Letitia, another DEI hire, campaigned to get Trump

The latest non-crime and ridiculous "award" of nearly half a million (paid out to whom since there was no victim and no crime?) for "civil fraud" against Trump brings back to memory how our federal government created a housing/mortgage free fall in 2007-2008 and sent our entire nation into a recession by over valuing homes and getting inadequately funded suckers to fall for the trap. The government backed mortgage agencies have been over evaluating the real estate market for decades. We were helping our son buy a home at that time, and the ridiculous financing of that era was unbelievable--so we went the standard route with a solid down payment. Just call me Fannie Mae/Freddie Mac. The only crime was that of AG Letitia, another DEI hire, vowing in her campaign to get Trump. She used Trump to get elected. She called him "illegitimate" meaning she publicly campaigned on not believing in the results of the 2016 election. Isn't that illegal? Republicans are call Nazis for believing the 2020 election was a fraud. No one else would have ever been charged with what the government has done for decades.

See what New York AG said while running for office about charging Trump | CNN Politics

In 2008 I wrote a poem about the fed chair and the Secretary of the Treasury.

"I’ve got the low down, trillion dollar, Ben and Henry Blues"
by Norma Bruce ©

Woke up this morning ‘bout five fifteen,
Read my big ol Bible and a new magazine,
Jumped in the van, turning on the key
Let me tell you mama, there’s no stopping me.

Driving on to Main Street, stopping at the light
Heading for the coffee shop the other side of night,
Singing with the radio, changing stations now
Got the dog and pony show, candidates take a bow.

(refrain) Mitigating factors, oozing out the wazoo,
Sell ‘em or hold ‘em, it’s all a rescue.
I’ve got the low down, trillion dollar
Ben and Henry blues.

Warm bakery bread and yeasty brown rolls
Congress still propping up the C-E-Os
Espresso coffee chai and tea
The government ya know--that’s just you and me.

NINJA loans for aliens, flipping for the rich,
From coastal homes, to buildings in the sticks,
McBama to Fannie to Goldman Sachs
They’re pointing fingers and covering tracks.

(refrain) Mitigating factors, oozing out the wazoo,
Sell ‘em or hold ‘em, it’s all a rescue.
I’ve got the low down, trillion dollar
Ben and Henry blues.

Hank Paulson

Hank Paulson was GW Bush's secretary of Treasury.  He has now endorsed Hillary, the crook for 2016. Hmm. If anyone can sniff out money, it'd be Henry Paulson.  Some thought he was one, too.  In 2015 he was supporting Jeb Bush. He was a partner with Al Gore in Cap and Trade because it looked like a good investment and he was on the inside.

I wrote a poem about him in 2008 during the Muslim pirates hostage crisis.

Barney, Nancy, Chris and Hank
threw us hostages in the tank
with bank terrorists taught by Acorn
just like bomber Bernadine Dohrn,
using minorities and the poor
with us as deals on the floor
of the House finance committee,
Oh Lordy, what a pity.

I also wrote a blues song during the October 2008 melt down with Henry in the refrain.

Mitigating factors, oozing out the wazoo,
Sell ‘em or hold ‘em, it’s all a rescue.
I’ve got the low down, trillion dollar
Ben and Henry blues.

Just one big happy company trading in favors

According to Bloomberg:

"Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007.

The company’s effective income tax rate dropped to 1 percent from 34.1 percent, New York-based Goldman Sachs said today in a statement. The firm reported a $2.3 billion profit for the year after paying $10.9 billion in employee compensation and benefits."

Ho, Ho, Ho. Merry Christmas. So we taxpayers, many of whom are now applying for unemployment checks or standing in a line of 937 for 10 jobs waiting tables, passed the hat for Goldman Sachs Christmas bonuses, which I'm sure were part of "compensation and benefits." Were no guidelines written into this give away package? The $18 billion bonus fund was set aside in 2007. Why didn't they use their own money for the bailout?

Couldn't Congress see this coming? Their own stimulus package so they can pay the mortgage on the multi-million dollar home and the 3rd Mercedes lease. Normally, I don't worry myself about bonuses, perks and salaries--unless I've loaned the company money or own stock in it. And I think I'm now an owner and should have a say in this one. What do you think?

Henry Paulson, the architect of these bailouts, and currently king of the world, is a former employee of Goldman Sachs and a partner with Al Gore in the next great ponzi scheme, cap and trade, a multi-million dollar business called, Generation Investment Management (GIM).

