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Barack Obama's Fannie Mae/Freddie Mac Connection (08, Obama's connection to the housing collapse)
fox news ^ | 9/16/2008 | John Gibson

Posted on 04/27/2010 4:14:55 AM PDT by tobyhill

Lehman Brothers collapse is traced back to Fannie Mae and Freddie Mac, the two big mortgage banks that got a federal bailout a few weeks ago.

Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs.

A group called the Center for Responsive Politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. senators getting big Fannie and Freddie political bucks were Democrats and No. 2 is Sen. Barack Obama.

Now remember, he's only been in the Senate four years, but he still managed to grab the No. 2 spot ahead of John Kerry — decades in the Senate — and Chris Dodd, who is chairman of the Senate Banking Committee.

Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, some people who couldn't afford them.

Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration's White House Budget Director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick — Clinton Justice Department official — worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama's VP search committee, has hauled in millions from his Fannie Mae CEO job.

(Excerpt) Read more at foxnews.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: carboncredits; ccx; chicago; chicagoclimatex; climategate; conflictofinterest; joycefoundation; obamanomics; tidesfoundation

1 posted on 04/27/2010 4:14:55 AM PDT by tobyhill
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To: tobyhill

Is the Goldman Sachs CEO going to make a stand today or cower and roll over?

C’mon! It’s not like marching 9 miles in a snowstorm with nothing but burlap wrapped around your bleeding feet!


2 posted on 04/27/2010 4:20:07 AM PDT by reaganator
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To: tobyhill

Freddie and Fannie are a lot like ACORN.


3 posted on 04/27/2010 4:23:41 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Oldeconomybuyer

evil?


4 posted on 04/27/2010 4:25:21 AM PDT by reaganator
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To: tobyhill
Glenn Beck had a FABULOUS show yesterday, detailing Goldman, Barack, and something called the JOYCE FOUNDATION that is bigger than the TIDES FOUNDATION!!

ANYONE have a transcript or know where I can see the show again??

5 posted on 04/27/2010 4:55:17 AM PDT by Ann Archy (Abortion,,,,,,the Human Sacrifice to the god of Convenience.)
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To: Ann Archy
Here is the link you asked for... Glenn Beck's show last night: http://video.foxnews.com/v/4167372/the-one-thing-426
6 posted on 04/27/2010 5:13:11 AM PDT by Apple Pan Dowdy (... as American as Apple Pie mmm mmm mmm)
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To: Ann Archy; Liz; hoosiermama; penelopesire; STARWISE; onyx; Protect the Bill of Rights; Velveeta

FYI ...

http://www.foxnews.com/politics/2009/03/25/obama-years-ago-helped-fund-carbon-program-pushing-congress/

Updated March 25, 2009

Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress

By Ed Barnes

- FOXNews.com

While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president.

In 2000 and 2001, while Barack Obama served as a board member for a Chicago-based charitable foundation, he helped to fund a pioneering carbon trading exchange that is likely to fill a critical role in the controversial cap-and-trade carbon reduction scheme that President Obama is now trying to push rapidly through Congress.

During those two years, the Joyce Foundation gave nearly $1.1 million in two separate grants that were instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”

One of those gases is carbon dioxide, the most ubiquitous greenhouse gas and the focus of the most far-reaching — and contentious — efforts to combat “climate change.” On Monday, Obama’s Environmental Protection Agency declared carbon dioxide a public health threat.

The President of the Joyce Foundation in 2000, when the foundation made its first grant to the Climate Exchange, was Paula DiPerna, who is now executive vice president of the Chicago Climate Exchange in charge of corporate recruitment and public policy, as well as president of CCX International.

(snip)


7 posted on 04/27/2010 5:21:34 AM PDT by maggief (Not everything is what it seems.)
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To: Ann Archy
God Bless Glenn Beck.....that show was GREAT.

We have learned so much from Glenn and his staff. I pray for their safety.

8 posted on 04/27/2010 5:36:09 AM PDT by mickie
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To: Ann Archy; Liz; hoosiermama; penelopesire; STARWISE; onyx; Protect the Bill of Rights; Velveeta
The show excellent. He did a very good job connecting the dots on this whole global warming scam.

