We’ve Been Had By Obama and His Cronies
While going through some old articles I happened across the following. The article forwarded to me August 2010 and I’m certain it is something that Obama would rather not have to address; especially since he is invested so heavily in his “destroy President Trump” efforts.
We’ve been had……..
How Obama/Gore crime Cronies will become Billionaires.
So . . . you think you know quite a bit about Obama and his band
of thieves. You don’t know anything yet. Read on all of this as it all
comes together in the last part…….. a must read.
This is an interesting story 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. I warn you, the
first part is a little boring, but stick with it. The second part connects
all the dots for you (it will open your eyes). The end explains how Obama
and all his cronies will end up as multi-billionaires.
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
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.
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 CLIMATE EXCHANGE (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. ( Oops! Obama mama passport ‘destroyed’ Jeromi Corsi 8/1/10.) 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
(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
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 split
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 through
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
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.
Some financial experts think this will be the largest “scam”
or “legal heist” in world history. Obama’s cronies make the Mafia look like
rank amateurs. They will make Bernie Madoff’s fraud look like penny ante
About the Author
Mychal S. Massie is an ordained minister who spent 13 years in full-time Christian Ministry. Today he serves as founder and Chairman of the Racial Policy Center (RPC), a think tank he officially founded in September 2015. RPC advocates for a colorblind society. He was founder and president of the non-profit “In His Name Ministries.” He is the former National Chairman of a conservative Capitol Hill think tank; and a former member of the think tank National Center for Public Policy Research. Read entire bio here