Al Gore might have invented the internet and a new religion, but he's not smart like Hank in money matters. GIM is part of the major carbon-credit trading firms that currently exist: the U.S. Chicago Climate Exchange (CCX) and the Carbon Neutral Company (CNC) in Great Britain. The CCX, is a regulated exchange whose members are committed to cutting their emissions (all the big players are in it--Ted Turner, Kofi Annan, Gore's former chief of staff, Peter Knight, Canadian industrialist Maurice Strong). It is the only cap-and-trade system in North America for six greenhouse gases. Last September, Goldman Sachs bought 10% of CCX shares for $23 million. CCX owns half the ECX (European Climate Exchange), so Goldman Sachs has a stake there as well. See how neatly this works--and it is so bi-partisan, Republicans, Democrats, Americans, Canadians, Brits, Socialists and little 3rd world U.N. tyrants all working together, singing Kum-ba-ya around a non-polluting campfire.

Another former Goldman employee--18 years--is Obama's choice for a "sweeping overhaul" of the Commodity Futures Trading Commission, Gary Gensler. He probably had his cap set (no pun intended) on the SEC but has lost out the Mary Schapiro, head of FINRA, which was asleep at the switch in catching Bernie Madoff.

When Paulson was appointed in 2006 apparently two things on his side (to assure confirmation) was that 1) like most Goldman Sach CEOs he was "insanely wealthy", and 2) a committed environmentalist. Something for everyone.

For information on CCX, ECX, GIM, Hank and Al, see here, and here.

Madoff, Dreier and Blagojevich

Marc Dreier, the big spender and power hungry lawyer, has losses alleged to be $380 million plus a bunch of staff and partners wondering where their next paycheck is coming from (jail?), and the Bernard Madoff Ponzi scheme could be $50 billion, an amount hard to hide, so Rod Blogojevich trying to weasel a paltry $500,000 and a job for his wife looks like small potatoes doesn't it? Plus, the outrageous other stories make Obama a charmed politician again--pushed the criminal activity of the Illinois governor right off the front page. But then, Obama hardly knew him. Helped with his campaign, his staff talked to him recently, but really, he's absolutely clean. All the media say so. And look how they sniffed out all those other stories of corruption! Yah! So much for investigative reporting.

Really, I've never been so discouraged or dispirited with both our government and our greedy, power hungry movers and shakers. It's hard to say which is more corrupt. Who do you trust these days? Certainly not George Bush who has allowed the government to slide into socialism using the economy as an excuse--after he became the all time big spender; and certainly not Barack Obama who will finish the job with his marxist buddies; and not an ex-president who took millions from foreign interests who hope his wife will stroke them; and not scummy Wall Street CEOs buying art collections and mansions, and not the inept union bosses; and not an ex-vice president in business with Hank Paulson to sell phony carbon credits; and not the people we elected who promised so much and then threw it all away; and not the regulators they appointed and hired to see that everything was done right and then didn't notice a thing was wrong despite a ballooning staff and budget. . .

I think we all, especially me, need to apologize to the welfare cheats and illegal, criminal aliens who have been stealing from us for the past 20-30 years. To all the lazy bums we've griped about, my sincere apology. Yes, you screwed up, but you didn't reach for the stars, didn't set high enough goals in your petty crimes. Some of you went to jail, and Dreier and Madoff are out walking around, or on "house arrest." Is that fair? I wish now you were the only crooks we needed to worry about. These small time criminals have allowed our prejudices toward the poor and stupid to take our eye off the rich and smart crooks. I think I can even say the little guy had limited options. But what do you say about the guys who went to Harvard and Yale, who cheated the friends and charities and staff who trusted them, who sat in the pew or synagogue when not jetting around the world, who threw lavish parties, and moved in all the right social circles, who sold the voters down the river, and partied and parceled out the pork 'til they couldn't hold any more?

List of Madoff's Clients, NYT

Meet the most powerful man in the world

until January 20, 2009. Who said you wouldn't get to the top with a degree in English (the degree of choice for directionless students when I was in school)?


Henry Merritt Paulson, Jr., was born on March 28, 1946, in Palm Beach, Florida. He graduated from Dartmouth College with a bachelor's degree in English in 1968 and from Harvard University with a master's degree in business administration in 1970.

Paulson began his career as a staff assistant to the assistant secretary of Defense from 1970 to 1972. He then became a member of the White House Domestic Council in the administration of Richard Nixon, serving as a staff assistant to the President from 1972 to 1973.

After his time in Washington, D.C., Paulson joined Goldman Sachs, an investment bank, at their Chicago offices in 1974. He became partner in 1982, and from 1983 until 1988 he was the head of the Investment Banking Services for the Midwest region. In 1988, he became managing partner of the Chicago office, and in 1994, he was appointed to the position of President and chief operating officer. In 1999, he became chairman and chief executive officer of Goldman Sachs.

