“Steal a little and they throw you in jail, steal a lot and they make you king” – Bob Dylan

That quote fits them ALL.

AIG Stakes Evaporate

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSEtGBXG0C0s&refer=worldwide

Sept. 19 (Bloomberg) — The market storm that brought down Lehman Brothers Holdings Inc., American International Group Inc. and other pillars of U.S. finance may have also blown holes in the portfolios of House Speaker Nancy Pelosi, Senator John Kerry and more than 50 other members of Congress.

Pelosi, in her most recent financial disclosure form, reported that her husband owned between $250,000 and $500,000 of stock in AIG, which ceded majority control to the U.S. government this week in exchange for $85 billion of loans.
Kerry, the 2004 Democratic presidential nominee, disclosed that his wife, Teresa Heinz Kerry, had more than $2 million of AIG stock at the end of 2007, when shares were worth $58.30. AIG has fallen 85 percent this week to close yesterday at $2.69. The lawmakers’ aides didn’t respond to calls seeking comment.

Altogether, 56 senators and representatives had stakes in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or IndyMac Bancorp Inc. – some of the biggest casualties of the market bloodbath — according to the Center for Responsive Politics. The most recent annual disclosure filings list investments as of Dec. 31, 2007, and reveal the size of holdings only within a range of values. Lawmakers may have sold shares since then.

This shows that Obama and the Congressional Black Caucus (CBC) were fully aware of the problems at Fannie Mae and Freddie Mac, and this was before Obama began receiving large contributions from these two quasi-governmental instituions.

It was well known at the time that the books at Fannie and Freddie were being manipulated as questionable loans were given to minorities and to poor people who could not afford them.

But, to Obama and his cronies, extending the dream of home ownership to such groups was more important than fiscal responsibility.

We keep hearing about how “smart” Obama is, but he sure was dumb to ignore McCain’s warning that we were headed for a financial crisis if these lending institutions were not reformed.

Or was he? It’s clear that Obama cares more about income redistribution than sound fiscal policies. His 1960′s style big-government, high-taxation policies are not new. He was opposed to Clinton’s plan to get people off of welfare, one of the most important and far-reaching pieces of legislation from the Cinton era. Obama is sponsoring the “Global Poverty Act,” which will require Americans to “donate” up to $845 billion to “end” global poverty.

Read Obama’s own books, study his mentors, his associates, the Black Liberation Theology of his church of 20 years, his work as a “community organizer,” and with Acorn. This man is a socialist at heart and he believes that “his” people not only deserve home loans, whether they can afford them or not (the rest of us can pay for them), educational reparations, and income redistribution, e.g. tax the “wealthy” – those making more than $250,000, and give it to everyone else, including the 40% who pay no taxes at all.

Of course, taxpayers who work and sacrifice their entire lives to build up their careers and businesses and who might have recently paid off student loans, and finally, after years of hard work are earning $250,000 a year, individuals in their 40′s and 50′s who have employees to pay, are saving for their kids’ college tuition, and probably helping elderly parents as well, plus paying heavy state, local, and business taxes, might not be as wealthy as Sen. Obama suggests. I know many people in this very situation who are definitely not “rich” and are worried they will even be able to save for retirement. I’ve even heard Michelle Obama whine about only recently paying off her and Barack’s student loans, and how they worked for years to get where they are, she who has been making over $100,000/year for quite some time.

Taking the money of these allegedly “rich” Americans, giving it to a government full of losers in Congress who did nothing to avert the current financial meltdown, so that these same do-nothing incompetents can give it to people who don’t even pay taxes is socialism at its finest. As Biden says “it’s our patriotic duty” – well, yeah sure, if you live in a European-style stagnant socialist country.

Anyone who could vote for a man who is afraid to come up with a plan to address a financial crisis that has been brewing for years (despite having 300 advisors at hand) until he finds out what everyone else recommends so that he can either copy it and claim it as his own (if his internal polls tell him that the voters like it) or criticize such proposals if they’re unpopular or don’t work out, will get what they deserve: a junior Senator with no backbone and little experience, whose greatest accomplishment is making millions writing fictionalized accounts of his life.

John McCain requested that Federal Banking Regulators give Keating and Lincoln Savings a fair hearing, and make sure they were treated with due process by the regulatory agency. McCain specifically told regulators “I wouldn’t want any special favors for Keating or Lincoln Savings” and “I don’t want any part of our conversation to be improper”.

The Senate Ethics Committee probe of the Keating Five began in November 1990, and committee Special Counsel Robert Bennett, a Democrat, recommended that McCain and Ohio Senator John Glenn be dropped from the investigation.

In February 1991, the Senate Ethics Committee exonerated McCain and Glenn, saying “McCain and Glenn attended the meetings but did nothing to influence the regulators” and declared his actions were not “improper nor attended with gross negligence.”. McCain contributed $112,000 (the amount raised for him by Keating) to the U.S. Treasury. http://www.slate.com/id/1004633/

What has Obama done with the money raised by Pritzker, Raines, and Johnson?

This bailout of the corrupt 110th Congress, Fannie Mae, and Freddie Mac is going to cost us in excess of $1,000,000,000,000. That is a one and twelve 0’s after it. We get stuck with bill and the corrupt jerks that caused this continual to live in mansions.

Heads must roll! That ding bat Nancy Pelosi adjourned the House and went home while the Americans get stuck with a trillion dollar bill. Heads must roll! The wealth of all those responsible, no matter who they are or what party the belong to must be seized to reimburse the American People. Heads must roll!

To this end we should demand an investigation of the matter that is truly independent. That ding bat Nancy Pelosi will no doubt call for an investigation to cover the tracks of the guilty and heap allegations upon the innocent. No way Pelosi, heads must roll.

That is why ask of John McCain to show real leadership and support a truly independent investigation into the scandal. I ask of John McCain to encourage each state in the union to appoint two independent investigators to investigate the corruption of 100th Congress of the United States of America, Fannie Mae, Freddie Mac, and all other parties that have contributed to this trillion dollar fraud upon our citizens..