Please note the Joyce Foundation is also a major enabler of the ANTI Gun lobby and many other left wing causes.
9 posted on 04/27/2010 6:07:34 AM PDT by RonboTex (Get off my lawn!!!!!!!!)
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To: RonboTex; Ann Archy; Liz; hoosiermama; penelopesire; STARWISE; onyx; Protect the Bill of Rights; ...
The show exposing Ohaha's ties to these scams was excellent. Glenn Beck did a very good job connecting the dots on this whole global warming scam......... note that the Joyce Foundation is also a major enabler of the ANTI Gun lobby and many other left wing causes.

Beck has no peer when it comes to researching these scams.

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

Can the Joyce Foundation produce records on how they spent tax-exempt money? Oh, nevermind. The IRS, SEC, FBI, Congressman Issa 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 conspiracies, are part and parcel of these frauds.

10 posted on 04/27/2010 6:28:15 AM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
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To: Liz

“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. “

Bingo!


11 posted on 04/27/2010 6:32:43 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: All
Beck's show also clued us in to Obama's connection to the Chicago Climate Change.

Obama’s involvement in Chicago Climate Exchange—the rest of the story
By Judi McLeod Wednesday, March 25, 2009, Canadian Free Press

Good news to know that the truth will always out—even when you’re Barack Obama. “Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress” is a FOXNews story by Ed Barnes.

In short, “While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president.”

The charity was the Joyce Foundation on whose board of directors Obama served and which gave nearly $1.1 million in two separate grants that were “instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”

And that’s only the beginning of this tawdry tale, Mr. Barnes. The “privately-owned” Chicago Climate Exchange is heavily influenced by Obama cohorts Al Gore and Maurice Strong. For years now Strong and Gore have been cashing in on that lucrative cottage industry known as man-made global warming.

Strong is on the board of directors of the Chicago Climate Exchange, Wikipedia-described as “the world’s first and North America’s only legally binding greenhouse gas emission registry reduction system for emission sources and offset projects in North America and Brazil.”

Gore, self-proclaimed Patron Saint of the Environment, buys his carbon off-sets from himself—the Generation Investment Management LLP, “an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C., of which he is both chairman and founding partner. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist, including the Chicago Climate Exchange.

Strong, the silent partner, is a man whose name often draws a blank on the Washington cocktail circuit. Even though a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of an Oil-for-Food beleaguered Kofi Annan, the Canadian born Strong is little known in the United States.

That’s because he spends most of his time in China where he has been working to make the communist country the world’s next superpower. The nondescript Strong, nonetheless is the big cheese in the underworld of climate change and is one of the main architects of the failing Kyoto Protocol.--SNIP--long read

REST AT http://www.canadafreepress.com/index.php/article/9629

12 posted on 04/27/2010 6:36:21 AM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
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To: tobyhill

save


13 posted on 04/27/2010 6:41:48 AM PDT by Eagles6 ( Typical White Guy: Christian, Constitutionalist, Heterosexual, Redneck.)
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To: maggief

Great flashback article..especially in light of Beck’s show yesterday. Loved this part:

“Joyce Foundation president Ellen Alberdling said it was not unusual for the foundation to keep funding projects that ran into trouble. “We are in involved in making policy decisions, not creating successful businesses. We have done it with many other projects as well.” she said.”

LOL...spoken like a true marxist! I’d love to find out who exactly is funding the Joyce Foundation. It sounds like a commie front group if ever there was one.


14 posted on 04/27/2010 6:44:46 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: RonboTex

Glenn’s best shows are always when he is exposing the marxists and connecting the dots for a wider audience. While folks that read FR and other conservative online media might know about these connections, far too many folks don’t and Glenn has helped to get the word out like never before.


15 posted on 04/27/2010 6:49:16 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Liz

“That’s because he spends most of his time in China where he has been working to make the communist country the world’s next superpower.”

What a nest of treasonous marxist vipers! It’s way past time that they are frogmarched off in orange jumpsuits! Thanks for posting this flashback article!


