February 19, 2009

Best government money could buy

Independent prosecutor.

Now.

But that won't happen. The fox is in the henhouse.

The Stanford Financial Group, through its political action committee and employees, has contributed $2.4 million to political candidates, parties and committees in the U.S. since 1989, with nearly two-thirds going to Democrats, according to the Center for Responsive Politics, a group that tracks campaign spending.

Most of that cash flowed during the 2002 election cycle, when Congress was debating a financial services antifraud bill that would have linked the databases of state and federal banking, securities and insurance regulators. The bill ultimately died in the Senate, where the biggest recipients have been Sen. Bill Nelson, D-Fla. ($45,900); Sen. John McCain, R-Ariz. ($28,150); Sen. Chris Dodd, D-Conn. ($27,500); and Sen. John Cornyn, R-Texas ($19,700). Rep. Pete Sessions, R-Texas, also received $41,375.

Stanford and his wife, Susan, also donated $931,100 of their own money, with 78 percent going to Democrats, including $4,600 to President Barack Obama's presidential campaign last May 31. Records show $2,300 of that was returned on the same day.

7 comments:

Anonymous said...

system is rigged folks.there is no way we can have a legitimate society with crap going on.

Anonymous said...

CNN -- Trusting Uncle Sam to spend $787 billion

The government's massive plan to juice the economy is ripe for fraud, waste and corruption. See what's being done to keep it in check.

"Generally, Congress had no record of ever actually doing anything with the oversight reports they get," said Brian Riedl, a federal budget analyst.

Riedl said they'll likely be lots of waste in the bill and recommended making all contract awards subject to competitive bidding.



Hey, but the socialists here loooove to pay taxes to give more money to Pelosi & Co. So that won't be a problem, right?

These idiots will say: "But it's for the children!" ooohhhhh, the children..."It's for the disenfranchised"...ooohhhh the poor junkie-breeders from Santa Monica and San Fran...."It's for Al Gores's fluffy polar bear"..."ooohhh please tax me to the eyeball, Goldman Sachs, I can't take PowerPoint presentation of fluffy polar bear cubs. Please take my money away from me!" "World Central Bank (soon to be announced), I have sinned with my carbon foot print, please transfer all my wealth to your bankster thieves in Europe."

PONZIIIIIIIII...

Anonymous said...

Hey Keith, why don't you make this part from the article in bold also:

including $4,600 to President Barack Obama's presidential campaign last May 31.

The other money contributions were all in bold, why not this part? Funny how that works.

Anonymous said...

word on the street is that stanford was a CIA front, at least in part and it was the agency that called off an SEC investigation 2 years ago.

Anonymous said...

Laundering drug money.

An Afghanistan connection may be forthcoming...

Mitesh Damania said...

Where are they going to get the money? The Chinese, Arabs, and the Japanese have less money due to the depression.

This is definately voodoo economics.

Anonymous said...

Keith,

Seriously, this Madoff thing and Stanford thing are no run of the mill financial crimes.

These are extreme crimes over decades wiping out tens of thousands of families life savings, creating massive hardship and suicides and IMO are 'crimes against humanity'.

Both should be looking at the death penalty, instead of house arrest.

Then maybe we won't have to worry about people who can steal billions over decades and clearly don't have a shred of a conscious.

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