In the ten most corrupt members of congress list in both 2009 and 2010 Frank helped cause the financial collapse with his push on the Community Reinvestment Act and his protection of Fannie Mae and Freddie Mac when Republicans sought more oversight and regulation of the now bankrupt mortgage giants that are back stopped by taxpayers.
Archive for Category: "Corruption"
Our Professional Criminal Class
There is no excuse for citizens allowing the criminal class we call government to have reached its current level of theft, corruption and plunder.
Obama’s Green Energy Fail
Why anyone thought Dr. Chu was qualified in any fashion to run the Department of Energy defies the imagination. Why anyone still believes that solar and wind energy can replace traditional proven sources of energy is testimony to environmental propaganda and myth-making.
Obama was warned about Solyndra scandal and did nothing
Emails show that an inner circle adviser warned Obama the Energy Sec. Chu was doing a lousy job and would create a scandal for the Obama White House. Obama did nothing and let Chu and his wacko environmental staff throw away half a billion dollars of taxpayer money to a campaign supporter.
Krauthammer: – incompetence, cluelessness – Chu should resign
Another clueless department head in the Obama administration? Chu defends himself like Holder did. “I didn’t know.’ Reminds me of Sgt. Schultz on Hogan’s Heroes who was always saying “I know nothing!”
Bachmann – Solyndragate “stinks” makes Watergate look like childs play
The White House has “to be involved.” She also called for firing of Energy Sec. Chu. Previously she has joined over 50 congressmen calling Eric Holder’s firing. Obama is “leading from behind” on issue after issue.
Barnhardt Capital closes – says futures and options markets are no longer viable
[T]here was no possible way to continue given the inevitability of the collapse of the global financial markets, the overthrow of our government, and the resulting collapse in the rule of law.
Green Fiascoes and Boondoggles
Where is the dividing line between influence peddling, legitimate lobbying, political deal-making, and actual crime? Many farm-state Republicans have supported the uneconomical ethanol boondoggle for decades in exchange for generous support of their electoral campaigns, so the practice is bipartisan.
King of crony capitalism GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits, gets govt. loans & grants
One of the highest spenders on lobbying is General Electric. Along with its subsidiaries, General Electric spent more than $9.5 million on federal lobbying between April and June 2010.
Obama campaign donors get your green in DOE loan scandal
A growing list of Obama supporters that shared in hundreds of millions of taxpayer funds doled out in a rush to green scams. Throw in Pelosi and Reid and the list grows longer.