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Presenting All That Is Wrong With America: Here Is The Top Contributor To The House Agriculture Committee Chairman
As part of the MF Global hearing, we just heard a very dignified and shall we say it disgruntled introduction by House Agriculture Commttee Chairman Frank D. Lucas (Rep-OK) where he said it is "critical" to shed light on the MF Global matter, and which in no uncertain terms made it clear just how disgusted he would be with MF Global if it was found that Jon Corzine is guilty of stealing client funds. Well, we decided to take a step back and look at the Republican's top campaign donors. To our complete lack of surprise, we found that the top lifetime donor to the Honorable Mr. Lucas is... the American Bankers Association. And scene.
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Follow the money and you find the truth.
It's good that he has no conflict of interest.
A rather extensive list.
Bought and paid for.
Who is for campaign finance reform?
Who is for non-personhood corporations?
Until then, fraud & corruption rules. Will we ever get there...?
Short answer, no.
Long answer, why would a fascist marriage between government and business voluntarily give up the power that they have accrued?
pods
They're all scum. They were acting today like they have never heard of re-hypothecation, asking stupid a$$ questions that have nothing to do with the source of the problem.
No union interests here- He's clean and honest/ nod nod wink
If any TV news agency was even close to doing their job they would always have these contribution figures on the screen as the "friendly" Congressman was questioning his favorite donor. Yes, this is one of the major problems in America. Good work Tyler, when do we start that news program along side CNBS? By the way, is anyone keeping track of Cramers recommendations for buys and sells? Keeping track of these numbers would take 12 hours a day to report this fraud as well. SEC and FINRA have a separate set of standard for CNBS and everyone else.
It's a pity it's all so predictable.
Fascism.
Whores policing whores.
Kabuki at its finest.
Move along....nothing to see.
I love when they refer to these pricks as "honorable"
This is my "surprised" face.
And as always....somewhere in that list can be found....
,,,,,a Koch
Koch Bros...funders of political pimps and the Tea Party.
You know the work of the predator class is complete when they can not only buy pols, but get fat-assed, middle-class, middle-age Americans to "protest" against providing an income and health safety net for their own parents and grandparents to further enrich the vultures.
+1000
+1000
U people know quite abit about finance but u are exactly like the sheeple u rip on day in and day out. If you had a fuckin clue what the tea party is, limited gov't involvement in all of these areas, then u wud b on their side. We r asking for execute the laws not look the other way because of their buds gave them $. The koch bros are Private citizens. SEIU, AFL-
CIO, UAW, are paid 4 with tax $'s to organize against u and me. and billionaire soros who is prevented by law from getting involved in politics yet who worked with adbusters in via the tides foundation to start OWS. B 4 u speak about politics u may want 2 stick 2 your day job cause u r obvioulsly IGNORANT. OWS wants more gov't control. Who the fuck do u think for one is? A dem gov and senator and Sachs alum. Sad thing is u probably agree with OWS. Ass clowns...all of u
Freddie, I mean, Rick Perry, is that you?
Bribery. Plain as the day.
Except, in this case, the lawmakers that receive the bribes have made the crime legal, but only in their case.
First, let me make it clear I'm not defending this (or any) political asshole in any way. But the *really* pathetic aspect of that list isn't that he's bought & paid for - he is; they all are - it's how little he valued his sorry ass. The guy's been in congress for 17 freakin' years. (Since he got in in the '94 landslide, it's a safe bet he ran on the 'I'll clean up the mess and come back home to Okieland' crap so many of them [lied about]) That list is a *lifetime* list. Congressman Dipshit has been there for 17 years. In all that time, the bankers have bought him, body and soul, for the princely sum of....85 grand. 5000 whole dollars a YEAR!!
And it's a safe bet that Frank, Dodd, and the idiot Waters are much much worse. It's bad enough they're whores, selling their votes; selling us all down the river for a buck. ("Fellow Americans? Fuck 'em!") Somehow, the fact they're *cut-rate* whores makes it even worse.
TANJ
American Politics....Neither party matters as both have same puppet master.
First Congressmoron to use HYPOTHECATION correctly in a sentence wins a free S&P upgrade from moron to idiot+.
If I hear HYPOTHECATION at all, I'll be... surprised. No matter if the syntax makes sense or not.
I don't understand why you are sitting on that cat, Hypo, anyway. Does it have something kinky to do with his sandpaper tongue?
RE-HYPOTHECATION. I stand corrected. Mr.Schmidt just brought it up. In correct context I might add.
