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	<title>NO QUARTER &#187; Housing &amp; Urban Development (HUD)</title>
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		<title>Pulling &#8220;Back The Curtain On ACORN&#8221;</title>
		<link>http://www.noquarterusa.net/blog/32804/pulling-back-the-curtain-on-acorn/</link>
		<comments>http://www.noquarterusa.net/blog/32804/pulling-back-the-curtain-on-acorn/#comments</comments>
		<pubDate>Thu, 17 Sep 2009 13:01:30 +0000</pubDate>
		<dc:creator>Rabble Rouser Reverend Amy</dc:creator>
				<category><![CDATA[ACORN]]></category>
		<category><![CDATA[Bailouts]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[California]]></category>
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		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[General Election]]></category>
		<category><![CDATA[Housing & Urban Development (HUD)]]></category>
		<category><![CDATA[Louisiana]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[New York State]]></category>
		<category><![CDATA[Paulie Abeles]]></category>
		<category><![CDATA[Stimulus Plan]]></category>

		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=32804</guid>
		<description><![CDATA[I came across an article the other day, and was really taken by it, especially as it came out in the midst of the undercover videos by James O&#8217;Keefe, four in total thus far, with more to come, which have gone far in exposing the underside of ACORN. O&#8217;Keefe&#8217;s staggering videos can be found here [...]]]></description>
			<content:encoded><![CDATA[<p>I came across an article the other day, and was really taken by it, especially as it came out in the midst of the undercover videos by <a href="http://www.memeorandum.com/090915/p144#a090915p144">James O&#8217;Keefe</a>, four in total thus far, with more to come, which have gone far in exposing the underside of ACORN.  O&#8217;Keefe&#8217;s staggering videos can be found here <a href="http://www.biggovernment.com">BigGovernment.com </a>and <a href="http://www.noquarterusa.net">No Quarter</a>.  They are shocking indeed, as the <a href="http://www.foxnews.com/story/0,2933,549903,00.html">workers at ACORN cavalierly discuss using children</a>, girls, from El Salvador as prostitutes, with one going so far as saying the &#8220;prostitute,&#8221; Hannah Giles, whose idea the whole venture was, should make sure she tells the girls not to say anything to ANYONE about what they do (for an excellent commentary on this aspect, I highly recommend Pat Racimora&#8217;s, &#8220;<a href="http://www.noquarterusa.net/blog/2009/09/12/acorn-little-girls-and-the-red-light-business/">ACORN, Little Girls, And The Red Light Business</a>&#8220;).  Or the ACORN worker who describes <a href="http://www.memeorandum.com/090915/p123#a090915p123">how she shot her husband dead</a>.</p>
<p>Now is when I remind you that not only does Obama have very strong ties to ACORN (he <a href="http://www.suntimes.com/news/politics/obama/700499,CST-NWS-Obama-law17.article">worked on their behalf</a> as a lawyer at one point), and its sister <a href="http://hotair.com/archives/2009/05/11/california-accuses-obama-of-allowing-seiu-dictate-stimulus-policy/">organization, SEIU</a>, and let&#8217;s not forget that Obama gave $832,000 to an <a href="http://www.pittsburghlive.com/x/pittsburghtrib/news/election/s_584284.html">ACORN affiliate to &#8220;get out the vote&#8221; during the Election Season</a>.  And ACORN, the alleged non-partisan organization, currently under investigation in at <a href="http://online.wsj.com/article/SB124182750646102435.html">least 14 states for voter fraud</a>, the organization that helped create the <a href="http://www.nypost.com/php/pfriendly/print.php?url=http://www.nypost.com/seven/10132008/postopinion/opedcolumnists/spreading_the_virus_133375.htm">Fanne Mae/Freddis Mac fiasco</a>, is receiving YOUR tax paying dollars, $<a href="http://www.washingtonexaminer.com/opinion/columns/special-editorial-reports/ACORN-got-53-million-in-federal-funds-since-94-now-eligible-for-up-to-8-billion-more-44406217.html">53 million to date, and stands to receive $8.5 Billion</a> in Stimulus money.<br />
