Posts Tagged ‘Lehman’

Corrupt Financier Bernard Madoff Supported Democrats

October 6, 2009

Take a gander at king of thieves Bernard Madoff’s political contributions.  Then explain to me how the Republican Party is the party of greed.

The top three donations to the Democrats all dated 03/18/09, by the way, are in fact three separate donations (totaling over $75,00).

Contributor Candidate or PAC Amount Date FEC Filing
MADOFF, BERNARD L
NEW YORK, NY 10022
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $-25,000
primary
03/18/09
MADOFF, BERNARD L
NEW YORK, NY 10022
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $-25,000
primary
03/18/09
MADOFF, BERNARD L
NEW YORK, NY 10022
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $-25,000
primary
03/18/09
MADOFF, BERNARD L
NEW YORK, NY 10022
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $-25,000
primary
03/18/09
Madoff, Bernard L. Mr.
New York, NY 10021
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE $-10,000
primary
02/27/09
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L. MADOFF INVEST.-SEC./CHAI
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $25,000
primary
09/12/08
Madoff, Bernard L. Mr.
New York, NY 10021
Bernard L. Madoff Investment Securi
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE $5,000
primary
08/20/08
MADOFF, BERNARD
NEW YORK, NY 10022
SELF EMPLOYED/INVESTOR
MERKLEY, JEFFREY ALAN (D)
Senate – OR
JEFF MERKLEY FOR OREGON
$2,300
primary
04/24/08
Madoff, Bernard L.
New York, NY 10021
SAUL, ANDREW MARSHALL (R)
House (NY 19)
SAUL FOR CONGRESS INC
$-2,300
primary
12/05/07
Madoff, Bernard L
New York, NY 10021
Bernard Madoff Investment/Chairman
LAUTENBERG, FRANK R (D)
Senate – NJ
LAUTENBERG NJ VICTORY COMMITTEE
$300
primary
07/20/07
Madoff, Bernard L
New York, NY 10021
Bernard Madoff Investment/Chairman
LAUTENBERG, FRANK R (D)
Senate – NJ
LAUTENBERG NJ VICTORY COMMITTEE
$5,000
primary
07/20/07
Madoff, Bernard L
New York, NY 10021
Bernard Madoff Investment/Chairman
LAUTENBERG, FRANK R (D)
Senate – NJ
LAUTENBERG NJ VICTORY COMMITTEE
$2,300
primary
07/20/07
Madoff, Bernard L.
New York, NY 10021
Bernard L. Madoff Investment/Chairm
SAUL, ANDREW MARSHALL (R)
House (NY 19)
SAUL FOR CONGRESS INC
$2,300
primary
07/10/07
Madoff, Bernard L Mr.
New York, NY 10021
Bernard L. Madoff Investment Securi
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE $5,000
primary
05/24/07
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L. MADOFF INVEST.-SEC./CHAI
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $25,000
primary
05/04/07
Madoff, Bernard L Mr.
New York, NY 10021
Bernard L. Madoff Investment Securi
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $5,000
primary
10/17/06
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L. MADOFF INVEST. SEC./CHAI
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $25,000
primary
09/30/06
Madoff, Bernard L Mr.
New York, NY 10021
Bernard L. Madoff Investment Securi
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $5,000
primary
09/22/05
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVEST SEC
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE (D) $25,000
primary
05/09/05
Madoff, Bernard
New York, NY 10021
Madoff Investments/Chairman
MATHESON, JAMES (D)
House (UT 02)
MATHESON FOR CONGRESS
$250
general
10/18/04
Madoff, Bernard L
New York, NY 10021
FROST, MARTIN (D)
House (TX 32)
MARTIN FROST CAMPAIGN COMMITTEE
$250
general
10/15/04
Madoff, Bernard
New York, NY 10021
Self-employed/Banker
HOOLEY, DARLENE (D)
House (OR 05)
HOOLEY FOR CONGRESS
$250
general
10/15/04
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVESTMENTS
SCHUMER, CHARLES E (D)
Senate – NY
FRIENDS OF SCHUMER
$1,000
general
08/18/04
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVESTMENTS
SCHUMER, CHARLES E (D)