That's a Bingo Lizzy. These guy make Sandusky look "Honorable" as well and a vigin......
Very disgusting but hardly a surprise. I reiterate my stance: we need a reset. The sooner the better.
Looks like RE-HYPOTHECATION.
And so what???
Most Americans do NOT care about this libertarian jealousy towards wealthy bankers and politicians, and in our great country it is fortunately the informed majority who decides, not a few extremists on the Internet.
What do you suggest, abolishing banks or the right to constitute associations???
Hamy the Wanker?
The "informed majority" - would that be the very same "informed majority" that gets its hard world news from the same media sources it also receives the latest on the Kardashians or this week's NFL scores?
You mean THAT "informed majority"?
Either the sarcasm of your comment is eluding me, or you are completely insane.
He must mean goldman.
I suggest one simple thing. We take campaign funding out of the political process. IMHO it is the core cause of what is wrong with this country.
Won't work. The media is involved and they determine who is on the voting ballot.
This was all determined as soon as the government itself strayed beyond the limits imposed on it.
Regulatory capture.
Here come the junks, but voting will not change the direction of where we are heading.
Emma Goldman
Screw the junks... You are right on. I am still voting for PAUL for my own conscience, not expecting fairness in an election run by the same tards ( no disrespect to any real retarded people ) who want to keep their power.
The "informed majority" that believes in astrology and that the world was created in 6 days? That voted for Obama? Or was it Bush? I forget "which" informed majority you're referring to...
The informed majority that think Austria is full of kangaroos or that hypothecation is caused by exposure to the cold.
Government is force. It was instituted in this country to protect individuals against force and fraud and to protect the nation.
Instead of the government America was supposed to have, we've allowed an entirely different kind of system. We've invited and allowed force into the marketplace. Instead of voluntary trade for mutual benefit, some trade with the backing of the government gun and others trade looking down its barrel.
It's not envy that drives anger with the epic corruption in our society. Our rights are violated all day, every day. Expect some of us to get cranky about it.
Could not agree more Melin.
This would not be a problem at all if the government was kept to the duties assigned to it.
When they strayed from that, then legalized plunder became rampant. Now in order to succeed, you must join a group, get a seat at the table, and plunder like the rest.
pods
The day the majority of Americans becomes truly informed of what's going on will be an interesting day for the global banking cartel and their puppet politicians.
Truly, it takes only a relatively small group of informed, pissed off people to effect change in America, but getting to even that small number to attain critical mass is a chore. It is happening, though.
The Tea Party started it. A disparate group of folks who were effectively FED Up got the ball rolling. Unfortunately, they were hi-jacked along the way by GOP operatives (heavily financed by...surprise, the Koch-suckers). Still, what they did in the last election has certainly made a difference in this Congress, regardless of anyone's opinion as to whether it is a good or bad thing.
OWS is the flip side (or, left side if you prefer) of the same coin. Another group of people who are FED up, and in less than 3 months they have forced the 99% CONCEPT out in the open on on center stage. And, don't forget, the mainstream media tried very hard to ignore them, and the Faux News channel works even harder to dis-credit them.
If either of these 2 movements really gets serious about focusing on Corporate Personhood and Glass-Steagall, those 2 subjects could wreck political havoc in the 2012 election process.
There is nothing more powerful than an idea whose time has come, as someone once said.
I'm angry because Jon Stewart says I should be.
http://www.thedailyshow.com/watch/tue-november-8-2011/the-walking-debt
Gee, wonder whose interests Mr. Lucas and CONgress represent?
Think...think...think...
Does the ABA even look out for guys like MFG? There are alot of small AG banks out there that would likely support someone on the AG commitee. makes sense. MFG is giving the majority a worse name, IMO. Not that I dont think lobbying and contributions are F'd up in this country, and i do appreciate the info, but this is ZH hyperbole as usual. which is fine,
The BOD of the ABA is from the following banks....never heard of any of them.
Gothenburg State Bank
Gothenburg, NE
SpiritBank
Bristow, OK
Northwest Financial Corporation
Arnolds Park, IA
MountainOne Financial Partners, MHC
North Adams, MA
ABA, American Bankers Association. MF Global was in no way a bank.
The main point of too many elected officials being bought and paid for by special interst of many ilks is valid. But the force of the particular case is diminished by being a bit off mark.
The rage over a non-bank being investigated by someone that took money from a bank lobbying group is a little lost on me? Also some context on total contributions would be useful. Is it $83k out of a total of $800k or $8mm or....?