16 posted on 04/27/2010 6:53:19 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: tobyhill

Good post—


17 posted on 04/27/2010 6:58:20 AM PDT by mtntop3
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To: penelopesire; steelyourfaith

Via wiki:

The Joyce Foundation has money funneled to it from “progressive” agenda organizations. The foundation then directs those funds to the “Chicago Climate Exchange”. This was originally funneled via Barack Obama to the CCX. The CCX has stake holders such as Al Gore and Goldman Sachs where they hope to make large profits if Cap and Trade are passed. For this reason they are strong advocates of man caused Global Warming.

http://www.canadafreepress.com/index.php/article/9629

Obama’s involvement in Chicago Climate Exchange—the rest of the story
By Judi McLeod Wednesday, March 25, 2009

“Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress” is a FOXNews story by Ed Barnes. In short, “While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president.”

The charity was the Joyce Foundation on whose board of directors Obama served and which gave nearly $1.1 million in two separate grants that were “instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”

And that’s only the beginning of this tawdry tale, Mr. Barnes.

The “privately-owned” Chicago Climate Exchange is heavily influenced by Obama cohorts Al Gore and Maurice Strong.

For years now Strong and Gore have been cashing in on that lucrative cottage industry known as man-made global warming.

Strong is on the board of directors of the Chicago Climate Exchange, Wikipedia-described as “the world’s first and North America’s only legally binding greenhouse gas emission registry reduction system for emission sources and offset projects in North America and Brazil.”

Gore, self-proclaimed Patron Saint of the Environment, buys his carbon off-sets from himself—the Generation Investment Management LLP, “an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C., of which he is both chairman and founding partner. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist, including the Chicago Climate Exchange.

Strong, the silent partner, is a man whose name often draws a blank on the Washington cocktail circuit. Even though a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of an Oil-for-Food beleaguered Kofi Annan, the Canadian born Strong is little known in the United States. That’s because he spends most of his time in China where he he has been working to make the communist country the world’s next superpower. The nondescript Strong, nonetheless is the big cheese in the underworld of climate change and is one of the main architects of the failing Kyoto Protocol.

Full credit for the expose on the business partnership of Strong and Gore in the cap-and-trade reduction scheme should go to the investigative acumen of the Executive Intelligence Review (EIR).

The tawdry tale of the top two global warming gurus in the business world goes all the way back to Earth Day, April 17, 1995 when the future author of “An Inconvenient Truth” travelled to Fall River, Massachusetts, to deliver a green sermon at the headquarters of Molten Metal Technology Inc. (MMTI). MMTI was a firm that proclaimed to have invented a process for recycling metals from waste. Gore praised the Molten Metal firm as a pioneer in the kind of innovative technology that can save the environment, and make money for investors at the same time.

“Gore left a few facts out of his speech that day,” wrote EIR. “First, the firm was run by Strong and a group of Gore intimates, including Peter Knight, the firm’s registered lobbyist, and Gore’s former top Senate aide.”

(Fast-forward to the present day and ask yourself why it is that every time someone picks up another Senate rock, another serpent comes slithering out).

“Second, the company had received more than $25 million in U.S. Department of Energy (DOE) research and development grants, but had failed to prove that the technology worked on a commercial scale. The company would go on to receive another $8 million in federal taxpayers’ cash, at that point, its only source of revenue.

“With Al Gore’s Earth Day as a Wall Street calling card, Molten Metal’s stock value soared to $35 a share, a range it maintained through October 1996. But along the way, DOE scientists had balked at further funding. When in March 1996, corporate officers concluded that the federal cash cow was about to run dry, they took action: Between that date and October 1996, seven corporate officers—including Maurice strong—sold off $15.3 million in personal shares in the company, at top market value. On Oct. 20, 1996—a Sunday—the company issued a press release, announcing for the first time, that DOE funding would be vastly scaled back, and reported the bad news on a conference call with stockbrokers.

