Free Republic
Browse · Search
Topics · Post Article

Skip to comments.

Thank you Rush and Roy Spencer for making CCX Expose Possible [vanity vanity vanity -- OK? vanity]

Posted on 05/02/2010 11:04:10 AM PDT by Arthur Wildfire! March

Vanity alert. I repeat, vanity alert. OK then ...

I would like to thank Rush Limbaugh and Roy Spencer for paving the way for the CCX Expose.

While Glenn Beck has done a tremendous job, it was the pioneer critics [along with many FReepers] who first exposed the global warming hoax. If not for Limbaugh, Roy Spencer, and many others, CCX would be a heroic champion sparing the fragile planet from catching fire.

I doubt anyone would have bothered to leak the Climategate emails if not for outspoken critics and the Oregon Petition.

CCX, the wonderful Captain Planet of Corporations, would have been earning 100 trillion dollars in ten years, and being praised for it the entire time.

[Summary of CCX coming up.]

TOPICS: Chit/Chat
KEYWORDS: ccx; climategate; globalwarming; globalwarminghoax
Navigation: use the links below to view more comments.
first 1-5051-54 next last

1 posted on 05/02/2010 11:04:10 AM PDT by Arthur Wildfire! March
[ Post Reply | Private Reply | View Replies]

To: All

CCX is so major that I changed my tagline:
Obama’s CCX air selling scam: $100 trillion in 10 years.

Richard Sandor [CCX founder]: with Cap & Tax, CCX could profit by “$10 trillion a year”. EVERY year. Money that would be drained from our economy to produce nothing. Big money leftists took Sandor seriously enough to invest trillions in his CCX scheme. Al Gore’s GIM pumped in a trillion. Goldman Sachs bought up the same amount of shares. And Obama’s Joyce Foundation got the ball rolling with start-up money. Fraudster Extraordinaire, Franklin Raines [of Fannie Meltdown Fame], also wormed his way into this air selling scam with his secret weapon: Scott Lesmes.

CCX sells air [CO2 ‘carbon offset’ credits]. If you don’t realize by now what a scam that is, you have a little catching up to do. Check out the key word, ‘climategate’.

What about President 0? He was on the Board with the Joyce Foundation, along with top 0 adviser, Valerie Jarrett [she still sits on the Board]. According to Glenn Beck, it was Barack Obama who “secured the initial funding” for CCX [while seated at Joyce]. The Joyce Foundation sent start-up grants to CCX. [Joyce is huge — it also funds the Soros TIDES Foundation.] President 0 was in it from the get-go.

Beck regarding Joyce: “Think of it as a place where uber-rich and powerful liberals like to dump their money into, so the cash can be spread around to their pet projects without a direct link.”

Al Gore’s GIM wanted in. [Generation Investment Management]. They pumped a trillion bucks into CCX. [But that only makes them #5. Four other investors heaped even more into this scheme. But this ties in some other Sachs cronies: David Blood, Mark Ferguson, and Peter Harris.]

Through Joyce, Team B.O. also sneaked cash over to the brother of unrepentant Bomb Terrorist, Ayers. That on its face is sleazy as sin. Bill Ayers said he didn’t do enough. He tried to murder women of military officers, he incited a riot, he tried to murder all kinds of people with bombs [and yes, his terror group — the Weathermen — did succeed in murdering innocent victims]. But after thousands of professors, school teachers, and the like signed a petition of solidarity with their beloved terrorist, Ayers recently tried to claim that his bomb-terror group was not terrorist. [But I digress. Back to CCX.]

Glenn Beck bemoaned an under-reported piece by the Financial Times: U.S. is preparing to pivot from domestic regulatory reform to push for a tough new international capital regime. That’s what this is really all about. These big time con men want to nail down election-proof profits and power. For decades, they fear mongered, first with dire warnings of an ice age, and then with false prophesies about “global warming”. But they need to move quickly. The Climategate Scandal, combined with the cold winter, have been ripping their hard work to shreds. The internet is revolutionizing mass communication. Every laptop has the potential to be a small newspaper unto itself, what Colonials called a “printing press”, but on steroids beyond the wildest fancies of our Founding Fathers.

If the global con men fail now, they know the gravy train is over.

So our “champion of morality”, Senator Chris Dodd, seeks to meet out vengeance on Wall Street. [Forget the fact that he’s being hounded into retirement by his scandal ridden past — he’s a righteous crusader — got it?]

Sen. Chris Dodd, D-Conn.: “Here we are, 17 months after someone broke into our house in effect and robbed us ... and we still haven’t changed the locks on the doors.”

Glenn Beck’s response: “You’re right, Chris: You have to change those locks. But the other thing to make sure of is that the people you are calling to change the locks aren’t the same ones who were involved with the robbery in the first place.” [Never forget the role democrats played in preserving the Fannie/Freddie debt scam. Chris Dodd was key in that.]

Beck went on to describe G. Sachs infiltration of the government. Sachs is everywhere in D.C., including the Obama Administration. [1] That’s how they make the big bucks, not by improving goods and services, not by inventing anything, but by gaming the government. That’s where you find the easy money.

The Sachs show-trials are just another con. Sure, President 0 might throw them under the bus [a guy who won’t give his Hut-Sweet-Hut brother $20 or a welcome mat — he has ice water in his veins], but don’t be fooled — B.O.’s been part of this sleazy wheeler-dealer machine for years.

And you can bet your bottom dollar, if there’s a scam to sell air for $10 trillion a year [assuming we get Crap & Tax], G. Sachs wants in. Sachs itself owns 10% of the CCX air-selling scam [kind of like an infernal tithe].

Beck went on to remind us that small-time Enron also lobbied “heavily” for crap & tax.

Barack Obama: “Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.”

Isn’t that wonderful? Force us to buy air, force us to curb energy consumption, and turn us into a bunch of pathetic peons while Obama and his cronies get stinking rich. Why? In the name of “Global Warming”. Do it for the drowning polar bears.

And by the way, if you want to see green energy implemented, take a look at Spain. They tried it. Green jobs is a disaster. For every green job you create, you lose two real jobs.

Glenn Beck: “ ... as Time unwittingly described the creation of Chicago Climate Exchange, it ‘creates something out of nothing.’ There is no value behind the market.”

And don’t forget — Joyce gave money to John Ayers, brother of President 0’s terrorist-buddy. Bill Ayers reportedly ghost-wrote a book for Obama, just to show how tight those two are. [2]

For CCX to be a monopoly, it needs a patented invention. The CO2 measuring device was developed by CEO Carlton Bartels. He was killed by the 9-11 attacks [may he rest in carbon pieces], and his widow sold the invention to Franklin Raines [whose Fannie accounting fraud helped pave the way for our economic meltdown]. As Fannie CEO, he had a fat leftist piggy bank to speculate in something like this.

Beck: “The patent was eventually approved by the U.S. Patent and Trade Office on Nov. 7, 2006 — coincidentally the day after Democrats took control of Congress. ... So now, Fannie Mae, who is congressionally mandated to ‘make housing more affordable,’ is poised to reap billions on a system that has nothing to do with housing except for that it would make housing costs go up. That’s great. Remember when Fannie purchased risky mortgages from banks, bundled them together and sold to investors as mortgage-backed securities? And then the housing market was absolutely destroyed? Well, former Fannie VP Scott Lesmes was responsible for that bundling. Well, here’s the good news: Not only will this new carbon trading ‘system’ try the exact same bundling method (except with air); they are using the exact same guy: Scott Lesmes.”

