Help End FReepathons by Donating Monthly!
Generous FReeper Sponsors are donating $10 for every New Monthly Donor!
Please Sign Up to Donate Monthly!
Posted on 07/11/2012 8:53:10 AM PDT by Kaslin
On the heels of The Weekly Standard’s report yesterday that DNC chair Debbie Wasserman Schultz — a vocal critic of Mitt Romney‘s investing practices, had herself dabbled in the foreign markets — we can add Nancy Pelosi to the list of prominent Democrats to profit from overseas investments.
According to Pelosi’s 2011 financial disclosure statement, the Democratic House Minority Leader received between $1 million and $5 million in partnership income from ”Matthews International Capital Management LLC,” a group that emphasizes that it has a “A Singular Focus on Investing in Asia.” A quick trip to the company website reveals a featured post extolling the virtues of outsourcing.
“Designed in California, Made in Manila” sounds like an excellent title for a smear ad to be run the by the Barack Obama campaign. Instead, it appears to be Nancy Pelosi’s investment strategy.
Pelosi is also a small investor in the embattled “Moduslink Global,” one of the “outsourcing pioneers” that Mitt Romney has been criticized for associating with while at Bain Capital.
It’s not surprising that a wealthy politician would invest globally (nor should it be considered problematic). This is interesting because of the attacks on Mitt Romney’s investments — because Obama purportedly believes in the virtues of “insourcing” and anti-globalization. (Obama appears to be running on a protectionist platform that went out of style with Canadian tuxedos)
Obama sure can preach the economic nationalism, but it doesn’t appear his fellow leaders and surrogates are buying the message.
If they aren’t, why should other Americans?
It was little George Bush who pushed for and got China into the WTO...That's when our Country started shutting down...
Save for throwing in Liberals’ faces!
As long as she shares the taxpayer’s loot with her voters she’ll be able to keep this going...until eventually we become Greece.
Somehow, I think it’s going to be a really long wait.
Yes you and I are right about that. But Clinton signed the China free trade agreement that started our country the U.S.A. shutting down. China is destroying America and democrat villains like Pelosi are getting rich by investing in China and Asia ,helping to destroy the United States. Clinton dis this at the end of its presidency to send a nuclear ticking time bomb into America as its last act.
Excerpt from article:
http://articles.cnn.com/2000-10-10/politics/clinton.pntr_1_wto-membership-china-global-trade-regime?_s=PM:ALLPOLITICS
Clinton to sign China trade bill Tuesday
CHINA
October 10, 2000
President Clinton will close years of political and economic debate Tuesday and seal a major achievement of his administration by signing off on normalized trade with China.Clinton will sign the measure, approved by Congress this year, in a White House ceremony Tuesday afternoon. The president has invited key lawmakers to the South Lawn to witness his signing of the U.S.-China Relations Act of 2000.The bill's passage by the Senate on September 19 capped years of negotiations with Beijing and intense lobbying by the Clinton administration, business and labor interests. The move is designed to open China's mammoth market to U.S. businesses and pave the way for China's entry into the World Trade Organization, ending a 20-year-old U.S. ritual of annually reviewing China's trade status
Yes you and I are right about that. But Clinton signed the China free trade agreement that started our country the U.S.A. shutting down. China is destroying America and democrat villains like Pelosi are getting rich by investing in China and Asia ,helping to destroy the United States. Clinton did this at the end of its presidency to send a nuclear ticking time bomb into America as its last act.
Excerpt from article:
http://articles.cnn.com/2000-10-10/politics/clinton.pntr_1_wto-membership-china-global-trade-regime?_s=PM:ALLPOLITICS
Clinton to sign China trade bill Tuesday
CHINA
October 10, 2000
President Clinton will close years of political and economic debate Tuesday and seal a major achievement of his administration by signing off on normalized trade with China.Clinton will sign the measure, approved by Congress this year, in a White House ceremony Tuesday afternoon. The president has invited key lawmakers to the South Lawn to witness his signing of the U.S.-China Relations Act of 2000.The bill's passage by the Senate on September 19 capped years of negotiations with Beijing and intense lobbying by the Clinton administration, business and labor interests. The move is designed to open China's mammoth market to U.S. businesses and pave the way for China's entry into the World Trade Organization, ending a 20-year-old U.S. ritual of annually reviewing China's trade status
They are such hypocrites!
Yet, the great unwashed masses will buy into the class warfare theme of Obama and Company.
Pelosi, Fienstien and other democrats have been selling the United States out to China and other countries. Remember clinton was bought by China and signed the China free trade agreement.
All democrats are socialist villains who are traitors to America.
...and Chuck U Schumer, who never met a camera he didn’t like.
I heard an unconfirmed rumor that he served in Vietnam.
Anyone having a mutual fund that is global is investing in overseas stock. I bought some Korean stock in 2005 and have been happy with it. I think it is brilliant to buy stock wherever and whenever you can. People who by pass investing is making grave errors in their future retirement.