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The aforementioned article?  It is this: <a href="http://biggovernment.com/2009/09/12/former-leftist-activist-turned-fbi-informant-pulls-back-the-curtain-on-acorn/">Former Leftist Activist, Turned FBI Informant, Pulls Back the Curtain On ACORN</a>.  Well, you know that caught my eye right away &#8211; this guy, Brandon Darby, was a leftie activist, like many of us were, but unlike most of us, worked with the FBI on terrorism.  Here is Darby&#8217;s story:<br />
<blockquote>I first experienced ACORN in post-Katrina New Orleans. I was part of a relief organization, Common Ground Relief, which  had been delivering much needed aid to the 9th Ward, an area that had been hit especially hard by the flood waters and by neglect. Rumors immediately began surfacing, questioning our motives and intentions. I was very confused by these rumors. Who was behind them? How could anyone question the vital work we were doing in the community?  We lived and worked in the 9th Ward. We suspended our regular lives and, in many cases, left our families to travel to New Orleans to help those affected by Katrina and poverty. We slept on dirty plywood floors and shared everything we had with the residents.  Most of us were white. Was our skin color the issue? I knew from personal experience that the majority of the Black 9th ward residents didn’t care what color our skin was. It took me awhile to get over the hurt I felt at such allegations and to find out where they were coming from.</p>
<p>In the following weeks, I was made aware of the fact that ACORN had reopened its New Orleans office (several months after the storm). Various groups from around the city informed me that Acorn was upset with us because we were in “their” community and had not sought approval from ACORN to operate there. I was told that ACORN said that we were “privileged white people who had come to a Black community as saviors and we refused to work with local Black leadership.”</p>
<p>The more I pondered the matter, the more I realized what was happening. As usual in marginalized and impoverished communities, a small group of radical self-proclaimed leaders was insisting that all local aid and relief came through them—even if they were AWOL for several months. Though the majority of residents either hadn’t heard of ACORN or simply disagreed with their politics- ACORN insisted that they were THE Black leaders. This was upsetting to me. Sure, the local pastor we worked most closely with was Black; but that didn’t matter to ACORN. It was as if Pastor Johnson didn’t count because he didn’t evoke the name of Elijah Mohammed or Malcolm X. It was as if Pastor Johnson didn’t count because he didn’t submit to ACORN’s mandate that ACORN was the sole leadership of Black New Orleanians.</p></blockquote>
<p>Am I reading this correctly?  Only black people can work with black people as far as ACORN is concerned?  Dang, I bet all of <a href="http://neworleanswebsites.com/cat/co/c-v/c-v.html">those organizations and churches</a> who sent so many people and aid to New Orleans didn&#8217;t know the rules.  I know I didn&#8217;t when I sent money, and took my niece and nephew there post-Katrina to spend tourism dollars as requested. I think we all thought we were helping our fellow Americans. This is a bit of a shock, I have to say.</p>
<p>Back to the article:<br />
<blockquote>As then director of Common Ground Relief’s 9th Ward project, I was warned by many that ACORN would ruin me politically if I didn’t submit to their leadership. I believed in what I was doing and how I was doing it. I refused to submit. The political fallout was almost unbearable. I just kept my eyes on meeting the needs of the community. When confronted by adherents to ACORN’s brand of race analysis, I pointed out that ACORN was not there immediately after the storm, so I could not have sought their leadership even if I had wanted to.</p>
