Tag Archives: Fraud

Meg Whitman’s Dirty Little Goldman Sachs Secret

Meg Whitman has been bombarding the airwaves with her campaign ads trying to buy her way to becoming California’s next Governor, but her campaign ads never mention one very important fact: she was a Goldman Sachs board member for a little over a year before having to resign amidst controversy due to ‘spinning’ — a practice used by executives who did business with Goldman Sachs to reap profits by getting early stock deals before the public on hot IPOs offered by the bank — from which Whitman earned approximately $1.78 million.

Whitman was appointed to the board of Goldman Sachs in October, 2001 and resigned in December 2002 because of ‘spinning’ — a practice one law firm reportedly describes as “essentially … an illegal bribe … to corporate leaders.” After a Congressional investigation and an investor lawsuit, it was probably best to just leave the board.

Goldman Sachs has been responsible for a lot of questionablefraudulent — actions and intentionally running companies, countries and several governments into the ground. Former Goldman Sachs employees have been in charge — with no oversight or accountability — of the “Federal” Reserve for decades.

A report from the Associate Press offers some insight into what kind of business relationship Californians can expect if Meg Whitman becomes Governor. The report, titled “Corporate Cash Boosts Whitman” says that nearly $2.2 million she has received from donors outside of California came from an elite roster of executives, hedge fund managers, venture capitalists and wealthy associates — many of which have been stealing from every taxpayer in California. More than 20 percent of the $10.2 million collected by Whitman last year came from outside the state. As noted by Mr. Eskow, if there’s one thing these guys know, it’s how to prime the pump.

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More Than $3.3B Nets Lobbyists the Best Government Money Can Buy

In their unrelenting contempt for the general population, it has become glaringly evident over the course of this past decade that the U.S. Congress has become so rife with corruption — the best government that money can buy if you lobby for a large corporation — and complete disdain for the oaths they swear to upon taking office, that America has been sold out.

Despite having about 1,500 fewer registered lobbyists in town this year, last year’s record of $3.3 billion dollars that was spent lobbying Congress and the rest of the federal government is reportedly on track to be shattered according to data collected by the Center for Responsive Politics.

Main Street continues losing jobs while seeing little if any evidence of the economic revival the ‘experts’ continue eluding to while K Street continues raking it in. Despite his pledge to reign in lobbyists and the influence they possess in Washington, many lobbying firms escaped the worst of the economic crisis thanks to President Obama’s massive economic stimulus package that he kicked off his Presidency with.

Traditional big spenders like the real estate and telecommunications sectors, as with many other sectors, cut down on the amount of money they gave to K Street but legislation on health reform, financial reform and climate change has made up for K Street’s lost compensation during these challenging economic times.

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