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Saturday, June 21, 2008
BoA buying Countrywide, pays off Dodd
In a RedState.com email alert:
In breaking news, the Washington Examiner is reporting this afternoon that Bank of America, which is buying Countrywide Financial, gave Senator Chris Dodd $70,000.00 in campaign contributions over the past year.
According to the Examiner, after Bank of American paid Senator Dodd, the Senator let Bank of America's lobbyists write the mortgage bailout legislation. Senator Dodd already received a sweetheart deal from Countrywide Financial.
and from the Washington Examiner:
http://www.examiner.com/a-1449448~Bank _of_America _PAC_money _behind_Dodd_s _Countrywide_loan.html
Commentary - Bank of America PAC money behind Dodd's Countrywide loan
By Timothy Carney, Examiner
WASHINGTON (Map, News) - "We call it the 'Bank of America bill on steroids.'" A House staffer told me that, demanding anonymity, but speaking on behalf of aides to GOP members of the House Financial Services Committee.
He was talking about the bill whose Senate version has been brought to the floor this week by Sen. Chris Dodd, D-CN, and Sen. Richard Shelby, R-AL. Dodd-Shelby would let mortgage lenders off the hook for bad loans, shifting the burden ultimately to taxpayers. Dodd has received approximately $70,000 in campaign contributions from Bank of America in the last year-and-a-half.
Dodd-Shelby hit the Senate floor this week amid controversy over sweetheart loan deals Dodd and other powerful politicians received from Countrywide Financial, the lender with the most exposure to subprime mortgages at risk of default.
Some journalists and Republican lawmakers are asking if Countrywide bought a bailout bill with its VIP loans to Dodd, who is chairman of the Senate Banking Committee. But when asking cui bono? about Dodd's bill, we need to look to Bank of America.
Bank of America agreed in January to buy Countrywide, and the deal is near completion. House and Senate staffers opposing the measure say Bank of America operatives wrote that chamber's version of the bailout.
One Senate staffer was told by a lobbyist, "the bailout section is exactly what Bank of America and Countrywide wanted." The Senate staffer added "its obvious they got what they asked for."
Bank of America was able to buy Countrywide for around $7 per share. Countrywide's exposure to default is why Bank of America would benefit so acutely from a subprime mortgage bailout like Dodd-Shelby.
Countrywide's VIP loan to Dodd, which saves the Banking Committee chairman $75,000 over 30 years, smells like a potential quid-pro-quo now that Dodd has pushed a bill that will save the company from itself, but what about Bank of America's behavior?
These aren't bank tellers funding Dodd, either, as contributors include Bank of America's director of government affairs John Collingwood and Barbara Desoer, who oversees the merger with Countrywide and will "run the combined companies' mortgage operations," according to The Los Angeles Times.
Only Barack Obama and Hillary Clinton have received more Bank of America money than Dodd during the current election cycle. Republican nominee John McCain slightly trails Dodd, with $64,000 in reported Bank of America contributions.
[go to Examiner to read the whole story]
===
Okay, I am convinced that BoA is buying votes of every available politician wherever/whenever. In McCain's case, he has a proven track record with involvement in bank scandals and giving political cover to Democrats. The bases have been covered, millions spread around liberally, and politicians bought. The "fix" is in.
I have a question: What is Shelby's involvement beyond giving Dodd (very little) cover? How much money did Shelby take from Countrywide/BoA to be the GOP frontman for this bailout? It is another shakedown of the taxpayers. Crooks in government line their pockets at taxpayer expense. SSDD
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Saturday, January 26, 2008
Florida Governor Crist Endorses McCain
Another amnesty panderer decides to open his hand for all to see. Florida Governor Charlie Crist has endorsed primo panderer John McCain.
Cross posted from Yahoo! News. Yahoo links are crapola and worthless in 24 hours.
Fla. governor endorses McCain
By LIBBY QUAID, AP Writer
ST. PETERSBURG, Fla. - Florida Gov. Charlie Crist endorsed a beaming Sen. John McCain on Saturday night, delivering a boost three days before the state's pivotal primary.
Crist praised McCain as a "true American hero." At a county GOP dinner in St. Petersburg, Crist added, "After thinking about it as much as I have, I don't think anybody would do better than the man who stands next to me, Sen. John McCain."