<p>Over the following years, that particular style of political attack was prominent in New Orleans. Anytime that ACORN was displeased, the other party was deemed a racist. If the other party disagreed with the label or with ACORN’s agenda- they were met with “of course you feel that way. You are a racist.” Though it is clearly woefully inaccurate and unethical to use such an accusation as a political attack and as a means of shutting down philosophical debate and discourse, some at ACORN didn’t let that stop them. I refused to submit to it. I believed in listening to the majority of the community, who were desperate for our help, and not only to the self-proclaimed leaders. I paid a dear price for it.</p></blockquote>
<p>This is disturbing on so many levels, not least of which is the people there NEEDED this help.  They still do.  People who WANT to help, who take time to do this, are then treated shabbily, and labeled racist to boot.  Wow.  I can only imagine how that felt to Darby after all his work there on behalf of that community.</p>
<p>And where does the FBI fit into all of this?  Here&#8217;s how:<br />
<blockquote>I returned to Texas after a couple of years adminst the political quagmire of post-Katrina New Orleans. My experience there with various groups was educational and life-changing, though some of these groups concerned me. Eventually I began to see some of them as dangerous and deceitful about their missions. This, along with a growing appreciation of my country helped lead me to work with the FBI’s Joint Terrorism Task Force.</p>
<p>I was as proud of this new era in my life as I was of my time in New Orleans. I had the privilege of participating in efforts where lives were saved; both in the United States and in Israel. While working undercover with the FBI at the Republican National Convention in Minnesota, I helped to uncover a bomb plot. Two men had made firebombs with a homemade napalm mixture of gasoline and oil. Their initial targets were Republican delegates. These bomb-makers (domestic terrorists) later decided to attack a staging area for the Secret Service and other law-enforcement agencies. Fortunately, they were stopped and arrested.</p>
<p>I was asked, and agreed, to testify against them. As was expected, the more radical elements of the media began to attack both me as an individual and the FBI as a whole. One of the men accused plead guilty; the other hired an expensive defense attorney and concocted a story about the FBI building these bombs to “set up left-wing activists” and stop dissent. But once the facts became clear, the defense changed their story and instead tried to blame the FBI for ”influencing” the terrorists. Thankfully, after one hung jury and many months of intense media attacks against me, the other bomb-maker (domestic terrorist) decided to come clean and admitted to the judge that he had invented the whole story.</p>
<p>What does any of this have to do with ACORN? I wondered the same thing on January 31st of 2009 when I was reading an ACORN blog that is run by Wade Rathke (the man who claims credit for founding ACORN). He devoted an entire page to my work with the FBI. How did he describe the FBI’s effort and success in preventing innocent Americans, local police and federal agents from being burned, maimed and/or possibly killed by firebombs? He wrote that it’s “one thing to disagree, but it’s a whole different thing to rat on folks.”  That is what ACORN’s founder had to say about my role in stopping a bomb plot.</p>
<p>I was even more shocked as I continued reading the article. ACORN’s “founder” went on to mention that another self-proclaimed “radical” activist who had worked closely with him was also involved in my story. Her name is Lisa Fithian. I first encountered Ms. Fithian in New Orleans. She came to town after Common Ground Relief had started operations. She assumed a position of prominence and continuously challenged my work and leadership. During the RNC bombing trial, she cooperated with the defense of the bomb plotters and led media attacks on me and the FBI.</p>
