White House Bails Out ‘Clinton’s Favorite Bank’ Through Goldman Sachs, Citigroup, GE

Shorebank logoCongressman Spencer Bachus of Alabama must feel like he’s experiencing déjà vu all over again.

The Ranking Republican on the Financial Services Committee last month asked the Obama Administration to explain its role in the bailout of Chicago-based ShoreBank, a lending institution favored by the community organizing and green job creating crowds. Hundreds of similar-sized others were allowed to fail, but several “too big to fail” banks (who survived thanks to TARP money) were reportedly pressured into a joint effort to rescue ShoreBank. Bachus sent the president a letter, then issued a press release:

Bachus and Oversight and Investigations Subcommittee Ranking Member Judy Biggert demanded to know who in the Administration was involved in orchestrating capital contributions totaling approximately $150 million by some of the nation’s largest banks, including Goldman Sachs and Citigroup (also GE Capital, JP Morgan, and others), so that ShoreBank could qualify for $75 million in

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Flaherty: Pelosi Doesn’t Know What She is Talking About

Friday, June 11, 2010- Peter Flaherty, President of the National Legal and Policy Center, is interviewed by Sally Kidd of Hearst TV on the BP oil spill. Hearst TV provides news reports to 30 broadcast TV stations. Here’s a transcript:

Stefan Holt:  Everybody welcome back to WPBF 25 news, I’m Stefan Holt.

Angela Rozier:  And I am Angela Rozier.  Continuing coverage of the oil spill now with a live look at the leaking well, tonight after new estimates from the government. Scientists are warning of greater harm to the Gulf regions wildlife.  They said, oil, twice as much as had been thought is likely to travel longer distances.

Stefan Holt:  Tonight the government admits that it is hard to nail down just exactly just how much oil has been spewing into the Gulf of Mexico.  Coast Guard Admiral Thad Allen says there is still hope that the … Read More ➡

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Flaherty Blasts Wal-Mart on Fox News Channel

On Friday afternoon, I discussed Wal-Mart’s support for ObamaCare and Cap and Trade with guest host Connell McShane on Your World With Neil Cavuto on Fox News Channel. That morning, I spoke in favor of our shareholder proposal asking for a report on Wal-Mart’s lobbying priorities at the company’s annual meeting in Fayetteville, Arkansas. Here’s a transcript of the interview:

Connell McShane (guest host): Wal-Mart today having its annual shareholders meeting, getting an earful from one group on the retail giant’s support of the new healthcare law also the cap and trade legislation. To the guy who is leading this charge, Peter Flaherty of the National Legal and Policy Center. So Wal-Mart supports cap and trade and supports health care Peter. What’s the big deal? Who cares? Why are you so angry about that?

Peter Flaherty (President, National Legal and Policy Center): Well Connell, I think it is … Read More ➡

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MSNBC Covers Steele/Sharpton Flap

MSNBC’s Mara Schiavocampo reported live on Wednesday, April 14 from the National Action Network (NAN) conference about NLPC’s request that Republican National Committee Chairman Michael Steele cancel his Thursday speech. Steele should have listened to us. According to the New York Daily News:

Republican National Committee Chairman Michael Steele embraced the Rev. Al Sharpton as a “strong leader” yesterday while comparing some in his own party to an elephant’s rear end.

Steele so far has weathered a recent controversy over RNC spending, including a $2,000 tab at a bondage-themed club in California, which upset fellow Republicans.

But his speech to a midtown gathering of Sharpton’s National Action Network could set off a new round of GOP head-scratching.

Though Sharpton has long been vilified by Republicans, Steele hailed him as a “friend.”

This came during the same week that Sharpton attacked Supreme Court Justice Clarence Thomas in racially-charged terms. … Read More ➡

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Emails Confirm NLPC Finding That Google Ignores Video Copyright

Google logoA federal judge recently gave us some fascinating reading when he ordered the release of documents in Viacom’s $1 billion lawsuit against YouTube, now owned by Google. Viacom has alleged that YouTube violated its copyrights on over 100,000 clips, including those of its most popular shows like South Park and The Daily Show.

The emails, obtained by Viacom as part of the litigation discovery process, reveal more than indifference to copyright, or simply looking the other way. Indeed, they chronicle a race to the bank by the YouTube founders who sought to build their user base by offering copyrighted material, in order to sell the company before the scope of what they were doing became apparent.

Even more remarkably, Google executives were among the few people outside of YouTube who fully understood that YouTube’s success was based primarily on copyrighted material. But they went ahead and bought YouTube anyway in … Read More ➡

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DNC Donor Arrested for Threatening Rep. Cantor, Media Warns of ‘Tea Party’ Violence

CantorA Democratic National Committee donor was arrested on Monday for death threats that he made toward Rep. Eric Cantor (R-VA), but many journalists are still blaming the conservative “tea party” movement for allegedly fomenting political violence.