[Ahhh, Governor Crist is confusing McCain's service in the navy with his liberal and nearly unamerican activites as a legislator. Noting he has done for Charles Keating and forward from there qualifies as heroic. Does anyone think that divorcing his (car crash) disabled first wife, after he came home from the Hanoi Hilton, qualifies as heroic? How about it Governor Crist?]
It was the second high-profile endorsement in as many days for McCain, who is locked in a tight primary race with former Massachusetts Gov. Mitt Romney. Crist stepped to the podium a little more than 24 hours after Sen. Mel Martinez announced he was backing his colleague in the Senate. Officials said Martinez, who campaigned Saturday with McCain, had prodded the governor to follow his lead.
Crist said he would campaign for McCain in the coming days. "I just feel in my heart he's the right man for the job at the right time," he told reporters afterward.
The winner of next week's primary will capture all 57 delegates at stake, a large prize that will set the stage for a virtual nationwide primary on Feb. 5.
[note: Senator Mel Martinez, another member of the US Senate RINO pander squad, also announced endorsed McCain.]
At the very least, the nods of Florida's two top Republican elected officials could serve to validate McCain's candidacy with the GOP establishment and counteract the fears among some that he would not be a loyal Republican while in the Oval Office.
[Really? How can having endorsements of panderers relieve the concerns of conservatives that a pandering McCain will do anything but throw out the sovereignty of the USA and permanently damage the Republican brand. McCain is NOT conservative!]
McCain campaigned for Crist during his 2006 campaign for governor, endorsing him before the primary and appearing with him the day before the election, when Crist opted not to appear with President Bush at a Pensacola rally.
Giuliani also campaigned with Crist, and Romney delivered a $1 million check as chairman of the Republican Governors Association.
===
It sure sounds like loyalty to a fellow amnesty panderer trumps all. The true conservatives are getting a good look at their elected officials. I hope they remember it during the next election. This certainly proves that not all politicians can be bought with money. Socialist ideolgy sometimes wins out.
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Edited on: Sunday, January 27, 2008 1:32 PM EST
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Monday, April 30, 2007
Analogy for Bush Amnesty
Cross posted from Coalition Against Illegal Immigration and Illegal Aliens Must Go
also cross posted at No Amnesty - GOT IT?
By John W. Lillpop
George W. Bush, for reasons known only to his therapist and pet snake, is intent on destroying America. His number one objective seems to be allowing enough peasants to come here illegally so that America itself will decay into a third-world cesspool akin to Mexico.
Excepting a few stalwart conservatives, the Bush plan to trash America has wide support from liberals who salivate at the prospect of 20-30 million new instant Democrats.
Profit-driven business tycoons with little or no concern for homeland security, U.S. sovereignty, rule of law, and preservation of American language and culture, are also eager to legalize millions of people who will work for below-minimum wage and without benefits.
Of course, elitists like Bush, liberal politicians, and business executives can dismiss valid concerns about the "Mexicanization" of America because their lives will be shielded from the devastation.
Elitists' children will attend private schools free from the hordes of non-English speaking invaders who impede the instruction of real American students
Elitists' homes will be in upscale residential areas where invaders cut lawns and scrub toilets, but cannot afford to live.
Elitists' churches and other places of worship will remain segregated by neighborhood and wealth.
In other words, to elitists like George W. Bush, greedy business people, and Democrats, the deterioration of America will be virtually invisible.
However, for what remains of America's middle and lower classes, the Mexicanization of America will mean an abrupt and bitter end to the American Dream.
Liberal spin-doctors will even try to sell the ruination of America as a good thing because, according to the socialist's pledge of allegiance, "Diversity is our greatest strength!"
What hope is there if elitists in power cannot or will not understand the stupidity of open borders and amnesty?
Perhaps a graphic, but simple, analogy might help.
Let's say you planned a grand birthday party to celebrate your daughter's 10th birthday. Your daughter's favorite treat is Dryer's deluxe ice cream so you plan to serve that delicacy on the big day.
On the day of the party, a liberal nut case crashes the party and heads for the ice cream vat. The interloper decides that the ice cream, although the very finest in the entire world, is too plain and thus decides to "spice up" the eagerly anticipated dessert.
She does so by adding a several scoops of potting soil to the vat of rich and creamy Dryer's ice cream.
In so doing, the liberal has achieved the highly-coveted socialist goal of "diversity."
Unfortunately, she has also ruined a vat of priceless ice cream, and destroyed a dream day for a precocious ten-year old.