<p>Ms. Fithian has been quoted in various mainstream news articles as saying, “Nonviolence is a strategy. Civil disobedience is a tactic,” and “Direct action is a strategy. Throwing rocks is a tactic.” She is also quoted as stating that “When people ask me, ‘What do you do?’ I say, ‘I create crisis’, because crisis is that edge where change is possible.”</p>
<p>ACORN receives tens of millions of dollars from taxpayers to promote their agenda. Free speech is sacred, of course. However, it is clear that ACORN has made a practice of blurring the lines between free speech and tax-payer-funded activism. Fortunately, our federal government is adept at investigating and identifying the misuse of federal funds. It will be interesting in the near future to see how Mr. Rathke and his ACORN associates stand up to the same scrutiny they have focused on our military, the FBI and other governmental groups and agencies.</p></blockquote>
<p>After the revelations exposed in the O&#8217;Keefe/Giles videos, maybe the FBI will get the hint and take a look into ACORN.  If they need a reminder, they can go back and look at the testimony of ACORN Whistleblower, <a href="http://www.noquarterusa.net/blog/2008/11/01/the-caged-bird-sings/">Anita Moncrief</a>, who had PLENTY to say about how ACORN operates, and acknowledged the connections between ACORN and Obama.  It is a shocking reminder of what the MSM let go by in order to carry water for Obama.  </p>
<p>So, maybe it&#8217;s not too late?  Maybe after all of these recent (and not so recent) revelations SOMEONE in law enforcement will do the right thing and go after ACORN?  Make the connections, hold them accountable, and do it now?  Heaven knows, there is enough information available, isn&#8217;t there?</p>
<p><span style="font-weight:bold;">MARK YOUR CALENDARS!!!</span>  <span style="font-style:italic;"><span style="font-weight:bold;">Anita Moncrief</span></span>, the ACORN whistleblower, is going to be on Paulie Abeles,<span style="font-style:italic;"> Sins of Omission</span> <a href="http://www.noquarterusa.net">NQ</a> radio show <span style="font-weight:bold;">SEPTEMBER 21st</span> at <span style="font-weight:bold;">9:00 PM</span> (EST)!!  WOW!!!!  I cannot wait.  I&#8217;ll be there &#8211; hope you will, too!</p>
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		<title>It Is Hard Out There For A (ACORN) Pimp&#8230;**UPDATED**</title>
		<link>http://www.noquarterusa.net/blog/32662/it-is-hard-out-there-for-a-acorn-pimpupdated/</link>
		<comments>http://www.noquarterusa.net/blog/32662/it-is-hard-out-there-for-a-acorn-pimpupdated/#comments</comments>
		<pubDate>Tue, 15 Sep 2009 16:00:44 +0000</pubDate>
		<dc:creator>Rabble Rouser Reverend Amy</dc:creator>
				<category><![CDATA[ACORN]]></category>
		<category><![CDATA[Breaking News]]></category>
		<category><![CDATA[Congress (House & Senate)]]></category>
		<category><![CDATA[Current Affairs]]></category>
		<category><![CDATA[Housing & Urban Development (HUD)]]></category>

		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=32662</guid>
		<description><![CDATA[Surprise, surprise &#8211; the Senate has FINALLY grown a backbone, and voted 83-7 (and this is not a big surprise &#8211; both senators from IL voted against this measure, as well as Hillary Clinton&#8217;s replacement &#8211; a disappointment) to cut off Housing funds to ACORN. It took the exposure of how ACORN works by two [...]]]></description>
			<content:encoded><![CDATA[<p><object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/co0K_qSleXs&#038;hl=en&#038;fs=1&#038;"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/co0K_qSleXs&#038;hl=en&#038;fs=1&#038;" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object></p>
