S.E.C. Investigating CalPERS on Disclosures

WIKI: Obama's new COS, William Daley became associated with Amalgamated Bank of Chicago, where he was first vice chairman (1989–1990) and then president and chief operating officer (1990-1993). Daley returned to the practice of law, as a partner with the firm Mayer Brown (then Mayer, Brown & Platt) from 1993 to 1997, where he served on the board of Fannie Mae.

In December 2001, he was appointed President of SBC Communications Inc. to help reform the company's image.

In May 2004, Daley was made Midwest Chairman of JP Morgan Chase and Bank One Corp. to oversee post-merger operations from Chicago. (See JP Morgan billion dollar looting reference above--circa 2008.)

Daley currently serves on the Boards of Directors of Boeing, Merck & Co., Boston Properties, Inc., and Loyola University Chicago. He is also a trustee of Northwestern University and sits on the Council on Foreign Relations.

In 1993, he served as special counsel to the President on issues relating to the passage of the North American Free Trade Agreement (NAFTA). In 1997, Daley became Secretary of Commerce in the second administration of President Bill Clinton, and he remained at that post until July 2000, when he resigned to campaign for the Vice President. [edit] Presidential politics

After he resigned as Commerce Secretary he became chairman of Vice President Al Gore's presidential campaign. He was portrayed in the HBO film Recount, about the Florida election recount of the 2000 presidential election, by actor Mitch Pileggi.

During the 2008 Democratic presidential primaries, Daley was a prominent supporter of Barack Obama. On November 5, 2008, Daley was named to the advisory board of the Obama-Biden Transition Project.

Obama's new COS, William Daley, has criticized Francis Cardinal George for having opposed a speech by Obama at the University of Notre Dame because of sharply differing views on abortion.

==============================================

NOTEWORTHY REFERENCES:

What Obama and Michelle Believe re: Aborted Babies Born Alive
FR POSTED http://www.freerepublic.com/focus/news/2253212/posts?page=6

In February 2004, US Senate candidate Barack Obama's wife, Michelle, sent a fund-raising letter with the "alarming news" that "right-wing politicians" had passed a law (prohibiting doctors from stabbing half-born babies in the neck with scissors, suctioning out their brains and crushing their skulls).

Michelle Obama called partial-birth abortion "a legitimate medical procedure. " She urged supporters to pay $150 to attend a fund-raising luncheon for her husband, who she promised would fight against "cynical ploy[s]" to stop it.

BACKGROUND Legislation was presented on the federal level and in various states called the Born Alive Infants Protection Act. It stated all live-born babies were guaranteed the same constitutional right to equal protection, whether or not they were wanted. BAIPA sailed through the U.S. Senate by unanimous vote. Even Sens. Clinton, Kennedy and Kerry agreed a mother's right to "choose" stopped at her baby's delivery. The bill also passed overwhelmingly in the House. NARAL went neutral on it. Abortion enthusiasts publicly agreed that fighting BAIPA would appear extreme. President Bush signed BAIPA into law in 2002.

But in Illinois, the state version of BAIPA repeatedly failed, thanks in large part to then-state Sen. Barack Obama. Obama worried aloud that legislation protecting live aborted babies might infringe on women's rights or abortionists' rights.

In 2003, as chairman of the next Senate committee to which BAIPA was sent, Obama stopped it from even getting a hearing, shelving it to die much like babies were still being shelved to die in Illinois hospitals and abortion clinics.

BAIPA passed in 2005.........after Obama left the Illinois Senate.

=========================================

Once in office the Obama administration launched the abortion bloodbath.

<><> He has officially approved the first instance of taxpayer funded abortions under the new national government-run health care program. This is the kind of abortion funding the pro-life movement warned about when Congress considered the bill.

<><> The Obama Administration will give Pennsylvania $160 million to set up a new “high-risk” insurance program under a provision of the federal health care legislation enacted in March. It has quietly approved a plan submitted by an appointee of pro-abortion Governor Edward Rendell under which the new program will cover any abortion that is legal in Pennsylvania.

<><> The high-risk pool program is one of the new programs created by the sweeping health care legislation, Patient Protection and Affordable Care Act, President Obama signed into law on March 23. The law authorizes $5 billion in federal funds for the program, which will cover as many as 400,000 people when it is implemented nationwide.

<><> “The Obama Administration will give Pennsylvania $160 million in federal tax funds, which we’ve discovered will pay for insurance plans that cover any legal abortion,” said Douglas Johnson, legislative director for the National Right to Life Committee. Johnson told LifeNews.com: “This is just the first proof of the phoniness of President Obama’s assurances that federal funds would not subsidize abortion — but it will not be the last.”

