$15 Trillion Scam – Corruption – Obama Collusion

Corruption Story of the Century


Posted by Bridgette

Scandal: Obama, Gore, Goldman, Joyce Foundation, CCX partners to fleece USA


April 27, 2010

Glenn Beck breaks the biggest corruption story of the century yesterday and it doesn’t appear on a Front Page anywhere. Beck points the way to the 15 Trillion dollar scam that has some amazing players.

First Glenn makes and astute point: If Goldman is really the bad guy, why are these people still on the job? The Goldman suit is a put up job!

William C. Dudley, president of the Federal Reserve Bank of New York; was a partner and managing director at Goldman
Gary Gensler, chairman of the Commodity Futures Trading Commission; spent 18 years at Goldman
Mark Patterson, chief of staff to Tim Geithner; former Goldman lobbyist
Philip Murphy; nominated for ambassador to Germany; former Goldman executive
Diana Farrell; deputy director of the National Economic Council; formerly with Goldman
Emil Michael; White House fellow; former investment banker with Goldman

Glenn tells us that a watchdog has steered him to the collusion between Barrack Obama, George Soros, Al Gore, Goldman Sachs, Franklin Raines (super crooked Fannie Mae head), CCX, and Generation Investment Management (GIM-London based co-founded by AL Gore).

Know the crooks and their roles:
George Soros, Joyce Foundation and connection to CCX.

What is CCX, the Chicago Climate Exchange, projected to gross 10 Trillion a year is Cap-N-Tax passes. Obama played a pivotal role in the formation of the CCX. (Click here for expose)

Barrack Hussein Obama, Board Member of the Joyce Foundation, funded the formation of the CCX. (Valerie Jarrett is still on the board, Obama’s top adviser.) Obama sat on board and funneled money to Ayer’s brother (wild huh, just a guy in his neighborhood) and to form the CCX.

AL Gore–Goldman Sachs– GIM: Hold on to your britches, London-based Generation Investment Management sees the Trillion and they purchased a huge stake in Chicago Climate Exchange (fifth largest shareholder.) The founder of GIM is none other than former Vice President Al Gore along with Goldman people. For example other founders are David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman) to name a few. “

Franklin Raines, mega crooked banker and bust Fannie Mae head, uses Fannie Mae (taxpayers money) to buy the technology to measure and manage carbon. The patent was award the day after Obama and Dems won the election.

Goldman Sachs owns ten percent of the CCX and its 10 Trillion a year potential. (CCX is 10% owned by Goldman Sachs (GS) and 10% owned by Generation Investment Management (GIM).) Gore, Goldman, and Cap and Trade – Tangled Web of Corruption

http://www.examiner.com/x-14143-Orange-County-Conservative-Examiner~y2010m4d27-Scandal-Obama-Gore-Goldman-Joyce-Foundation-CCX-partners-to-fleece-USA

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Glenn Beck: Why Goldman Is Willing to Take the Heat
April 27, 2010 – 3:48 ET

Faith, hope and charity: We used to seek God’s blessings on the country, we used to pursue maximum freedom to solve problems and we’d rely on one another in times of need.

Now we’re being pushed towards what progressives have always found hope in: Dependency on regulations and administrations. Average Americans find that approach to be red tape. Our Founding Fathers found it to be slavery.

So it kind shocks me when there’s no outcry to news stories like this one reported in the Financial Times over the weekend: The “U.S. is preparing to pivot from domestic regulatory reform to push for a tough new international capital regime.”
Excuse me?

We’re talking about the foundation of international financial regulations and global governing. It’s a trial balloon being floated out there and I guess it was a success because the response was complete and total silence.

Is it just me who thinks this is a bad idea? Am I alone? I guess so, because even Republicans are OK with this one. How could that happen? Easy: It’s those evil, greedy Sith lord Wall Street executives! Like the ones at Goldman Sachs, who are appearing before the almighty Senate Tuesday to get grilled by the Senate Permanent Subcommittee on Investigations (sounds scary) about their so-called attempts to manipulate and profit off the crash of the housing market.