<p>Surprise, surprise &#8211; the Senate has FINALLY grown a backbone, and <a href="http://www.memeorandum.com/090914/p134#a090914p134">voted 83-7 </a>(and this is not a big surprise &#8211; both senators from IL voted against this measure, as well as Hillary Clinton&#8217;s replacement &#8211; a disappointment) to cut off Housing funds to ACORN.   It took the exposure of how ACORN works by two young people who posed as a pimp and a prostitute, two people who took it upon themselves to be true investigative journalists, who demonstrated just how ACORN truly operates.  Thus far, they have released three different videos of their undercover work in DC, Baltimore, and Brooklyn (and there may be another video forthcoming).  Since their exposes, at long last, the organization which has received $53 million of our tax dollars, and which stands to get billions in the current stimulus bill, is getting some comeuppance:</p>
<p><object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/NKUQrgAyvo4&#038;hl=en&#038;fs=1&#038;"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/NKUQrgAyvo4&#038;hl=en&#038;fs=1&#038;" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object><br />
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The House still has to vote on cutting housing Funds to ACORN.  </p>
<p>Fox News has a poll <a href="http://www.foxnews.com/opinion/2009/09/14/decide-acorn-investigate-tax-dollars/">HERE</a> asking if ACORN&#8217;s funds should be frozen.</p>
<p>And, as a result of these videos referenced above, the <a href="http://www.time.com/time/nation/article/0,8599,1921978,00.html">Census Bureau will NOT</a> be using ACORN in 2010.  That is huge &#8211; given the number of investigations and guilty pleas regarding voter fraud, it is shocking that they were ever even going to be a part of the 2010 Census in the first place, but that&#8217;s politics, apparently.</p>
<p>Stay tuned for the House vote on freezing HUD funds to ACORN.  We&#8217;ll see if they do what&#8217;s right, or what&#8217;s political.</p>
<p>UPDATE:  <a href="http://sarainitalyblog.blogspot.com/">American Girl in Italy</a>  gave me a heads up on this article, &#8220;<a href="http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/House-GOP-to-call-for-total-cutoff-of-federal-funds-to-ACORN-59326682.html">House GOP To Call For Total Cutoff Of Federal Funds To ACORN,</a>&#8221; which states:<br />
<blockquote>Today House Republicans will introduce a bill that would end all federal funding to ACORN and its affiliates. Republicans are also sending a letter to President Obama on the same subject.</p>
<p>The action comes after the release, on the website BigGovernment, of three undercover videos showing ACORN employees in Baltimore, Washington DC, and New York City offering advice on how to evade taxes, cover up prostitution activity, and abet the use of minors in prostitution. In the wake of those disclosures, the U.S. Census cut its ties with ACORN, and yesterday the Senate voted 83-7 to cut off housing funds for the organization.</p>
<p>House Republicans point out that they have long pushed for a cutoff in government funding for ACORN. Republican leader John Boehner last year sent a letter to President Bush asking for the defunding of ACORN. There is already Republican legislation calling for the total cutoff of Housing and Urban Development Department funds to ACORN, and Rep. Darrell Issa, the ranking Republican on the House Oversight and Government Reform Committee, took a leading role in pushing for the Census Bureau decision.</p></blockquote>
<p>Wow.  Should be an interesting time in the House!  Stay tuned!</p>
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		<title>Tune In to Larry Doyle&#8217;s &#8220;Dollars and Sense&#8221; on No Quarter Radio</title>
		<link>http://www.noquarterusa.net/blog/15127/tune-in-to-larry-doyles-dollars-and-sense-on-no-quarter-radio/</link>
		<comments>http://www.noquarterusa.net/blog/15127/tune-in-to-larry-doyles-dollars-and-sense-on-no-quarter-radio/#comments</comments>