Elitists must not be allowed to ruin our great heritage and culture for cheap labor, cheap votes, or very costly socialist schemes that would end the American dream for hundreds of millions of citizens who deserve much better!
[I have a suggestion for identifying the elitists. In every case we have seen so far, they are associated with one of the shadowy college groups like the 'skull and bones' society. Bushie is a 'bonesman' as is John Kerry. Both are pro-amnesty and I bet if we identify others we will find that they are a driving force in the Mexification of the USA.]
Edited on: Monday, April 30, 2007 11:32 AM EDT
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Monday, April 02, 2007
The pet food scandal
As the weeks drag on more is coming out. Menu Foods in Canada was listed as the manufacturer with a supplier of contaminated wheat gluten from China. The latest info from Associated Press is that the supplier is in the USA that the FDA refuses to disclose. The FDA is after all a bureaucracy. Bureaucrats are available to the highest bidders and there are mega bucks in the food industry. Wheat gluten is a protein and is used in many pet and human foods, ice cream, macaroni products, some instant chocolate beverages, breakfast cereals, etc.
My questions:
- How much of this USA supplied wheat gluten was used in human food?
- Why is the FDA hiding the identity of this US supplier?
Looks like some very heavy CYA is going on right now.
[update: Looks like Nestle-Purina is a MAJOR importer of chinese wheat gluten though they claim that the contaminated product was limited to pet foods. I still cant get it out of my head that this is a producer of many human food products through the Nestle side of the business. Wheat gluten is WIDELY used in food products including chocolate beverages. Does Nestles Quick use any wheat gluten? It is a common additive to this type of beverage. I have to check if I have any in the pantry. Gluten is also common in noodle products, breakfast cereals, and ice cream products. Is this the US manufacturer that the FDA is shielding? BTW didja know that Nestle is a Swiss company?]
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Edited on: Saturday, April 07, 2007 10:33 AM EDT
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Monday, March 12, 2007
Romney to attempt to purchase the Presidency
Estimates of his personal wealth place him in the 500 million dollar range. He is busily purchasing favor with various conservative linked groups and organizations with very large donations.
For the story behind the story...
Sunday, March 11, 2007 9:45 a.m. EDT
Romney Worth $500 Million Plus, Times Says
Former Massachusetts Gov. Mitt Romney is the richest man in the presidential race.
Presidential candidates are not required to disclose their net worth, and Romney has not. But analysts who track compensation in Romney’s business field said it was likely to exceed $500 million, according to a report in Saturday's New York Times.
Romney built his fortune with the Boston-based Bain Capital, a venture and buyout firm. In 1984, Romney began investing Bain’s $40 million venture fund that eventually grew to billions. Romney’s fund was the first investor in Staples, the office supplies store.
The Times also suggests that Romney has been using his personal wealth to woo conservative support for his presidential bid.
Examples include:
# Recently, a foundation controlled by Romney made contributions of $10,000 to $15,000 to each of three Massachusetts organizations associated with major national conservative groups: the anti-abortion Massachusetts Citizens for Life, Massachusetts Citizens for Limited Taxation, and the Christian conservative Massachusetts Family Institute.
# Romney and his supporters also contributed about $10,000 to a nonprofit group affiliated with the National Review.
# In the last couple of years, Romney contributed $35,000 to the Federalist Society, an influential network of conservative lawyers.
# In December 2005, Romney contributed $25,000 to the Heritage Foundation, a leading conservative research organization.
The Times report noted that coming on the eve of his presidential campaign, Romney’s contributions might create the appearance of a conflict of interest for groups often asked to evaluate him.
For example, Romney critics have already zeroed in on a $15,000 donation to Massachusetts Citizens for Life — arguing that he is trying to buy the group’s support.
Additionally, Romney-watchers have pointed out that the contributions listed above are to groups to which he had never contributed before.
The paper noted that in 2002 Romney ran the most expensive race for governor in Massachusetts history -- spending about $6 million of his own money on a campaign that rang in at a hefty $9.4 million.
Meanwhile, Romney spokesman Kevin Madden said that Romney’s donations simply demonstrated his convictions. "He has donated his time and his effort and whatever resources he can to help advance their causes,” Madden said.
Public financial disclosure forms completed by presidential candidates do not reveal net worth. Madden added that the campaign had not yet decided whether to release Romney’s tax returns.
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Edited on: Monday, March 12, 2007 1:57 AM EDT
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