They’ll get chewed out and made an example of by people like Chris Dodd, who joined in the chorus of Goldman haters on “Meet the Press” on Sunday:

SEN. CHRIS DODD, D-CONN.: Here we are, 17 months after someone broke into our house in effect and robbed us… and we still haven’t changed the locks on the doors.

LARRY SUMMERS, WHITE HOUSE ECONOMIC ADVISER: These off-balance sheet, nontransparent vehicles with what people call implicit guarantees, invite these kinds of problems.

SEN. RICHARD SHELBY, R-ALA.: We have to end once and for all the casino atmosphere on Wall Street, where they’re gambling, basically, on synthetic ideas and so forth — with somebody else’s money.

You’re right, Chris: You have to change those locks. But the other thing to make sure of is that the people you are calling to change the locks aren’t the same ones who were involved with the robbery in the first place.

Yes, Dodd and his buddies will chew out Goldman, but if they are the root of all evil, why do these people all still work in the administration?

• William C. Dudley, president of the Federal Reserve Bank of New York; was a partner and managing director at Goldman

• Gary Gensler, chairman of the Commodity Futures Trading Commission; spent 18 years at Goldman

• Mark Patterson, chief of staff to Tim Geithner; former Goldman lobbyist

• Philip Murphy; nominated for ambassador to Germany; former Goldman executive

• Diana Farrell; deputy director of the National Economic Council; formerly with Goldman

• Emil Michael; White House fellow; former investment banker with Goldman

There’s just a few. And if Goldman really are the bad guys, we have bigger problems than just regulation, because we have to talk about global warming as well.

I got a tip from a watchdog — and by the way, if you are new to the program and don’t know what a watchdog is, that’s you. We’ve got millions of watchdogs e-mailing in tips and stories big and small and we welcome every single one of them. We get to as many as we can and even report on some of them, like this one about the Chicago Climate Exchange.

In case you didn’t know the Chicago Climate Exchange existed — it does and it started trading in 2003. It’s billed as: “North America’s only cap-and-trade system for all six greenhouse gases, with global affiliates and projects worldwide.” Members agree to a voluntary, but legally binding agreement to “meet annual Green House Gas emission reduction targets.”

What’s cap-and-trade? A scheme designed to transfer wealth from the companies that have to the companies that have not through the regulation of invisible gases. Remember, it was ENRON who lobbied heavily for this type of system, because they knew how to swindle a profit out of it.

Environmentalists like Obama want this system because it will make prices skyrocket and people will be forced to use less energy. But I don’t want to put words in his mouth, I’ll let him say it:

THEN-PRESIDENTIAL CANIDATE BARACK OBAMA: Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.

Got it? So the main beneficiaries will be big corporations and proponents of the redistribution of wealth. You are the loser here because you pay more for energy. But you can feel good because you saved the planet.

Uh-huh.

Not to mention, other places — like Europe — who have tried to implement green initiatives (like Spain) and then base markets on it are suffering the consequences. Because, as Time unwittingly described the creation of Chicago Climate Exchange, it “creates something out of nothing.” There is no value behind the market; it’s like Pets.com except now its solar panels.

So who would want to create something like this?

In 2000 and 2001, Chicago Climate Exchange received start-up grants from the Joyce Foundation. The Joyce Foundation is like the George Soros’ TIDES Foundation. In fact, it’s actually bigger than TIDES and even funds TIDES. Think of it as a place where uber-rich and powerful liberals like to dump their money into, so the cash can be spread around to their pet projects without a direct link.

The Joyce Foundation supports such luminaries as John Ayers (William Ayers’ brother).

There was one influential member on the board of the Joyce Foundation at the time the Chicago Climate Exchange got its seed money; someone instrumental in steering the funds towards the creation of the Chicago Climate Exchange. They were on the board from 1994-2002. The founder of the Chicago Climate Exchange, Richard Sandor, said that he “knew (this person) well,” which is perhaps how the money was awarded to the Kellogg Graduate School of Management, where Sandor was a research professor. I’ll get back to that person in a minute.