		<pubDate>Sun, 22 Feb 2009 08:45:46 +0000</pubDate>
		<dc:creator>Larry Doyle</dc:creator>
				<category><![CDATA[American Consumers]]></category>
		<category><![CDATA[Bank Nationalization]]></category>
		<category><![CDATA[Banking Institutions]]></category>
		<category><![CDATA[Economic Stimulus]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Housing & Housing Crisis]]></category>
		<category><![CDATA[Housing & Urban Development (HUD)]]></category>
		<category><![CDATA[NQR Live Chat]]></category>
		<category><![CDATA[No Quarter Blog]]></category>
		<category><![CDATA[NoQuarter Radio]]></category>
		<category><![CDATA[Obama Administration]]></category>
		<category><![CDATA[Obama's Cabinet]]></category>
		<category><![CDATA[Tax stimulus package]]></category>
		<category><![CDATA[Workers]]></category>
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		<description><![CDATA[PROGRAM CONCLUDED . CLICK LINK below to listen via BlogTalkRadio or use our instructions to listen via your iTunes / iPod. Please join us this evening from 8:00 to 9:00 p.m. ET on No Quarter Radio for LD&#8217;s Dollars and Sense. These are truly historic times in the global economy. Let&#8217;s &#8220;navigate the economic landscape&#8221; [...]]]></description>
			<content:encoded><![CDATA[<p><strong>PROGRAM CONCLUDED . CLICK LINK below to listen via BlogTalkRadio or use our instructions to listen via your iTunes / iPod.</strong></p>
<p><a href="http://www.blogtalkradio.com/nqr/2009/02/23/No-Quarters-Dollars-and-Sense-with-LD"><img align=right vspace=8 hspace=10 src="http://c0036113.cdn2.cloudfiles.rackspacecloud.com/blog/wp-content/uploads/2008/12/webnew2ldlogo_edited-3.jpg" alt="" title="webnew2ldlogo_edited-3" width="216" height="181" /></a>Please join us this evening from 8:00 to 9:00 p.m. ET on No Quarter Radio for <a href="http://www.blogtalkradio.com/nqr/2009/02/23/No-Quarters-Dollars-and-Sense-with-LD">LD&#8217;s Dollars and Sense</a>. These are truly historic times in the global economy. Let&#8217;s &#8220;navigate the economic landscape&#8221; without the pandering or nonsense found elsewhere!  </p>
<p>We have <a href="http://www.blogtalkradio.com/nqr/2009/02/23/No-Quarters-Dollars-and-Sense-with-LD">two very interesting guests</a> joining us. Lynn Marshall has one of the most unique backgrounds in the world of finance today.<em> How does one develop a background that includes senior level experience in investment banking, agriculture, and community banking? Think Lynn has some amazing perspectives on the economy and markets? Don&#8217;t miss him. </em></p>
<p>Additionally, in light of the developments at Stanford Financial, we are very happy to have<strong> John Moynihan</strong> return to our show to discuss the dynamics in<strong> the world of offshore banking</strong>. Find out more than you could ever imagine by talking to these enlightened experts on <a href="http://www.blogtalkradio.com/nqr/2009/02/23/No-Quarters-Dollars-and-Sense-with-LD">LD&#8217;s Dollars and Sense</a>, starting at 8 p.m. ET.</p>
<p>What are <a href="http://www.blogtalkradio.com/nqr/2009/02/23/No-Quarters-Dollars-and-Sense-with-LD">your questions and comments</a> for me?  Please share your questions and thoughts by calling in to <strong>(347) 677-0792</strong>, and also <a href="http://www.blogtalkradio.com/nqr/2009/02/23/No-Quarters-Dollars-and-Sense-with-LD">join our live chat room</a>, which I&#8217;ll start up about 10 minutes before the show begins!<br />
<span id="more-15127"></span><br />
Let&#8217;s not forget that we live in a global economy. What developed overseas this week and how does it impact us here in the United States? </p>
<p>What is on your mind? What would you like to address? So much to talk about as we &#8220;navigate the economic landscape!!&#8221; </p>
<p>LD&#8217;s Dollars and Sense on NQ Radio at 8:00 p.m. ET. This show, as well as all prior shows and every show on NQ radio, is archived and can be downloaded on iTunes (see our instructions in the right column).</p>
