Tag Archives: Scandal

News

Who are the ten most corrupt politicians of 2009?

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The list is here, courtesy of Judicial Watch. (H/T ECM)

Here are two of them:

Senator Christopher Dodd (D-CT): This marks two years in a row for Senator Dodd, who made the 2008 “Ten Most Corrupt” list for his corrupt relationship with Fannie Mae and Freddie Mac and for accepting preferential treatment and loan terms from Countrywide Financial, a scandal which still dogs him.

In 2009, the scandals kept coming for the Connecticut Democrat. In 2009, Judicial Watch filed a Senate ethics complaint against Dodd for undervaluing a property he owns in Ireland on his Senate Financial Disclosure forms. Judicial Watch’s complaint forced Dodd to amend the forms. However, press reports suggest the property to this day remains undervalued.

Judicial Watch also alleges in the complaint that Dodd obtained a sweetheart deal for the property in exchange for his assistance in obtaining a presidential pardon (during the Clinton administration) and other favors for a long-time friend and business associate. The false financial disclosure forms were part of the cover-up. Dodd remains the head the Senate Banking Committee.

Rep. Barney Frank (D-MA): Judicial Watch is investigating a $12 million TARP cash injection provided to the Boston-based OneUnited Bank at the urging of Massachusetts Rep. Barney Frank. As reported in the January 22, 2009, edition of the Wall Street Journal, the Treasury Department indicated it would only provide funds to healthy banks to jump-start lending. Not only was OneUnited Bank in massive financial turmoil, but it was also “under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives’ use.” Rep. Frank admitted he spoke to a “federal regulator,” and Treasury granted the funds. (The bank continues to flounder despite Frank’s intervention for federal dollars.)

Moreover, Judicial Watch uncovered documents in 2009 that showed that members of Congress for years were aware that Fannie Mae and Freddie Mac were playing fast and loose with accounting issues, risk assessment issues and executive compensation issues, even as liberals led by Rep. Frank continued to block attempts to rein in the two Government Sponsored Enterprises (GSEs).

For example, during a hearing on September 10, 2003, before the House Committee on Financial Services considering a Bush administration proposal to further regulate Fannie and Freddie, Rep. Frank stated: “I want to begin by saying that I am glad to consider the legislation, but I do not think we are facing any kind of a crisis. That is, in my view, the two Government Sponsored Enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis. We have recently had an accounting problem with Freddie Mac that has led to people being dismissed, as appears to be appropriate. I do not think at this point there is a problem with a threat to the Treasury.”

Frank received $42,350 in campaign contributions from Fannie Mae and Freddie Mac between 1989 and 2008. Frank also engaged in a relationship with a Fannie Mae Executive while serving on the House Banking Committee, which has jurisdiction over Fannie Mae and Freddie Mac.

Click through to see if Obama is on the list.

How about those unions?

In orther news, Obama has decided that unions don’t need to report what they do with all the union dues they collect. (H/T ECM)

Excerpt:

As 2009 fades away, President Obama has decided to let disclosure of hundreds of millions of dollars in forced-union-dues disclosure fade away too. Under current law and regulations valid until December 30th, union bosses were supposed to carefully document the billions of dollars they extract from workers as a condition of employment that they in turn pour into front groups and other “funds” each year.

A large part of the billions were about to be made public and reported on a Department of Labor disclosure form known as the Form T-1 Annual Report. But, that won’t happen now!

According to Bureau of National Affairs, Inc, “The Labor Department is issuing a final rule that extends for one year the deadlines for unions to file Form T-1 Trust Annual Report Reports.”

Where would Obama be without unions?

News

Which foreign countries contribute to the Bill Clinton’s foundation?

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Story here at National Review. (H/T ECM)

Excerpt:

In recent years, the Kingdom of Saudi Arabia gave between $10 million and $25 million to the foundation run by the husband of our current Secretary of State.

“Friends of Saudi Arabia” donated at least another million, perhaps another $5 million. So in short, since 1997, the Saudi Kingdom and its affiliated organizations have provided the Clinton Foundation at least $11 million, and perhaps as much as $35 million.

But I’m sure our Secretary of State held a hard line against them. Remember, it was the last President who was a pawn of the Saudis, or at least the left insisted that was so.

Other foreign governments contributing to the husband of the nation’s chief diplomat: The government of Norway, Kuwait, Qatar, Taiwan’s Economic and Cultural Office, Ministry for the Environment & Territory, Italy and the Sultanate of Oman.

Follow the money.

News

Britain’s National Health Service pays millions to gag whistleblowers

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Story here from the UK Independent. (H/T Legal Insurrection via ECM)

Excerpt:

NHS whistleblowers are routinely gagged in order to cover up dangerous and even dishonest practices that could attract bad publicity and damage a hospital’s reputation.

Some local NHS bodies are spending millions of taxpayers’ money to pay off and silence whistleblowers with “super gags” to stop them going public with patient safety incidents. Experts warn that patients’ lives are being endangered by the use of intimidatory tactics to force out whistleblowers and deter other professionals from coming forward.

The IoS has learnt of children in Stoke-on-Trent needlessly losing organs after safety issues highlighted by a senior surgeon – who was suspended after coming forward to voice concerns – were ignored. In one of more than 20 serious incidents, a newborn baby girl needed an ovary removed after a standard procedure to remove a cyst was delayed because of staff shortages.

According to Public Concern at Work (PCaW), two-thirds of doctors, nurses and other careworkers are accepting non-disclosure clauses built into severance agreements, in order to avoid years of suspension, financial ruin, incriminations and distress before a case reaches court. The details of these claims, including allegations of dangerous practice, dishonesty and misconduct, are never disclosed to the public.

The problem with government-run health care is simple. They take your money through income taxes, and they promise that later on, when you are sick, they will give you treatment. But because you have paid them up front, when the time comes to be treated you have lost your leverage to get the treatment. None of the people providing you with health care have any incentive to treat you – you’ve already paid them! No one’s salary or bonus is riding on providing you with what you want! Provision of care is often rationed so that those who voted for the party in power are served first.

Contrast government-run health care with a free market system. In a free market, sellers of health care services and medical devices compete to earn your money by giving you the highest quality for the lowest price. You have the power over these competing sellers because you have the money in your hand – no one took it from you before you needed to use it. You can always go to a competitor if you don’t like what’s being provided to you for your money, unlike government-run systems. The consumer can choose what they want by comparing prices and patient outcomes across vendors.