Down the Drain - How the federal government flushed away the $833 billion stimulus

Feds say they have 1900 cases of stim wrongdoing.....with that number about to explode. Obama said at the stim bill signing at a special ceremony in Colorado that VP Biden would be in charge of "keeping track of every penny."

"Hi there, Americans. Obama put me in charge of the trillion dollar stimulus. My son and brother are gonna help me disperse the money. "

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

Offshore Fraudster had links to offshore fund run by VP's relatives
Reuters on Yahoo | 2/23/09 | BY Ajay Kamalakaran

(Reuters) – A fund of offshore hedge funds run by two members of VP Joe Biden's family was marketed exclusively by offshore firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said.

The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and the offshore Stanford Financial Group entity headquartered in Antigua, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related offshore companies marketed the Biden fund to investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.

Paradigm Global Advisors is owned through a holding company by the vice president Biden's son, Hunter, and Joe Biden's brother, James, according to the WSJ. Paradigm's attorney, Marc LoPresti, who represents Hunter Biden and James Biden, as well as Paradigm, told the paper he did not know which Stanford entity invested the roughly $2.7 million. (Excerpt) Read more at news.yahoo.com ...

NOTE A lawyer for Hunter Biden and James Biden told reporters the Bidens NEVER met or communicated with Stanford. (/snicker)

Stanford is in jail for 110 years---but the Bidens got off scot-free.

HOW POLITICIANS GET THEIR CUT OF GOVT FRAUD

EXHIBIT ONE Then gov-Corzine was running for reelection in NJ---when Obama sent him $17.8 billion stimulus. The stim billions "mysteriously disappeared" once it landed in Wall Street Corzine's hands.

(NOTE Wall Street knows how to make money disappear faster than a cream puff at a Weight-Watcher weigh-in. Can you say offshore money laundering and tax evasion?)

Obama and Biden campaigned relentlessly for Corzine---but w/ 10-1 Democrat registrations and Corzine outspending his opponent----Corzio still lost handily. And Biden made dam sure there's several billion dollars secreted offshore-- for Democrats' re/elections.

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

EXHIBIT TWO Obomba's billion dollar stim --- "minority" farmers pocketing without having to prove they even raised a radish.

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

EXHIBIT THREE Obomba's COS decided he wanted to be Mayor of Chicago (Rahm Emanuel---a Wall Street operator--- was also in charge of the US Treasury during the stim era).

THIS MADE ME LAUGH OUT LOUD The little mobster actually stood in front of a camera an said that "within weeks" he had "raised $10 million" for the mayor's race.

ROTFL.

You fail to grasp what was done. The stimulous and every thing the Obama administration has done is theft. Money has been taken from the treasury on a grand scale and funneled to politically favored operatives.

The corruption is on such a grand scale it can not be grasped.

The thinking must begin with the concept that the Democrat party is a criminal enterprise.

When it comes to corruption, Hamid Karzi is a piker compared to Barack Obama

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.