Democratic Booster Hassan Nemazee Admits To $292 Million Bank Fraud
He’s the New York financier and Democratic fundraiser who plead not guilty to ripping off big banks of hundreds of millions of dollars by making up collateral.
Today, he admitted to the fraud.
Dept. of Justice: [Nemazee] pleaded guilty today to charges of defrauding Bank of America, Citibank, HSBC, and a longtime friend and business associate of a total of more than $290 million in loan proceeds.
From 1998 to 2009, Nemazee obtained hundreds of millions of dollars in loans from BofA, Citibank, and HSBC. To obtain the loans, Nemazee misrepresented to the banks that he owned hundreds of millions of dollars in collateral, in the form of securities and other assets, which he did not own.
Well, at least it was fun while it lasted. Nemazee enjoyed influence in Democratic circles, including the presidential campaign of Barack Obama, and lived a life of luxury complete with glamorous apartments and homes, sports cars, a yacht and a jet.
“Nemazee orchestrated an elaborate shell game to defraud three major banks, scamming them to the tune of $290 million to finance his posh life and create a reputation as a political kingmaker,” said Preet Bharara, the U.S. Attorney for the Southern District of New York, in a statement today.
Read the whole story at Business Insider
Shocking News:Washington sharpens crisis with Israel, may give Palestinians military shield
President Obama and secretary of state Hillary Clinton turned down their initial proposals for easing the upset and laid down three pre-conditions for restoring normal relations with Jerusalem:
1. The Netanyahu government must extend the 10-month freeze on West Bank settlement construction to include East Jerusalem; 2. When the moratorium runs out in September, it must be renewed for the duration of peace negotiations with the Palestinians; 3. Israeli must make more concessions to the Palestinian Authority and its chairman Mahmoud Abbas.
The Israeli government was informed that until those conditions were met, its ministers would not be received in Washington by high-level American officials - a virtual boycott, which downgrades the normal diplomatic, strategic and security exchanges between the two administrations to the level of senators and the special Middle East envoy George Mitchell.
Netanyahu tried offering the Obama administration a number of compromise proposals, such as the suspension of construction in East Jerusalem and the city’s outlying Jewish suburbs until September, but they were rejected, as was an offer to prohibit further Jewish purchases of land and buildings in Jerusalem’s Arab districts during peace negotiations.
Obama and Clinton made it clear they would brook no departures from their three demands, which Israel is required to treat as an ultimatum.
Neither party to the difference has mentioned the US administration’s fourth condition for resuming normal relations: an Israeli commitment to refrain from attacking Iran’s nuclear program without prior US consent.
Because that commitment has not been offered, administration officials are continuing to hammer Israel in every possible arena. Indeed, the gloves are now off in earnest for insinuations that Israel’s settlement policy is the root-cause of Iran’s drive for a nuclear bomb and of the conflicts endangering American lives in combat in Afghanistan and Iraq.
(Excerpt) Read more at debka.com …
Here we go again:Obama Evokes His Dying Mother in Health Care Reform Push
In an email message to supporters, President Barack Obama used his dying mother’s experience with insurance companies as an example of why lawmakers should pass the health care reform plan in Congress.
“She died of cancer, and in the last six months of her life, I saw her on the phone in her hospital room arguing with insurance companies instead of focusing on getting well and spending time with her family,” Obama wrote in the email.
(Excerpt) Read more at cnsnews.com …
Democrat Congressman Tom Perriello admits: “If you don’t tie our hands, we will keep stealing.” See video on the site
Democrat Congressman Tom Perriello admits: “If you don’t tie our hands, we will keep stealing.” See video on the site. This amazing comment came from the lips of Tom Perriello (D-VA). Yes, you read that correctly that is indeed a Democrat who admitted this!
Watch the video at: RCP
JON VOIGHT: Call to Arms: Join Me in DC Saturday to Stop ObamaCare
I am calling to all of you freedom-loving Americans to come once again to Washington D.C. to gather on the Capitol steps on Saturday, at 12 o’clock noon.
WE MUST COME BY THE THOUSANDS.
Speaker Pelosi will stop at nothing to fulfill her corrupt conquests. She will bring all of the corrupt ACORN liars to try to bully all the Democrats that may be having pangs of guilt knowing quite surely what their votes can and will do. If they’re bullied into saying “yes,” it will destroy America.
