Beam me to Planet Gore !
Posted on 04/26/2010 7:13:30 AM PDT by george76
The SEC civil charges against Goldman Sachs challenge a firm with ties to many Democrats, including Al Gore and the entire carbon trading establishment.
Whether Wall Street colossus Goldman Sachs has committed a crime remains to be seen, but the investigation may well uncover the environmental lobby and its public figurehead. For nearly a decade, Goldman Sachs has been a quiet but major investor in cap and trade. And Goldman’s main investment partner has been Al Gore.
About a decade ago, Goldman executives recognized that personal fortunes could be made with the invention of a carbon trading system through the passage of a U.S. cap-and-trade bill. This area was well suited to Goldman Sachs, the architects behind the complex world of futures trading and exotic derivatives.
Goldman joined Al Gore in 2004 and capitalized his investment company, Generation Investment Management. Strangely for a man who was a heartbeat away from the presidency, Gore decided to register his company in London — not the United States.
In November 2004, Gore unveiled GIM. Standing at his side was David Blood, the CEO of Goldman Asset Management. Blood was to become his co-founder (the new company was quickly nicknamed “Blood & Gore”). It was established with the initial capital of $206 million, much of it from Blood clients at Goldman Sachs.
Today, seven of Gore’s GIM chief partners are from Goldman Sachs. The company is now valued at $2.2 billion.
It doesn’t stop there. The Goldman Sachs/Gore team then established the Chicago Climate Exchange (CCX), a new cap-and-trade carbon trading platform, and partnered with the UK-based Climate Exchange, Plc (CLE), a holding company listed on the London Stock Exchange. CLE does carbon trading in Europe.
(Excerpt) Read more at pajamasmedia.com ...
Do you remember the endless headlines and references to the Enron employee and officer contributions to the Bush campaign?
Remember how it was described as though it was corruption or the purchase of undue influence?
Well, I wonder what Goldman Sachs did for Obama. Wow, a PAC as well as contributions.
Surely it couldn’t have been that much or the papers and networks would be all over Obama.
Seven times as much?
ALMOST A MILLION BUCKS FUNNELED TO OBAMA!
Well at least he and his economic team didn’t meet with them while this investigation was going on. Four time?
Four times in the White House log and numerous times as invitees to administration events>?
Well, well, well.
They will attack if it is stratigic.
Goldman Sachs and the Art of Ripping Your Clients’ Faces Off
http://www.freerepublic.com/focus/f-news/2500879/posts
Joyce Foundation board member from 1994-2002: Barack 0bama
Joyce FOundation funded Wm Ayres brother, John, the Tides Foundation (Soros & Heinz Kerry) and helped START the Chicago Climate Exchange.
http://www.muckety.com/Joyce-Foundation/5021503.muckety
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.