Sandor saw big things in a climate exchange market. How big?

BLOOMBERG REPORTER: So how big do you think this market could be?

RICHARD SANDOR, CHICAGO CLIMATE EXCHANGE: I think it’s a $10 trillion a year market.

REPORTER: Say that again?

SANDOR: $10 trillion a year.

A $10 trillion a year market? That’s a lot to go around. In comparison, the value of U.S. company shares on major U.S. and foreign stock exchanges equities market was $15 trillion in 2009. There’s a lot of money riding on this climate legislation. But remember: It’s all about saving the Earth.

London-based Generation Investment Management sees the earning potential as well. That’s why they purchased a stake in Chicago Climate Exchange and are the fifth largest shareholder. The cofounder of the London-based firm? Former Vice President Al Gore. I say cofounder because some of the other founders include David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman).

In 2006, the Chicago Climate Exchange got a nice boost of confidence when an investor stepped to the plate and ponied up to purchase 10 percent of the combined company. Cofounder of the Chicago Exchange said the investment was big and welcome news. The investor? Goldman Sachs.

Oh and I almost forgot: The person at the beginning of it all? The one on the board of the Joyce Foundation that secured the initial funding for this project? Barack Obama.
This is so weird. It’s almost like those our government says are responsible for the financial collapse are the ones directly involved in the “solutions.” So much for “changing the locks,” Chris.

OK, now let’s look at this. What you have is a structure. This is the building: the Exchange. You’ve got the structure, all the players.

So what are we missing? Well, we’re missing the bill and the technology to make it happen; the machinery to make it happen.

You are trading air; it’s hard to keep track of air. The good news is, the bill is being worked on by Republicans and Democrats. That’s cap-and-trade.

The machinery, the device? A patent for such a device was worked on by CO2e.com CEO Carlton Bartels. Shortly after he filed for the patent on his system to trade residential carbon credits, he was killed in the 9/11 attacks. Bartels wife then shopped the idea around and was able to find a buyer. The buyer ended up being a guy who wasn’t really a good guy, he committed massive accounting fraud and manipulated earnings in his company in order to make huge bonuses.

That person was Franklin Raines, who just happened to be the CEO of Fannie Mae at the time. The patent was eventually approved by the U.S. Patent and Trade Office on Nov. 7, 2006 — coincidentally the day after Democrats took control of Congress. Thanks to Barbara Hollingsworth of the Washington Examiner for pointing this out to us.

So now, Fannie Mae, who is congressionally mandated to “make housing more affordable,” is poised to reap billions on a system that has nothing to do with housing except for that it would make housing costs go up.

That’s great.

Remember when Fannie purchased risky mortgages from banks, bundled them together and sold to investors as mortgage-backed securities? And then the housing market was absolutely destroyed? Well, former Fannie VP Scott Lesmes was responsible for that bundling.

Well, here’s the good news: Not only will this new carbon trading “system” try the exact same bundling method (except with air); they are using the exact same guy: Scott Lesmes.

But, please, don’t worry. The only ones involved in this are the corrupt Franklin Raines, Mr. redistribution of wealth Barack Obama, and all the people who the House and Senate are currently saying are the bad guys. Other than that, this should work out great.

It’s almost like Goldman is willing to take a little heat now, in order to get a little piece of the $10 trillion green pie later. I challenge the media: Will anyone pick this story up? Will anyone question this and the timing of it all?

All of a sudden illegal immigration has leap-frogged global warming? Is it because Goldman has to take hits to get the global government structure done? And then they get the payoff? Or will you continue to say oh, he’s crazy and not talk about the facts.

http://www.glennbeck.com/content/articles/article/198/39670/

From CCX website:

Welcome to CCX: We are a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals through the following platforms.
Chicago Climate Exchange (CCX) is North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.

