ACORN Funder JPMorgan Chase Doesn’t Look Good in New Madoff Book

Madoff bookA new book by Barron’s reporter Erin Arvedlund asserts that banking giant JPMorgan Chase became aware of Madoff’s Ponzi scheme months before his arrest, prompting the bank to liquidate its positions in a Madoff-related fund. Yet, the bank continued to accept deposits into Madoff’s main account at the bank from unsuspecting investors who were about to lose everything.

NLPC is a critic of JPMorgan Chase’s support for political and social causes that are contrary to the bank’s interests and hostile to the capitalist system itself, such as ACORN. Although these new revelations are a separate controversy, both reflect an apparent willingness by the firm to work with shady enterprises if it is perceived to be in its own interest.

The book is titled Too Good to be True. Excerpts appeared in Barron’s over the weekend. Arvedlund has a great deal of credibility on anything Madoff-related, having written a story … Read More ➡

Special Interests Help Rangel Pay Lawyers $928K in Last Year

Rangel photoJohn Bresnahan reported in Politico on July 15:

Embattled House Ways and Means Committee Chairman Charles Rangel, facing a multi-pronged investigation by the House ethics committee, shelled out nearly $280,000 to four different law firms over the last quarter, according to his newest campaign disclosure report.

Overall, Rangel has paid $928,000 to his attorneys during the last year as his personal finances have come under scrutiny on a variety of fronts.

Much of the money was spent fending off allegations by NLPC.

We exposed Rangel’s 1) evading of taxes on rental income on his Dominican Republic beach house; 2) cheating on his DC property taxes by improperly claiming homestead exemption; and 3) leading a Citigroup-funded junket to the Caribbean in violation of House Rules.

There are two outrages here. First, Rangel gets to pay his legal bills out of his campaign funds while ordinary citizens who get into tax trouble … Read More ➡

The ‘Rooney Rule’: Pro Football’s Affirmative Action Deception

Dan RooneyImagine an America in which employers faced steep fines for failing to interview a sufficient number of minority candidates for a vacant management slot prior to making a hiring decision. Even in this day and age, where Diversity rules, that might seem a far-fetched scenario. Yet for the last half-dozen years, this has been the way the National Football League has operated. And its advocates are seeking ways to expand this regime to a variety of venues – and with a strong assist from government. 

Welcome to the ‘Rooney Rule.’ If you’re not familiar with it yet, you should be. Put into effect since 2003 and named after Pittsburgh Steelers owner Dan Rooney, this NFL by-law requires each team to interview at least one minority (for all intents and purposes, black) candidate in the event of an opening for head coach. The rule came about the previous fall when two … Read More ➡

Google’s Hypocrisy on Censorship

Today NLPC released a letter to members of Google logoCongress responding to a letter from a Google front group called the Open Internet Coalition (OIC). The June 29th OIC letter raised concerns about the use of new technologies like deep packet inspection which the group argued could be used by governments to “spy on Internet communications, censor speech and prevent grassroots democratic activism and free expression.” The letter called for Congressional hearings on the deployment of such technologies.

In our response, we pointed out the hypocrisy of a Google front group calling for regulation of new technologies that can hypothetically be used to subvert free expression, when Google itself has already implemented technologies that do the very same thing in countries like China. Click here to download a four-page pdf of the letter.

I pointed out that it’s some of the very “edge providers” that OIC holds up as “innovators” … Read More ➡

No Surprise Here: Wal-Mart Endorses Obama’s Health Care Mandate

Wal-Mart protestIn a June 30 letter to the White House, Wal-Mart endorsed Obama’s health care plan. The letter was jointly signed by Andrew Stern, boss of the Service Employees International Union (SEIU), and John Podesta, who led the Obama transition team and is chief executive of the Soros-funded Center for American Progress.

Although the move was unexpected to some, it was no surprise to NLPC. In a Special Report published in 2006 and updated in 2008, I chronicled the company’s move to the Left in a futile campaign to placate liberal critics like Wal-Mart Watch, funded by SEIU. On major issues except for “card check,” Wal-Mart has become a powerful tool of liberal activist groups.

Obama’s plan includes an employer mandate to vastly increase government control over health care ostensibly to provide coverage to 46 million uninsured Americans. Wal-Mart’s support represents a betrayal of the large segment of … Read More ➡

Flaherty: Wal-Mart Embraces Obama Health Care to Appease Unions

NLPC President Peter Flaherty debates Wal-Mart’s embrace of Obama health care with Nancy Skinner, talk show host; Julie Roginsky, Comprehensive Communications Group; and Dana Milbank, Washington Post; and CNBC host Dennis Kneale.

Click here for Special Report on Wal-Mart referenced during the discussion. Click here to download a 3-page pdf transcript.


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‘More Bad News’ For Rangel as Ethics Committee Confirms Probe of Caribbean Junket

Rangel photoJohn Bresnahan reports in Politico today:

Already embroiled in an ethics probe now entering its tenth month, Rep. Charlie Rangel (D-N.Y.), chairman of the powerful Ways and Means Committee, received more bad news Wednesday night as the House ethics committee announced it would look into Caribbean trips taken by the veteran lawmaker and four other Democrats.

In a statement released late Wednesday night, Reps. Zoe Lofgren (D-Calif.) and Jo Bonner (R-Ala.), the chairwoman and ranking member of the ethics committee, announced that the panel had voted to create a four-member investigative subcommittee to determine whether the trips violated House gift rules.

Click here to download a one-page pdf of the Commitee’s statement. NLPC exposed this Citigroup-funded junket to the sunny island of St. Maarten that took place the weekend after the election in 2008. I attended in order to document violations of House Rules that prohibit corporate sponsorship of … Read More ➡

Congressional Black Caucus Upset About NLPC-Triggered Probe of Caribbean Junket

St. Maarten photoMike Soraghan reports in today’s edition of The Hill:

An investigation into a trip taken by members of the Congressional Black Caucus (CBC) is triggering a backlash against the Office of Congressional Ethics (OCE) — House Speaker Nancy Pelosi’s signature ethics proposal.

CBC members, frustrated at what they perceive as an accusation by a conservative group that’s been blown out of proportion, last week formed a working group to look at taking on the 2006 resolution that created the OCE.

The junket to sunny St. Maarten took place the weekend after the election in 2008. I attended in order to document violations of House Rules that prohibit corporate sponsorship of travel and hospitality.

The trip was funded by “lead sponsor” Citigroup, a major recipient of bailout funds, which contributed $100,000. Other sponsors included IBM, AT&T, Verizon, Pfizer, Macy’s and American Airlines.

On May 22, the House Ethics Committee asked Read More ➡

Memo to Starbucks: Dig In, Smell the Coffee, Fight Back

starbucks-coffee-cup-227x300Starbucks, that epitome of a socially-conscious corporation, is now the target of a campaign among self-styled socially-conscious activists. One can understand why radical activists would go after discount retail behemoth Wal-Mart. But who would have thought they’d have classy Starbucks in their sights? Last month, Brave New Films, an independent documentary production company based in Culver City, California, launched its “Stop Starbucks” campaign. The website features a four-minute video on YouTube alleging mistreatment by the company of its employees, plus a petition demanding Chairman and CEO Howard Schultz “quit following Wal-Mart’s anti-union example.” Within a week, nearly 12,000 viewers signed it. The campaign also features a Twitter attack, replete with messages like “I want my union with my latte” and “Schultz makes millions, workers make beans.”

All this somehow makes sense. The head of Brave New Films is Robert Greenwald, producer of the 2005 anti-corporate agitprop feature, “Wal-Mart: The High Read More ➡