Barack’s Wall Street Problem is Now America’s »
By Larry JohnsoncloseAuthor: Larry Johnson Name: Larry Johnson
Email: larry_johnson@earthlink.net
Site: noquarterusa.net
About: Larry C. Johnson is CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering. Mr. Johnson works with US military commands in scripting terrorism exercises, briefs on terrorist trends, and conducts undercover investigations on counterfeiting, smuggling and money laundering. Mr. Johnson, who worked previously with the Central Intelligence Agency and U.S. State Department’s Office of Counter Terrorism, is a recognized expert in the fields of terrorism, aviation security, crisis and risk management. Mr. Johnson has analyzed terrorist incidents for a variety of media including the Jim Lehrer News Hour, National Public Radio, ABC's Nightline, NBC's Today Show, the New York Times, CNN, Fox News, and the BBC. Mr. Johnson has authored several articles for publications, including Security Management Magazine, the New York Times, and The Los Angeles Times. He has lectured on terrorism and aviation security around the world, including the Center for Research and Strategic Studies at the Ecole Polytechnique in Paris, France. He represented the U.S. Government at the July 1996 OSCE Terrorism Conference in Vienna, Austria. From 1989 until October 1993, Larry Johnson served as a Deputy Director in the U.S. State Department’s Office of Counter Terrorism. He managed crisis response operations for terrorist incidents throughout the world and he helped organize and direct the US Government’s debriefing of US citizens held in Kuwait and Iraq, which provided vital intelligence on Iraqi operations following the 1990 invasion of Kuwait. Mr. Johnson also participated in the investigation of the terrorist bombing of Pan Am 103. Under Mr. Johnson’s leadership the U.S. airlines and pilots agreed to match the US Government’s two million-dollar reward. From 1985 through September 1989 Mr. Johnson worked for the Central Intelligence Agency. During his distinguished career, he received training in paramilitary operations, worked in the Directorate of Operations, served in the CIA’s Operation’s Center, and established himself as a prolific analyst in the Directorate of Intelligence. In his final year with the CIA he received two Exceptional Performance Awards. Mr. Johnson is a member of the American Society for Industrial Security. He taught at The American University’s School of International Service (1979-1983) while working on a Ph.D. in political science. He has a M.S. degree in Community Development from the University of Missouri (1978), where he also received his B.S. degree in Sociology, graduating Cum Laude and Phi Beta Kappa in 1976.See Authors Posts (796) on September 21, 2008 at 8:56 AM in Current Affairs | 227 Comments
(bumped up by SusanUnPC)
Barack Obama has a major Wall Street and Washington problem that the media so far is refusing to acknowledge or explore. He is in the pocket of the Wall Street firms and mortgage security companies that are at the center of the collapse of the real estate bubble. He is closely tied to at least two of the Fannie Mae principals. As Ricky Ricardo would say, “Barack, you got some splaining to do.”
Let’s start with the numbers. Why is a first term Senator pulling down almost $300,000 a year from Goldman Sachs, Lehman Brothers, Bear Stearns, Fannie Mae, Freddie Mac, AIG, Countrywide Financial, and Washington Mutual? He has not even completed his fourth year in the Senate and received a total of $1,093,329.00 from these eight companies and their employees. (all data from OpenSecrets.org). John McCain’s numbers, according to OpenSecrets.org for the period 1990-2008 (i.e., 18 years worth of data) only collected $549,584.00. In other words, Barack is receiving $273,582.25 (and 2008 is not over) per year while McCain raised a paltry $30,532.44.
Want another shocker? Barack Obama has received more from one source–Goldman Sachs $542,252.00–than McCain has from all of the companies combined. Who the hell is more beholden to lobbyists? And why does a junior Senator from Illinois rate this kind of dough?
Why are these firms and their employees showering Barack with their cash? Although the conventional wisdom wants to pin the Wall Street debacle on Republican greed, the reality is that the real estate market and the big players on Wall Street have been a Democratic game. McCain’s hands are clean when it comes to this mess. That is not spin, that is a fact. He proposed legislation back in 2006 to start addressing the abuses of Fannie Mae and Freddie Mac but the Democrats would have none of it.
Why? Here’s the explanation. Read the rest:http://noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/#more-4939
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