Chicago Climate Futures Exchange (CCFE) is a landmark derivatives exchange that currently offers standardized and cleared futures and options contracts on emission allowances and other environmental products. CCFE is a wholly owned subsidiary of CCX.

Membership List See the names…no wonder this won’t go mainstream media!
(Visit CCFE’s website)
H/T: Photo from Lame Cherry’s site.

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108 responses to “$15 Trillion Scam – Corruption – Obama Collusion

  1. A good synopsis here.

    Obama’s cronies make the Mafia look like rank amateurs!
    Wed Jul 28, 2010 djour8142

    Financial experts think this will be the largest “scam” or “legalheist” in world history. Obama’s cronies make the Mafia look like rank amateurs. They will make Bernie Madoff’s fraud look like penny ante stuff…..

    This story has been put together from various articles and TV shows by the British Times paper. It shows what Obama and his friends are really all about. It’s not hope and change, it is money.

    A small bank in Chicago called ShoreBank almost went bankrupt during the recession. The bank made a profit on its foreign micro-loans (see below) but had lost money in sub-prime mortgages in the US. It was facing likely closure by federal regulators. However, because the bank’s executives were well connected with members of the Obama Administration, a private rescue bailout was arranged. The bank’s employees had donated money to Obama’s Senate campaign. In other words, ShoreBank was too politically connected to be allowed to go under.

    ShoreBank survived and invested in many “green” businesses such as solar panel manufacturing. In fact, the bank was mentioned in one of Obama’s speeches during his election campaign because it subjected new business borrowers to eco-litmus tests.

    Prior to becoming President, Obama sat on the board of the JOYCE FOUNDATION, a liberal charity. This foundation was originally established by Joyce Kean’s family, which had accumulated millions of dollars in the lumber industry. It mostly gave funds to hospitals but after her death in 1972, the foundation was taken over by radical environmentalists and social justice extremists.

    This JOYCE FOUNDATION, which is rumored to have assets of 8 billion dollars, has now set up and funded, with a few partners, something called the CHICAGO CLIMATE EXCHANGE, known as CXX. It will be the exchange (like the Chicago Grain Futures Market for agriculture) where Environmental Carbon Credits are traded.

    RE: Scandal: Obama, Gore, Goldman, Joyce Foundation CCX partners

    Under Obama’s new bill, businesses in the future will be assessed a tax on how much CO2 they produce (their Carbon Footprint) or in other words how much they add to global warming. If a company produces less CO2 than their allotted measured limit, they earn a Carbon Credit.

    This Carbon Credit can be traded on the CXX exchange. Another company, which has gone over their CO2 limit, can buy the Credit and “reduce” their footprint and tax liability. It will be like trading shares on Wall Street.

    Well, it was the same JOYCE FOUNDATION, along with some other private partners and Wall Street firms that funded the bailout of ShoreBank. The foundation is now one of the major shareholders. The bank has now been designated to be the “banking arm” of the CHICAGO CLIMATEEXCHANGE (CXX). In addition, Goldman Sachs has been contracted to run the investment trading floor of the exchange.

    So far so good; now the INTERESTING parts.

    One ShoreBank co-founder, named Jan Piercy, was a Wellesley College roommate of Hillary Clinton. Hillary and Bill Clinton have long supported the bank and are small investors.

    Another co-founder of ShoreBank, named Mary Houghton, was a friend of Obama’s late mother. Obama’s mother worked on foreign MICRO-LOANS for the Ford Foundation. She worked for the foundation with a guy called Geithner. Yes, you guessed it. This man was the father of Tim Geithner, our present Treasury Secretary, who failed to pay all his taxes for two years.

    Another founder of ShoreBank was Ronald Grzywinski, a cohort and close friend of Jimmy Carter.

    The former ShoreBank Vice Chairman was a man called Bob Nash. He was the deputy campaign manager of Hillary Clinton’s presidential bid. He also sat on the board of the Chicago Law School with Obama and Bill Ayers, the former terrorist. Nash was also a member of Obama’s White House transition team.