<p>Look forward to hearing from you!!</p>
<p>LD      </p>
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		<title>Let&#8217;s Question the Bank CEOs&#8230;OPEN THREAD and **LIVE BLOGGING**</title>
		<link>http://www.noquarterusa.net/blog/14001/lets-question-the-bank-ceosopen-thread-and-live-blogging/</link>
		<comments>http://www.noquarterusa.net/blog/14001/lets-question-the-bank-ceosopen-thread-and-live-blogging/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 16:30:55 +0000</pubDate>
		<dc:creator>Larry Doyle</dc:creator>
				<category><![CDATA[American Consumers]]></category>
		<category><![CDATA[Bank Nationalization]]></category>
		<category><![CDATA[Banking Institutions]]></category>
		<category><![CDATA[Current Affairs]]></category>
		<category><![CDATA[Economic Stimulus]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Housing & Housing Crisis]]></category>
		<category><![CDATA[Housing & Urban Development (HUD)]]></category>
		<category><![CDATA[Mortgage Crisis]]></category>

		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=14001</guid>
		<description><![CDATA[(bumped up by Susan) LIVE TV/RADIO LINK at C-Span This morning at 10am, the CEOs of the major money center banks in our country will be in Washington to face Congressional heat. Watch it LIVE on C-Span3. These CEOs are easy targets for plenty of reasons. As a precursor to their testimony, I thought it [...]]]></description>
			<content:encoded><![CDATA[<p><em>(bumped up by Susan)</em></p>
<p><center><strong><a href="http://www.c-span.org/Watch/C-SPAN_wm.aspx">LIVE TV/RADIO LINK</a> at C-Span</strong></center></p>
<p><a href="http://www.c-span.org/Watch/C-SPAN_wm.aspx"><img src="http://c0036113.cdn2.cloudfiles.rackspacecloud.com/blog/wp-content/uploads/2009/02/fi-pol-cspan.jpg" alt="fi-pol-cspan" title="fi-pol-cspan" width="460" height="198" class="aligncenter size-full wp-image-14015" /></a><br />
<br />
This morning at 10am, the CEOs of the major money center banks in our country will be in Washington to face Congressional heat. Watch it LIVE on <a href="http://www.c-span.org/Watch/C-SPAN_wm.aspx">C-Span3</a>.</p>
<p>These CEOs are easy targets for plenty of reasons. As a precursor to their testimony, I thought it may be helpful to <a href="http://mycrains.crainsnewyork.com/video/title,a79866e6,Dimon_on_stimulus_and_nationalization">view a 1-minute clip of Jamie Dimon</a>, CEO of JP Morgan, commenting on the proposed stimulus plan, the state of the banking industry, and the concept of nationalizing the banking industry. </p>
<p>If I were questioning these CEOs, I would want to ask the following:</p>
<p>1. To all the CEOs, how do you justify paying $18+ billion in year end bonuses after having taken more than $150+ billion in government funding?</p>
<p>2. Why shouldn&#8217;t Citi be formally nationalized right now given the market&#8217;s belief that if positions were marked to market properly that the institution would be insolvent? </p>
<p>3. How do you justify the egregious process of raising rates on credit card lines for consumers who are not delinquent?</p>
<p><span id="more-14001"></span></p>
<p>4. Mr Pandit (CEO of Citi), can you share with us the marks on the super-senior classes of CDOs that you held in your off balance sheet SIVs?</p>
<p>5. Mr. Lewis (CEO of Bank of America), did you feel any sense of obligation to your shareholders to reveal the expected losses from Merrill Lynch prior to asking those shareholders to approve the deal?</p>
<p>6. To all the CEOS, please share with us your opinions as to how much more capital needs to be injected into the banking system in order to recapitalize the system?</p>
<p>7. Mr. Dimon, (CEO of JPM), your bank is the largest player in the CDS (credit derivatives) market, please share with us how this market should be regulated going forward?</p>
<p>8. WHERE&#8217;S THE MONEY???????</p>
