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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (105173)	2/28/2009 5:32:50 PM
From: Dale Baker	Read Replies (1) \| Respond to of 542171

Please, prove that "fact". I went and read all their bios. They sure don't look like "liberals" to me- but go ahead, prove it. A quick Google for "liberal" and the following names turned up nothing: Angelo Mozilo - Countrywide Ken Lewis - BoA Jamie Dimon - JPM Hank Paulson - GS Vikram Pandit - C Sandy Weill - C Dick Fuld - Lehman James Cayne - Bear Stearns John Thain - MER I gave up at that point. This big liberal conspiracy on Wall Street must be well-concealed. Of course, the fact that Wall Street gave a lot of money to anyone who landed on a banking regulation committee is supposed to prove it all, no doubt.

To: epicure who wrote (105173)	2/28/2009 5:46:24 PM
From: greenspirit	Read Replies (4) \| Respond to of 542171

Exhibit 1: Fannie Mae. The CEO of Fannie Mae from 1991 to 1998 was James A. Johnson, who served as a senior aide to Democrat Senator Mondale, executive assistant to Vice President Mondale, and chairman of Mondale’s presidential campaign. Prior to that, the Minnesota Post reported that “Johnson worked on the campaigns of Gene McCarthy and George McGovern. More recently, Jim Johnson was selected to vet VP candidates for democratic vice presidential nominees John Kerry and Barack Obama. Second in command of Fannie Mae from 1991 to 1996 was Franklin Raines, who was appointed as the Clinton Administrations Director of the Office of Management and Budget from 1996 until 1998. When Jim Johnson retired from Fannie Mae in 1998, Franklin Delano Raines was appointed as CEO by Clinton and headed Fannie from 1999-2004. Additionally, Clinton’s Deputy Attorney General, Jamie Gorelick, left her post in the Justice Department in 1997 and was immediately appointed as Vice Chairman of Fannie Mae, where she served from 1997 to 2003. Franklin Delano Raines served as Fannie Mae CEO until he was forced out for accounting rules violations on December 21, 2004. Mr. Raines also played a major role during the Carter Administration as Associate Director for Economics and Government in the Office of Management and Budget and Assistant Director of the White House Domestic Policy Staff from 1977 to 1979; Mr. Rains made off with over 90 million dollars in payments based largely on phony earnings reports. Here's a link showing how aggressive Democrats were in defending the conduct of Fannie Mae and Freddie Mac. youtube.com Franklin Raines went to Harvard.

To: epicure who wrote (105173)	2/28/2009 7:26:38 PM
From: greenspirit	Read Replies (2) \| Respond to of 542171

Exhibit 2: Lehman Brothers: Lehman Brothers was an organization almost completely run by Democrats. John Fund the CEO Earned $17,000 an hour and took a perfectly good 158 year old company and ran it into the dirt. Fuld donated to Democratic candidates over Republican candidates by a margin of almost 5-to-1 in the last 15 years. He gave $106,400 to Democratic candidates and political action committees (PACs), and just $22,800 to Republican candidates and PACS dating back to 1993. Also, among Obama's campaign contributors are many Dozen Lehman Brothers Executives, they raised large sums of money for the Obama campaign. Direct contributions exceeded $395,000. John Rhea - (over $500,000) Co-Head of Lehman Bros. Global Investment Banking Mark Gilbert - (over $500,000) Lehman Brothers Senior Executive Christine Forester - (over $500,000) Lehman Brothers Senior Executive Theodore Janulis – Bundler (over $100,000) & Lehman Brothers Head of Global Mortgages Nadja Fidelia – Bundler (over $50,000) & Managing Director of Lehman Brothers

To: epicure who wrote (105173)	2/28/2009 7:56:23 PM
From: greenspirit	Read Replies (2) \| Respond to of 542171

Exhibit 3: Citigroup: Don't believe me, believe the liberal Nation Magazine. thenation.com Citigroup is a monstrosity created in its current state wholly by the Democrats, not right-wing Republicans, just as the original financial deregulation enacted in 1980 was achieved by a Democratic President and Democratic Congress, not Reaganites. That legislation abolished interest-rate controls and decriminalized usury (for an example of legalized usury, check the interest charges on your credit card). The 1998 legislation that created all-purpose megabanks was achieved by Bill Clinton, but with advanced regulatory approval from Fed Chairman Alan Greenspan. Treasury Secretary Robert Rubin--author of Clinton's finance-friendly economic policy--then returned to New York to chair Citi's executive committee. When the Enron fiasco broke in 2001, it was Rubin who phoned a Treasury official to suggest the government come to Enron's rescue. The Bush Administration wisely kept its distance.