[1] Partial List of Goldman Sachs power brokers in D.C.:
William C. Dudley [president of the Federal Reserve Bank of NY, fmr. partner and managing director at G. Sachs.]
Gary Gensler [chair of Commodity Futures Trading Commission; 18 years w. G. Sachs]
Mark Patterson [chief of staff to Tim Geithner; fmr. G. Sachs lobbyist]
Philip Murphy [ambassador to Germany nominee; fmr. G. Sachs exec.]
Diana Farrell [deputy director of National Economic Council; past w. G. Sachs]
Emil Michael [White House fellow; fmr. investment banker w. G. Sachs]

[2] Note the exhaustive reports by Jack Cashill regarding Bill Ayers, Obama, and Dreams.

Research info: Sachs-Joyce-Foundation-CCX-partners-to-fleece-USA

2 posted on 05/02/2010 11:05:34 AM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Arthur Wildfire! March

Franklin Raines bought the “patent?” He is the biggest POS.

3 posted on 05/02/2010 11:10:53 AM PDT by Frantzie (McCain=Obama's friend. McCain & Graham = La Raza's favorite Senators)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Frantzie

Amen to that, and please note that his Fannie bundler is now bundling for CCX.

4 posted on 05/02/2010 11:12:21 AM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Arthur Wildfire! March

BUMP for CCX scam!

5 posted on 05/02/2010 11:13:55 AM PDT by newfreep (Palin/DeMint 2012 - Bolton: Secy of State)
[ Post Reply | Private Reply | To 2 | View Replies]

To: newfreep

Thank you for bump! Bumping back with Ayers research:

6 posted on 05/02/2010 11:15:07 AM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: newfreep


7 posted on 05/02/2010 11:21:12 AM PDT by GeronL ( << Get your science fiction and fiction test marketed)
[ Post Reply | Private Reply | To 5 | View Replies]

To: GeronL

I’ll see your bump and raise you. Bump, bump...

8 posted on 05/02/2010 11:31:26 AM PDT by redhead ("If you can't make them see the light, make them feel the heat." --Ronald W. Reagan)
[ Post Reply | Private Reply | To 7 | View Replies]

To: redhead

I’ll send you all my CCX pollution credits for another bump!


9 posted on 05/02/2010 11:50:56 AM PDT by GeronL ( << Get your science fiction and fiction test marketed)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Arthur Wildfire! March

Thank you for the link and years of work you have put into the Ayers link collection.

10 posted on 05/02/2010 12:39:21 PM PDT by nw_arizona_granny ( garden/survival/cooking/storage-
[ Post Reply | Private Reply | To 6 | View Replies]

To: nw_arizona_granny

Hey, nw_arizona_granny ... Arizona?

You might be interested in this ...

Hayworth vs. McCain — Primary Headline Roundup
[Over 280 posts/links]

11 posted on 05/02/2010 12:52:05 PM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: nw_arizona_granny; ETL

“Thank you for the link and years of work you have put into the Ayers link collection.”

Glad to, FRiend. Glad I had the time and FRiends to help. Ayers updates have slowed down lately of course. ETL is great when it comes to Ayers.

12 posted on 05/02/2010 12:53:36 PM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Arthur Wildfire! March

Beck is the man. He is the one who is actually risking his personal safety to expose the charlatans.

13 posted on 05/02/2010 1:40:20 PM PDT by Bigg Red (Palin/Hunter 2012 -- Bolton their Secretary of State)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Arthur Wildfire! March; maggief
Actually, hats should be off to maggief.

She uncovered the Chicago Climate Exchage - CCX and many of the connections way, way back on Saturday September 27, 2008 as well as naming names of the main players in Post #6 of that thread.

14 posted on 05/02/2010 1:48:37 PM PDT by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bigg Red

Beck is defininitely filling a vacuum here. But ALL talk radio hosts worth their salt are taking risks with the loony left ...

Chris Matthews Fantasizes About Killing Rush Limbaugh (Blast from Past)

15 posted on 05/02/2010 1:49:43 PM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Arthur Wildfire! March; maggief
The Free Republic posting from maggief is here.

16 posted on 05/02/2010 1:50:24 PM PDT by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: maggief; pyx

Amen to that! Maggief, I just now learned about this, although I might not have paid much attention prior to this Snowmageddon/Climategate winter.

Before that, I didn’t think people were ready to consider climate offsets as much of a hot scandal.

17 posted on 05/02/2010 1:53:26 PM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Arthur Wildfire! March

Thanks to everyone that is working to expose this fraud.

18 posted on 05/02/2010 2:25:42 PM PDT by Albertafriend
[ Post Reply | Private Reply | To 1 | View Replies]

To: Albertafriend

Ditto that!

19 posted on 05/02/2010 2:31:36 PM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Arthur Wildfire! March; steelyourfaith; NormsRevenge; Fred Nerks; blam; SunkenCiv; Grampa Dave; ...

Good stuff....

20 posted on 05/02/2010 2:42:44 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Arthur Wildfire! March; pyx

Thank you for the ping.

More here:

Joyce Foundation
Chicago Climate Exchange
Generation Investment Management
Al Gore
David W. Blood
Goldman Sachs
Hank Paulson
Maurice Strong

MUCH more here:


Generation Investment Management
People related to Generation Investment Management:
David W. Blood - co-founder & senior partner
L. John Doerr - advisory board member
Mark Ferguson - managing partner & CIO
Albert A. Gore Jr. - chairman
Peter Harris - managing partner & COO
Peter S. Knight - managing partner
Colin le Duc - managing partner
Miguel Nogales - managing partner
Other current Generation Investment Management relationships:
Ausra, Inc. - investor

Generation Investment Management

David W. Blood

Gender: Male

David W. Blood lives and/or works in
London, UK.
David W. Blood current relationships:
Acumen Fund - advisory council member
Generation Investment Management - co-founder & senior partner
Hamilton College - trustee
David W. Blood past relationships:
2008 Barack Obama presidential campaign - London fundraiser co-chair
Goldman Sachs Asset Management - CEO

21 posted on 05/02/2010 2:54:32 PM PDT by maggief (Not everything is what it seems.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Arthur Wildfire! March




22 posted on 05/02/2010 3:00:46 PM PDT by Quix (BLOKES who got us where we R:
[ Post Reply | Private Reply | To 1 | View Replies]

To: maggief

Thanks again!

23 posted on 05/02/2010 3:03:05 PM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Quix

Thank you, FRiend. Bumping back.

24 posted on 05/02/2010 3:05:59 PM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Arthur Wildfire! March

I too would like to thank Rush.

This is the epitome of the entrepreneurial spirit.

There is nothing like trading air!!

25 posted on 05/02/2010 3:06:15 PM PDT by blackie (Be Well~Be Armed~Be Safe~Molon Labe!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dr. Bogus Pachysandra; Ernest_at_the_Beach; Nipfan; Defendingliberty; 4horses+amule; ...
Glenn Beck TV Show:

h/t to Dr. Bogus Pachysandra for the following link :


Beam me to Planet Gore !