So what?! That doesn't change the fact that Romney is a typical rich, evil, Republican, born with a silver spoon in his mouth, while the President is one of us! </sarcasm>
Wonder how she did on cattle futures?
Pelosi and her husband’s wealth soared——not only on Asian holdings. Looks like Pelosi got some great insider financial tips. Read on.
REFERENCE Some are wondering how ex-US Sen Corzine, and his gubernatorial appointee ex-NJ State Treasurer Abelow, got away with telling Congress they “knew nothing” about a billion in missing MF Global money.......the company in which they are principals.
THE ONLY POSSIBLE REASON As a US Sen, Corzine got a bill passed which gave tax benefits to a Japanese bank which had been taken over by the trustee of Jonny’s “blind trust” —— Corzine’s trustee C. Flowers was a G/S crony and also a principal in MF Global.
LAUGH BREAK “Financial genius” Corzine said “he did not know” his Senate bill benefited him.
NOTE Few US Senators had first-hand knowledge about the Japanese bank. Jonny HAD to have made insider deals-—giving inside financial tips to members of the exclusive “Congressional Enrichment Club”...in exchange for their aye votes.
A lot of politicians really need to be in prison. It’s really discouraging to see what they get away with.
REFERENCE December 05, 2011---Fox News Report:
Bill Clinton Reaped Big Bucks Before Collapse---MF Global Employee Links Clinton to Corzine's Bankrupt Firm
A former MF Global employee accused former president Bill Clinton of collecting $50,000 per month through his Teneo advisory firm in the months before the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy, reports Human Events.
Teneo was hired by MF Global’s former CEO Jon S. Corzine to improve his image and to enhance his connections with Clinton’s political family, said the employee, who asked that his name be withheld because he feared retribution, according to Hum/Events. The Teneo contract with MF Global lasted at least five months, the souce said. “The board cancelled it after Corzine resigned.”
The source, who is no longer associated with MF Global, said Teneo is a dual-track company with one side devoted to merchant and investment banking and the other side set up to provide image and strategy consulting services.
Clinton is the chairman of the company’s advisory board, reports Hum/Events.
http://nation.foxnews.com/mf-global/2011/12/05/report-bill-clinton-reaped-big-bucks-corzine-firm-collapse#ixzz1fhH3pHHH
=================================================
The Bank Secrecy Act needs to be mobilized here----enacted to prevent bank investors, patrons, depositers, etc, from fraud.
Charges might include: (1) criminal tax fraud, (2) deliberately misstated income, (3) filing false IRS returns, (4) falsifying official documents, (5) intentionally mislabeling personal expenditures as business expenses, (6) utilizing investor funds inappropriately, (7) fraudulent use of investor funds for lavish personal expenditures, (8) fraudulently declaring personal expenditures as legitimate business expenses.
======================================================
REFERENCE Corzine’s financial my$tery / NY Post, January 8, 2012 / By Jonathon M. Trugman
It’s been a long while now since that frightful Halloween 2011 when MF Global filed the eighth-largest bankruptcy in US history. Too long a time if you are an MF customer and can’t get access or answers to what happened to your money.
Certain individuals at MF Global breached the sacrosanctity of segregated customer accounts to cover for liquidity shortfalls induced from extremely leveraged bets gone extremely bad, reportedly made by CEO Jon Corzine and his confidants (including MF bigwigs Brad Abelow and Chris Flowers).
Which brings us to a primary point in the MF Global debacle: Exactly where were Jon Corzine’s millions held while his firm was leveraging up 40-to-1? And for that matter, where were his lieutenants’ funds held? Unfortunately, those answers are not forthcoming from any of the parties.
It is almost unanimously mandated by Wall Street that officers of brokerage firms keep their investment accounts at the firm where they work. This is done for compliance reasons. If Corzine and his inner cadre of lieutenants had their millions at MF Global, were their accounts breached, as well? Are they being treated identically to other MF Global account holders in terms of the massive amounts of their missing money and the lack of access to what’s rightfully theirs?
If Corzine et al. didn’t keep the vast majority of their money at MF Global, then why not?
It’s been reported that a mere two weeks before filing for bankruptcy, while the skies were darkening for MF Global due to the European tidal wave, Corzine and his wife were apparently chateau shopping in the south of France, no less. While both Corzine and his wife are extremely wealthy people, chateau shopping just 15 days before filing this country’s eighth-largest bankruptcy are not the actions of a man with good analytical skills or who is overly concerned about the fate of his teetering financial empire — unless his own money isn’t at risk. ####
http://www.nypost.com/p/news/business/corzine_financial_my_tery_5cucZtZho95Sr1MhnotnxJ#ixzz2HTaVKt6v
Pelosi’s dad was a crooked Baltimore politician.
If she was ever to be called on it all she would have to say is “I’m a democrat”.
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.