Forum Post: President Obama IS Wall Street - PROVEN
Posted 13 years ago on Oct. 9, 2011, 12:32 a.m. EST by Alex22452
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The idea that these Occupy protests should support Obama is a complete and utter JOKE!
President Obama IS WALL STREET. There is NO middle ground!
The Obama administration is FULL of former Wall Street execs!
“Obama has even added new Wall Streeters who did not work for him in 2008, including former Goldman Sachs CEO Jon Corzine, Evercore Partners executive Charles Myers, Greenstreet Real Estate Partners CEO Steven Green, and Azita Raji, a former investment banker for JP Morgan,” according to a study by the Center for Responsive Politics. http://www.moneynews.com/StreetTalk/obama-wallstreet-electioncampaign/2011/07/22/id/404563
Top donors for 2008 election http://www.opensecrets.org/pres08/contrib.php?cid=N00009638
Wall Streeters Top Obama Re-Election Supporters http://www.moneynews.com/StreetTalk/obama-wallstreet-electioncampaign/2011/07/22/id/404563
"A just-released study by the Center for Responsive Politics shows that President Obama is relying more on Wall Street to fund his re-election this year than he did in 2008, according to CNBC, which obtained an advance copy of the report.
The report says that one-third of the money Obama's elite fund-raising corps has raised on behalf of his re-election has come from the financial sector."
OBAMA IS NOT ANTI WALL STREET.
So all these celebrities on the political left that keep showing up at these protests need to get a GRIP on themselves. They are NOT anti wall street, anyone supporting Obama is NOT anti wall street.
Both the Republicans and Democrats are in the pockets of WALL STREET.
Obama’s top campaign contributors include four of Wall Street’s biggest investment banks.
"Both the Republicans and Democrats are in the pockets of WALL STREET."
But unlike Repuglicans, Democrats do not worship capitalism as a religion. The GOP says: "play yore harmonica, Barack, an' we'll throw you a quarter, boy"
Okay, so he's corrupt. I'm slightly behind - does he support OWS officially?
The 3 men who pulled down Wall Street-- where are they now?
This will make your blood boil!
Be sure to read the "where they are now" at the end !!
Here's a quick look into the three former Fannie Mae executives who brought down Wall Street.
Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae's accounting activities. At the time of his departure The Wall Street Journal noted, " Raines, who long defended the company's accounting despite mounting evidence that it wasn't proper, issued a statement late Tuesday conceding that "mistakes were made" and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company's books ran afoul of generally accepted accounting principles for four years." Fannie Mae had to reduce its surplus by $9 billion.
Raines left with a "golden parachute valued at $240 Million in benefits. The Government filed suit against Raines when the depth of the accounting scandal became clear. http://housingdoom.com/2006/12/18/fannie-charges/ . The Government noted, "The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner." These charges were made in 2006. The Court ordered Raines to return $50 Million Dollars he received in bonuses based on the miss-stated Fannie Mae profits.
Net windfall . . . $190 million!
Tim Howard - Was the Chief Financial Officer of Fannie Mae. Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie. In everyday English - he was cooking the books. The Government Investigation determined that, "Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae,"
On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice Department to investigate his allegations that two former Fannie Mae executives lied to Congress in October 2004 when they denied manipulating the mortgage-finance giant's income statement to achieve management pay bonuses. Investigations by federal regulators and the company's board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004.
Howard's Golden Parachute was estimated at $20 Million!
Jim Johnson - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. A look at the Office of Federal Housing Enterprise Oversight's May 2006 report on mismanagement and corruption inside Fannie Mae, and you'll see some interesting things about Johnson. Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million." Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.
Johnson's Golden Parachute was estimated at $28 Million.
WHERE ARE THEY NOW? FRANKLIN RAINES? Raines works for the Obama Campaign as his Chief Economic Advisor. TIM HOWARD? Howard is a Chief Economic Advisor to Obama under Franklin Raines. JIM JOHNSON? Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.
IF OBAMA PLANS ON CLEANING UP THE MESS - HIS ADVISORS CERTAINLY HAVE THE EXPERTISE - THEY MADE THE FRICKIN' MESS IN THE FIRST PLACE.
Would you trust the men who tore Wall Street down to build the New Wall Street back up ? I don't think so ! ! !
President Obama is a puppet or a monkey on a string. He is told where to go what to say and what to do, a robot for the world bankers who control him and the government. The world bankers are a start for getting your real enemy because they are part of the real evil 1% of the people who are making your life hell, that is if you are not already making your life hell yourself.
