Posted on 07/07/2009 6:05:39 AM PDT by Liz
CRITICISM OVER FDIC RULES FOR PE BUYS OF BANKS-- FDIC boss Sheila Bair may have overstepped her authority with a proposal to limit how private-equity firms can snap up fallen banks. Banking agencies expressed concern about Bair's plan. The FDIC guarantees deposits---the Office of the Comptroller of the Currency and the Office of Thrift Supervision regulate aspects of banking. [OCC chief] John Dugan said, "we are very concerned that the tone of the proposed guidelines would scare off private-equity money." The hope is that the rules will change before the formal vote which follows a 30-day comment period. John Douglas, a former FDIC lawyer: "The FDIC is asserting authority that belongs to other agencies. This is unusual."
(Excerpt) Read more at nypost.com ...
ITEM VP Biden admitted on ABC's This Week with George Stephanopoulos that the Obama Admin "misread" the economy when he pushed the stimulus bill. The admin thought unemployment would not exceed 8% this year (it is now at 9.5%). Also discussed is the need for another stimulus package.......(STUCK ON STUPID So if the first one did not work, do it again).....(Excerpt) Read more at freedomslighthouse.com. Watch video
POINTS TO PONDER Creating jobs was apparently NOT the reason for the stimulus.
POINT ONE On June 9 President Obama called a press conference to announce, "Several financial institutions are set to pay back $68B to taxpayers." While Mr. Obama's announcement was welcome news, it was assumed that any money or profit would be returned to the general funds from whence it had come in order to pay down the debt. The truth, however, is that the money returned by the banks is finding new life as part of what amounts to a Treasury Department-controlled slush fund.
POINT TWO We keep reading and hearing Congress rushed to approve the "$787 billion stimulus package" early this year, but very little of it has been used. Now uber-Lobbyist Thomas Hale Boggs, Esq (Patton Boggs) was interviewed by nightly network news last week. Boggs said there's $2 TRILLION federal stimulus waiting to be distributed..... AND that he is getting unprecedented numbers of calls from all over the US......from those who want a piece of it. Boggs is the son of former Cong Hale Boggs and sister of ABC-TV commentator Cokie Roberts.
POINT THREE Obama tapped VP Joe Biden to "allocate" the stimlulus $$trillions. Biden's family was involved with Texas financier H. Allen Stanford, now charged with an $8 billion offshore fraud, the WSJ said. The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related companies marketed the fund to global investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.......... Paradigm Global Advisors is owned through a holding company by the VP's son, Hunter, and Joe Biden's brother, James, according to newspapers.
POINT FOUR How can this be legal? A jaw-dropping policy the White House released late on a Saturday afternoon........hoping we would not notice. "Following OMB’s review, the Obama Administration has decided to make a number of changes to the rules that we think make them even tougher on special interests and more focused on merits-based decision making. First, we will expand the restriction on oral communications to cover all persons, not just federally registered lobbyists. For the first time, we will reach contacts not only by registered lobbyists but also by unregistered ones, as well as anyone else exerting influence on the process. We concluded this was necessary under the unique circumstances of the stimulus program."
POINT FIVE The Reserve Primary Fund's recent failure was "a tragedy" said Crane Data. Without details, sounds like a very strange charge. It may just be a diversion and scapegoating in a broad "War on Wall Street" that Obama, Soros and FDIC's Sheila Bair, among others, are engaged in right now, to get complete control of our financial system.
POINT SIX Obama hid $17.5 BILLION of his $2 TRILLION stimulus in NJ. The $17.5 BILLION cannot be accounted for. EDITORIAL June 22 reported NJ promised complete transparency.....but there is virtually no information on the $17.5B federal largess via a Web site — www.recovery.nj.gov. A NJ TASK FORCE was created to review every step of the process and ensure that stimulus funds are awarded based on clear and appropriate criteria and then distributed in a prompt, fair and reasonable manner. The Web site, as currently constituted, does none of that. END EDITORIAL Americans have no way of knowing if $17.5B stimulus is being laundered in NJ, and/or is being illegally directed to Democrat campaign coffers.
BTTT! Thanks, Liz.
Good stuff. Thanks.
Cat fight! Cat fight!
I don’t think it would be too much to ask that these 3 take advantage of the Bernie Madoff plan to spend at the very least 150 years in jail.
“Boggs is the son of former Cong Hale Boggs and sister of ABC-TV commentator Cokie Roberts. “
Jeez, talk about 3rd generation D.C. inbreeding ;-)
Another example of the Golden Rule. He who has the gold...rules!
“It may just be a diversion and scapegoating in a broad “War on Wall Street” that Obama, Soros and FDIC’s Sheila Bair, among others, are engaged in right now, to get complete control of our financial system. “
Exactly what I was thinking.
” Obama hid $17.5 BILLION of his $2 TRILLION stimulus in NJ. The $17.5 BILLION cannot be accounted for. EDITORIAL June 22 reported NJ promised complete transparency”
We need a complete accounting on this money, including accrued interest if any. The interest alone would fund many left wing liberal candidates. Look to Soros!
Let’s find out why this is not being highly publicized.
EMAIL rush@eibnet.com
EMAIL 60m@cbsnews.com
ACTION NOW-—PASS THE WORD Taxpayers need to determine who Bair is taking orders from. We need to demand FDIC audits and phone-logs, emails, and electronic transfers.
POSSIBLE CRIMES Govt fraud, conspiracy, collusion to conspire, conspiracy to steal; theft of public property and official records, etc etc etc.
REPORT TAX FRAUD AND TAX LAW VIOLATIONS HERE:
IRS TOLL-FREE 1-800-829-0433——you may remain anonymous.
EMAIL .......OAAG.Tax@tax.USDOJ.gov
Ask the IRS to determine if taxes were paid (stolen money is taxable).
IRS TOLL-FREE 1-800-829-0433—-you may remain anonymous when reporting tax fraud.
Report fiduciary negligence; signing off on falsified documents here:
EMAIL askDOJ@usdoj.gov
FBI TIP PAGE http://tips.fbi.gov/ (you may remain anonymous)
EMAIL enforcement@SEC.gov
98% of the US Congress should join them in a cell.
Obama, Soros, Rahm taking control of financial system ping
Soros' operation is global---he has a zillion n/p organizations in which he could hide (and launder) federal money.
P I N G !!
PING and please send to your address list.
PING
Excellent information thanks for all the links. I really am beginning to believe there is little anyone can or is willing to do about it and I believe obamageddonss actions are really just smokescreens since he is owned by the banks he is socializing the losses so I see that aspect as a diversion.
Seriously, we need to make it law that those who violate the constitution of the US serve time or worse. This would help the idiots read what they vote for in Congress.
It seems the Executive Branch can now do whatever they want to do in violating the constitution and in corruption through Executive Orders. We have to stop this.
Contacting Obama Department of Justice with Holder in charge is no going to do any good. Holder is as corrupt as they come.
All those "diversions" of necessity go down side roads and back alleys. It's up to us to follow the money, setup the blockades.......and nail him.
Amen; spread the word to everyone in your address list.
This is a stunning revelation. Where is the Republican Congress demanding an investigation?
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