President George W. Bush nominated Paulson as secretary of the Department of Treasury in 2006, and the U.S. Senate unanimously confirmed him on June 28, 2006. As the seventy-fourth secretary of the Treasury, Paulson is the leading policy adviser to the President on domestic and international economic affairs.

From The American Presidents On line reference source at Miller Center of Public Affairs, University of Virginia, Charlottesville, VA 22904

The Hank and Ben Show

Seen at jomama

Is it too early for a repeat? So much has happened in 2 weeks. Our investment advisor says we're the lucky ones--our portfolio has dropped "only" 8%--the market 20%. By next week it won't make much difference, but we'll be using cash to draw down our IRAs which we are required to do next year.

I’ve got the low down, trillion dollar, Ben and Henry Blues
by Norma Bruce

Woke up this morning ‘bout five fifteen,
Read my big ol Bible and a new magazine,
Jumped in the van, turning on the key
Let me tell you mama, there’s no stopping me.

Driving on to Main Street, stopping at the light
Heading for the coffee shop the other side of night,
Singing with the radio, changing stations now
Got the dog and pony show, candidates take a bow.

Mitigating factors, oozing out the wazoo,
Sell ‘em or hold ‘em, it’s all a rescue.
I’ve got the low down, trillion dollar
Ben and Henry blues.

Warm bakery bread and yeasty brown rolls
Congress still propping up the C-E-Os
Espresso coffee chai and tea
The government ya know--that’s just you and me.

NINJA loans for aliens, flipping for the rich,
From coastal homes, to buildings in the sticks,
McBama to Fannie to Goldman Sachs
They’re pointing fingers and covering tracks.

Mitigating factors, oozing out the wazoo,
Sell ‘em or hold ‘em, it’s all a rescue.
I’ve got the low down, trillion dollar
Ben and Henry blues.

Where is Paulson now in the new bill?

On Sept. 28: "The draft legislation, which will be put to a House vote on Monday, gives Treasury Secretary Henry M. Paulson Jr. and his successor extraordinary power to decide how the $700 billion bailout fund is spent. For example, if he thinks it wise, he may buy not only mortgages and mortgage-backed securities, but any other financial instrument. . . Rarely if ever has one man had such broad authority to spend government money as he sees fit, with no rules requiring him to seek out the lowest possible price for assets being purchased." NYT here

This is the scariest part of the bailout. Haven't heard a thing today about him. We don't even know who will be in this position come January. Hey--could be Barney Frank! Fannie, Freddie and Frankie.

Text of the EMERGENCY ECONOMIC STABILIZATION bill--it's huge. It should be a requirement that no one is allowed to vote who hasn't read the bill.

Dear George, Henry and Ben

Your bailout stinks. In a few months you'll be gone and you are handing the Democrats a federalized economy while you're still in office, what they planned for later on in the Obama years. You're not even going to make them work for it! I don't want to blame this all on President Clinton, because he had a Republican Congress to work with, but getting a home loan used to be very different before the mid-90s. It took 20% down, and our housing cost couldn't exceed 35% of our monthly after tax income. It's possible that since you guys are all rich, you've forgotten how we ordinary folks scrimped and saved and did without to pay our mortgages. Then someone brilliant decided we needed to move everyone into "the American dream," without considering who could or would pay. Then we got the NINJA loans, and even wealthy people took advantage of your lax no interest, no assets loans during the housing bubble. Yes, some minorities and poor people got into homes, most of which they couldn't afford. Again, I don't blame just the Democrats--I seem to remember something laudatory about this in the last State of the Union address.

You, President Bush, proposed in 2001 and 2003 the overhaul in the housing finance industry. It was blocked by liberal Democrats. That's a failure of leadership; we can't blame only the Democrats. Then Senator McCain with three other Senate Republicans tried to reform the government’s involvement in lending in 2005 and again that was blocked by Democrats. So he's not the "can't we all get along guy" that he thinks he is. And Obama? He was missing in action or not on board. (Why is this guy always out of the room when an important vote is taken? He's actually getting points for his absenteeism!)

Maybe you think I’m excusing you, but I’m not. You are the leaders. Why did you let the Democrats bamboozle us, and why put them in charge again when they've made such a mess? Now you are going to make the tax paying, honest, bill paying American pay for the mistake the two parties made together? Barney Frank and Chris Dodd are the reigning Democrats in banking and finance, and the rules were changed during the Clinton administration and it was former members of his administration who drove these GSEs into the ground and walked away with Golden Parachutes.

Tell me why, George W. Bush, should we bail out these bad, bad decisions made at the federal level by the Democrats in Congress and your administration?