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Obama's Fed Nominee, Who Was Busted And Quit For "Impropriety", Reports Up To $40 Million In Assets
Three weeks ago, when reporting on Obama's close personal friend and Bank of Hawaii "community banker" appointee to the Fed board, Allan Landon, we emphasized an apparently trivial data point that had somehow managed to slip through the background due diligence process. Namely, that about a decade ago, the same Landon stepped down as board member from the Seattle Federal Home Loan Bank after he was found - always in the passive voice - to have "failed to comply with a rule requiring the disclosure of conflicts of interest by a director by failing to make disclosure to the Seattle Bank board of their institutions' planned redemptions." The full story can be read here, but in a nutshell a banker that the president himself has appointed to join the US money printing authority was on the cusp of being investigated for embezzlement, and was forced to quietly disappear into the night despite denying "any wrongdoing."
Today we learn just how much assets the banker who at least once was caught with "borderline embezzlement" made during his humble tenure as a "community banker."
Reuters reports that Landon has up to $40.1 million worth of personal assets, according to government disclosure forms obtained by Reuters, which would make him one of the wealthiest Fed governors if confirmed to the post. As a reference point, according to Janet Yellen's most recent disclosures, her assets rose by at least 8% during 2013, raising their total to between $5.3 million and $14.1 million. This makes Obama's friendly, neighborhood banker guy more than 3x richer in the higher estimate.
And all Landon had to do was not get caught while allegedly embezzling. Well, not get caught more than once.
Some more on Landon's net worth:
Landon's personal wealth is high compared to other Fed governors and well above the previous person on the Fed who represented the community banking industry. That representative was former Fed Governor Elizabeth Duke, whose reported assets in 2012 ranged from $4.4 million to $10 million.
Landon's assets, which include holdings in the Bank of Hawaii and a Fidelity fund, range from $9.7 million to $40.1 million, according to Landon's public financial disclosure filing with the U.S. Office of Government Ethics. The agency's financial disclosure reports require a range of asset size and not specific amounts.
That range is just below the disclosed assets of Fed Governor Jerome Powell, who was an investment banker at Dillon Reed and Carlyle Group partner before being appointed to the Fed.
Among Landon's investments are holdings in the Second Curve Opportunity Fund, FTVentures and Chronic Intelligence Inc, a software company based in Utah.
So in summary: Obama's personal pick for a banker that is "representative" of the common man will not only fulfill that requirement with net assets that are perfectly indicative of the middle-class American, somewhere between $10 and $40 million (the variance can supposedly be attributed to whether or not Virtu's momentum ignition algos have blown up one or more of his stocks), but who will clearly not put the stock market first and foremost on the list of things that the Fed is supposed to wealth effect.
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Quite simply, no one else was qualified.
Corruption begets more corruption from the incompent divisive disrespectful arrogant narcissistic illegal indonesian kenyan alien muslim sociopathic patholcial liar in chief fudgepacker...
There's not a smidgen of "impropriety"....
Dude looks like a pedophile; he'll fit right in!
(Or is that a prerequisite for Fed Res or any other Bathouse appointment?)
Nothing to see here. Move along.
Moar importantly, SNOW!. Everybody shelter in place. Your government loves you.
The SOB is perfect!! He'll fit right in.
The real number is probably $10.001 Million. Nothing to see here.
Obama is looking out for the middle class and working class. He's a real hero of Middle Class Americans (what are left of them):
http://jackbaruth.com/wp-content/uploads/2015/01/The-Tech-Supper.png
He looks like a lesbian, so Yellen should be pleased.
A prime candidate for "Nail-gun diplomacy"
I'm surprised this Fed guy was ONLY involved in embezzling? One of the squeaky clean ones!
The Bank of Hawaii is insolvent; like B of A; but you're not supposed to notice. The 1st. Bank of Hawii; on the other hand, is run by japanese Americans, and is honest and solid. (The onlly way to get an involvent Bank is to cheat lie and steal; it's not exactly nuclear physics how to balance the books and pay the light bill.)
Is that thing man, woman, or beast?
Perfect fit. Should be named Pat.
And you may find yourself
Living in a McMansion
With a beautiful homo wife
And you may ask yourself,
"My God, who did I blow to get here?"