Philadelphia resident Norman Leboon, 33, was charged for posting a YouTube video in which he threatened to kill Cantor and his family, just days after a bullet was fired through the window of Cantor’s Richmond campaign office by an unknown gunman.

“You receive my bullets in your office, remember they will be placed in your heads. You and your children are Lucifer’s abominations,” Leboon reportedly said in the video. According to Federal Election Commission filings, Leboon is a Barack Obama supporter, who donated $505 to the Democratic National Committee in June, 2008.

But despite the fact that no conservatives have been charged with committing violent acts related to the recent Congressional health care vote, … Read More ➡

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Flaherty: Rangel Denials ‘Implausible’

CNN’s Anderson Cooper looks at resignation of Rep. Chairman Charles Rangel as House Ways and Means Committee Chairman, with Joe Johns reporting. NLPC President Peter Flaherty calls Rangel’s claim “implausible” that he did not know of corporate sponsorship of Caribbean junket. Click here to download a 2-page pdf transcript.

Related:

NY City Cuts Off Funding For Rangel-Backed Group

Charles Rangel Attacks NLPC on House Floor

Rangel Faces New Ethics Complaint From Conservative Group (The Hill)

NLPC Files New Rangel Ethics Complaint

Two House Ethics Committee Members Tainted by Rangel Cash

Timeline of Charles Rangel Ethics Scandal

Photo Casts More Doubt on Rangel Claims

Flaherty: Rangel Had to Know of Junket’s Corporate Sponsorship (Fox News Channel video)

Flaherty: Rangel Dirty Even After Coming Clean (CNN/Anderson Cooper video)

Flaherty: Rangel is ‘Serial Offender’ (CNN/Anderson Cooper video)

NLPC Alleges Charles Rangel Hid More Income in Complaint to House Ethics CommitteeRead More ➡

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Fox News: NLPC Exposed Rangel Junket

Fox News Channel reports on the House Ethics Committee’s admonition of Ways and Means Chairman Charles Rangel (D-NY) for accepting trips to Caribbean paid for by Citigroup and other corporations. NLPC President Peter Flaherty attended 2008 St. Maarten event and made photographs and recordings showing corporate involvement

Related:

Rangel Scandal Timeline

Flaherty: Rangel Dirty Even After Coming Clean (CNN/Anderson Cooper video)

Flaherty: Rangel is ‘Serial Offender’ (CNN/Anderson Cooper video)

NLPC Alleges Charles Rangel Hid More Income in Complaint to House Ethics Committee

Washington Post Calls on Rangel to Resign Ways and Means Chairmanship, But What About Criminality?

WSJ Highlights NLPC’s Efforts to Expose Rangel’s Tax Evasion

Rangel Hid $500K in Assets

House Ethics Committee Asks NLPC For Info on Rangel-Led, Citigroup-Funded Caribbean Junket

Peter Flaherty Discusses Citigroup-Funded Congressional Junket on CNBC (video)… Read More ➡

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Flaherty: Rangel Had to Know of Junket’s Corporate Sponsorship

Fox News Channel reports on the House Ethics Committee’s admonition of Ways and Means Committee Chairman Charles Rangel for accepting travel from Citigroup and other corporations. NLPC President Peter Flaherty, who exposed the violation, says Rangel had to be aware of corporate sponsorship. Click here to download one-page pdf transcript.

Related:

Rangel Scandal Timeline

Flaherty: Rangel Dirty Even After Coming Clean (CNN/Anderson Cooper video)

Flaherty: Rangel is ‘Serial Offender’ (CNN/Anderson Cooper video)

NLPC Alleges Charles Rangel Hid More Income in Complaint to House Ethics Committee

Washington Post Calls on Rangel to Resign Ways and Means Chairmanship, But What About Criminality?

WSJ Highlights NLPC’s Efforts to Expose Rangel’s Tax Evasion

Rangel Hid $500K in Assets

House Ethics Committee Asks NLPC For Info on Rangel-Led, Citigroup-Funded Caribbean Junket

Peter Flaherty Discusses Citigroup-Funded Congressional Junket on CNBC (video)

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Scott Brown Victory Is Reaction to Obama’s Corruption of Democracy

Scott Brown photoIn recent days, Barack Obama gathered with House and Senate Democrats in the Cabinet Room of the White House to “negotiate” health care. They no doubt grew alarmed as Scott Brown surged in the polls, but they seemed strangely unaware that their very actions  — meeting behind closed doors in a rump legislative conference from which Republicans were excluded — were fueling the outrage that would make possible a Brown victory.

Even worse, when asked the impact on health care by a Brown victory, they sketched out various scenarios, from not immediately seating Brown to passing the bill under reconciliation, requiring only 51 Senate votes. The unceasing message to Massachusetts voters was that their vote did not count.

The House and Senate health care bills are, of course, not popular with the public. Bad legislation is not enough, however, to make Tea Partiers take to the streets in every corner … Read More ➡

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