Friday, May 21, 2010
Is Obama the ultimate fox in the hen house?
Jane Hamsher at Firedoglake has the story. Hopefully the net will become one big echo chamber on this one.
Thursday, December 24, 2009
Investigate Ongoing White House Corruption
Major hat tip to firedoglake and Jane Hamsher!
December 23, 2009
Attorney General of the United States of America
U.S. Department of Justice
950 Pennsylvania Avenue, NW
Washington, DC 20530-0001Dear Attorney General Holder:
We write to demand an immediate investigation into the activities of White House Chief of Staff Rahm Emanuel. We believe there is an abundant public record which establishes that the actions of the White House have blocked any investigation into his activities while on the board of Freddie Mac from 2000-2001, and facilitated the cover up of potential malfeasance until the 10-year statute of limitations has run out.
The purpose of this letter is to connect the dots to establish both the conduct of Mr. Emanuel and those working with him to thwart inquiry, and to support your acting speedily so that the statute of limitations does not run out before the Justice Department is able to empanel a grand jury.
The New York Times reports that the administration is negotiating to double the commitments to Fannie and Freddie for a total of $800 billion by December 31, in order to avoid the congressional approval that would be needed after that date. But there currently is no Inspector General exercising independent oversight of these entities. Acting Inspector General Ed Kelly was stripped of his authority earlier this year by the Justice Department, relying on a loophole in a bill Mr. Emanuel cosponsored and pushed through Congress shortly before he left for the White House. This effectively ended Mr. Kelly’s investigation into what happened at Fannie and Freddie.
Since that time, despite multiple warnings by Congress that having no independent Inspector General for a federal agency that oversees $6 trillion in mortgages is a serious oversight, the White House has not appointed one.
We recognize that these are extremely serious accusations, but the stonewalling by Mr. Emanuel and the White House has left us with no other redress. A 2003 report by Freddie Mac’s regulator indicated that Freddie Mac executives had informed the board of their intention to misstate the earnings to insure their own bonuses during the time Mr. Emanuel was a director. But the White House refused to comply with a Freedom of Information Act request from the Chicago Tribune for those board minutes on the grounds that Freddie Mac was a “commercial” entity, even though it was wholly owned by the government at the time the request was made.
If the Treasury approves the $800 billion commitment to Fannie and Freddie by the end of the year, it will mean that under the influence of Rahm Emanuel, the White House is moving a trillion-dollar slush fund into corruption-riddled companies with no oversight in place. This will allow Fannie and Freddie to continue to purchase more toxic assets from banks, acting as a back-door increase of the TARP without congressional approval.
Before the White House commits any more money to Fannie and Freddie, we call on the Public Integrity Section in the Justice Department to begin an investigation into the cause of Fannie and Freddie’s conservatorship, into Rahm Emanuel’s activities on the board of Freddie Mac (including any violations of his fiduciary duties to shareholders), into the decision-making behind the continued vacancy of Fannie and Freddie’s Inspector General post, and into potential public corruption by Rahm Emanuel in connection with his time in Congress, in the White House, and on the board of Freddie Mac.
We also call for the immediate appointment of an Inspector General with a complete remit to go after this information.
We both come from differing political ideologies. One of us is the conservative head of a transparency foundation, and the other is the publisher of a liberal political blog. But we make common cause today out of grave concern for the future of our country in the wake of corruption-riddled bailouts. These bailouts continue to rob Main Street to benefit Wall Street, and, because of that, we together demand the resignation of Mr. Emanuel, a man who has steadfastly worked to obstruct both oversight and inquiry into the matter. Rahm Emanuel’s conflicts of interest render him far too compromised to serve as gatekeeper to the President of the United States.
We will lay out the details further below, and are available at your earliest convenience to meet with you directly.
Sincerely,
source
Tuesday, January 01, 2008
Huckabee has anti-war activists arrested
Some folks in Hampton Roads are familiar with one of the anti war activists. Kathy Kelley (who made an appearnace recently at the Naro) was arrested. Kelley, the co-director for VCNV, stated, “We’re very respectful of the Iowa caucus process and the long history behind it but we feel quite strongly that the issues of this war must be inserted into the process of narrowing down the candidates for the presidential election.” (Source)Eight members of Iowa Occupation Project and Voices for Creative Nonviolence wanted to know how Huckabee rationalized his Christian background with his support for the war in Iraq:
I guess Huckabee wasn't much interested in giving an answer because he had them arrested.Eight members of the Iowa Occupation Project and Voices for Creative Nonviolence arrived at Huckabee’s Locust St. campaign office early Monday afternoon, waiting for the former Arkansas governor’s reply to a letter delivered two months ago that sought his pledge to completely withdraw from Iraq within 100 days of assuming office; halt all military actions against Iraq and Iran; fund the rebuilding of Iraq as well as health, education and infrastructure needs in the U.S.; and “…the highest quality health care, education and jobs training benefits for veterans of our country’s Armed Services.”
The people of this country want to know what positions all of the candidates have on the Iraq War and the question of withdrawal. It appears that Dennis Kucinich (D) and Ron Paul (R) are the only candidate who willing to discuss the Iraq War. These are the two candidates that the other contenders (and the corporate interests and their media) are blocking from participating in the debates. The American people deserve more than "public relations and marketing" tv spots that are presented as presidential debates.