26 posted on 05/02/2010 3:08:43 PM PDT by steelyourfaith ("Let his days be few; and let another take his office. " - Psalm 109:8)
[ Post Reply | Private Reply | To 20 | View Replies]

To: blackie


27 posted on 05/02/2010 3:20:02 PM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Arthur Wildfire! March; pyx

(no link)

A market for pollution? - Pact to trade greenhouse-gas credits
The Washington Times - Tuesday, June 19, 2001
Author: Carter Dougherty, THE WASHINGTON TIMES
Twenty-five companies and nonprofit groups have agreed to join a groundbreaking program that will fashion a system for trading credits in greenhouse gases, the chief culprits in global warming.

The Chicago Climate Exchange - based in the city known for trading commodities such as wheat, corn and cattle - hope the project will become a model for the nation as the Bush administration grapples with solutions to the worldwide problem.

The voluntary plan “would represent a major step forward while an appropriate regulatory framework for greenhouse gases evolves,” said Paula DiPerna, president of the Joyce Foundation, which is financing the study.

Richard Sandor, a prominent Chicago businessman and academic who will lead the program, says there is a market for the products, even though the Bush administration has signalled a go-slow approach on global warming by refusing to sign the 1997 global-warming treaty negotiated in Kyoto, Japan.

“We’re looking at this like we would any other financial product,” Mr. Sandor said. “We’re agnostic about the overall issue of global warming.”

Mr. Sandor is also chief executive officer of Environmental Financial Products, a Chicago company that has developed other financial services in the environmental arena.

Citing Senate opposition and its own skepticism about the 1997 Kyoto treaty, the Bush administration announced earlier this year that the United States would not sign the pact and reneged on a campaign promise to regulate carbon dioxide, the gas scientists say is mainly responsible for global warming.

The administration is developing other options for combatting the problem, which Mr. Bush shared with European allies last week.

Advocates of the trading system for carbon dioxide believe the plan is the most market-oriented way to fight global warming. It would be modeled largely on a system started in 1990 to reduce emissions of sulfur dioxide and nitrogen, which cause acid rain.

The system - voluntary, at least for starters - would allocate credits to companies for a given amount of greenhouse-gas emissions. Businesses that develop new environmentally friendly technologies for reducing their output of carbon dioxide could then monetize their innovations by selling their credits to other companies.

The Chicago Climate Exchange plans a 12-month feasibility study. If it can get a consensus among the 25 participating organizations, companies then would voluntarily adopt caps on greenhouse-gas emissions and begin trading.

Participating companies include Dupont, International Paper, Ford Motor Co. and PG&E National Energy Group, a Bethesda company that operates electricity generators and pipeline facilities.



Daring to go where the U.S. government hasn’t, a group of industrial giants announced Thursday they will voluntarily reduce and trade greenhouse gas emissions, which are currently unregulated but linked to global warming.

The Chicago Climate Exchange , the first attempt in the U.S. to reduce greenhouse gases with a market-based solution, will allow participants to swap the right to pollute in a four-year pilot project.

The electronic trading scheme involves a baseline pollution limit—a certain number of tons of six greenhouse gases that each company can put into the air—and allows members that cut emissions below the baseline to sell credits to firms that can’t meet the mark.

The central idea behind the system, known as a cap and trade program, is not new. It is used worldwide and was employed by the Environmental Protection Agency beginning in 1990 to control sulfur dioxide levels. What makes the Chicago Climate Exchange unusual is that participation is strictly voluntary, and there is currently no government involvement.

The big industrial corporations include DuPont, Ford Motor Co., Motorola and American Electric Power—the largest power supplier and the largest emitter of carbon dioxide in the nation. They were joined by the City of Chicago and other companies, including Waste Management Inc. and Baxter International Inc.

Many joined for the chance to experiment with cost-effective ways of reducing emissions before they are forced to do so by future laws. Some overseas markets, including Europe, are developing a cap and trade system for greenhouse gases, as permitted by the Kyoto Protocol, to thwart climate change. Britain and Denmark are already trading on a small scale.

For some companies, who might be able to cut emissions and resell their credits at a higher price, the incentive is profit. Others said they want to show their shareholders, customers and investors that they are concerned about environmental issues.

“There’s a growing passion that markets lend themselves to solving social and environmental problems,” said Chicago Climate Exchange CEO Richard Sandor, a former economist with the Chicago Board of Trade, called by some the “father of financial futures.” “We all believe energy efficiency is good business. We’re trying to build and inform the debate to give companies a vehicle to test cut and trade.”


In a Senate hearing last week, Republican John McCain and Democrat Joe Lieberman called for a cap and trade system through a government-provided Greenhouse Gas Database, which would contain an inventory of emissions and a registry of reductions.



Exchange in pollution - credits formed
Chicago Sun-Times - Friday, January 17, 2003
Working to align market forces with social good, 13 major corporations and the city of Chicago agreed Thursday to support a new financial exchange dedicated to creating a market in pollution credits.

The Chicago Climate Exchange is a merger of environmentalism and free-market thinking. It would organize itself like the brazenly capitalist Chicago Board of Trade or the Chicago Mercantile Exchange, but with a long-term aim of helping companies curb emissions of greenhouse gases in a cost-effective way.

Companies that beat emissions standards could sell credits, recouping some costs to come into compliance with various governmental emission standards. Companies not meeting the standards must buy the credits, giving them an incentive to improve. Supply and demand would set the price.

The idea has been criticized as a way to give polluters a pass. But Richard Sandor, the exchange’s chairman and chief apostle, said it serves the planet by giving companies an incentive to reduce noxious emissions.

Sandor said his work on the concept over a dozen years stems from a “passion that markets can lend themselves to solving social and environmental problems.” It would expand a government-approved market for credits in sulphur dioxide emissions that Sandor said has become a $5 billion annual market and slashed emission levels. Sulphur dioxide is a culprit in acid rain.

The 14 original participants have agreed to a binding standard of reducing their greenhouse gas emissions 4 percent by 2006, 1 percent a year. Credits in six greenhouse gases will be traded, with most of the interest expected to be in carbon dioxide trading.


Also, data from the marketplace will help government officials determine what are reasonable standards for pollution levels, Zimmerman said.

The exchange is due to open in late spring. Trading will take place on a computer network and there will be no trading floor.

One reason it’s in Chicago is because the city is the home of no-nonsense markets in financial and agricultural futures and options, so there’s a base of people familiar with the concept of trading credits. Sandor said speculators will have access to the market and that the exchange will announce its software specifications shortly.

The city of Chicago signed on for more than moral support. City government itself will buy and sell the credits, a step that Mayor Daley’s top environmental officer said is justified because of its role as a waste generator and leading power consumer.

N. Marcia Jimenez, commissioner of the Department of Environment, said the exchange “has the potential to revolutionize how business is done” by making companies more aware of environmental responsibilities. She said the city draws 10 percent of its own energy from renewable resources and wants to double that share by 2006.

The voluntary nature of the exchange also was appealing, she said. “We have found voluntary commitment to do the right thing is what will last,” Jimenez said.

Trading will cover pollution credits that are valid in the United States, Canada and Mexico. Sandor said a limited trading link will be established with Brazil to provide a broader test of an international market.

Trading in pollution

Founding members of the Chicago Climate Exchange , a marketplace that tries to generate financial incentives for curbing greenhouse gas emissions:

American Electric Power

Baxter International Inc.