Be there in Washington DC at 12 noon EST so we can give all the Democrats who know what the end result will be the courage to say: “No, do not pass this destructive bill.”
I’ll see you there.
Read the whole story at biggovernment.com
Childers (Dem-MS) to Vote ‘No’ on ObamaCare - Wake up America, Stop Obamacare, Call your Reps.
WASHINGTON, D.C. - U.S. Rep. Travis Childers, of Booneville said he’ll vote “no” on the Democratic health care bill, although he says he still wants reform.
For details read Friday’s NEMS Daily Journal.
(Excerpt) Read more at nems360.com
White House Won’t Rule Out That Obama Will Sign Other Bills…That Are Not Put to Yea-or-Nay Votes
The White House declined on Thursday to rule out that President Barack Obama might sign future legislation, such as an immigration reform measure, that has not been put to a recorded yea-or-nay vote in both houses of Congress.
CNSNews.com asked White House Spokesman Robert Gibbs about the possibility of the president doing so because of a prospective lawsuit that Landmark Legal Foundation President Mark Levin has prepared to file against the president if he signs a health care bill that has not been passed by a direct recorded yea-or-nay vote in the House of Representatives. The prospective lawsuit argues that the plain language of Article 1, Section 7 of the Constitution requires that both houses of Congress hold recorded yea-or-nay votes on a bill before it can be presented to the president for his signature and before it can become law.
“I stated earlier that when this (health care) bill passes the House, the president will be happy to sign it,” Gibbs told CNSNews.com.
He twice declined to say, however, whether President Obama would rule out signing additional pieces of legislation that did not pass both chambers of Congress with a yea-or-nay vote….
(Excerpt) Read more at cnsnews.com
Stupak: Health fight has been ‘living hell’
Leading a revolt against President Barack Obama’s healthcare legislation over abortion has been a “living hell” for Rep. Bart Stupak (D-Mich.).
The telephone lines in his Washington and district offices have been “jammed” and he’s gotten more than 1,500 faxes and countless e-mails — most of which he says don’t come from his constituents.
The fight has taken a toll on his wife, who has disconnected the phone in their home to avoid harassment.
“All the phones are unplugged at our house — tired of the obscene calls and threats. She won’t watch TV,” Stupak said during an hourlong interview with The Hill in his Rayburn office. “People saying they’re going to spit on you and all this. That’s just not fun.”
Stupak has become a nationally known figure because of his demands for tough language in healthcare legislation to prevent any federal subsidies from being used for abortion services.
(Excerpt) Read more at thehill.com
Gallup Poll:Obama’s Approval Rating Lowest Yet, Congress’ Declines 48% Disapprove, 46% Approve
Americans’ views of President Obama are the most negative since Obama took office last year — 46% approve and 48% disapprove in the latest Gallup Daily three-day average. Meanwhile, Congress’ 16% approval rating is just two points above its all-time low.
Read the whole story at Gallup
Hacker Disables More Than 100 Cars Remotely
More than 100 drivers in Austin, Texas found their cars disabled or the horns honking out of control, after an intruder ran amok in a web-based vehicle-immobilization system normally used to get the attention of consumers delinquent in their auto payments.Police with Austin’s High Tech Crime Unit on Wednesday arrested 20-year-old Omar Ramos-Lopez, a former Texas Auto Center employee who was laid off last month, and allegedly sought revenge by bricking the cars sold from the dealership’s four Austin-area lots.
“We initially dismissed it as mechanical failure,” says Texas Auto Center manager Martin Garcia. “We started having a rash of up to a hundred customers at one time complaining. Some customers complained of the horns going off in the middle of the night. The only option they had was to remove the battery.”
The dealership used a system called Webtech Plus as an alternative to repossessing vehicles that haven’t been paid for. Operated by Cleveland-based Pay Technologies, the system lets car dealers install a small black box under vehicle dashboards that responds to commands issued through a central website, and relayed over a wireless pager network. The dealer can disable a car’s ignition system, or trigger the horn to begin honking, as a reminder that a payment is due. The system will not stop a running vehicle.
Read More at Wired.com