Congressmen Got Countrywide Loans But Where is Ethics Committee?

Towns photoNLPC Chairman Ken Boehm reacted yesterday to the release of a report detailing how members of Congress and their staffs received discounted mortgage loans from Countrywide Financial. Boehm told the Washington Examiner:

“It certainly doesn’t look good when reports come out based on legitimate investigations that show all kinds of special treatment, and not only is there no action, the Ethics Committee doesn’t even take it up,” said Ken Boehm, chairman of the National Legal and Policy Center. “What part of unethical don’t they understand?”

The report by the House Oversight and Government Reform Committee, chaired by Rep. Darrell Issa (R-CA), cited loans to Reps.  Edolphus Towns (D-NY), in photo, Buck McKeon (R-CA), Elton Gallegly (R-CA) and former Rep. Tom Campbell (R-CA).

The Countrywide case is the latest instance of inaction by the House Ethics Committee, which is already dragging its feet on investigations of Reps. Maxine Waters (D-CA) … Read More ➡

Obama’s Green Jobs Don’t Materialize

NLPC Associate Fellow Paul Chesser was interviewed on Fox Business Network’s Willis Report on Thursday. Here’s a transcript:

Gerri Willis:  Joining me now, Paul Chesser, Associate Fellow at the National Legal and Policy Center. Hey Paul, welcome back to the show, always great to have you here.

Paul Chesser:  Great to be here.

Gerri Willis: Let me tell you, this is crazy, is it not? I want to just show folks with some of these companies that got loans from the Department of Energy – the jobs that were promised but never delivered. You look at A123 we just talked about this 2,200 jobs that were promised, never delivered. Dow Kokum 230, Ener1 1,450. The list goes on and on and in every case we’ve given the companies money, taxpayer money. Is this any surprise? Should I not be shocked?

Paul Chesser:  Well it is hundreds … Read More ➡

Execs Get Bonuses at Money-Losing Green Firms

NLPC Associate Fellow Paul Chesser was a guest Monday on the Willis Report on Fox Business Network. Here’s a transcript:

Gerri Willis: Burning through taxpayer money, but churning out big bonuses for green energy executives. One of the outrageous parts of the Obama Administration’s failed green energy agenda. It started, as you know, with Solyndra, but it is spreading fast. Paul Chesser is an associate fellow at the National Legal and Policy Center. Welcome back to the show, great to see you.

Paul Chesser: Good to see you.

Gerri Willis: You know, we’re going to focus on First Solar today. And this shocks even me and I have heard every overspending story in the world, probably. But this company called First Solar, they … Read More ➡

A123 Systems: The Next Solyndra?

NLPC Associate Fellow Paul Chesser was a guest Monday on The Willis Report on the Fox Business Network. Here’s a transcript:

Gerri Willis: Another company falling under the headlines – the next Solyndra. Why one battery maker may be headed towards bankruptcy and what it got from taxpayers. Coming up.

Gerri Willis: After a $249 million dollar stimulus grant from the federal government you would think electric car battery maker, A123 systems would be in great financial shape. So, then, why is it being dubbed the next Solyndra? Here to weigh in is Paul Chesser an associate fellow for the National Legal and Policy Center and Robert Bryce, a senior fellow for the Manhattan Institute. Robert, let’s start with you. What the heck is wrong with this company? I mean, you look at this. They got all kinds of federal … Read More ➡

Rangel Fined $23K For Using Rent-Controlled Apartment as Campaign Office

Rangel photoIn response to a Complaint filed by the National Legal and Policy Center (NLPC), the Federal Election Commission (FEC) has entered into a conciliation agreement with Rep. Charles Rangel (D-NY) and his so-called National Leadership PAC (NLP). The FEC found that “there was reason to believe” that Rangel and NLP violated the Federal Election Campaign Act of 1971 by using a rent-stabilized apartment as a campaign office. Rangel and NLP agreed to pay a fine of $23,000. Click here to download a 23-page pdf of the Conciliation Agreement. Click here to download a 16-page pdf of NLPC’s Complaint.

The Complaint was based on articles in 2008 by David New York Times reporter David Kocieniewski that detailed how Rangel lived in three adjoining rent-stabilized apartments and used a fourth as a campaign office. This coverage prompted a more far-reaching examination of Rangel’s finances that led NLPC to discover that Rangel failed … Read More ➡

What the Legal Services Corporation Doesn’t Want Congress to Know

LSC logoNLPC Chairman Ken Boehm has submitted this written testimony to the House Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies, which is holding a hearing today on funding for the Legal Services Corporation (LSC):

Members of the House Committee on Appropriations are certainly used to hearing from representatives of federally-funded programs about the good work done by such programs and why they need many millions more in taxpayer funds, despite the unsustainable national debt. This year the Legal Services Corporation has submitted a FY2013 budget request for $470 million.

As someone who served in senior positions within the Legal Services Corporation (LSC) from 1989-1994 (Counsel to the LSC Board, Director of the Office of Policy Development), I would like Congress to know what LSC does not want them to know.

Most funding for LSC-funded programs comes from non-LSC sources – not LSC.

But you would not find this important … Read More ➡

Energy Secretary Chu Has To Go


NLPC Associate Fellow Paul Chesser was interviewed on Cavuto on the Fox Business Network on March 13. Here is a transcript:

Neil Cavuto: Well, Energy Secretary Steven Chu back on the Hill and backpedaling.

Unidentified Congressman: Are you saying that you no longer share the view that we need to figure out how to boost gasoline prices in America?

Steven Chu: I no longer share that view. These prices well could have – well affect the comeback of our economy and we’re very worried about that and so of course, we don’t want the price of gasoline to go up. We want it to go down.

Neil Cavuto: All right. So Steven Chu actually backing off what he had said back then but Paul Chesser of the National Legal and Policy Center still says the guy’s got to go and now. You know, I know he’s … Read More ➡

SPECIAL REPORT: Why Immelt Needs Obama: General Electric Is a Bank, and It’s Too Big to Fail

Special Report coverNLPC Associate Fellow Fred N. Sauer asserts that General Electric is no longer a great industrial company, but is now dominated by its General Electric Capital Services (GECS) division. Contrary to the conventional wisdom of the financial media that GECS has been GE’s strength in recent years, Sauer argues that GECS is dangerously reliant on short-term financing to support its own lending. The result is a company ultimately dependent on political influence to mitigate the risk, creating opportunities for the well connected, like Warren Buffett.

Click here to download an 18-page pdf version of the Report.

The role of CEO Jeffrey Immelt is explored and unfavorably contrasted to that of Jack Welch, his predecessor. Sauer charges that GE’s executives have put increasing their own compensation above the interests of shareholders- and taxpayers.


 … Read More ➡

Modica Criticizes Tax Credits to GM Dealers Selling Chevy Volts to Gov’t

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