City of Chicago


Equity Office Properties Trust

Ford Motor Co.

International Paper

Manitoba Hydro

MeadWestvaco Corp.

Motorola Inc..


Stora Enso

Temple-Inland Inc.

Waste Management Inc.



28 posted on 05/02/2010 3:22:53 PM PDT by maggief (Not everything is what it seems.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Shermy; Arthur Wildfire! March; pyx; onyx; Liz; hoosiermama; STARWISE; SE Mom; penelopesire; ...

Ping to thread.

(no link)

Why Blood and Gore love cap-and-trade
Star-Ledger, The (Newark, NJ) - Sunday, July 5, 2009
If my e-mail is any indication, every conservative in New Jersey is angry with the three Republican congressmen from our state whose votes last week helped provide the winning margin for that cap-and-trade bill.

With good reason. It’s an awful bill. And I’ll give you two reasons: Blood and Gore.

No, I’m not talking about a horror movie, but there is a link to the cinema. Around the time Al Gore was putting together that movie about the horrors of global warming titled “An Inconvenient Truth,” he was also putting together a firm with a former Goldman - Sachs executive named David Blood . The firm, Generation Investment Management, recently bought a share of a company called Camco International Ltd., which trades in carbon credits.




Al Gore-backed investment firm buys 9.5 pct Camco Intl stake (carbon credits)
AFX ^ | June 4, 2008

Posted on Wednesday, June 04, 2008 7:51:32 PM by Shermy

LONDON (Thomson Financial) - Generation Investment Management, the private equity fund chaired by former U.S. vice president Al Gore, has acquired a 9.5 percent stake in Camco International Ltd, a carbon asset developer.

Generation, set up in 2004 by Gore and David Blood, former chief of Goldman Sachs’s asset management arm, now holds 16 million Camco shares, Camco said in a statement.

Camco, which has one of the world’s largest carbon credit portfolios, works with companies to identify and develop projects that reduce greenhouse gas emissions and then arranges the sale and delivery of carbon credits.
TOPICS: Business/Economy; Crime/Corruption; Extended News; News/Current Events; Click to Add Topic
KEYWORDS: algore; camco; ecoprofiteers; environment; enviroprofiteers; envirowhackos; goreenron; Click to Add Keyword
[ Report Abuse | Bookmark ]
Solutions to climate change

Camco is a leading carbon asset developer with one of the world’s largest carbon credit portfolios. We generate carbon credits by partnering with companies to identify, develop and manage projects that reduce greenhouse gas emissions. Camco then arranges the sale and delivery of carbon credits to international compliance buyers and into the voluntary market.

Camco is a market leader in China and Russia [!!!] - two of the largest potential markets for carbon credits - as well as in Eastern Europe and Africa. We are also developing projects and managing carbon emissions in North America, a significant market not currently covered by the Kyoto Protocol flexible mechanisms.

Our innovation, breadth of experience and diversity of expertise have resulted in a number of milestone projects and industry awards. Camco was voted Best Project Developer in a 2007 survey of carbon industry participants undertaken by Point Carbon. The Yangquan Coal Mine Methane (CMM) project, the world’s largest CMM project, was voted Carbon Transaction of the Year by Environmental Finance magazine.

How we deliver carbon credits

Origination Camco identifies and co-develops industrial projects that have the potential to reduce emissions. We are able to assist in raising finance, both through carbon asset financing, and innovative debt / equity structures.

Qualification Once financing is secured, Camco manages the project through the regulatory process. Camco has the expertise to develop new methodologies if required, and has successfully verified both compliance and voluntary market projects.

Structuring Camco is highly experienced in working with the project owner to advise on and develop the best possible structure for the deal. We have helped to structure some of the largest CDM projects developed to date.

Placement It is important to secure the best possible prices for our clients. We are uniquely positioned in the international carbon market to work on behalf of project owners, and have offices close to buyers in London, Europe and North America, and with strong links into Japan.

Asset management It is essential that projects achieve successful verifications and carbon credit issuance. Our experienced in-house technical team work closely with clients to ensure assets are delivered in a timely manner.


Camco May Accelerate Carbon-Credit Production in 2010, CEO Says
March 25, 2010,

By Ben Sills

March 25 (Bloomberg) — Camco International Ltd., the U.K. investor whose biggest shareholder is headed by Al Gore, expects its carbon-offset projects to generate at least 18 percent more credits this year.

That was Camco’s growth rate in 2009, when it earned United Nations-certified credits for 3.3 million metric tons of avoided carbon emissions, compared with 2.8 million tons in 2008.

“We’d expect a similar increase, if not higher for this year,” Chief Executive Officer Scott McGregor said yesterday in a telephone interview.

The UN panel that grants the securities, called Certified Emission Reduction credits, is aiming to assess projects more quickly after issuance fell for the first time last year and prompted complaints from investors.

Shafqat Kakakhel, a member of the executive board of the UN’s Clean Development Mechanism, this month forecast credit issuance will rise by about a fifth to about 150 million tons.

Camco has 50 projects waiting for approval from the UN with the potential to generate credits that represent as much as 30 million tons of avoided emissions through 2012, UN data on Bloomberg show.


Gore, the climate campaigner and former U.S. vice president, is chairman of Generation Investment Management LLP, Camco’s biggest shareholder with a 20 percent stake, according to Camco’s Web site.

29 posted on 05/02/2010 3:42:09 PM PDT by maggief (Not everything is what it seems.)
[ Post Reply | Private Reply | To 28 | View Replies]

Spotlight on Gore ‘s Dual Role As an Advocate and Investor
New York Times, The (NY) - Tuesday, November 3, 2009
Abstract: Al Gore finds himself in position of having to defend decision to invest, through his venture capital firm Kleiner Perkins Caufield & Byers, in Silver Spring Networks, which produces hardware and software to make electricity grid more efficient; Gore and his partners invested $75 million in Silver Spring, which wanted to expand its partnerships with utilities seeking to install millions of smart meters in home and businesses; deal appears to have paid off now that Energy Dept has announced $3.4 billion in smart grid grants, with $560 million going to Silver Spring; Gore and his partners could reap great returns from investment and he is defending that investment against critics who say he stood to benefit personally from energy and climate policies he urged Congress to adopt; Gore contends his investmenet activities are consistent with his public advocacy; photo (M)


He is a founder of Generation Investment Management, based in London and run by David Blood, a former head of Goldman Sachs Asset Management (the firm was quickly dubbed Blood and Gore ). Mr. Gore earns a partner’s salary at Kleiner Perkins. He has substantial personal finances invested at both firms, officials of the companies said.

He also serves as an adviser to high-profile technology companies including Apple and Google, relationships that have paid him handsome dividends over the last eight years.

Mr. Gore ‘s spokeswoman would not give a figure for his current net worth, but the scale of his wealth is evident in a single investment of $35 million in Capricorn Investment Group, a private equity fund started by his friend Jeffrey Skoll, the first president of eBay.

Ion Yadigaroglu, a co-founder of Capricorn, said that Mr. Gore does not sit on the fund’s investment committee, but obviously agrees with the partners’ strategy of putting long-term money into promising ventures in energy, technology and health care around the globe.

