added/
My 20 day old daughter is already in debt up to her little ears. Man, I havent been this politically frustrated in a long time...
This is beyond belief!!!
Good luck! Keep FR posted if anything good comes of it.
US Democratic Senator from New York Charles Schumer attends a Senate Banking Committee hearing with Treasury Secretary Henry Paulson (L) and Federal Reserve Chairman Ben Bernanke on Capitol Hill as they urge Congress to swiftly pass a 700-billion-dollar Wall Street bailout, warning the entire US economy was at risk.
Your little girl has done what many young, middle age and elderly have done. Took a bigger bite of the oh, so tasty, hot pizza than they should have. Now their mouth is burning they are frantically looking for some place to spit it out.
Credit was available and oh, so tempting, so your daughter stepped up and said, “I’ll have some too, please.” Let her go through the learning process that she isn’t earning $100K every year for this credit. She can struggle out of it the same way you and I would.
Uh, 20 DAYs old, not 20 years!
Paulsen is lying has ass off.
“Fairness to taxpayers” “Protect the taxpayers” “Market confidence would fall if Congress doesn’t give me the full $700 BILLION” “I cannot qantify the cost to taxpayers at this time.”
“Open Pandora’s Box and do it NOW!” is what the man is saying.
I can’t sit through much more of this. Im torn between crying and pulling my hair out..
LOL Sorry for the mistake. Allow me to give you better news. She only owes $31,732.64 to the US treasury and Paulsen is wanting another $2333.00 for his $700 Billion bailout. That will push it up to $34,065.64 when it’s approved. I hope you aren’t against those ridiculous child labor laws. We need this money to be paid as soon as possible.
My God, how did it ever get this bad..?!
Simple. They got caught in their lies.
When your daughter learns about the debt she owes, she’ll be pissed at you for allowing it to happen. I’ll swear that you told her about it today. Be sure to tell her before she pops you in the nose!
Paulsen will gone after the election. It’s no skin off his butt if this doesn’t work!
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