“On Monday, the stock plunged by 49%, soon landing at $5 a share. By early 1997, furious stockholders had filed a class action suit against the company and its directors. Ironically, one of the class action lawyers had tangled with Maurice strong in another insider trading case, involving a Swiss company called AZL Resources, chaired by Strong, who was also a lead shareholder. The AZL case closely mirrored Molten Metal, and in the end, Strong and the other AZL partners agreed to pay $5 million to dodge a jury verdict, when eyewitness evidence surfaced of Strong’s role in scamming the value of the company stock up into the stratosphere, before selling it off.

In 1997, Strong went on to accept from Tongsun Park, who was found guilty of illegally acting as an Iraqi agent, $1 million from Saddam Hussein, which was invested in Cordex Petroleum Inc., a company he owned with his son, Fred.

These are the leaders in the Man-made Global Warming Movement, who three years later were to be funded by the man who was to become President of the United States of America.

If we follow the time line on where Obama was during the funding of the Chicago Climate Exchange, he was still a professor at the University of Chicago Law School teaching constitutional law, with his law license becoming inactive a year later in 2002.

It may be interesting to note that the Chicago Climate Exchange in spite of its hype, is a veritable rat’s nest of cronyism. The largest shareholder in the Exchange is Goldman Sachs. Chicago Mayor Richard M. Daley is its honorary chairman, The Joyce Foundation, which funded the Exchange also funded money for John Ayers’ Chicago School Initiatives. John is the brother of William Ayers.

(snip)


18 posted on 04/27/2010 7:05:51 AM PDT by maggief (Not everything is what it seems.)
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To: maggief

Thanks for posting the entire article. Simply unbelievable that these people are walking around scott free!

This is the real reason for the phoney,leftist chant about ‘Haliburton’ all those years during the Bush Administration. A bait and switch tactic to keep everyone’s eyes off of their very real abuse of power and insider trading. These leftist democrats have been feathering their golden nests off the backs of the American taxpayer’s for years and getting their marxist wet dreams fulfilled at the same time. It’s past time to press charges!

IMPEACH!!


19 posted on 04/27/2010 7:21:41 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: maggief; Amagi; Fiddlstix; Tunehead54; Clive; FrPR; tubebender; marvlus; TenthAmendmentChampion; ...
Thanx ! Glenn beck drew the connection between Obama on the Joyce Foundation and the Chicago Carbon Exchange on his TV program yesterday, 4/26/10.

 




Beam me to Planet Gore !

20 posted on 04/27/2010 7:26:18 AM PDT by steelyourfaith (Warmists as "traffic light" apocalyptics: "Greens too yellow to admit they're really Reds."-Monckton)
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To: penelopesire; Calpernia

http://www.freerepublic.com/focus/news/2091792/posts

George Soros, Maurice Strong and company redefine the Middleclass (Must read)
Canada Free Press ^ | September 26, 2008 | Judi McLeod

Posted on Saturday, September 27, 2008 10:41:02 AM by maggief

Who is attacking the U.S.? The big casualty in this 21st century U.S. civil war is the Middle Class George Soros, Maurice Strong and company redefine the Middleclass

George Soros, Al Gore, Warren Buffet, Maurice StrongThe Democrat-loving mainstream media is missing the boat on Warren Buffet’s take of America’s economic meltdown as …”a sort of economic Pearl Harbor we’re going through.”

That being the case, then surely the first question should be: “Who is attacking the U.S.?”

The billionaire’s $5 billion investment in Goldman Sachs Group Inc. at the same time he’s touting the Treasury’s $700 billion bank rescue plan, should be the tipoff.

With so many banksters and fraudsters openly treating the U.S. treasury as their private piggybank, one ponders what‘s really going on.

Is wholesale market manipulation the new al Qaeda?

(snip)

So how does UN Poster Boy Maurice Strong intend to harness America’s middleclass?

This is what Strong told a reporter back in 1990, when he was describing what he called a fantasy scenario for the World Economic Forum meeting in Davos, Switzerland—where 1,000 diplomats, CEOs and politicians gather annually “to address global issues”.

What if a small group of these world leaders were to conclude that the principal risk to the earth comes from the actions of the rich countries?…

In order to save the planet, the group decides: Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring this about?

“This group of world leaders forms a secret society to bring about an economic collapse,” Strong told the reporter in painting his so-called fantasy scenario.