One of Obama’s first legislative achievements was to include a provision, within the 2009-2010 military budget, prosecuting pastors who preach hatred. Let’s say your pastor preaches on Romans 1st chapter which denounces homosexuality. Someone happens to walk in your church during the sermon and hears the message. Then he/she commits a crime against someone who happens to be a homosexual. Not only is the bad guy prosecuted but your preacher can be as well.

<><> Obama got help from Pelosi and Reed for this verbiage. This is the first time any president signed such a provision. I would ask your preacher if he is aware of this provision in the military budget and the fact that he might have voted for someone who is willing to send him to jail.

============================================

<><> A federal probe was requested by three high ranking lawmakers with congressional oversight responsibilities into whether the Obama Administration broke federal laws by promoting a proposed constitution that radically changes abortion policy in Kenya.

<><> Empowered by Obama, the ACLU Demands NY Investigate Catholic Hospitals Refusing “Life-saving” Abortions........

<><> Obama DOJ nominee Dawn Johnsen saw a great danger to liberty in laws enacted to protect babies in the womb...... it was OK to make such laws to protect the interests of the woman carrying unborn child -- or to protect whatever interest the baby may have retroactively in its fetal existence if it is ever born alive -- but it was not OK to make such laws in the interest of the unborn child itself.

*** Daley currently serves on the Boards of Directors of Boeing, .... ***

I didn't know that but it's Veeeeery interesting.

Boeing's Corporate HQ is now in Chicago. They moved 'here' in Sept of 2001. And they picked Chicago as Boeing was "offered packages of multi-million dollar tax breaks". And those Tax breaks were 'HUGH' as other cities were trying to woo Boeing to their cities with sweet deals too.₍₁₎.

And guess who the Chicago Mayor was then, who gave Boeing those FREEBIES - which shifted a huge tax burden to Homeowners for decades to come -- Richard M Daley, Bill's brother. What a coincidence! And then, well golly gee whiz, Bill Daley gets picked to be on Boeing's Board of Directors. WOW! ... another coincidence!

And who says lightening doesn't strike in the same place twice. Coincidence after coincidence.₍₂₎
If I was Bill Daley, I'd play the Mega Ball Lottery every week. With that 'luck' you'd win every couple weeks!(/s)

(1) Wiki. Boeing
(2) To quote Leroy Jethro Gibbs: "I don't believe in coincidences"

I sent him the Yucaipa key word link from Free Republic. That basically ended our friendship, his wife went into a stage of depression and blamed me for exposing CalPers.

There is a common psych phenomenon called "transference". When a person without status or cred reports -- credibly and truthfully or not -- unflattering or negative information about a person well thought-of by the hearer(s), the audience members can turn on the reporter and assign to him the negative qualities being reported.

People would rather attack a "gossipy" detractor of someone they admire and have assigned good feelings in their own minds, than believe what they are being told, or even attempt to assess the complaint evenhandedly. Bill Clinton exploited this phenomenon heavily while in office. (Troopergate and the related Paula Jones scandal are classics.) Many corrupt politicians do.

Discussion in Dorland's Medical Dictionary, via Farlex:

Transference (link).

I'm unaware of any technique or remedy, unfortunately. Your friends may be permanently estranged. I wouldn't try to "prove" anything to them; it would probably just make things worse. Aren't the political black arts grand?

This pack of elite Wall Street thieves should go to jail forever. The looting of Cal Pers makes Madoff look like a petty 7/11 thief.

CASE IN POINT Texas tycoon Sam Wyly and his brother Charles have been charged by the SEC......they hid some $500M gained fraudulently, while sitting on public boards, then hid the money in “an elaborate sham system of trusts and subsidiary companies” on the Isle of Man and the Cayman Islands.

THAT SOUNDS FAMILIAR The trustee ID'ing Bernie Madoff's Ponzi assets unearthed a labyrinth of interrelated intl funds, institutions and entities of almost unparalleled complexity and breadth with assets and businesses in 11 places overseas. No question, tax evasion and money laundering was the name of the game for wealthy investors funneling income to Madoff.

Wealthy businessmen posing as "philanthropists" hid and laundered hundreds of millions in annual income with Madoff. Later investors were suckered in to make the scheme look legit. The suckers helped payoff wealthy investors like Picower who made payback deals with Bernie. Picower got back much much more than he put in.....to the tune of 900%.

Madoff ran several scams simultaneously: (1) a Ponzi fraud that made him and his family wealthy; (2) laundering tax-free money for phony "charities," (3) IRS fraud facilitation for the wealthy; (4) a protection racket (shielding investors from L/E); (5) laundering tax-free money destined for big buck campaign contributions (campaign fraud).