Senate – NY
FRIENDS OF SCHUMER
$1,000
primary
08/18/04
Madoff, Bernard L Mr.
New York, NY 10021
Madoff (Bernard L.) Investment Secu
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $5,000
primary
07/08/04
Madoff, Bernard L
New York, NY 10021
Madoff Investments/Chairman
MARKEY, EDWARD J MR. (D)
House (MA 07)
MARKEY COMMITTEE, THE
$2,000
primary
06/17/04
Madoff, Bernard L
New York, NY 10021
Madoff Investments/Chairman
MARKEY, EDWARD J MR. (D)
House (MA 07)
MARKEY COMMITTEE, THE
$2,000
general
06/17/04
MADOFF, BERNARD
NEW YORK, NY 10021
BERNARD MADOFF INVESTMENTS
LAUTENBERG, FRANK R (D)
Senate – NJ
LAUTENBERG FOR SENATE
$1,000 02/18/04
Madoff, Bernard L
New York, NY 10021
Bernard L Madoff/Chairman
GEPHARDT, RICHARD A (D)
President
GEPHARDT FOR PRESIDENT INC.
$2,000
primary
09/23/03
MADOFF, BERNARD
NEW YORK, NY 10021
BERNARD MADOFF INVESTMENTS
WYDEN, RONALD LEE (D)
Senate – OR
WYDEN FOR SENATE
$2,000
general
03/25/03
MADOFF, BERNARD
NEW YORK, NY 10021
BERNARD MADOFF INVESTMENTS
WYDEN, RONALD LEE (D)
Senate – OR
WYDEN FOR SENATE
$2,000
primary
03/25/03
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVESTMENTS
SCHUMER, CHARLES E (D)
Senate – NY
FRIENDS OF SCHUMER
$1,000
general
04/08/02
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVESTMENTS
SCHUMER, CHARLES E (D)
Senate – NY
FRIENDS OF SCHUMER
$1,000
primary
04/08/02
Madoff, Bernard L.
New York, NY 10022
Bernard L. Madoff P.C./Chairman
RANGEL, CHARLES B (D)
House (NY 15)
RANGEL FOR CONGRESS
$1,000
primary
08/30/01
MADOFF, BERNARD
NEW YORK, NY 10022
BERNARD L MADOFF INVESTMENT SECURIT
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $2,000
primary
11/03/00
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD MADOFF INVESTMENT SEC
FOSSELLA, VITO (R)
House (NY 13)
COMMITTEE TO RE-ELECT VITO FOSSELLA
$1,000
primary
04/20/00
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD MADOFF INC
OBEY, DAVID R. (D)
House (WI 07)
A LOT OF PEOPLE FOR DAVE OBEY
$1,000
primary
03/10/00
MADOFF, BERNARD
NEW YORK, NY 10022
CHAIRMAN
CLINTON, HILLARY RODHAM (D)
Senate – NY
HILLARY RODHAM CLINTON FOR US SENATE COMMITTEE INC
$1,000
primary
01/13/00
MADOFF, BERNARD
NEW YORK, NY 10022
BERNARD L MADOFF INVESTMENT SECURIT
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $2,000
primary
12/20/99
MADOFF, BERNARD
NEW YORK, NY 10022
BERNARD L MADOFF INVESTMENT SECURIT
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION FUND A $2,000
primary
12/20/99
MADOFF, BERNARD
NEW YORK, NY 10021
MADOFF SECURITIES
CORZINE, JON S (D)
Senate – NJ
CORZINE 2000 INC
$1,000
primary
08/24/99
Madoff, Bernard Mr.
New York, NY 10021
Bernard Madoff Investment Securitie
BRADLEY, BILL (D)
President
BILL BRADLEY FOR PRESIDENT INC
$1,000
primary
04/26/99
MADOFF, BERNARD L
NEW YORK, NY 10021
BERNARD L MADOFF INVESTMENT SECURIT
SCHUMER, CHARLES E (D)
Senate – NY
VICTORY IN NEW YORK
$1,000
primary
10/30/98
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L MADOFF PC
RANGEL, CHARLES B (D)
House (NY 15)
RANGEL FOR CONGRESS
$1,000
general
10/23/98
MADOFF, BERNARD L
NEW YORK, NY 10021
SELF-EMPLOYED
D’AMATO, ALFONSE M (R)
Senate – NY
FRIENDS OF SENATOR D’AMATO (1998 COMMITTEE)
$1,000
general
09/21/98
MADOFF, BERNARD
NEW YORK, NY 10022
CROWLEY, JOSEPH (D)
House (NY 07)
CROWLEY FOR CONGRESS
$-500
primary
08/26/98
MADOFF, BERNARD
NEW YORK, NY 10022
BOND BROKER
CROWLEY, JOSEPH (D)
House (NY 07)
CROWLEY FOR CONGRESS
$500
primary
08/04/98
MADOFF, BERNARD
NEW YORK, NY 10021
SCHUMER, CHARLES E (D)
Senate – NY
SCHUMER ’98
$-300
primary
06/29/98
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L MADOFF INVESTMENT SECURIT
SCHUMER, CHARLES E (D)
Senate – NY
SCHUMER ’98
$1,000
general
05/22/98
MADOFF, BERNARD L
NEW YORK, NY 10022
BERNARD L MADOFF INVESTMENT SECURIT
SCHUMER, CHARLES E (D)
Senate – NY
SCHUMER ’98
$1,000
primary
05/22/98