“It’s February. They’re all at Davos. These aren’t terrorists. They’re world leaders. They have positioned themselves in the world’s commodities and stock markets. They’ve engineered, using their access to stock markets and computers and gold supplies, a panic. Then, they prevent the world’s stock markets from closing. They jam the gears. They hire mercenaries who hold the rest of the world leaders at Davos as hostage. The markets can’t close…

//

>>>Chicago Climate Exchange

Some more tidbits:

http://blog.newyorkcitycommunity.us/2008/09/20/jon-corzine-and-hot-air—perfect-together.aspx

Excerpt:

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 for 8 years.**** (Oops, Obama, is that you?)

10 posted on Saturday, September 27, 2008 11:00:15 AM by Calpernia

//

Much more at FR link ...


21 posted on 04/27/2010 7:36:05 AM PDT by maggief (Not everything is what it seems.)
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To: reaganator
I was explaining the situation with Goldman Sachs to someone on another web site this way. The sub prime market melt down resulted from the doubling down on the Communities Re-investment Act in 1995 that forced banks to take unprecedented risks in home mortgages. Banks are in business to make a profit so they hedged their bets on the mortgages by bundling them and selling them off like grab bags to willing investors, who knew the risks. It's simply legalized gambling. To further hedge their bets, they were selling the mortgage market short. They knew how bad the mortgages really were, and so did all the other banks.

But now, Goldman and Obama are playing a different game, hedging their bets in a far different way. They are betting that the new regulations that Obama wants to put on banks will hurt the Goldman Sachs competitors more than it will Goldman Sachs because G.S. has made a deal with the devil and hedged their bets in a very different way. Instead of sub prime mortagages, G.S. has been picked be the main backer of the Chicago Carbon Credit Exchange, selling non-existent carbon credits instead of bad mortgages, selling empty grab bags, instead of the risky grab bags of bad mortgages. So, Goldman Sachs will take a slap on the wrist and perhaps be banned from selling any Fannie Mae or Freddie Mac mortgages (oh, darn) and instead just sell those carbon credits.

22 posted on 04/27/2010 7:49:53 AM PDT by Eva
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To: maggief

Equally disturbing is Hank Paulson’s involvement in GIM.Did he divest himself of that interest when he took the treasury seat or do we know?


23 posted on 04/27/2010 7:57:18 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: maggief

The Goldman Sacs/Congressional dog and pony show is on now!


24 posted on 04/27/2010 7:59:40 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: penelopesire; Liz; hoosiermama; STARWISE; onyx

http://bsimmons.wordpress.com/2010/04/23/will-obama%E2%80%99s-goldman-sachs-attack-expose-al-gore-or-other-dems/

Will Obama’s Goldman Sachs Attack Expose Al Gore? Or Other Dems?
April 23, 2010 — budsimmons

Will Obama’s Goldman Sachs Attack Expose Al Gore? Or Other Dems?

Posted By Richard Pollock On April 22, 2010 @ 12:00 am In Column 1, Money, US News | 36 Comments

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.

Gore also turned to Goldman Sachs guru (and later Bush Treasury Secretary) Henry Paulson to help him establish GIM. At the time, Paulson himself was an eco-warrior of sorts, serving as chairman of the board of the Nature Conservancy.

Today, seven of Gore’s GIM chief partners are from Goldman Sachs. The company is now valued [1] 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 [2] listed on the London Stock Exchange [3]. CLE does carbon trading in Europe. In late 2004, they also created the Chicago Climate Futures Exchange [4] (CCFX).

In September of 2006, Climate Exchange Plc acquired [5] the remainder of CCX it didn’t own [6] and placed £12.2 million of new shares with Goldman Sachs [7].

Goldman is reported to have made an investment of $23 million in the venture. Between Gore and Goldman, they are the largest investors in the Chicago Climate Exchange, owning 20% of it.

Last year, in an expose from Rolling Stone writer Matt Taibbi (“Inside the Great American Bubble Machine [8]“) Taibbi identified Goldman Sachs as the father of some of our most notable modern day economic crises. He profiled a firm that handsomely profiteered over both the tech bubble and the metastasizing housing bubble.