Think about it people everybody works for somebody and at the top of that food chain are the world bankers. Follow the money to the top. Go for the big fish not the worms, you can always get them later.
Ron Paul raised 8 million dollars in Q3 with no contribution from wall street.
Alex22452 got it right on - the current campaign finance rules have both parties bought and paid for. We need to get the big money out of politics - that's the first step to fixing this mess. Then we may actually get some real statesmen getting elected to office. People who want to serve the country instead of enrich themselves and stroke their pride.
Yep, the investment bankers "Occupy the White House"
(illegal) pResident o(b/s)ama? you don't say!
What do you want Obama to do? chop cotton on Parchman Farm? give him a break, he has to do what the Right wants him to.
Obama is handcuffed by the teabaggers. He does have a point when he says we need a vibrant banking system. That's just life. He's the best hope we have. Romney will likely win the primary; Romney is a wall-streeter (and in the 0.5%).
Obama is third generation CIA. He's no populist. Stop watching the TV.
http://www.youtube.com/watch?v=zvJ3lRElnEo
Obama is one more of the problems any meaningful social evolution event has to solve. we need our own presidential candidate, preferably one with a phd in something relevant.
to get serious requires a few things they don't have. like chat admins who aren't ego serving propaganda tools, a wiki, 1001 sub forums, an actual game plan, a straight up political platform... you know.. basic organizational things sane people do BEFORE protesting.. like figure out a diplomacy and logic centered metaprocess to give their chatadmins so that they don't really just drive out even more people than the trolls. Adminatrolla. trollaAdmin. Whats the difference to somebody whos got the truth facing a propaganda tool abusing admin powers to push their agenda? how can you prevent such a thing? Metaprocess. did i mention metaprocess? and science diplomacy science psychology science sociology and all those textbooks to read B4 protesting?
you can't have capitalism without a free(SLAVE) market. but you can have a free market without capitalism. And thats strangely the only way it CAN work.
Marketing 101 was fascinating. I admit thats a lot less than a bachelors but its sure more than enough to see whats really going on given the other things I know. Capitalism is not the problem since it does not exist. corporate oligarchy is the problem. capitalism has never been tried. I am a democracy guy. in order for real democracy to function a free market system is required. Thats not capitalism. thats a free market system. there is a subtle difference there which most people would miss. I will again repeat. Neither capitalism nor marxism nor communism nor socialism has ever existed. All of those governments were oligarchy pretending to be something as a con scam. Telling that simple truth gets one banned out of the Chat by either a capitalist or a socialist whos pissed you just said their pet ideology isn't real. It isn't. anybody who thinks that it is is accidentally playing for team corporate oligarchy as a tool. the ONLY system worth talking about is DEMOCRACY. how democracy HANDLES a FREE MARKET system is dynamic and interesting and NOT capitalism.
o. yes. no. yes. what? making change is not reliant on changing the money system one tenth as much as it is on changing the informational ecology. Going to a gold standard as an idea is a proof of ignorance, not a solution. Really the end game is we evolve out of money. To do that we evolve first new currencies and new economic strategies. this leads to economic singularity in about 50 years. If everyone is a millionaire how much you get depends on exactly the material valuation of that money. Which is to say that by the time money becomes obsolete everyone will live like the current millionaire. Tangible items to other tangible items? the real economy is about ideas, change the ideas and everything changes. the problem with the tangible economy is it does not change; its a static reality. you can't make a meaningful gold standard with only enough gold to represent on millionth of the economy. You can make a purely imaginal money system work; but it has to be subject to moral and ethical laws. This is about pinning down those moral and ethical laws and implementing them in new currencies; not trying to imagine a control freak impossible non solution because of the simplicity with which you go about thinking over the problem.
once again. there has never been a socialist or capitalist economy. in all instances such nations were oligarchies. using a mask and a con scam and telling their dupes and pwns that they were something other than oligarchy. the big hump to get over is that the USA oligarchy and the Soviet oligarchy are in on this lie against the rest of us TOGETHER. Neither of them was ever anything other than an oligarchy. both claimed some other system in order to have US fight over the ideals of THAT system while they secretly shafted us all playing a completely different game.
http://occupywallst.org/forum/stop-playing-the-devils-games/
https://www.facebook.com/photo.php?fbid=10150343790359248&set=a.10150264906064248.348293.511989247&type=1&theater