Charting the Clinton QPQ Cash

8 Responses to Charting the Clinton QPQ Cash

1. J. Soden says:

   Thursday, August 25, 2016 at 1:34 pm

   The current media hysteria sounds a lot like the media hysteria in Britain before the Brexit vote. And after the vote, they were crying foul and wiping the egg off their faces. The same thing certainly CAN happen here.

   And some of our presstitute media bobbleheads are so fanatical in their hysteria, you wonder if their rabies shots are up to date . . . . .

   Reply
   • Dewster says:

     Thursday, August 25, 2016 at 5:48 pm

     Who will cheat better i the election here

     Reply
2. Dewster says:

   Thursday, August 25, 2016 at 5:46 pm

   Clinton money is easy to track. So is Bush money. They run our gov like criminals. The high finance of pay to play and Profit wars. Clinton, Bush, and Obama all guilty. Obama the cleanest of them all.

   Now also Track Trump Donors and his establishment croonies. Better yet track his huge foreign debt and to who!

   Next his donors who bought advisership

   Trump Adviser – John Paulson is responsible crashing the US Mortgage mkt, brought Bank of Scotland to it’s knees, and even Murdoch’s UK Times said he should be paraded through streets of London naked while people throw rotten fruit at him.

   We need to stop this election and start over. #NoTrumpNoHillary

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3. Tina says:

   Thursday, August 25, 2016 at 9:11 pm

   I’ve asked before and I’ll ask again…please give us evidence of ” criminal” Bush money.
   You don’t get to just act like a parrot. If you have evidence provide it!

   “Obama the cleanest of them all.”

   Depends on your perspective. Iran is probably thrilled with Obama’s foreign policy/war leadership. Our troops and military not so much. He took a giant dump on all of the work they did and all they accomplished in Iraq. he left our guys unprotected and fending for themselves in Benghazi. Whatever money he’s spent has been wasted.

   “…also Track Trump Donors and his establishment croonies. Better yet track his huge foreign debt and to who!”

   Why don’t YOU tell us all about it. And, uhhh, Trump has never held office. Whatever debt he might have is his.

   Paulson PREDICTED the housing crash. He did NOT CAUSE IT. Bush warned Congress to do something about it, he could see something bad coming too…Barnie Frank and others thought they knew better. FORBES:

   When John Paulson began raising money for a fund meant to profit from future troubles in the mortgage market, he was somewhat of a joke on Wall Street. Michael Lewis writes in The Big Short that Paulson’s Goldman Sachs coverage said he “was a third-rate hedge fund guy who didn’t know what he was talking about.” The trader handling his orders at Morgan Stanley said about Paulson that “This guy is nuts.”

   According to Gregory Zuckerman’s book, The Greatest Trade Ever, Paulson wanted to raise $1 billion for his mortgage fund, but ultimately stopped at $147 million so skeptical was the smart money at the time. But as is well known now, Paulson’s prescience and timing about the direction of mortgages eventually won him many billions in trading profits.

   He took a risk. He broke no laws. It was the jerks in Congress, and a long line of policy choices that Carter and Clinton established that created the conditions that caused the crash. We’ve covered this time and again on PS. But I will direct our readers who may be interested in truth rather than conspiracy with a few interesting links.

   2005, Barnie Frank

   2008, Boston.com, “Frank’s fingerprints are all over the financial fiasco

   2008, Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown

   2008, Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

   2011, the Atlantic, “Hey, Barney Frank: The Government Did Cause the Housing Crisis”:

   For most of his career, Barney Frank was the principal advocate in Congress for using the government’s authority to force lower underwriting standards in the business of housing finance. Although he claims to have tried to reverse course as early as 2003, that was the year he made the oft-quoted remark, “I want to roll the dice a little bit more in this situation toward subsidized housing.” Rather than reversing course, he was pressing on when others were beginning to have doubts.

   Democrats of course thought GWB was too dumb to know what he was talking about and it turned out they were wrong. Democrats constantly underestimate the opposition. That’s how full of themselves they are. The housing crash illustrates how they make policy based on their voting blocks rather than what works for all Americans.

   TJ Hancock:

   Between 1994 and 2004, Fannie executives improperly reported $10.6 billion of earnings. Franklin Raines, the Clinton-appointed CEO, received over $90 million. Jamie Gorelick — a top Clinton Administration lawyer whom he appointed in 1997 to be Fannie Mae vice chairman despite having no formal financial experience – received over $26 million. Just by way of reference, in 2002, 21 senior Fannie Mae executives received over $1 million each.