    (To jog your memories, Bill Ayers is a Professor at the University of Illinois at Chicago. He founded the Weather Underground, a radical revolutionary group that bombed buildings in the 60s and 70s. He had no remorse for those who were killed, escaped jail on a technicality, and is still an admitted Marxist).

    When Obama sat on the board of the JOYCE FOUNDATION, he “funneled” thousands of charity dollars to a guy named John Ayers, who runs a dubious education fund. Yes, you guessed it. The brother of Bill Ayers, the terrorist.

    Howard Stanback is a board member of ShoreBank. He is a former board chairman of the Woods Foundation. Obama and Bill Ayers, the terrorist, also sat on the board of the Woods Foundation. Stanback was formerly employed by New Kenwood Inc. a real estate development company co-owned by Tony Rezko.

    (You will remember that Tony Rezko was the guy who gave Obama an amazing sweet deal on his new house. Years prior to this, the law firm of Davis, Miner, Barnhill & Galland had represented Rezko’s company and helped him get more than 43 million dollars in government funding. Guess who worked as a lawyer at the firm at the time. Yes, Barack Obama).

    Adele Simmons, the Director of ShoreBank, is a close friend of Valerie Jarrett, a White House senior advisor to Obama. Simmons and Jarrett also sit on the board of a dubious Chicago Civic Organization.

    Van Jones sits on the board of ShoreBank and is one the marketing directors for “green” projects. He also holds a senior advisor position for black studies at Princeton University. You will remember that Mr. Van Jones was appointed by Obama in 2009 to be a Special Advisor for Green Jobs at the White House. He was forced to resign over past political activities, including the fact that he is a Marxist.

    Al Gore was one of the smaller partners to originally help fund the
    CHICAGO CLIMATE EXCHANGE.
    He also founded a company called Generation Investment Management (GIM) and registered it in London, England . GIM has close links to the UK-based Climate Exchange PLC, a holding company listed on the London Stock Exchange. This company trades Carbon Credits in Europe (just like CXX will do here) and its floor is run by Goldman Sachs.

    Along with Gore, the other co-founder of GIM is Hank Paulson, the former US Treasury Secretary and former CEO of Goldman Sachs. His wife, Wendy, graduated from and is presently a Trustee of Wellesley College. Yes, the same college that Hillary Clinton and Jan Piercy, a co-founder of ShoreBank attended. (They are all friends).

    Interesting? And now the closing…

    Because many studies have been exposed as scientific nonsense, people are slowly realizing that man-made global warming is nothing more than a money-generating hoax. As a result, Obama is working feverishly to win the race. He aims to push a Cap-and-Trade Carbon Tax Bill through Congress and into law.

    Obama knows he must get this passed before he loses his majority in Congress in the November elections. Apart from Climate Change he will “sell” this bill to the public as generating tax revenue to reduce our debt. But, it will also make it impossible for US companies to compete in world markets and drastically increase unemployment. In addition, energy prices (home utility rates) will sky rocket.

    But, here’s the KICKER (THE MONEY TRAIL).

    If the bill passes, it is estimated that over 10 TRILLION dollars each year will be traded on the CXX exchange. At a commission rate of only 4 percent, the exchange would earn close to 400 billion dollars to spit between its owners, all Obama cronies. At a 2 percent rate, Goldman Sachs would also rake in 200 billion dollars each year.

    But don’t forget ShoreBank. With 10 trillion dollars flowing though its accounts, the bank will earn close to 40 billion dollars in interest each year for its owners (more Obama cronies), without even breaking a sweat.

    It is estimated Al Gore alone will probably rake in 15 billion dollars just in the first year. Of course, Obama’s “commissions” will be held in trust for him at the JOYCE FOUNDATION. They are estimated to be over 8 billion dollars by the time he leaves office in 2013, if the bill passes this year. Of course, these commissions will continue to be paid for the rest of his life.

