Assembling the Team
During 2000 and 2001, the Joyce Foundation, a progressive trust with assets near $1 billion, known for funding groups like Center for American Progress and Tides Foundation, provided grants to CCX totaling $1.1 million. State Senator Obama served on the foundations board of directors during that time and was instrumental in awarding the grants.
Shortly after the first grant was approved, the president of The Joyce Foundation, Paula DiPerna, left to join the executive team of CCX. Other notables with familiar names soon followed.
Former Vice-President Al Gore became part-owner of CCX when his company, Generation Investment Management, made a sizeable investment. Gore brought with him his senior partner at GIM, David Blood, former CEO of Goldman Sachs Asset Management, along with a company chalk full of former Goldman Sachs executives
Goldman Sachs itself soon joined the team buying a ten percent interest in CCX
Maurice Strong, once linked to Tongsun Park, the central figure in the United Nations oil-for-food scandal in 2005 and one of the architects of the Kyoto Protocol, joined the CCX board of directors
Carlton Bartels was one of the first, and perhaps most important, additions to the CCX roster. As CEO of a company called CO2e, Bartels developed and delivered the actual guts of the exchange a system for facilitating and managing the actual carbon trades
Just three weeks after filing for a patent for his carbon trade system, Bartels was killed during the attacks of 9/11. Bartels death opened the door for a new partner to join CCX, easily the oddest fit of them all: Fannie Mae. In a move still unexplained, the quasi-governmental mortgage agency, led by CEO Franklin Raines, purchased the rights to the system from Bartels widow. A patent on the invention was granted to Raines and Fannie Mae on November 7, 2006, ironically, the day after the Democrats regained control of Congress. According to Barbara Hollingsworth of the Washington Examiner, the patent covers both the cap and trade parts of Obamas top domestic energy initiative and gives Fannie Mae proprietary control over the automated trading system used by Sandors CCX.
When asked about the patent recently Fannie Mae communications director Amy Bonitatibus told the Washington Examiner, Fannie Mae earns no money on this patent. We cant conjecture as to the cap-and-trade legislation. A source close to Fannie Mae, however, says a plan is in place to funnel future earnings from the patent to a non-profit housing organization called Enterprise Community Partners. Ironically, Raines, who left Fannie Mae in 2004 amidst allegations that he inflated earnings reports in order to collect higher bonuses ($52 million in bonuses over 5-years; $90 million in total compensation), serves on the board of trustees at Enterprise. In a continuation of theme, Goldman Sachs also has a representative on the board in the person of Alicia Glen.
Just three weeks after filing for a patent for his carbon trade system, Bartels was killed during the attacks of 9/11.
Guess whos been involved intimately with Fannie Mae? Does the name Jamie Gorelick ring a bell?
This woman is everywhere, and
Jamie Gorelick got a 26 million payout when she left the place.
Jamie Gorelicks Cloudy Memory (mega clintonista wall gag alert)
American Thinker ^ | 7-29-08 | Ed Lasky
Fitting the Pieces TogetherAble Danger, Jamie Gorelick & 9/11
The Strata-Sphere ^ | August 9, 2005 | Bronc1
More on Mrs. Gorelick....
Her law firm buddy, his job, and her being on the board with a firm working on Carbon Sequestering is such a co-wink-a-dink..
Jamie Gorelick Authored Conflict of Interest Booklet
Posted on Saturday, April 17, 2004
In 1989, Jamie Gorelick authored a 21 page booklet for The American Bar Association titled: Conflicts of Interest in a Changing Legal Environment : Traps for the Unwary.
Also in 1989, she co-authored Destruction of Evidence with Stephen Marzen and Lawrence Solum. Published in New York: Wiley Law Publications, Description: xxvii, 516 p. ; 27 cm. Series: Trial practice library.
And again in 1989, she authored a 26 pages booklet for The American Bar Association titled: Structuring the Internal Investigation When a Corporation is Faced With Parallel Civil, Criminal and Administrative Proceedings.
In 1988, for The American Bar Association, she authored a 41 page booklet: Effective Representation of the Corporation, Its Directors, Officers, and Employees in Grand Jury and Agency Investigations.
In 1987, she co-authored a two volume book with Roger C Spaeder & Cono R Namorato: Federal Enforcement 1987 : Representing Corporations, Their Officers, Directors and Employees, April 2-3, 1987, Loews LEnfant Plaza Hotel, Washington, D.C.: program materials. Published by The Center, Washington, D.C.
Then, in 2001, the Department of Justice published a volume of her addresses as Assistant Attorney General.
LEGAL Black Can’t Call Back W ...
Washington Post, The (DC) - Thursday, June 7, 2007
BP America hired Jamie Gorelick , a deputy attorney general in the Clinton administration, to help it respond to a House Energy and Commerce Committee inquiry, according to a federal disclosure form. One incident the committee is probing is an oil spill tied to BP ‘s Alaska operations.
Gorelick , who served on the commission that investigated the Sept. 11, 2001, terrorist attacks, is a District-based attorney with the law firm WilmerHale, which was hired by London-based BP .
Fort Worth Star-Telegram (TX) - Friday, June 8, 2007
WHAT YOU NEED TO KNOW
4 BP Plc. hired Jamie Gorelick , a former official in the Clinton administration, to advise the company on inquiries from lawmakers, U.S. Senate records show.
“After leaving the Justice Department, Gorelick served for six years as vice chairwoman of Fannie Mae and got caught up in the mortgage agencys accounting controversy. In 2005, two years after Gorelick left Fannie Mae, a federal investigation into the public-private mortgage company found that accountants had falsified signatures to erase $9 billion in losses from the books.
Eliminating those losses resulted in Gorelick and four other Fannie Mae executives taking away six- and seven-figure bonuses in 1998.
The federal investigation found that Gorelick was paid more than $25 million during her time at Fannie, and the huge compensation received by Fannie Mae executives later became a major issue in Congress.”