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The Most Corrupt Administration in History?
By Chuck MacNab
This is an interesting story put together from various
articles and TV shows by the British Times. It shows what Obama and his friends
are really all about. It's not hope and change, it is money.
I warn you, the first part is a little boring, but stick
with it. The second part connects all the dots for you (it will open your
eyes). The end explains how Obama and all his cronies will end up as multi-billionaires.
(It's definitely worth the read. You will not be disappointed).
A small bank in Chicago called SHOREBANK almost went
bankrupt during the recession. The bank made a profit on its foreign
micro-loans (see below) but had lost money in sub-prime mortgages in the US .
It was facing likely closure by federal regulators. However, because the bank's
executives were well connected with members of the Obama Administration, a
private rescue bailout was arranged. The bank's employees had donated money to
Obama's Senate campaign. In other words, ShoreBank was too politically
connected to be allowed to go under.
ShoreBank survived and invested in many "green" businesses
such as solar panel manufacturing. In fact, the bank was mentioned in one of
Obama's speeches during his election campaign because it subjected new business
borrowers to eco-litmus tests.
Prior to becoming President, Obama sat on the board of the
JOYCE FOUNDATION, a liberal charity. This foundation was originally established
by Joyce Kean's family which had accumulated millions of dollars in the lumber
industry. It mostly gave funds to hospitals but after her death in 1972, the
foundation was taken over by radical environmentalists and social justice
extremists.
This JOYCE FOUNDATION, which is rumored to have assets of
8 billion dollars, has now set up and funded, with a few partners, something called
the CHICAGO CLIMATE EXCHANGE, known as CXX. It will be the exchange (like the
Chicago Grain Futures Market for agriculture) where Environmental Carbon
Credits are traded.
Under Obama's new bill, businesses in the future will be
assessed a tax on how much CO2 they produce (their Carbon Footprint) or in
other words how much they add to global warming. If a company produces less CO2
than their allotted measured limit, they earn a Carbon Credit. This Carbon Credit
can be traded on the CXX exchange. Another company, which has gone over their
CO2 limit, can buy the Credit and "reduce" their footprint and tax liability.
It will be like trading shares on Wall Street.
Well, it was the same JOYCE FOUNDATION, along with some
other private partners and Wall Street firms that funded the bailout of
ShoreBank. The foundation is now
one of the major shareholders. The bank has now been designated to be the "banking
arm" of the CHICAGO CLIMATE EXCHANGE (CXX). In addition, Goldman Sachs has been
contracted to run the investment trading floor of the exchange.
So far so good; now the INTERESTING parts. One ShoreBank co-founder, named Jan Piercy, was a
Wellesley College roommate of Hillary Clinton. Hillary and Bill Clinton have
long supported the bank and are small investors.
Another co-founder of Shorebank, named Mary Houghton, was
a friend of Obama's late mother. Obama's mother worked on foreign MICRO-LOANS
for the Ford Foundation. She worked for the foundation with a guy called Geithner.
Yes, you guessed it. This man was the father of Tim Geithner, our present
Treasury Secretary, who failed to pay all his taxes for two years.
Another founder of ShoreBank was Ronald Grzywinski, a
cohort and close friend of Jimmy Carter.
The former ShoreBank Vice Chairman was a man called Bob
Nash. He was the deputy campaign manager of Hillary Clinton's presidential bid.
He also sat on the board of the Chicago Law School with Obama and Bill Ayers, the
former terrorist. Nash was also a member of Obama's White House transition
team.
(To jog your memories, Bill Ayers is a Professor at the
University of Illinois at Chicago . He founded the Weather Underground, a
radical revolutionary group that bombed buildings in the 60s and 70s. He had no
remorse for those who were killed, escaped jail on a technicality, and is still
an admitted Marxist).
When Obama sat on the board of the JOYCE FOUNDATION, he "funneled"
thousands of charity dollars to a guy named John Ayers, who runs a dubious
education fund. Yes, you guessed it. The brother of Bill Ayers, the terrorist.
Howard Stanback is a board member of Shorebank. He is a
former board chairman of the Woods Foundation. Obama and Bill Ayers, the
terrorist, also sat on the board of the Woods Foundation. Stanback was formerly
employed by New Kenwood Inc. a real estate development company co-owned by Tony
Rezko. (You will remember that Tony Rezko was the guy who gave
Obama an amazing sweet deal on his new house. Years prior to this, the law firm
of Davis , Miner, Barnhill & Galland had represented Rezko's company and
helped him get more than 43 million dollars in government funding. Guess who
worked as a lawyer at the firm at the time. Yes, Barack Obama).
Adele Simmons, the Director of ShoreBank, is a close
friend of Valerie Jarrett, a White House senior advisor to Obama. Simmons and
Jarrett also sit on the board of a dubious Chicago Civic Organization.
Van Jones sits on the board of ShoreBank and is one of the
marketing directors for "green" projects. He also holds a senior advisor
position for black studies at Princeton University . You will remember that Mr. Van Jones was appointed by Obama in
2009 to be a Special Advisor for Green Jobs at the White House. He was forced
to resign over past political activities, including the fact that he is a Marxist.
Al Gore was one of the smaller partners to originally help
fund the CHICAGO CLIMATE EXCHANGE. He also founded a company called Generation Investment
Management (GIM) and registered it in London , England . GIM has close links to
the UK-based Climate Exchange PLC, a holding company listed on the London Stock
Exchange. This company trades Carbon Credits in Europe (just like CXX will do
here) and its floor is run by Goldman Sachs.
Along with Gore, the other co-founder of GIM is Hank
Paulson, the former US Treasury Secretary and former CEO of Goldman Sachs. His
wife, Wendy, graduated from and is presently a Trustee of Wellesley College.
Yes, the same college that Hillary Clinton and Jan Piercy, a co-founder of Shorebank
attended. (They are all friends). Interesting? And now the closing...
Global warming is a goose that lays golden eggs. As a
result, Obama is working feverishly to win the race. He aims to push a
Cap-and-Trade Carbon Tax Bill through Congress and into law.
Obama knows he must get this passed before he loses his
majority in Congress in the November elections. Apart from Climate Change he
will "sell" this bill to the public as generating tax revenue to reduce our debt.
But, it will also make it impossible for US companies to compete in world markets
and drastically increase unemployment. In addition, energy prices (home utility
rates) will sky rocket.
But, here's the KICKER (THE MONEY TRAIL).
If the bill passes, it is estimated that over 10 TRILLION
dollars each year will be traded on the CXX exchange. At a commission rate of
only 4 percent, the exchange would earn close to 400 billion dollars to split between
its owners, all Obama cronies. At a 2 percent rate, Goldman Sachs would also
rake in 200 billion dollars each year.
But don't forget SHOREBANK. With 10 trillion dollars
flowing though its accounts, the bank will earn close to 40 billion dollars in
interest each year for its owners (more Obama cronies), without even breaking a
sweat.
It is estimated Al Gore alone will probably rake in 15 billion
dollars just in the first year. Of course, Obama's "commissions" will be held
in trust for him at the Joyce Foundation. They are estimated to be over 8 billion
dollars by the time he leaves office in 2013, if the bill passes this year. Of
course, these commissions will continue to be paid for the rest of his life.
Some financial experts think this will be the largest "scam"
or"legal heist" in world history. Obama's cronies make the Mafia look like rank
amateurs. They will make Bernie Madoff's fraud look like penny ante stuff. |
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