CORRUPTION: Barney Frank directing bailout funds

Saturday, January 24, 2009

http://online.wsj.com/article/SB123258284337504295.html

JANUARY 22, 2009, 2:45 P.M. ET
Political Interference Seen in Bank Bailout Decisions
Barney Frank Goes to Bat for Lender, and It Gets an Infusion
By DAMIAN PALETTA and DAVID ENRICH

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Troubled OneUnited Bank in Boston didn’t look much like a candidate for aid from the Treasury Department’s bank bailout fund last fall.

The Treasury had said it would give money only to healthy banks, to jump-start lending. But OneUnited had seen most of its capital evaporate. Moreover, it was under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives’ use.

Nonetheless, in December OneUnited got a $12 million injection from the Treasury’s Troubled Asset Relief Program, or TARP. One apparent factor: the intercession of Rep. Barney Frank, the powerful head of the House Financial Services Committee.

Mr. Frank, by his own account, wrote into the TARP bill a provision specifically aimed at helping this particular home-state bank. And later, he acknowledges, he spoke to regulators urging that OneUnited be considered for a cash injection.

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Maybe they will give you are ride in the “taxpayer’s” Porsche!

How do we have Barney Frank still in politics?

Gay prostitute. Community Reinvestment Act. Banking system abuse. Now this.

I don’t understand?

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PRODUCTIVITY: Leaders empower their people

Thursday, December 18, 2008

http://execunet.blogspot.com/2008/12/best-email-of-day-award.html  

Tuesday, December 09, 2008
The Best Email of the Day Award

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…Goes to Peter Clayton, producer/host of Total Picture Radio. It needs no further commentary from me as it eloquently speaks for itself. Good on ‘ya Peter.

“Capital goes where it’s welcome and stays where it’s well treated.” Walter B. Wriston

Dear Dave,

When “The Citi Never Sleeps” ad campaign was first launched in 1978, Walter Wriston was running the place, and the motto had real meaning. Wriston was highly regarded, as was the institution he lead. Citibank / Citicorp was a cherished brand by its employees and a respected competitor in the financial services industry. Citibank had a unique, authentic, brand identity

*** and ***

According to David, “82% of shareholder value is intangible.” According to John, one-third of all shareholder value is attributed to “brand.
“So here’s an idea I’d like your help with: If we could find 24,000 Citibank employees willing to donate $10 each into a fund to “keep the trains running,” it might give the employees of this beleaguered institution something to be proud of, and smile about. I bet through Twitter, LinkedIn, Xing, and Facebook we could mobilize enough Citibankers to take up the cause. Next year, the Holiday Trains at Citigroup Center exhibit could be “In memory of Walter B. Wriston.” The fund could be set-up as an old-fashioned “Christmas Savings Account.”
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Dave always finds the great challenging ideas. Worth every nickel of my free RSS subscription.
It is clear that the current crop of “leaders” isn’t worth the power to blow them over. Poof! They’re gone. Gone; absconding with the salary, bonus, options, perks, and benefits. (I laffed at the Ford guy taking a $1/year! If the Congress MYOBed and Ford had to do Chapter 11, he could wave “bye” to his stock and options.)
It’s sad that “leaders” are so dishonest.
The time of large corporations is so OVER!
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GUN: Use a tool; need support?

Wednesday, December 17, 2008

MA: Gun-rights advocates stand by Worcester worker – Boston Herald

“Antiviolence and gun-rights backers banded together yesterday in support of a Worcester liquor store clerk who shot and killed a masked man who allegedly pulled a gun on him during an attempted robbery. … ‘It sounds like a cfear-cut case of self-defense, which is what the Second Amendment is really all about,’ said Jim Wallace, director of the Gun Owners Action League of Massachusetts. ‘The (clerk) was properly lawfully in possession of a firearm. It sounds like a win-win situation.’ Forty-year-old Evan Louis Rivera, who entered the store with another masked man, pointed a gun at one of the clerks and one of the clerks fired back, striking Rivera multiple times, police said. Rivera died 45 minutes later. John Rosenthal, co-founder of Stop Handgun Violence and a rifle owner, said he supports responsible gun ownership and the use of firearms in self-defense.” (12/12/08)

http://www.bostonherald.com/news/regional/view.bg?articleid=1138553

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Which begs the question, why in the world would some one who defends themself or their property need support. He should get a parade!
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FUN: Blagojevich Indictment Threatens Nation With Asterisk Shortage

Tuesday, December 9, 2008

Blagojevich Indictment Threatens Nation With Asterisk Shortage

By gillespie @ reason.com (Nick Gillespie)

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ROFL!

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TECHNOLOGY: Website fraud

Saturday, November 22, 2008

http://www.wired.com/politics/law/news/2008/11/classmates

Classmates.com User Sues; Schoolmates Weren’t Really Looking for Him
By Ryan Singel Email 11.12.08

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When Classmates.com told user Anthony Michaels last Christmas Eve that his former school chums were trying to contact him, he pulled out his wallet and upgraded to the premium membership that would let him contact long-lost fifth-grade dodge-ball buddies and see if his secret crush from high school had looked him up online.

But once he’d parted with the $15, Michaels learned the shocking truth: No one he knew was trying to contact him at all. Classmates.com’s come-on was a lie, and he’d been scammed.

{Extraneous Deleted}

*** end quote ***

Instead of NJ chasing after eHarmony for not “servicing” homosexuals, maybe they should chase the corrupt politicians who are stealing our tax dollars. Or, this site that is defrauding folks.

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