Posted on 01/04/2009 10:15:03 AM PST by MeanGreen2008
OBAMA-BUST: Bill Richardson will withdraw as Commerce secretary... Developing...
Interesting, I wonder who will be next...
R O F L ................... ;-{0
We all knew this kind of crap was going to happen with this bought and paid for fraud. That it is happening before he even takes office would be funny if it weren’t so seriously sickening.
Yep. I'm going to put up a post with excerpts shortly. With King Bill hanging around, he'll be out to get the "back stabbers."
LOL...he’s now officially the Undocumented Secretary of Commerce.
Actually, he can consider himself lucky.
Woohoo ... you’ve got ESPN ... ;)
Well Obama’s SEC Director appointed Bernie Madoff’s son to a regulatory position!!!
http://www.nbc.com/Saturday_Night_Live/video/clips/halloween-party/229116/
I was stunned, too.
~~~
Carville predicts scandals to overshadow Democrats, Obama
http://www.freerepublic.com/focus/f-news/2158221/posts
“I firmly believe that there are streaks, and that political scandals happen in clusters,” Carville said, in a posting on CNN.com.
Holy crap! What’s up?
?? huh??
I think you’re referring to the former SEC official who married Madoff’s niece. It does smell, but so far as we know right now he may not have had any relationship with her while he was on the case — though it does raise another kind of corruption, going easy on a company you are supposed to investigate b/c you want to bang the “compliance lawyer” for that company. That does seem to be how he met her, but it doesn’t seem to have anything to do with the Obama admin. so far as I know.
http://abcnews.go.com/Blotter/WallStreet/story?id=6471863&page=1
“A top Securities and Exchange Commission compliance official who worked for the SEC when it found no problems at Bernard Madoff’s firm in 2005, later began to date and married Madoff’s niece, who was a compliance lawyer for the company.”
A donor’s gift soon followed Clinton’s help
By Charlie Savage Published: January 4, 2009
WASHINGTON: A developer in New York state donated $100,000 to former President Bill Clinton’s foundation in November 2004, around the same time that Senator Hillary Rodham Clinton helped secure millions of dollars in federal assistance for the businessman’s mall project.
Free Blago!
At least Blago is out in the open about his wheeling and dealing...Blag is SHOCKED that everyone thinks NO ONE in chicago or DC ( on both sides) doesn’t wheel or deal!
We need a FREE BLAGO DEFENSE FUND now!
m#########ing b#####es !! (ha....love that version!)
I agree!
Pounding Bush and tying his hands for 8 M######g years was disgusting! At least Bush slammed back on Terrorism as hard as he could, and even THAT was a F...g struggle!
Whoa Nellie
He can be in all the scandals he wishes in NM. People there are still for him.
But hey, quick googling of CDR Financial Products (formerly Chambers, Dunhill, Rubin) uncovers intriguing information.
Bloomberg article on David Rubin from November, 2006
CDR specializes in helping municipalities invest the proceeds of municipal bond sales and arranging derivatives, often complex transactions whose value varies with the price of underlying securities or indexes.
CDR, which has advised local governments on more than $17 billion of derivatives since 2003, is being investigated by the IRS for possibly profiting from deals at the expense of U.S. taxpayers. According to IRS letters obtained from the cities of Atlanta and Fargo, North Dakota, and an internal memo from the state of Wisconsin, CDR may have colluded with Bank of America Corp., Bear Stearns Cos. and other companies to make improper fees by selling municipalities unneeded contracts or mispricing investment deals.
New Mexico is another place that's been lucrative for CDR. In October 2003, Rubin gave $25,000 to Moving America Forward Inc., a PAC formed by Governor Bill Richardson. Seven months later, CDR gave $75,000 to ¡Si Se Puede! Boston 2004 Inc., Spanish for Yes, We Can, another Richardson PAC. That PAC was formed to help pay expenses for his campaign staff at the 2004 Democratic National Convention in Boston.
Between the timing of those contributions, CDR made $951,566 advising the New Mexico Finance Authority on $420 million of interest rate swaps. Jon Goldstein, a spokesman for Richardson, says the governor had no role in CDR's selection.
The fees New Mexico paid CDR were more than double the $400,000 that New York City paid to its derivatives adviser, Investment Management Advisory Group Inc., in 2004. That year, New York City executed $900 million of the contracts.
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