<p>We will now open this thread to &#8220;NQ World&#8221; . . . what do you want to ask or say to these bank CEOs!!! Don&#8217;t be bashful!!         </p>
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		<title>Riveting Economy Stories * Open Thread</title>
		<link>http://www.noquarterusa.net/blog/13714/riveting-economy-stories-open-thread/</link>
		<comments>http://www.noquarterusa.net/blog/13714/riveting-economy-stories-open-thread/#comments</comments>
		<pubDate>Sun, 08 Feb 2009 10:45:25 +0000</pubDate>
		<dc:creator>SusanUnPC</dc:creator>
				<category><![CDATA[American Consumers]]></category>
		<category><![CDATA[Economic Stimulus]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Housing & Housing Crisis]]></category>
		<category><![CDATA[Housing & Urban Development (HUD)]]></category>
		<category><![CDATA[Open Thread]]></category>
		<category><![CDATA[SEC]]></category>

		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=13714</guid>
		<description><![CDATA[From Reuters: Shame and suicides From CNN, Perspective via Jack Welch Embedded video from CNN Video MORE ECONOMY-RELATED VIDEOS BELOW, including Obama&#8217;s new &#8220;housing guru&#8221; who ran NYC&#8217;s housing system, and a new video clip about Larry Doyle&#8217;s hero, Harry Markopolos: Obama&#8217;s New Housing Guru Embedded video from CNN Video Harry Markopolos &#038; the SEC [...]]]></description>
			<content:encoded><![CDATA[<p><center>From Reuters:</p>
<p><a href="http://www.reuters.com/news/video?videoId=98225&#038;videoChannel=1"><strong>Shame and suicides</strong></a></p>
<p><object type="application/x-shockwave-flash" data="http://static.reuters.com/resources/flash/include_video.swf?edition=US&#038;videoId=98225" width="422" height="346"><param name="wmode" value="transparent" /><param name="movie" value="http://www.reuters.com/resources/flash/include_video.swf?edition=US&#038;videoId=98225" /><embed src="http://www.reuters.com/resources/flash/include_video.swf?edition=US&#038;videoId=98225" type="application/x-shockwave-flash" wmode="transparent" width="422" height="346"></embed></object></p>
<p><strong>From CNN, Perspective via Jack Welch</strong></p>
<p><script src="http://i.cdn.turner.com/cnn/.element/js/2.0/video/evp/module.js?loc=dom&#038;vid=/video/business/2009/02/06/dcl.intv.harlow.welch.cnn" type="text/javascript"></script><noscript>Embedded video from <a href="http://www.cnn.com/video">CNN Video</a></noscript></center></p>
<p>MORE ECONOMY-RELATED VIDEOS BELOW, including Obama&#8217;s new &#8220;housing guru&#8221; who ran NYC&#8217;s housing system, and a new video clip about Larry Doyle&#8217;s hero, Harry Markopolos: <span id="more-13714"></span></p>
<p><center><strong>Obama&#8217;s New Housing Guru</strong></p>
<p><script src="http://i.cdn.turner.com/cnn/.element/js/2.0/video/evp/module.js?loc=dom&#038;vid=/video/business/2009/02/07/willis.meet.shaun.donovan.cnn" type="text/javascript"></script><noscript>Embedded video from <a href="http://www.cnn.com/video">CNN Video</a></noscript></p>
<p><strong>Harry Markopolos &#038; the SEC<br />
(This is a must-see wrap-up of his devastating testimony<br />
on February 5, 2009, which we<br /><a href="http://www.noquarterusa.net/blog/2009/02/05/riveting-testimony-by-a-great-american-harry-markopolos/">covered</a> here at NoQuarter</strong>)</p>
<p><script src="http://i.cdn.turner.com/cnn/.element/js/2.0/video/evp/module.js?loc=dom&#038;vid=/video/crime/2009/02/05/chernoff.madoff.whistle.blower.cnn" type="text/javascript"></script><noscript>Embedded video from <a href="http://www.cnn.com/video">CNN Video</a></noscript></center></p>
<p>Check out more about Harry Markopolos in Larry Doyle&#8217;s &#8220;<a href="http://www.noquarterusa.net/blog/2009/02/05/riveting-testimony-by-a-great-american-harry-markopolos/">Riveting Testimony by a Great American, Harry Markopolos</a>.&#8221;</p>
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		<slash:comments>7</slash:comments>
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