When you take a look at who the nation’s biggest scumbags and crooks actually support, it should set to rest the lie that the Republican Party is the party that advanced these people’s greedy self-interests.

Take a look at Norman Hsu, who was a major Democrat fundraiser – and a major Democrat scumbag.  Take a look at Hassan Nemazee.  The Democrats have all sorts of slimeballs who make Jack Abramoff – as bad as he was – look like a chump change operator.

And you maintain that the REPUBLICANS are the party of greed and fraud?  And you want to give DEMOCRATS total power to control everything?  We’re about to see that actions have consequences.

Take a look at your corrupt new Chicago president.  Senator Barack Obama was the largest single recipient of corrupt and collapsed Fannie Mae campaign contributions over the last 20 years – even though he had only been in the Senate for four of those 20 years.  There is no question that Fannie Mae was at the epicenter of the subprime mortgage disaster (see here for a concise summary of the AEI article) that created the financial meltdown in 2008.  Even the liberal Newsweek acknowledges that “Fannie Mae defanged laws that could have prevented the subprime mess.”  And how did they do that?  By supporting lawmakers like Barack Obama who took their side.

Conservatives repeatedly tried – to no avail in the face of united Democrat opposition – to stop the monster (that Democrats supported, and received support from) from growing and then collapsing and taking the economy along with it.

Now Democrats are on their way to rebuilding the monster so that we can have another collapse down the road.

Obama was also right at the head of the line in campaign handouts from corrupt and collapsed Wall Street player Lehman Brothers.  Lehman Bros. was one of the worst players in the subprime game that made them so much money before exploding – and imploding the economy.

Obama had all sorts of “subprime buddies.” Obama was getting huge money from all of the very worst of the worst Wall Street players who brought us down.  You should seriously take a look at all the greedy and Wall Street entities and executives who piled money into Obama’s hands and ask yourself why they funded him.

Democrats are yelling for regulations as the “solution” to the problems caused by the free market.  But before you fall for that load of malarkey, just realize that Fannie Mae and Freddie Mac were Government Sponsored Enterprises (GSEs) – and fell under the direct oversight of the government.  The reason Democrats want to have so much authority over the economy is so they can benefit from all the cozy and profitable relationships that accrue from the finance world coming to politicians for special treatment favors.

Did Barney Frank’s regulatory oversight over Fannie Mae and Freddie Mac stop their collapse?  Hardly.  In 2003, when George Bush first tried to create regulations that may well have prevented the 2008 collapse, Barney Frank represented the overwhelming Democrat opposition when he said:

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

And just before Fannie and Freddie – which controlled half of the nation’s total mortgages – collapsed, Barney Frank (who had direct authority over the GSEs as Chairman of the House Financial Services Committee) said:

REP. BARNEY FRANK, D-MASS.: “I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They’re not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward.”

You can watch Democrats fiddling while Rome burned on Youtube:

The Democrats’ “regulations” amounted to the foxes being put in charge of keeping the chickens safe.