BTW, here's another "lucky" Madoff investor. Ira Rennert, Fifth Avenue Synagogue board chair, and Chairman of Yeshiva University Investment Committee, invested some $200 million w/ Madoff.

Rennert's Hamptons Mega Mansion, Sagaponack, NY; rivals Versailles and Buckingham Palace in luxury and size. It has tax evasion written all over it. This obscenely gargantuan mansion, dubbed Fairfield, is reportedly the largest occupied residential compound in America Square Feet: 66,000 / 110,000 (including outbuildings). It is situated on 63 prime acres and houses 29 bedrooms and 39 bathrooms. It also has a dining room that stretches 90 feet long, a bowling alley, two tennis courts, a squash court, a 164 seat movie theater, and a 200 car garage AND a rather rare item---its own power plant.

Fairfield is currently valued at more than $185 illion. Hamptonites complain this astoundingly palatial mega-mansion in the posh Hamptons is actually a "synagogue-residence-yeshiva" for Orthodox Judaism students.

Rennert says he is Founder of The Renco Group.

And Clinton's role in the fund, Yucaipa head Ron Burkle made clear, would not be passive. "He's invaluable," said Burkle, explaining that Clinton would help raise money and offer investment advice to the funds. But a venture that was supposed to help minority businesses and secure the future of pensioners in two of America's biggest states seems to have done anything but.

Apparently, the infamous skirtchasers Ron Burkle (freshly and bitterly divorced "Democrats Billionaire," as Forbes magazine branded him in a cover profile in 2006 December 11 issue) and Bill Clinton are mo longer BFFs and...

... Ron Burkle, Billionaire Creep, Owes Bill Clinton Money - Gawker, by Alex Pareene, 2010 March 30 (Warning: Language throughout the article!)

< snip > ..... But Ron Burkle apparently owes Bill Clinton $20 million, or maybe $25 million. And now Burkle is saying undermining things to the press, and his spokespeople are being kind of nasty. And Bill, though his power is diminished in this age of Nobama, can still pretty much put a stop to Ron's Democratic fundraiser bigwig status, and make him toxic to the other billionaires who jet around pretending to save the world. .....

Tell that to the employees of Aloha Airlines. The fund is backing a $100 million deal to take over the airline - but it has attached some very tight strings: It's making the deal contingent upon terminating the pilots' pension plan and contract. Yet the federal Pension Benefit Guaranty Corp. says the pension plan is not the problem; the airline can readily afford it. Pilots responded with a strike.

The rest of the Aloha Airlines story is pretty sad:

Yucaipa took over Aloha Airlines in 2006; in 2008 Aloha shut down business and filed for bankruptcy after high fuel prices, competition, and dwindling support from investors caught up with it. Through Aloha buyout Yucaipa also "inherited" a lawsuit filed by Aloha Airlines against then-competitor Mesa Air Group (which started operating its "go!" fleet in Hawaii in 2006) - the lawsuit accused Mesa of using confidential business information about Aloha and unfair competition. The parties settled the lawsuit and, as part of the agreement, Mesa agreed to pay Yucaipa more than $6 million over 10 years for the right to use Aloha name instead of "go!". Also as part of the sale, Yucaipa would receive a minority stake in Mesa Air, however, a bankruptcy judge invalidated the sale of the Aloha brand and logo because the sale was not held publicly and may not have been in the best interest of shareholders. Mesa, facing tough times because of skyrocketing fuel costs, lower than normal consumer demand, increased competition and string of quarterly losses in 2008 and 2009 filed for Chapter 11 bankruptcy in January 2010.

The Aloha Airlines story is pretty sad: Yucaipa took over in 2006; in 2008 Aloha shut down and filed for bankruptcy after high fuel prices, competition, and dwindling support from investors caught up with it. Through the Aloha buyout Yucaipa "inherited" a lawsuit filed by Aloha Airlines against then-competitor Mesa Air Group (which started operating its "go!" fleet in Hawaii in 2006)....
......the lawsuit accused Mesa of using confidential business information about Aloha and unfair competition. The parties settled the lawsuit and, as part of the agreement, Mesa agreed to pay Yucaipa more than $6 million over 10 years for the right to use Aloha name instead of "go!".

Also as part of the sale, Yucaipa would receive a minority stake in Mesa Air, however, a bankruptcy judge invalidated the sale of the Aloha brand and logo because the sale was not held publicly and may not have been in the best interest of shareholders. Mesa, facing tough times because of skyrocketing fuel costs, lower than normal consumer demand, increased competition and string of quarterly losses in 2008 and 2009 filed for Chapter 11 bankruptcy in January 2010.

Yummy-----I just LOVE getting good news about Dem hot shots (/snix).

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.