    Financial experts think this will be the largest “scam” or “legalheist” in world history. Obama’s cronies make the Mafia look like rank amateurs. They will make Bernie Madoff’s fraud look like penny ante stuff.

    Then the author refers to:

    https://wtpotus.wordpress.com/2010/05/26/obama-and-joyce-foundation-pay-to-influence-the-supreme-ct/

    http://disc.yourwebapps.com/discussion.cgi?id=149495;article=131655

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  3. More Good News – Gore’s company and the Chicago Mafia’s plans (CCX and Joyce Foundation) are dead! So much for all of those companies that thought they would make millions with their cap and trade scam!

    Carbon Trade Ends on Quiet Death of Chicago Climate Exchange
    Sunday, November 07, 2010 SNIPS

    Republican mid-term election joy deals financial uncertainty among green investors as the Chicago Climate Exchange announces the end of U.S. carbon trading. The Chicago Climate Exchange (CCX) announced on October 21, 2010 that it will cease carbon trading this year. To some key analysts the collapse of the CCX appears to show that international carbon trading is “dying a quiet death.”

    Yet Milloy finds that such a major business failure has drawn no interest at all from the mainstream media. Milloy noted that a “Nexis search conducted a week after CCX’s announcement revealed no news articles published about its demise.”

    Collapse is Personal Setback for U.S. President

    Barack Obama was a board member of the Joyce Foundation that funded the fledgling CCX. Professor Richard Sandor, of Northwestern University had started the business with $1.1 million in grants from the Chicago-based left-wing Joyce Foundation enthusiastically endorsed by Obama. When founded in November 2000, CCX’s carbon trading market was predicted to grow anywhere between $500 billion and $10 trillion. Fortunately before its collapse Sandor was able to net $98.5 million for his 16.5% stake when CCX was sold.

    Failure of European Climate Market May Follow

    Milloy writes, “although the trading in carbon emissions credits was voluntary, the CCX was intended to be the hub of the mandatory carbon trading established by a cap-and-trade law. Trading carbon was, “the only purpose for which it was founded.” But with their resurgence after the mid-terms the Republicans have now put a new cohort of global warming skeptics into the corridors of power.

    http://www.suite101.com/content/carbon-trade-ends-on-quiet-death-of-chicago-climate-exchange-a305704#ixzz14cMLxCNs

  4. Richard Sandor

    Nide
    SAND
    jo

  5. If Al Gore’s Chicago Climate Exchange Suffers Total Failure, Does the MSM Make a Sound?
    Nov. 6 Snips

    The CCX was the topic of thousands of MSM articles over the years, but not a single article reported their recent demise. Hmmm.

    Global warming-inspired cap and trade has been one of the most stridently debated public policy controversies of the past 15 years. But it is dying a quiet death. In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading — the only purpose for which it was founded — this year.

    Although the trading in carbon emissions credits was voluntary, the CCX was intended to be the hub of the mandatory carbon trading established by a cap-and-trade law, like the Waxman-Markey scheme passed by the House in June 2009.

    At its founding in November 2000, it was estimated that the size of CCX’s carbon trading market could reach $500 billion. That estimate ballooned over the years to $10 trillion.

    Al Capone tried to use Prohibition to muscle in on a piece of all the action in Chicago. The CCX’s backers wanted to use a new prohibition on carbon emissions to muscle in on a piece of, quite literally, all the action in the world.

    The CCX seemed to have a lock on success. Not only was a young Barack Obama a board member of the Joyce Foundation that funded the fledgling CCX, but over the years it attracted such big name climate investors as Goldman Sachs and Al Gore’s Generation Investment Management.

    But a funny thing happened on the way to the CCX’s highly anticipated looting of taxpayers and consumers — cap-and-trade imploded following its high water mark of the House passage of the Waxman-Markey bill. With ongoing economic recession, Climategate, and the tea party movement, what once seemed like a certainty became anything but.

    http://pajamasmedia.com/blog/if-al-gores-chicago-climate-exchange-suffers-total-failure-does-the-msm-make-a-sound/2/

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