I hear that, these days, Cohee has the affirmative action office of Harvard Law School on speed-dial..gif)
OneUnited Bank Chairman and CEO, Kevin Cohee
JD, Harvard Law School
Board Member, Boston Bank Of Commerce
Formerly with Salomon Bros, Inc.
Thanks to Cong Maxine Waters, OneUnited Bank was bailed out with our tax dollars which helped finance a luxurious lifestyle for chairman and CEO Cohee, including a Porsche and a mansion on the exclusive Pacific Coast Highway.
Cohee's high-flying perks came despite his having been charged in 2007 with felonies after his arrest on suspicion of possessing cocaine, crack cocaine and concentrated cannabis, according to the LA County DA's office. The case was dismissed the next year after Cohee completed a drug diversion program.
Cohee was also arrested in 2007 after a woman filed a complaint alleging that Cohee had forcibly sodomized her, according to public records. Prosecutors did not pursue the assault charge. The Boston Herald quoted Cohee as saying that the arrest was "utter and complete nonsense that went nowhere."
US Representative Barney Frank (D-Mass),House Financial Services Committee chair, helped author the bill that enabled OneUnited Bank and low-performing banks like it to get taxpayers bailout funds. But yesterday he appeared to distance himself from the troubled bank. “I never told any regulator I wanted OneUnited or any other bank to get TARP money," he said, adding, “At no point have I ever suggested any withholding of full regulatory scrutiny." EASY QUESTION FOR BWANEY If there was no withholding of full regulatory scrutiny, which of these regs screwed-over taxpayers?
TITLE I—TROUBLED ASSETS RELIEF PROGRAM (required 'Congressional Oversight' sections listed)
Sec. 101. Purchases of troubled assets.
Sec. 102. Insurance of troubled assets.
Sec. 103. Considerations.
Sec. 104. Financial Stability Oversight Board.
Sec. 105. Reports.
Sec. 107. Contracting procedures.
Sec. 108. Conflicts of interest.
Sec. 111. Executive compensation and corporate governance.
Sec. 116. Oversight and audits.
Sec. 118. Funding.
Sec. 119. Judicial review and related matters.
Sec. 121. Special Inspector General for the Troubled Asset Relief Program.
Sec. 125. Congressional Oversight Panel.
Sec. 127. Cooperation with the FBI.
Sec. 129. Disclosures on exercise of loan authority.
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NOTEWORTHY OneUnited has made only one quarterly dividend payment on its TARP funds, because it’s still struggling financially. The bank lost $283,000 in the second quarter and set no money aside for loan losses, even though its nonperforming loans continue to grow.
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NOW HEAR THIS FWANKIE In HR 1424, there are enough rules, regs and CONGRESSIONAL OVERSIGHT REQUIRED that not one Thin Dime should have been 'misspent.'
The $700B TARP Bailout is now being called, "A MASTERFUL DECEIT." Congress' phony outrage is a puzzlement. The fact is you people flagrantly violated the law by throwing tax dollars at this abominable bank....that had connections. You people screwed-over the taxpayers.
Ergo, by extorting tax dollars for OneUnited Bank, Bwaney and Waters can be charged with several felonies.
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