BAIR MUST RESIGN: Conflict Of Interest
Sheila Bair, one of the chief regulators overseeing Bank of America’s federal rescue, took out two mortgages worth more than $1 million from the banking giant last summer during ongoing negotiations about the bank’s bailout and its repayment.
It gets better…
Mortgage documents for that 14-room home include a provision, known as a second-home rider, stating that Bair and her husband must keep the house for their “exclusive use and enjoyment” and may not use it as a rental or timeshare.
Yet the couple has been renting out part of the house since they left for Washington, with Bair listing income from the “rental property” in Amherst as between $15,000 and $50,000 a year on her most recent financial disclosure form as head of the FDIC.
Oh yeah, there’s no conflict of interest here cough-friends-of-angelo-cough!
Of course the FDIC retroactively gave her a waiver from its conflict of interest rules – AFTER The Huffington Post started snooping around.
For full post: http://market-ticker.denninger.net/archives/1886-BAIR-MUST-RESIGN-Conflict-Of-Interest.html
4 comments
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January 22, 2010 at 4:04 pm
Interested Bystander
Geesh,
So this is “ethical” as in “the most ethical administration in history”?
One has to wonder if Obama is any different than those around him. What is HE hiding in his closet? Why is it that he won’t release his long form birth certificate, his college entrance papers, or his passport information?
It just goes to show you that when Obama says something like him having “the most ethical administration in history”, that those are:
“Just words”
January 22, 2010 at 5:10 pm
gumply
IB,
Check this out:
http://www.14thamendment.uss/articles/anchor_babies_unconstitutionality.html
Not the same subject but the kind of info you want to put in a file and save.
I hope I did this right.
January 22, 2010 at 5:13 pm
gumply
The address was to long it cut off the ml on the end of .ht at the end of the line but you can fix it. It is an excellent article.
January 23, 2010 at 4:11 pm
Interested Bystander
gumply,
The sad fact is the media KNEW about the citizenship issue with Obama BEFORE the election. WELL before the election.
A “natural born citizen” at least in my opinion has always been a child who was born with no allegiance to another Country. I just can’t see the Founders believing it to be a good thing for our President to EVER have been under the jurisdiction of another Country.
THIS is the type of conversation we should have been having BEFORE Obama became the nominee of the Democrat Party.
Maybe then the people would have understood that Obama does not have OUR best interests in mind when he proposes legislation.
Obama is a One World Government guy. He is bought and paid for by the people who also want a One World Government.
“They” are slowly but surely indoctrinatng us in believing that a One World Government is the answer.
What a lot of “us” do not understand is that this One World Government is the worst thing that could happen to “the people”. It will ensure a two class system where there are the “haves”, and the “have nots”. And there won’t be a thing “we” can do about it. “They” will have the guns, supplies and money, and if we start compaining, “they” will shut off the valve, and FORCE us to comply, or die.
We have got to stop this “globalization” before it’s too late. With a 12 TRILLION dollar debt, it may already be too late.
Thanks for the article gumply, I bookmarked it for later reference.