Is it really "lost on you" why there is outrage why a primary dealer, which blew up by engaging in 30x levered banking processes, and engaged in commingling practices likely pervasive across the banking industry (yes, banks both big AND small) is having its implosion investigated by a person whose primary source of funding is the financial industry?
Really?
And as for the stats, if you were to click on the hyperlink provided, all your questions would be answered
Easy, Tyler. Sounds like Sharkbait is just a typical registered voter and juror. Probably watches a lot of television. Remember that half of us have below average intelligence, so concepts like conflict-of-interest and hyperlinking do not always sink in for some.
I am sure that he was joking.
and to be bought off so cheap too.
yes, that's what i was trying to get at, with posting the ABA Board of Directors banks...If anything the bias of Lucas may be going the other way. Against the MFG's of the world and for the smaller banks that got Fucked by them. Still doesn't make the political contribution system of the country any better, though.
Look, in Corzines defense of not knowing where the money is, he was a US Senator. Billions are like pennies to him now....
so far, the worst questioning I've ever heard in my entire fucking life, how about this question..
"Have you tracked one single fucking customers account that is missing money and where did that money go?"
these people are fucking useless, where does the CFO say the money went, this is so simple and so fucking stupid, has anyone sat with the CFO at his fucking computer and have him walk through customer account transactions, geez you fucking incompetent crooks
I would like to see his offshore account, that's where the real money goes
I really like the idea of a dress code. Perhaps like those really cool Japanese ones where colors designate their hierarchy. That way it is easier to defer to the proper 'suit' and not make mistakes.
But the one thing we need is the NASCAR style, name brand plastered all over the attire. Lifetime membership requires a tatoo on the forehead. Biggest donors get the best location and biggest letters.
That way we can dispense with the confusion of just who we are rooting for.
"And the Goldman suit takes the microphone..."
or in this particular case, "the ABA/FCC suit takes charge on the inside, edging out justice by a collar...
Pre-meeting festivities could include a trip around the block with our 'heros' waving to the sheeple as their upper torso is protruding from the sunroof of their fully decal-ed car.
Now that would be an appropriate precurser to this ongoing tragic travesty of reality...
How is it the fault of Frank Lucas that Corzine stole a billion dollars from his clients or that Gary Gensler of the CFTC failed to implement rules to regulate use of clients' segregated funds, or that the Obama administration is just ignoring it? And as drivenz said, the traditional role of a bank is to make loans, not manage commodities accounts.
By holding hearings, Lucas is doing all that he can to highlight this crime!
I find it amazing that one can apply for a mortgage and a bank will ask you why you were 11 days late on a utility bill 4 years ago, yet these folks can't find where the customers money went 50 days ago.
Puke-fest.
The tree of liberty is dead.
farmland, beer, real estate, guns, oil, cattle...
sounds like Marc Faber's portfolio
That's funny!!
Sure does. But where the hell is the Solar Energy Industries Association?
Question - How much of your personal wealth are you willing to transfer to the people your firmed has screwed? By your answer we will truly know how sorry you are.
At this point in the process you just have to laugh. I mean, you'll go nutts thinking anyone - or any of us - can have an influence in changing things. Pay off your debts. Quite spending money. Keep hugging your family. Remember to laugh.
I work with the ABA, American Bankers Association, and they are really meant to be the voice for the smaller community banks. WHile the regionals and super regional banks are also members, as probably are the TBTF, there are thousands of 1-10 branch banks as members of the ABA. I wouldn't include MF Global in the same category as the banks the ABA represents.
Who represents the TBTF behemoth banks? Oops, I guess their industry voice is called the Federal Reserve!
Zero is just becoming a droning sound for Soviet Wall Street and its cammissars Rubin, Paulson, Corzine and Geithner. Politicians are vessels in which one pours money into to and gets result - bailing out Rubin's, Paulson' and Corzine's friends and former firm. Corzine is just another wealthy thug that believes the rules do not apply to him. Mindless attacks on the Tea Party by getting it wrong is quite telling as to irrational belief rage - the main focus of many Tea Party members is protection of their own Medicare and Social Security benefits. One would not know that, if one drones from a script. Lucas is no different from Frank who received millions from Fannie and Freddie or Obama's payback to the UAW by saving them and at the same time destroying the pensions of Secretaries and administrative staff at GM and Chhrysler. Politics is a pay for play system that rewards those that pay - banks, private unions, public unions, investment banks, ....