“Aspirationally,” said Mr. Yadigaroglu, who holds a doctorate from Stanford in astrophysics, “we’re trying to make more money than others doing the same thing and do it in a way that is superior in ethics and impacts.”

Mr. Gore has said he invested in partnerships and funds that try to identify and support companies that are advancing cutting-edge green technologies and are paving the way toward a low-carbon economy.

He has a stake in the world’s pre-eminent carbon credit trading market and in an array of companies in bio-fuels, sustainable fish farming, electric vehicles and solar power.

Capricorn holds a major stake in Falcon Waterfree Technologies, the world’s leading maker of waterless urinals. Generation has holdings in Ausra, a solar energy company based in California, and Camco , a British firm that develops carbon dioxide emissions reduction projects. Kleiner Perkins has a green ventures fund with nearly $1 billion invested in renewable energy and efficiency concerns.

Mr. Gore also has substantial interests in technology, media and biotechnology ventures that have no direct tie to his environmental advocacy, an aide said.



Al Gore could become world’s first carbon billionaire

Last year Mr Gore’s venture capital firm loaned a small California firm $75m to develop energy-saving technology.

The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient.

The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants, the New York Times reports. Of the total, more than $560 million went to utilities with which Silver Spring has contracts.

The move means that venture capital company Kleiner Perkins and its partners, including Mr Gore, could recoup their investment many times over in coming years.


Former Secretary Colin Powell Named Strategic Limited Partner at Kleiner Perkins Caufield & Byers

MENLO PARK, Calif. — Kleiner Perkins Caufield & Byers KPCB — an innovator in providing venture and relationship capitalSM services to entrepreneurs — announced former Secretary of State Colin Powell has become a KPCB strategic limited partner.

30 posted on 05/02/2010 3:48:49 PM PDT by maggief (Not everything is what it seems.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: maggief

bastards bump

31 posted on 05/02/2010 4:22:42 PM PDT by onyx (Sarah/Michele 2012)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Calpernia

Chicago Climate Exchange Names Founding Members
Chicago Climate Exchange and Joyce Foundation via Washington Post ^ | 1.17.2003 | Chicago Climate Exchange

Posted on Saturday, September 20, 2008 8:22:37 AM by Calpernia

Excerpt of first source:

Chicago Climate Exchange Names Founding Members

Leaders from Automotive, Chemical, Commercial Real Estate, Environmental Services,Electric Power Generation, Electronics, Forest Products, Municipal, Pharmaceutical and Semiconductor Sectors to join North American Voluntary Private Sector Program to Reduce and Trade Greenhouse Gases

(CSRwire) CHICAGO,IL - Efforts to develop market-based solutions to global warming reach a milestone today as leading U.S. and international companies and the City of Chicago announce they will be the Founding Members of Chicago Climate Exchange (CCX®), a voluntary cap-and-trade program for reducing and trading greenhouse gas emissions. In an unprecedented voluntary action, these entities have made a legally binding commitment to reduce their emissions of greenhouse gases by four percent below the average of their 1998-2001 baseline by 2006, the last year of the pilot program.

The founding members of CCX include American Electric Power (AEP), Baxter International Inc., the City of Chicago, DuPont, Equity Office Properties Trust, Ford Motor Company, International Paper, Manitoba Hydro, MeadWestvaco Corporation, Motorola, Inc., STMicroelectronics, Stora Enso North America, Temple-Inland Inc. and Waste Management,Inc.


CCX will administer this pilot program for emission sources, farm and forest carbon sinks, offset projects and liquidity providers in North America. To foster international emissions trading, offset providers in Brazil can also participate. The development of CCX resulted from feasibility and design studies that were funded by grants from the Chicago-based Joyce Foundation and administered by Northwestern University’s Kellogg Graduate School of Management. Environmental Financial Products, LLC conducted the research and development effort.

Excerpt of second source:

The Joyce Foundation’s Annual Reports list Barack Obama as one of the 12 members of the Board of Directors from 1998 until 2001.

Barack Hussein Obama Biography Excerpt:

Experience Businesses Owned, Past Careers, Board Memberships, Etc.:

Center for Neighborhood and Technology
Chicago Annenberg Challenge
Cook County Bar
Cook County Bar Association Community Law Project
Board Member, Joyce Foundation
Lawyer’s Committee for Civil Rights Under the Law
Leadership for Quality Education
Member, Trinity United Church of Christ
Board Member, Woods Fund of Chicago

NJ Gov. Jon Corzine, Hot Air, Obama and You

NJ Gov. Jon Corzine is working Barack Hussein Obama’s campaign. Word is Corzine is promised a high level position in the Treasury in an Obama Presidency. Corzine was former CEO of Goldman Sachs. A NJ local News Source said that Corzine told Merrill Lynch and his Wall Street buddies that this financial crash will be fixed in an Obama admnistration. No details on how though. Merrill Lynch has offices in NJ and it seems they are very worried.

Maurice Strong is involved with Chicago’s Climate Exchange. Al Gore is chairman of a private equity firm called Generation Investment Management. That firm invests money from institutions and wealthy investors in companies that are going green. Generation Investment Management purchases carbon dioxide offsets. The co-founder of Generation Investment Management is former Goldman Sachs CEO Hank Paulson, who is currently the Secretary of the U.S. Treasury. Goldman Sachs bought 10% of Chicago’s Climate Exchange shares for $23 million. Chicago’s Climate Exchange owns half of the European Climate Exchange, Europe’s largest carbon trading company.

Maurice Strong: Chicago Climate Exchange’s board member. Canadian Maurice Strong has made a career and a fortune out of financial rip-offs. Strong served on the board of the International Union for the Conservation of Nature (World Conservation Union) and was an advisor to the UN’s Kofi Annan. Among many other things, he was the first Executive Director of the United Nations Environment Program in the 1970’s and Secretary General of the 1992 UN Conference on Environment and Development, also known as the Earth Summit.

Goldman Sachs: The largest shareholder of the Chicago Climate Exchange and the second largest shareholder of the InterContinental Exchange. In fact, Goldman Sachs put Al Gore into the carbon offset hedge fund business in 2003 when David Blood, a former CEO of Goldman Sachs Assets Management, along with two other former Goldman Sachs officers, helped Gore establish his firm, General Investment Management, which focuses on “Sustainable Investing” by peddling carbon offsets.

Jon Corzine: He is now the Governor of NJ. He retired from Goldman Sachs in 1999 after taking the firm public and receiving at least $320 million worth of its stock. He ran for the Senate in New Jersey in 2000, spending more than $60 million of his fortune to win the seat. The bubble of high-priced technology stocks began to burst in March 2000. In August 2000, the SEC issued a warning against aftermarket sales, also known as “laddering.” “I’ve never even heard the term ‘laddering’ before,” Corzine said.

However, Nicholas Maier of Cramer & Co. said it happened on Corzine’s watch. “For Corzine not to know of a common practice being utilized to generate and manipulate stock prices would be surprising,” Mr. Maier said. “He was obviously there during this time. I definitively saw his company engaged in illegal activity. They (the SEC) expressed to me that laddering is a trickier thing [to prove],” Maier said. “I will say it. They did it. They laddered. Whether the SEC can construct a case is a different story.”

Al Gore: Owns a carbon trading business, Generation Investment Management. They were banked with the Lehman Bros. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist.