Taibbi predicted Goldman’s next big play in cap and trade. This would become our next bubble. Taibbi tagged Goldman Sachs a “gangster state, running on gangster economics.”

Marc Morano, publisher of Climatedepot.com, agrees:

Goldman Sachs is helping to engineer the next great bubble. And we are talking about subprime science, subprime politics, and subprime economics. Goldman Sachs is at the forefront of the subprime economics of carbon trading.

Although cap and trade has temporarily faded in Washington, D.C., carbon trading still lives in the nation’s capital. Next week, Senators John Kerry (D-MA), Lindsey Graham (R-SC), and Joe Lieberman (I-CT) are expected to unveil a new cap-and-trade bill.

The idea of turning a free, colorless, and odorless gas into a product still attracts the money people. Myron Ebell, director of Freedom Action, says:

These Gore investments could potentially make him a billionaire. For a guy who started with just a small fortune he could end up with a very large one.

In describing its own mission, CCFE’s website is reminiscent of last Friday’s SEC fraud charge on mortgage derivatives:

Chicago Climate Futures Exchange® operates the leading U.S. marketplace for environmental derivatives, financial instruments whose underlying values are tradeable environmental assets.

CCFE was launched in 2004 and is part of the Climate Exchange Plc (LSE: CLE.L) group of companies, which comprise the world’s leading exchanges specializing in environmental derivatives. Also owned by Climate Exchange Plc are the European Climate Exchange® (ECX®) and the Chicago Climate Exchange® (CCX®), of which CCFE is a subsidiary. ECX is the dominant exchange by trading volume for carbon derivatives in the European Union Emissions Trading Scheme.

Morano thinks the tarnished Goldman Sachs brand can taint Al Gore and cap-and-trade advocates:

You add to that the underpinnings of the people who backed [cap and trade] and helped create it are tied to Al Gore and Goldman Sachs, and then you have a real crisis in confidence. And then you have more woes for the global warming establishment.

Goldman Sachs is one of the most politically connected investment firms in all of America. In the 2008 political cycle alone, the Goldman Sachs PAC lavished $5.9 million upon candidates for Congress.

Three out of four Goldman Sachs dollars went to Democrats. Nearly $1 million more went to Barack Obama. Goldman Sachs was the second-highest contributor to the Democratic presidential candidate. And in the last three years Goldman Sachs spent a cool $12.3 million to lobby the halls of Congress.

Even Barack Obama, who seems to be needling Goldman in his war against Wall Street, has himself turned to the storied Wall Street firm. Neel Kashkari, who led Goldman’s security investment banking practice, was tapped to run Obama’s TARP government bailout program.

As the presidential attack on Goldman intensifies, will Obama wound some of his closest political allies?

//

http://www.muckety.com/David-W-Blood/29954.muckety

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


25 posted on 04/27/2010 8:13:35 AM PDT by maggief (Not everything is what it seems.)
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To: maggief

THANKS to ALL of you!!! Everyone should watch Beck!!


26 posted on 04/27/2010 8:18:19 AM PDT by Ann Archy (Abortion,,,,,,the Human Sacrifice to the god of Convenience.)
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To: maggief

Kinda half watching the Goldman Sacs/Congressional cover up/hearing now. These men that they have brought in to testify from GS are SOOOOO YOUNG! I get the feeling that these young GS exes are being set up by the REAL CRIMINALS in Goldman and Congress to be the FALL GUYS! Just a intuition of course but the REAL criminals are the ones doing the questioning!


27 posted on 04/27/2010 8:35:16 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: maggief; Liz; STARWISE

If you all can find ALL this information in public records....Think what the FBI COULD have if they “ZERO”d in on it!

mmm mmm mmmm


28 posted on 04/27/2010 8:40:25 AM PDT by hoosiermama (ONLY DEAD FISH GO WITH THE FLOW.......I am swimming with Sarahcudah! Sarah has read the tealeaves.)
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To: Liz

Thanks...gotta go thru that later....lots of info there!!!


29 posted on 04/27/2010 9:30:38 AM PDT by Ann Archy (Abortion,,,,,,the Human Sacrifice to the god of Convenience.)
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