   Just before Mr. Clinton curiously appointed Jamie Gorelick to the lucrative Fannie Mae post in 1997, she had authored a very significant and controversial legal document that came into sharp focus on 9-11. Her policy, which became known as the “Gorelick Wall” established barriers that prevented federal anti-terrorist criminal investigators from accessing various federal records and databases…one of the top causes for the 9-11 intelligence failure. … Local Democrat-linked political power brokers, such as Valerie Jarrett and friends, were making fortunes in the Chicago subprime housing market, where ACORN was a major player. … Between 1994 and 2004, according to the report, Fannie Mae improperly reported $10.6 billion in earnings. From 1998 through 2004, Fannie management reported earnings per share (EPS) figures that triggered the maximum bonus payouts they had set for themselves. As described by OFHEO later, “management of Fannie Mae set earnings-per-share targets. And every quarter, they manipulated — or every year, they manipulated the earnings to hit those numbers because their bonuses were based on them. And every year, they got their maximum bonuses…Fannie Mae’s executives were precisely managing earnings to the one-hundredth of a penny to maximize their bonuses.” … Bill Clinton summed up the role of fierce Democrat opposition to GSE regulation in a moment of candor on Good Morning America (relevant section at -2:25 on the video), in September 2008,

   “I think that the responsibility that the Democrats had may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”

   He said nothing about Democrats’ role in actively causing the system crash.

   On September 30, 2008, Representative Artur Davis (D-AL), who had vehemently defended Fannie Mae against regulatory efforts in 2003-2004, echoed President Clinton’s sentiments.

   “Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong.”

   He did not explain how he was “slow” to realize Freddie’s recklessness, which was essentially proven by 2003…or for that matter, Fannie’s which was well proven in 2004. … The top three recipients of Fannie Mae political contributions were #1 Chris Dodd (D-CT), the Democrat leader on the Senate Banking Committee responsible for Fannie Mae regulatory legislation; #2 Barack Obama (D-IL), an up and coming politician who, as one of Democrats’ few winners in the 2005 Congressional elections, was key to maintaining Democrats’ regulatory legislation – Mr. Obama also had deep ties to the local Chicago political machine from which ACORN, a major Fannie supporter, had become a powerful force in recent years; #3 John Kerry (D-MA) who nearly became President in 2004 and whose support would have been key in preventing investigations into Fannie’s illegal accounting that masked its central role in financial crisis. … As the Democrat Party’s Senate strategy general with regard to GSE regulation, Mr. Dodd – in the end – was the single person most responsible for assuring Fannie Mae was not effectively regulated, because he was the one responsible for making sure Senate Democrats held the line. Also key to that process; the Democratic Whip at the time, Harry Reid (D-NV). … Countrywide payola: Mr. Dodd received questionably favorable treatment from one of the housing bubble’s top non-GSE subprime offenders, … Bank of America payola and crisis coverup links: In the year-and-a-half after Democrats regained the Senate in January 2006 and Mr. Dodd became committee chairman — covering the period in which his committee wrote the Countrywide takeover rules — Bank of America (BofA) gave Chris Dodd over $70,000…or more than $1,000 per week. Only Barack Obama and Hillary Clinton received more BofA money during the election cycle…and they ran for President. Bank of America has long and deep subprime and ACORN ties, partnering with ACORN since 1990 (according to ACORN). In 2008, the US federal government bailed Bank of America out of mortgage-related near insolvency. Later that year, BofA gave ACORN of Chicago $2 million. BofA has been one of ACORN’s largest extra-government funding sources. … Fannie Mae payola: Despite having been in the Senate only four years, Mr. Obama was the politician to receive the most campaign contribution money from Fannie Mae executives. He was also the Senator who received the second highest total from Fannie employees and the company’s official PAC in during the entire 1995-2008 period…this, despite having been in the Senate less than four of those years. Numbers’ one (Dodd) and three (Kerry) were both Senators the entire time. Opposition to regulation: When Mr. Obama joined the Senate in January 2005, he joined the Democrat opposition in blocking the regulation that had passed the House and Senate committee, and preventing it from reaching the Senate floor Had he supported the regulation and led only four of his Democrat colleagues to do the same, the Fannie Mae bubble would have deflated in 2005, rather than exploding in 2007. Franklin Raines: In July and August 2008, the Washington Post cited Franklin Raines as being employed by the Obama campaign. When the McCain campaign made that news an issue, the Obama campaign denied the report’s accuracy. The Post then agreed with the Obama campaign that the reports were not well sourced. … When Rahm Emanuel joined the House of Representatives in January 2003, Democrats gave him a seat on the Financial Services Committee, where he served under Barney Frank blocking effective GSE regulation efforts. Democrats also gave Mr. Emanuel a seat on the subcommittee that directly oversaw Fannie Mae and Freddie Mac – despite having served as Freddie director during the scandalous accounting. A major initiative at Freddie during Mr. Emanuel’s directorship was campaigning Congress against regulations that would add transparency to the GSE’s financial health or potentially restrict its mortgage lending activities. … Mr. Emanuel received at least $320,000 in cash and stock over his 14 months with Freddie, equaling well over $40,000 per board meeting. Mr. Emanuel’s spokeswoman, Sarah Fienberg, explained the compensation by highlighting his deep involvement with Freddie’s mortgage purchase activities. One of Mr. Emanuel’s fellow Freddie directors, Illinois Attorney General Neil Hartigan, stated Emanuel was heavily involved with convincing other board members of Freddie Mac’s potential to become more politically powerful. …

   And in comments: “Government WAS pumping the system with bad loans. Yes it was. Government is now doing the same with Treasuries. Who was behind that? The Democrat party plain as day.”