Are you accusing Zero Hedge of being partisan? Are you saying Zero Hedge is "becoming a droning sound" because it has not attacked Barney Frank? you may want to double check that. Also, it is this kind of simplistic it's not us, it's them bullshit that hinders any chance for the country to actually get anything fixed.
Bureaucracy is impotence. Everyone is playing their role to perfection so far. I'm just waiting for a ... a ... (wait for it) ... ... LEEERRROYYYY JJEEEENNNNKKKKINNNNSS!
I only wonder why you would respond to a 46 week old account with 8 posts.
Tyler: (Whap!!)
Carlsbsdip: "Motherfucker! You hit me in the *EAR*!!"
I can assure you both sides of the aisle are treated much the same here if I'm hearing your gripe correctly.
>>>Mindless attacks on the Tea Party by getting it wrong is quite telling as to irrational belief rage - the main focus of many Tea Party members is protection of their own Medicare and Social Security benefits.<<<
Y'all need to get your story straight. The Tea Party is all over the freakin' map on these issues.
To my knowledge the Tea Party has never deigned to gather its collective thoughts and put forth a coherent platform to describe itself.
Just as schizo as OWS...but MORE destructive to their own best interests.
This is bullish - if your an member of parliament
I am Jack's snarky smirk.
This really is not significant without something to compare it to. The ABA could be dropping that in everybody's campaign chest as a bare minimum. 86 thousand dollars isnt' diddly. All in all, I think it is entirely sinister to permit any corporation or group to contribute to any politician. Until we take the money out of politics (and I'm not hopeful that will ever happen), we can expect more and more of the same.
This is his list, there are many other lists like this list, but this list is his.....Obama has his own list and it is a bigger list, both in length and girth, but I digress....
All the leftist indignation and self-righteousness on this site about money in government is confusing.
1) Leftists want bigger government with more rules running more of our economic lives.
2) As we move toward ever bigger government, lobbyists spring up to try to influence the legislative and regulatory process and money flows. How could it not?
And then Leftists act surprised when evidence surfaces that money has in fact flowed.
Advice for Leftists: If you want to get money out of politics, then make government smaller. If you don't want to do that, quit whining about money in politics.
You sound confused
Yes. By all means, let's allow the predator class run wild and unfettered because as we all know, there were never any panics, crashes or depressions prior to the 1910s.
And nobody died form contaiminated foodstuffs or medicines.
And employees were never hurt even when common sense safety measures were ignored and basic safety equipment was not provided.
Going once.....
Going twice.....
SOLD!
......TO THE TOP TWENTY BIDDERS!
It's funny how all the pundits who accuse OWS of being anti-capitalist fall mute when this kind of bullshit surfaces every five minutes. Those morons that put the signs in the CBOE windows. What do they have to say about all of this?
Fraud does not police itself, as that useless shitbag Holder attests in flesh and blood.
This hearing is a sideshow. Where are the prosecutors?
MISSING.
Have you seen this boy?
This useless piece of shit is SOOO missing that I believe that anytime he is seen in public it's really his double.
These pukes can keep on defrauding the actual producers but the day may come when they are going to need to eat their paper profits after the actual producers decide to stop sending them FOOD!
Also, the fact that Gensler is in Japn and not at least taking the 5th tells all one needs to know about that crook and sleazebag.
Three of the top thirteen contributors are Bankers, Car dealers, and NRA. So are we going to have armed used car salesmen running banks? If bankers are seen as non-truth tellers, that have the ultimate weapons of control, who indeed do run the banks, then you have your answer. Power to the people (1%).
To be honest, I am renewing my NRA membership. There are used car salesmen that I have known that were honest. And, I never met a banker that I did not dislike.
Nat'l Assoc of Realtors not far behind.
Holy shit, Batman!
Q3 Flow of Funds: Household Net Worth declines $2.4 Trillion in Q3The Fed estimated that household net worth declined $2.4 trillion in Q3. Household net worth peaked at $66.8 trillion in Q2 2007, and then net worth fell to $50.4 trillion in Q1 2009 (a loss of $16.4 trillion). Household net worth was at $57.4 trillion in Q3 2011 (up $7.0 trillion from the trough, but down $2.4 trillion in Q3).
This is the Households and Nonprofit net worth as a percent of GDP.
This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages). Note that this does NOT include public debt obligations.
http://www.calculatedriskblog.com/2011/12/q3-flow-of-funds-household-net-worth.html
What, just $86K? I guess you got to make Senator to bring in the real dough..