They’ve been cooking this one up for over a year.
Real urgent stuff, don’t ya know.
WASHINGTON | Tue Sep 21, 2010 3:00pm EDT
Creating a national infrastructure bank is an idea whose time has come, Robert Wolf, chief executive of UBS Americas, told at a Senate Banking Committee hearing called to explore alternatives for financing infrastructure projects.
Obama envisions creating the bank as part of long-term infrastructure spending legislation expected to take shape in 2011. Presidential advisers have suggested capitalizing the bank at $25 billion.
The two men first met in December 2006 in the New York office of billionaire investor George Soros. Mr. Wolf was a newcomer to elite Democratic donor circles. Then-Sen. Obama, still months from launching his bid for the White House, was desperate to raise campaign cash on Wall Street.
In addition to his roles at UBS, Robert was appointed as a member of President Obamas Council on Jobs and Competitiveness and prior to that was on the Presidents Economic Recovery Advisory Board chaired by former Federal Reserve Chair Paul Volcker, from 2009-2011.
By the way, are we going to be bailing out UBS?
It can't exist.
This is just a clone of the "Carbon Credits" Scam.
Create something out of nothing and then force taxpayers to pay for it.
The rubes will never notice...
This has got to stop!
Laws being written by outside groups.
We elect Congress to write needed laws and they allow outside groups to do the actual writing often years in advance.
There has to be something illegal about that.
Can FOIA demands identify who actually has written the horrible laws that have been shoved down our throats the last three years?
HELLO! ELECTED REPRESENTATIVES...