Merrill Lynch: Deeply involved in the Carbon trading business. They are a founding member and primary sponsor of the U.K.-based Carbon Disclosure Project. Merrill Lynch is headed by John A Thain who is a Goldman Sachs alumni.

Lehman Brothers: Created a propaganda piece last year about climate change to make their investors keep getting high profits from the Kyoto carbon trade scheme and the support of huge public subventions. All that, of course, with the applause of the usual choir of politicians, the entire media and the Greens.

A year ago they couldn’t predict their bankruptcy but were predicting the climate 100 years ahead. Thousands of green militants have been using the Lehman report as a proof of global warming and impending chaos. The report is the basis for policies on climate change in Spain, Argentina and several other countries playing the progress game.

Chicago Climate Exchange: The Exchange owes it existence in part to the Joyce Foundation, the Chicago-based liberal foundation philanthropy that provided $347,000 in grant support in 2000 for a preliminary study to test the viability of a market in carbon credits. On the CCX board of directors is the ubiquitous Maurice Strong, a Canadian industrialist and diplomat who since the 1970s has helped create an international policy agenda for the environmentalist movement.

Joyce Foundation: Provided grant support to test the market in carbon credits. Barack Hussein Obama sat on their Board from 1998 until 2001.

32 posted on 05/02/2010 4:23:09 PM PDT by maggief (Not everything is what it seems.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Arthur Wildfire! March; maggief
Excellent work.

Thank You.

33 posted on 05/02/2010 4:33:34 PM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: Arthur Wildfire! March
Vanity alert. I repeat, vanity alert.

10/4 and rodger that Alpha Whiskey Mike........!

Maintain conver and await assistance from rescue force Uniform Alpha November............

34 posted on 05/02/2010 4:34:57 PM PDT by Hot Tabasco (Peanut butter was just peanut butter until I found Free Republic.........)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ernest_at_the_Beach

Well you know what they say... the criminal mind is always superior. One must figure out how to make easy money. No real labor involved. It is interesting to say the least at how so many committed socialist/outright commies are involved in making so much money.

35 posted on 05/02/2010 7:08:09 PM PDT by Marine_Uncle (Honor must be earned....)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Nipfan


36 posted on 05/02/2010 7:44:19 PM PDT by Nipfan (The desire to save humanity is always a false front for the urge to rule it - H L Mencken)
[ Post Reply | Private Reply | To 35 | View Replies]

Comment #37 Removed by Moderator

To: Arthur Wildfire! March; ETL

Glad I had the time and FRiends to help. Ayers updates have slowed down lately of course. ETL is great when it comes to Ayers.<<<

Yes, I keep an eye out for ETL’s posts, they are indeed full of information.

I thank you both.

38 posted on 05/02/2010 7:54:41 PM PDT by nw_arizona_granny ( garden/survival/cooking/storage-
[ Post Reply | Private Reply | To 12 | View Replies]

To: Arthur Wildfire! March

Hayworth vs. McCain — Primary Headline Roundup
[Over 280 posts/links]<<<

Excellent, thank you for the information for of course I intend to support Hayworth.

If you are still pinging to it, please add me to your list.

Yes, I am in Arizona, near Kingman.

39 posted on 05/02/2010 7:57:02 PM PDT by nw_arizona_granny ( garden/survival/cooking/storage-
[ Post Reply | Private Reply | To 11 | View Replies]

To: milford421; Velveeta; WestCoastGal; PGalt; Rushmore Rocks

I knew I had spelled it wrong, it is CCX.

40 posted on 05/03/2010 1:09:47 AM PDT by nw_arizona_granny ( garden/survival/cooking/storage-
[ Post Reply | Private Reply | To 1 | View Replies]

To: blackie; Ernest_at_the_Beach

And thank you, Ernest, and your ping members, for your relentless research on global warming.

41 posted on 05/03/2010 4:22:33 AM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: maggief

Great work. I’m linking your research to my profile and will link to it from Monster Ping. FRegards ....

42 posted on 05/03/2010 4:42:37 AM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: maggief

Mind if I call you “Champ”?

43 posted on 05/03/2010 4:43:27 AM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: Hot Tabasco

All is vanity!

44 posted on 05/03/2010 4:49:08 AM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 34 | View Replies]

To: nw_arizona_granny; Arthur Wildfire! March; maggief; All

Thanks for the ping granny. Thank you both for OUTSTANDING information. Thanks to all posters.


45 posted on 05/03/2010 4:54:15 AM PDT by PGalt
[ Post Reply | Private Reply | To 40 | View Replies]

To: maggief; Arthur Wildfire! March; CutePuppy
Jon Corzine ex-Gov of NJ was forced out of Goldman Sachs in 1999 after taking the firm public and receiving some $320 million worth of its stock. He soent more that $125 million of his own money to buy a US Senate seat and the governorship. His $35 million bid for reelection failed. Corzine was accused of "laddering" (sure-thing aftermarket sales) but the G/S head pleaded ignorance of the practice.

Some politicians choose a “blind trust” to shield them from any knowledge of their assets. But Corzine put J. Christopher Flowers, a former associate from Goldman Sachs, in charge of his financial portfolio.

HOW CORZINE PROFITED FROM PUBLIC OFFICE Principles of Jon's so-called "blind trust" led the lucrative takeover of the troubled Japanese Shinesi bank. Then-US Sen Corzine used the power of his office to approve a tax treaty providing a special exemption from Japanese taxes on investment profits. Braindead Corzine said he was **not aware** of and did not **benefit** from the special provision.

(Waiting for hysterical laughter to die down)

THE SHINESI DEAL UP CLOSE Nancy Martori Dunlap, Esq, is Corzio's hand-picked trustee overseeing his vast assets, including his "blind trust." Dunlap and James I. Black, Esq, execute financial decisions made by Corzine's pal----Wall Street's J. Christopher Flowers-----the man who decides where to invest Corzine's fortune--Flowers is the man who led the Shinesi Bank takeover. He and Jonny made a bundle of money.

Corzine’s private investment apparat:
JSC Investments (registered in supersecret Delaware as he pursued public office)
JSC Investments Officers:
Nancy Matori Dunlap, Esq
Jib Black, Officer, Esq
J. Christopher Flowers (makes investments for Corzine--led the Shinesi Bank deal)

Jon S Corzine Foundation
1 Gateway Center Suite 1102
Newark, NJ 07102
PHONE: 212-558-3948
Address used for Corzine election TV ads.

Hercules Partners LLC
Same address as Jon S Corzine Foundation
Gov Corzine/Treasry Secy Abelow‘s investment vehicle--disbanded b/c the Wall Street geniuses did not know it was illegal for state officials to partner.

Corzine registered these investment vehicles as he pursued public office:
JSC Investments (Corzine registered Nov 1999 w/ Delaware Division of Corporations)
Wiley's (Corzine registered Aug 2002 w/ Delaware Div of Corp)
East Beach (Corzine registered Oct 2004 w/ Delaware Div of Corp)

Corzine's TPG-Axon hedge fund was launched Feb 2005 as a $2.8 billion joint venture between TPG and Dinakar Singh, a former G/S trader who worked under Corzine.


