Your Guide to 'em Banks, and
the Folks
on them Sleazy Slopes...
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| Oh shit...! Though this won't make easy reading for voters of the Democratic party, but still, you really should know some unpalatable facts...
As the election is drawing near, I though I'd post this once more for any that may have missed it; or for any folks that might still be thinking that the Democrats can jump into pig poop and come out smelling like you know what...
First, you may be incredulous to know, but like some Soviet style news censorship of old, The New York Times admitted this week that their staff and other political journalists from every major media outlet submit their work to the White House for review, editing and “veto power!” This is a first: there is no precedent for this procedure. Fortunately, the truth manipulators haven’t gotten to this column yet (written by Michelle Malkin) so, let’s talk sleazy Democratic Party-backed banks, and the folks who have stuffed their pockets!
(1) Fannie Mae/Freddie Mac. Forget Switzerland. The mother and father of all financial industry outrages are rooted in Washington, D.C. And Obama Democrats are among the biggest winners of lavish, out-of-control compensation packages from fraud-plagued Fannie Mae and Freddie Mac. Obama confidante James Johnson raked in $21 million. Former Obama chief of staff and current Chicago Mayor Rahm Emanuel “earned” at least $320,000 for a brief 14-month gig at Freddie Mac. And Clinton Fannie Mae head and Obama economic confidante Franklin Raines bagged some $90 million in pay and stock options earned during the government-sponsored institution’s Enron-style accounting scandal on the public dime.
(2) Superior Bank: One of the Obamas’ oldest Chicago friends and wealthiest billionaire bundlers, former Obama national finance chairwoman Penny Pritzker, headed up this subprime lender. Even after it went under in 2001 and left 1,400 customers destitute, Pritzker was pushing to expand its toxic subprime loan business. Pritzker and her family escaped accountability by forking over $460 million over 15 years. Obama happily accepted the nearly $800 million in campaign and inaugural funding Pritzker drummed up for him. To protect her family’s multibillion dollar fortune Note: Pritzker’s enterprises park their money in the very same kind of offshore trusts that Obama and the Democrats consistently attack Romney over!
(3) Broadway Bank: In 2010, President and Mrs. Obama personally raised money for their Chicago friend and fundraiser Alexi Giannoulias. As I reported then, Giannoulias’ Greek immigrant family founded Chicago-based Broadway Bank, a now-defunct financial institution that loaned tens of millions of dollars to convicted mafia felons and faced bankruptcy after decades of engaging in risky, high-flying behavior. It’s the place where Obama parked his 2004 U.S. Senate campaign funds. And it’s the same place where a mutual friend of Obama and Giannoulias — convicted Obama fundraiser and slumlord Tony Rezko — used to bounce nearly $500,000 in bad checks written to Las Vegas casinos.
(4) ShoreBank: The “progressive” Chicago-based community development bank, a “green” financial institution whose mission was to “create economic equity and a healthy environment,” folded in August 2010. Obama personally had endorsed the politically connected bank and appeared in a video promoting its Kenyan microlending project. But it was a doomed social justice experiment. After regulators shut it down, Obama crony companies including Bank of American and Goldman Sachs took over the mess courtesy of taxpayer subsidies.
(5) Countrywide/Bank of America: Earlier this month, the House Oversight and Government Reform Committee released a report on corruption-plagued Countrywide Financial Corp., which was bailed out by taxpayer-bailed-out Bank of America. The House investigation confirmed the notorious favor-trading scheme, which involved sweetheart home loan deals for members of Congress and their staff, top government officials and executives of doomed mortgage giant Fannie Mae.“These relationships helped Countrywide CEO and Democratic subprime loan king Angelo Mozilo increase his own company’s profits while dumping the risk of bad loans on taxpayers,” according to the new report. Mozilo copped a $67.5 million plea to avert a high-stakes public trial in the heat of the 2010 midterm election season. Note: Since then, Obama’s Justice Department has taken no action to prosecute Countrywide officials on federal bribery charges.
(6) Bank of America: which raked in $45 billion in Obama-supported TARP bailout funds and billions more in secret emergency federal loans, footed the $50 million restitution payment bill for Mozilo and another Countrywide official. In 2008, BofA’s political action committee gave its biggest contributions to Obama, totaling $421,000. And as I noted in January, Bank of America supplied the Democrats with a $15 million revolving line of credit, along with an additional $17 million loan during the 2010 midterms. Note: Embarrassed by the party’s ties to shady Bank of America, progressives are now trying to rebrand the Bank of America Stadium in Charlotte, N.C., where Obama will give his nomination acceptance address. They’re referring to it as “Panthers Stadium” instead.
 Obama’s copious crooked friends and funders are going to need a lot more than whitewash to cover up their ill-gotten gains! (C) Michelle Malkin (Photos: Copyright Control)
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Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential rThe fat-cat narrative attacks on Republicans won’t go away by making nice with the White House — or by relying on Beltway journalists to drop their double standards and vet the president’s own bad bank entanglements. Indeed, The New York Times admitted this week that their staff and other political journalists from every major media outlet submit their work to the White House for unprecedented review, editing and “veto power.”
Fortunately, the truth manipulators and message massagers haven’t gotten to this column yet. So, let’s talk sleazy Democratic Party-backed banks, shall we?ival Mitt Romney’s overseas investments. It’s time for the Romney campaign to educate voters about all the shady financial institutions embraced by Democrats right here on American soil.Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential rival Mitt Romney’s overseas investments. It’s time for the Romney campaign to educate voters about all the shady financial institutions embraced by Democrats right here on American soil.rival Mitt Romney’s overseas investments. It’s time for the Romney campaign to educate voters about all the shady financial institutions embraced by Democrats right here on American soil.
Fortunately, the truth manipulators and message massagers haven’t gotten to this column yet. So, let’s talk sleazy Democratic Party-backed banks, shall we?ival Mitt Romney’s overseas investments. It’s time for the Romney campaign to educate voters about all the shady financial institutions embraced by Democrats right here on American soil.Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential rival Mitt Romney’s overseas investments. It’s time for the Romney campaign to educate voters about all the shady financial institutions embraced by Democrats right here on American soil.rival Mitt Romney’s overseas investments. It’s time for the Romney campaign to educate voters about all the shady financial institutions embraced by Democrats right here on American soil.