   We’re in line for another bad crash. Pull your head out and do some actual reading…and don’t learn about Wall Street and investing from dramatized Hollywood movies, there’s a lot more to what goes on than you find there.

   Reply
4. Dewster says:

   Friday, August 26, 2016 at 6:53 am

   Tina you believe propaganda written,

   Try written documented History. Try reading indictments. Try watching the politicians and donors every year.

   BTW I am no fan of Obama but I do not see you guys helping us fight him on the attempt to pass Obamatrade during lame Duck Congress coming up. You must agree with Obama then.

   Why do I have to show you? Are you incapable of finding the info yourself If Breibart does not write it? Jeeze

   It’s not like the FBI and/Or Congress peeps have never mentioned these things. It is your failure to know History. To watch the real world as it happens I remember all this stuff.

   John Paulson kicked the mortgage market over the cliff and bet that it would crash when it hit the bottom. Most people thought he was going to end up in prison. He hired the former chair of the SEC, who wrote up the indictment of Goldman Sachs and JP’s assistant, but not JP himself.

   Paulson got a bunch of pension funds in Europe and America ect,He told others that he was selling good mortgage securities, when he himself was betting that those very mortgages would go under. So basically, he got these guys to buy insurance on mortgages, and he was the secret beneficiary.

   Look Up the rest. Read the indictment that they got rid of.

   Bush Admin? It’s documented everywhere. Halliburton? Ect ect.

   Really Tina these are well known facts that most Republicans know. Did you just start in politics with the Tea Party? News use to report these things. Now it is all Propaganda.

   BTW both Campaigns are Cheating. Which one will cheat better?
   Both campaigns are surrounded by Donors fighting.

   Banksters vs Hedgefund managers. Only losers are the People.

   We use to have investigative reporters. we only have a couple now. The info is yours to find. I do not make this stuff up. These politicians appoint people to coverup their crimes. Why do you think They need to win so bad for those low wages?

   Trumps Advisers are the guys that sent the jobs overseas. hedgefund managers are raiders of American Business. They make money by liquidation of assets ect ect. Romney lost for that reason his Equity company had affected many lives including mine.

   Reply
   • Tina says:

     Friday, August 26, 2016 at 11:56 am

     Dewey you have to “show” because our readers have no reason to take your word for anything.

     This is not about me or Jack. This blog is not about us. This blog is a place to share information and discuss issues of the day, mostly but not limited toe a lot of money and he mad, the social and political arenas. It would be wonderful if you could focus on that one thing and have a little respect for the people who read Post Scripts. a

     You have an attitude about people who make profits. You seem to assume that making a profit is always bad which is a ridiculous idea. Paulson found himself positioned to make money IF the housing bubble burst. Everyone thought he was crazy. If he had been wrong, he would have lost everything he risked. He wasn’t wrong. America could use someone smart enough to see a crash before it happens. His council would be valuable to those with the power to avert the crash.

     Bush and others warned Barney Frank, Chris Dodd, harry Reid and other that they needed to change regulations in the banking industry and they ignored the warnings. Their stupidity caused the crash…they didn’t care about the American people. Their agenda came before the American people.

     Every single person on the planet responds to his environment and makes adjustments to protect and further his own needs. Government regulations can be written that give businesses incentive to keep jobs and tax revenue in America or they can be written to chase business away. Our ignorant leftist politicians prefer the stupid regulations and that is why business is overseas.

     Gotta run

     You have an

     Reply
5. Dewster says:

   Friday, August 26, 2016 at 10:22 am

   Paulson should be banned from securities markets for life. The very fact you find him some kind of hero tells me you red some real bunk propaganda.

   Wall Street Types know exactly what he did. We was not the Trigger but the mastermind.

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   • Tina says:

     Friday, August 26, 2016 at 10:25 pm

     I said nothing about him being a hero. You’re smearing him for legally making money. People were laughing at him. Had he tried to warn people would anyone have listened? NO! The smug leaders in Congress thought they knew better even after years of warnings from the President and others.

     There’s no excuse for this level of ignorance Dewey. The evidence is right there in the legislation and in hearings.

     Reply