Here's how the G/S Wall Street predators operate:

COMING TO A TOWN NEAR YOU Mother Jones magazine circa Feb 2007 reported on the activities of Mark Florian, Chief Operating Officer of Goldman Sachs' municipal finance division. According to the report, Florian was traveling to statehouses across the US to convince state officials that selling state assets would be "mutually beneficial." One of the scams involved "monetizing state roads. NOTE WELL: Monetizing means G/S bonding (AKA taxpayer debt)----which earns $billions for G/S til the end of time.

Then-NJ Gov Corzine (ex-Goldman head) stationed Goldman Sachs functionaries in state government as the issue of road monetization surfaced. Corzine hired four G/S buddies, including G/S alumnus Bradley Abelow as state Treasurer. Corzine took a road show across the state to sell the monetization deal. However, monetizing NJ roads hit a large pothole and collapsed like a flat tire---b/c taxpayers were onto the G/S bonding-debt scam.


REFERENCE Goldman Sachs opened an office in Princeton NJ 2006 when Corzine was elected governor (the better to loot the NJ Treasury).

Goldman Sachs Hedge Fund Partners
701 Mount Lucas Rd
Princeton, NJ 08540-1911

G/S Hedge Fund Partners advertises it has $2 billion and seeks investments in traditional infrastructure sectors including transport infrastructure such as "monetizing" toll roads, airports and ports as well as "monetizing" regulated gas, water and electrical utilities.

46 posted on 05/03/2010 5:30:34 AM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
[ Post Reply | Private Reply | To 32 | View Replies]

To: All
The Joyce Foundation facilitating the global warming/cap and trade scam is also a major enabler of the ANTI-Gun lobby, and many other left wing causes.


Can the Joyce Foundation produce records on how they spent tax-exempt money? Oh, nevermind. The IRS, SEC, FBI, Congressman Issa, Sen Grassley, and the GAO can find out (/snix).


REFERENCE: the IRS has targeted "foundations" as the locus classic for money laundering and tax evasion. The biggest foundation fraud is one tax-exempt writing checks to another tax-exempt---the way these crooks siphon off tax-free money for themselves......... and perhaps for politicans like Obaba.

Common tax-exempt insider transactions involve:

(1) loans, the (2) sale, (3) exchange or (4) leasing of property to non-profit officers and others;

Falsified reporting of "excess benefit transactions" and executive pay on the official Form 990.

And infamous tax-exempt scheme siphoned off mmillions through fraudulent accounting entries for “administrative fees” and for “maintenance fees” that were paid to phantom recipients, then illegally converted, and laundered.


L/E should scrutinize this foundation, and might consider:

(a) conspiracy to defraud the IRS, and evade US banking laws,

(b) international money laundering,

(c) conspiracy to commit money laundering, and,

(d) aiding and abetting the preparation of false federal/state income tax returns.

Authorities might examine the tax-exempt's receipts to falsely verify bogus charitable contributions (kickbacks) and multiple conspiracies and transfers of funds as part of a money-laundering conspiracy.

Audits might show off-the-books bank accounts that were accessed solely by insiders, and that tax-exempt funds were used in various illegal schemes that might have integrated:

(1) money laundering,

(2) tax evasion (stolen money is taxable),

(3) violations of US banking and currency laws,

(4) conspiracy to commit wire fraud,

(5) commercial bribery in various financial schemes,

(6) establishing secret offshore bank accounts outside the purview of the IRS and US banking laws,

(7) fraudulent and casual accounting practices,

(8) non-existent financial oversight,

(9) having a hidden financial interest in companies doing business with SPLC,

(10) putting phantom employees on the payroll (money laundering).

Graver violations, in connection with fraudulent uses of tax-exempt monies for personal and political purposes that might include: felony charges for first-degree tampering with public records, first-degree offering a false instrument for filing, fourth-degree grand larceny, first-degree falsifying of business records, defrauding the government, and colluding with publicly-funded agencies to conduct illegal activities by engaging in the facilitation of illegal conversions and currency frauds.

Falsifying tax-exempt records for the purposes of money-laundering, offering false instruments for filing, and engaging in mail and computer fraud, illegal structuring of cash transactions and collusion in multiple

47 posted on 05/03/2010 5:34:01 AM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
[ Post Reply | Private Reply | To 46 | View Replies]

To: Liz

More here:

(no links)

Press of Atlantic City, The (NJ) - Wednesday, May 17, 2006
Author: PETE McALEER Statehouse Bureau


Gov. Jon S. Corzine’s assets include ownership or part ownership in: Buenos Tardes, a Mexican restaurant in New York; a personal aircraft; his brother’s bicycle shop in Illinois; residential apartments in Arizona, Texas and Georgia; a Netherlands bank; a biotechnology company with a focus on agriculture; a private equity firm invested in Japanese markets; warehouse space in Dallas and Houston; a Colorado ranch.


Corzine vote aided investment deal - Tax break followed takeover of Japanese bank
Record, The (Hackensack, NJ) - Thursday, September 15, 2005
U.S. Sen. Jon Corzine voted to give himself and a select set of fellow millionaire investors a lucrative tax break from their controversial takeover of a Japanese bank.

Corzine cast that vote in March 2004 as a member of the Senate Foreign Relations Committee, which was considering a complex tax treaty between the United States and its closest Pacific Rim ally. The vote was unanimous.

The treaty included a narrowly crafted clause that gave a tax break to an exclusive group who had invested in failing banks subsidized by the Japanese government. It saved Corzine and his partners millions of dollars in tax payments.

Corzine, now the Democratic nominee for governor, had no idea he was voting on a treaty that gave him, his partners and other investors favorable treatment, campaign spokesman Tom Shea said. Corzine has no direct control of his finances and is focused on his duties as senator and candidate above all else, Shea said.

“He sees the finances once a year when he gets the disclosure forms or tax returns,” Shea said. “It is just not where his focus is in life right now and hasn’t been since he started running for the Senate [five years ago].”

The senator’s vote involved a package of bills that included the Japanese treaty, appointments and major aid measures to India and developing countries pushed by Corzine, Shea said. Corzine could not back out of voting on the package because he supported those relief efforts, Shea said.

The tax exemption was singled out in testimony and a summary of the treaty was prepared for the Foreign Relations Committee before the vote. The chief of staff for a top congressional tax panel urged Corzine’s committee to take a closer look at the “special provision.”

“The committee may wish to consider whether this ... is warranted,” George Yin, of the Joint Committee on Taxation, testified less than two weeks before the vote. The full Senate ratified the treaty in a voice vote several weeks later.

Before the full Senate voted, Sen. Richard Lugar, R-Ind., told lawmakers that the treaty had been thoroughly reviewed by the Foreign Relations Committee. “Officials from the Department of Treasury briefed the committee extensively on the impact of the treaty on business relations between the United States and Japan,” Lugar said.

Government watchdogs said Corzine’s treaty vote is a serious breach by any ethical standard.


Senator is mum

Corzine, through his campaign, declined repeated requests for an interview to explain his vote and financial stake in Shinsei Bank. The campaign would not disclose how much Corzine still owns in the bank, what shares he sold or how much he has earned on the deal.

Corzine initially invested $5 million to $25 million in the buyout, according to the broad income ranges reported on financial disclosure forms filed with the U.S. Senate in 2000. A year later, Corzine and his wife, Joanne, reported their combined investment in the bank was worth between $6 million and $30 million.