Letting the days go by....
He was a partner in Ernst & Young, rare for a fairy,
but the old Ernst & Ernst was almost exclusiviley a Jewish firm.
You think maybe???
Same as it ever was
Same as it EVER was
Precisely the type of professional experience that is required.
moar banker scum. bummers golfing bud? these sickening m.fuks.
the top crimes syndicate seeks out a "clean canidate" and this is the one?
fucking hopeless...
Fellow Bath House member... this guy must give hellaciously fine skull.... In ObongoLand... that is all that is required.
And big ears, for grabbing at just the right moment.
It's what they call banksterrific.
Perfect for sticking sticks into and riding toy horsey style !!!
the man is wearing a yellow ribbon,
oh my, and a hawaiian style, what do they call
it, "lei". is that not enough to be trusted
in this world?
but what does trust got to do with it?
UBS (Ukelele Backed Securities)
Looks like hes trying to suck a load of cum from a dick. Whos dick?
Obama's medium sized black dick? It's a liberal delicacy from what I hear.
And that's why O'Zero had him appointed, to share a chunk of the $40 MIL community fortune.
Somebody recently got Lei'd.
Yes, we printed some.
Some folks forget that The Law is only enforced against the little peoples.
Should be "Known Wealth". They control totally and don't care what we know about them because they know there is nothing we can do.
There's plenty "we" can do. Time to start slitting throats. Eventually more and more people are going to have nothing to lose, so might as well bump off some oligarchs and go out with a bang.
Chronic Intelligence, in Utah / ? Software ? NSA anyone ??
So, ya think they can find the ones that upvote his comment too?
At what point does Cronyism merge with Bankism to become Fascism? Oh wait...that already happened.
Bankster: Those that oversee thievery while thieving.
A bankster is a robber that after robbing you, insists that you still owe him
The banksters need to repay us.
Lawyers are the vultures who eat off the corpse of a dead and dying society. The banksters are the hyenas that killed that society.
This gem came from an AA meeting : " I was the type of alcoholic who would steal your money , then offer to help you look for it."
this maggot or that. it hardly matters.
Community Banker
Community Organizer
Community Activist
Very lucrative!
I want that job where someone gives you wads of cash and then you go around paying people to show up to protests.
Just like everyone else in Washington D.C. serving the legislative, judicial and executive...
He's perfect!
As the motto goes in our Nation's Crapital...
If it's broke? Don't fuck with it! Because we don't care... And we know you the citizen and taxpayer certainly don't care either!
Just another Hula Hula Boy
In this case, "She" is your government. You can guess who the rest of the players are...
https://www.youtube.com/watch?v=zqviDAkNo48
Hes practically one of us.
(in the 0 - 50,000,000 common man demographic)
Well he helped substantiate/validate/create Obama's Hawaii birth certificate so what does it matter. NOW
we're talkin' bout BANKSTERS. He was the cleanest shirt at the laundry.
I don't like the look of this guy.
May he be found naked in his bathroom with between 10 & 40 nailgun holes in his head.
If you haven't proved you are a sociopath you never make the "A" list of nominees. These positions contain the worst scum this country can offer. Their hives are Washinton DC and New York, NY.
dude look like a lady.
Now I know O is gay
yep you know this assclown is all over soetero's cock
He embezzled some folks.
Whuuuuut?
Bankers aren't honest?
Replace this man immediately with the Honorable Jon Corzine! (once he's set free, of course!)
"Landon's assets, which include holdings in the Bank of Hawaii and a Fidelity fund, range from $9.7 million to $40.1 million........."
Is it just me or does this sound a little strange. Imagine owning so much shit you really don't have an idea of how much shit you own. Just seems odd. Meh.
but...but...but....he was never convicted was he? dat means he's innocent right?
John Boehner has offered a bigger benefits package for him to join the R team- then obuma - john likes his resume. tan and all those flowers
Just another Sock Puppet. The American System is full of them.
Natch.
Metro-technocrat-hole
When Obama leaves office ... we will all be wondering where he got his $100 million ... how can this man be believed by so many people?
This guy any relation to Alf Landon? They sure look similar!