And we’re currently seeing an explosion of frankly quasi-fascist interrelated influence between the White House and giant Wall Street entities under the president who has been bought and sold by the same people who destroyed the economy.

If you want the truth today, you have to go out and seek it.  Because the media today is as dishonest and as much of a propaganda tool for Democrats as TASS and Pravda used to be for the Union of Soviet Socialist Republics.

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Obama Economic Plan 4.0 – Like Monkeys Randomly Typing

September 19, 2008

Obama’s “economic plan” (if you can call a pandering ad hoc system based on demagoguery and half-truths a “plan”) has now just entered its fourth version.  At some point, you have to wonder if all the monkeys Obama has randomly pounding away on their keyboards really know what they are doing.

It was only a couple weeks ago that I wrote an article titled, “WSJ Obama Tax 3.0: When even 3 times is NOT a charm” from a Wall Street Journal story.  I wrote:

The Wall Street Journal offered a publication-wide editorial that pointed out the fact that Barack Obama’s economic plan is now undergoing its third incarnation.

The Obama campaign has been attacking the Bush economic plan, and trying to label McCain’s economic plan for being a “third Bush term.”  But at least they have a plan; Obama now has three.

A pandering-based economic plan that shifts as the winds blow is not one that is worthy of trust.

And now, great googly-moogly, there’s already an AP story about “Obama to meet economic advisers to offer new plans.”

The answer to your question is, “Yes, it DOES hurt being right all the time.”  Tell you what; elect me President, and I promise to keep randomly throwing darts at the economic system until some of them actually stick.

The Associated Press article says:

Obama, the Democratic presidential nominee, was to meet with advisers in Coral Gables, Fla., on the campus of the University of Miami and then announce his new proposals. Buffett and O’Neill and perhaps others were to participate by way of a telephone conference call.

Less than seven weeks before Election Day, the high-profile consultations appeared designed to portray Obama in a presidential-like setting, grappling with the nation’s gravest problems and making decisions with the help of a big-name team of experts.

This actually would be laughable if the stakes weren’t so enormous.  Our economy is a point of genuine crisis, and we’re actually considering electing a candidate for President who has now thrown together four different economic plans – and still counting.

The same guy who has now needed four economic plans mocked John McCain for calling for a commission to study what went wrong in the financial meltdown, saying, “We know how we got into this mess.”

Barack, if you’ve got such a great handle on the economy, then why have you now needed four different economic plans, with two of those plans coming in less than a fortnight?  Tell us exactly what DID go wrong – considering this situation has a lot of experts scratching their heads.  And make sure not to overlook anything, because we don’t want to go through this again.

Obama also just said, “This is not a time for fear, it’s not a time for panic,” Obama said Thursday in New Mexico. “This is a time for resolve and it is a time for leadership.”

No, Obama, apparently it’s a time for naked fear, given the fact that you personally and deliberately contributed to fears in an already unstable speculative market just a couple of days earlier, when you said: the upheaval on Wall Street was “the most serious financial crisis since the Great Depression.”  It was panic from just such fears that actually caused the Great Depression in the first place.  RUN TO THE BANK, EVERYONE; GET YOUR MONEY NOW!!! John McCain, for his part, has presidential helped try to reassure nervous investors that the fundamentals of the economy are still sound.  Obama’s response was to mock him further for that attempt at reassurance. 

A vote for Barack Obama is a vote to put the most inexperienced, the most liberal, the most radical, the most “loyalty-to-party-first” candidate – who has voted with Nancy Pelosi and Harry Reid over 95% of the time – we’ve ever seen run for President.  And he is hip deep in the pockets of the people who caused this mess.  Obama is second on the list of Fannie Mae and Freddie Mac campaign money recipients only after fellow Democrat Chris Dodd; and he is second on the list of Lehman Bros’ campaign money recipients only after fellow Democrat Hillary Clinton.   And Obama has key campaign advisors – such as Jim Johnson, Franklin Raines, and Jamie Gorelick- who personally made tens of millions of dollars from these very institutions.

We can not afford a Barack Obama presidency.  Aside from the fact that he is massively part of the problem he is now trying to hang on others, he simply doesn’t have a clue how to navigate the nation out of a crisis such that few have seen in their lifetimes.