The size of the reported stake has since dwindled. Corzine, who divorced in 2003, reported in May that he individually controlled a stake ranging from $2 million to $10 million. He also has invested in two firms that likewise have a stake in the bank.

Corzine’s disclosure forms do not indicate any sale of shares by the end of 2004.

But securities records from a major sale of Shinsei Bank stock by its initial investors in February reveal that Corzine-controlled JSC Investments LLC sold more than 840,000 shares, earning him approximately $5 million.

Roots in banking crisis

The investment has its roots in the Japanese banking crisis of the late 1990s, when several national banks failed or were on the brink of collapse after years of making faulty loans.

A reeling Japanese government, under pressure from the United States, sought international investors to help avert a complete meltdown of the country’s economy. The Japanese government took the politically risky step of allowing a major Wall Street firm, Goldman Sachs & Co., to assist it in finding private investors in early 1999 to buy Long-Term Credit Bank of Japan Ltd. At the time, Corzine was a partner and co-chairman of Goldman Sachs.

Around the same time, several former Goldman partners helped form a consortium of investors, including Corzine, to purchase Long-Term Credit Bank for $1.2 billion.

The buyout group was led by Wall Street financier Timothy Collins of Ripplewood Holdings, a New York City-based private equity fund, and J. Christopher Flowers, a former Corzine underling at Goldman Sachs. Flowers is a billionaire bank buyout and mergers specialist.

Flowers now makes all of Corzine’s personal investment decisions and holds a financial stake in some of the same investments as the senator, according to Corzine campaign officials.

The new owners, who renamed the bank Shinsei (”New Life”) Bank Ltd., had a powerful advantage: The Japanese government committed an estimated $63 billion to keep the bank afloat. That reduced the investors’ risk and was crucial in making it one of the most profitable bank buyouts ever, financial experts said.

“This may be the most profitable private equity deal of all time,” David Rubenstein, co-founder of The Carlyle Group, a global private equity firm, said in published accounts after Shinsei Bank’s initial public offering on the Tokyo Stock Exchange last year.

The unprecedented foreign investment provoked a national scandal.

The Japanese public was outraged when the bank, with the government’s approval, began demanding immediate payment on the bad loans, forcing major retailers and other companies to collapse.

Anger escalated when it was disclosed that the foreign investors would escape paying Japanese taxes on profits when they took Shinsei public last year.

People in Japan were so angry that government officials enacted a special 20 percent tax on foreign investors. Some began to refer to it as the “Shinsei tax.”

As the scandal mushroomed, U.S. and Japanese officials were renegotiating the tax treaty for the first time in 33 years.

Among the treaty’s new features was broad language giving Japanese officials the ability to tax American investors of publicly subsidized bank bailouts. Also inserted was a narrow exemption for those who invested in the buyouts between 2000 and March 2004, when the treaty was ratified. The exemption applies to investors in four buyout deals, including Shinsei.

* * *

48 posted on 05/03/2010 6:36:49 AM PDT by maggief (Not everything is what it seems.)
[ Post Reply | Private Reply | To 46 | View Replies]

To: maggief
Nice researching, MF.

CORZINE HAS YET TO TELL HOW MUCH THE LEHMAN BANKRUPTCY COST NEW JERSEY The Standard & Poor's 500 index plunged 4.7% Sept. 15, 2008 after the bankruptcy of Lehman Brothers Holdings Inc. and Bank of America Corp's government-engineered takeover of Merrill Lynch & Co. By the end of October, the index had fallen 22.6%.

Note that Corzine Jonny appointed his Lehman cronies to the State Investment Council (agency invests pension system's $80billion---post-Corzine down to about $60 billion). The SIC stunned the financial world JUST BEFORE THE NOV WALL STREET CRASH--putting $180M pension funds into Lehman Brothers.

The SIC also put $400M pension funds in shaky Citigroup, $300M in iffy Merrill Lynch---as banking giant Bear Stearns collapsed.

Can you say buddy bail-out. Kickbacks. Offshore wire transfers. Numbered accounts? Taxpayers should demand audits and phone-logs, emails, and electronic transfers Corzine and the pension fund directed to Lehman Bros.

A STROLL DOWN MEMORY LANE Lehman Bros went belly-up but not b/c Corzine did not try to forestall the meltdown. The New Jersey Economic Development Authority gave Lehman Bros $123 Million tax dollars FOR DOING NOTHING. That's right---FOR DOING NOTHING. The EDA brainiacs unloaded $123 million tax dollars on Lehman Brothers (AND Morgan Stanley) to cancel an earlier deal.

The $123 Million payout was more than the total revenue generated by New Jersey realty transfer taxes (13 categories of state-imposed fees) in all of 2004.

NEED TO KNOW Banks holding EDA monies (from tax-exempt bond sales) should be audited (or be subjected to federal scrutiny). Audits might uncover EDA‘s questionable banking activities and fraudulent accounting practices. An audit might show EDA looters keep two sets of books using offshore bank accounts accessed solely by govt insiders. If bondholders were misled about the allocation of tax-exempt EDA monies....... L/E and the IRS should get involved.

NOW TO FLORIDA Florida stands to lose $1 billion from Lehman Brothers' bankruptcy. In Florida, Lehman Brothers managed public assets, sold securities, underwrote bond deals and handled residential and commercial mortgages. Local governments are stuck with about $556 million in tainted securities that they can't redeem.

More than $440 million disappeared from the pension fund that pays benefits for some 1 million retirees and public employees. Counties, cities and school districts face a loss of more than $300 million for roads, sewers and schools.

Fla has $290 million less to pay for everything from hurricane claims to health care, community colleges and care for infants with disabilities.

The biggest casualty is Florida's giant public pension fund. It took a $230 million hit on Lehman stocks and bonds. The pension fund holds another $53 million in Lehman bonds that have lost most of their value and has $323 million tied up in tarnished mortgage-related securities purchased from Lehman. If the state sold those securities today, the pension fund would lose about $188 million more.

L/E should compel Corzine to tell how much he and his Lehman appointees cost New Jersey taxpayers.

49 posted on 05/03/2010 7:18:55 AM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
[ Post Reply | Private Reply | To 48 | View Replies]

To: maggief; Liz; ETL

Deeper look at CCX and Emerald Cities — Joel Rogers

Crime Inc. ~ Obama, Van Jones & Joel Rogers in Climate Collusion
Obama and Joel Rogers are long time network associates through the likes of Valerie Jarrett and Van Jones in particular. These networks of ultra progressives where devised by the none other than Joel Rogers and built by his ‘Lieutenants’ Van Jones and Majora Carter. They have been building these Green Groups for about 7 years and have now reached a critical mass. [snip]

Joel Rogers knows and factually stated that no matter what we do we cannot reach the lofty goal of 80% by 2050. It is a FACT.

Van Jones has worked as a Lieutenant of Joel Rogers on the scams infrastructure for the last 7 years through the Emerald Cities Collaboration network. [snip]

Deep Left Research:
Obama File 102 America’s Little Lenin? Joel Rogers and the Obama Movement.

50 posted on 05/03/2010 8:30:38 AM PDT by Arthur Wildfire! March (Obama's CCX air selling scam: $100 trillion in 10 years. See profile.)
[ Post Reply | Private Reply | To 48 | View Replies]

Navigation: use the links below to view more comments.
first 1-5051-54 next last

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.

Free Republic
Browse · Search
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson