Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies (52 page)

19
David Mildenberg, “Bank of America Credit-Card Unit Loses $373 Million,” Bloomberg News, October 21, 2008; available online at:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aaCd-PylW8B
. U&refer=home [accessed March 29, 2009].

20
Eric Ruth, “Feds boost Bank of America again,”
The News Journal
, January 17, 2009.

21
Peter Barnes and Joanna Ossinger, “BofA to Get $20B More From TARP, Plus Backstop on $118B,”
foxbusiness.com
, January 16, 2009; available online at:
http://www.foxbusiness.com/story/markets/industries/finance/bofa-shares-falter-reports-needs-new-tarp-money/
[accessed March 29, 2009].

22
Drew and McIntire, “Obama Aides Defend Bank’s Pay to Biden Son,” op cit.

23
“Remarks of Senator Barack Obama: A Change We Can Believe In,”
barackobama.com
, November 3, 2007; available online at:
http://www.barack-obama.com/2007/11/03/remarks_of_senator_barack_obam_30.php
[accessed March 29, 2009].

24
Jim McElhatton, “Lobby ties counter Biden’s ‘outsider’ label,”
Washington Times
, August 26, 2008; available online at:
http://www.washingtontimes.com/news/2008/aug/26/lobby-ties-contradict-outsider-label-on-sen-biden/
[accessed March 29, 2009].

25
Lindsay Renick Mayer, “The Money Behind Biden,”
opensecrets.org
, August 23, 2008; available online at:
http://www.opensecrets.org/news/2008/08/the-money-behind-biden.html
[accessed March 29, 2009].

26
David Brody, “Video Flashback: Biden on Lobbyists and Public Financing,”
CBNnews.com
, August 23, 2008; available online at:
http://www.cbn.com/CBNnews/432860.aspx
[accessed March 29, 2009].

27
Timothy J. Burger, “Biden’s Son Employed in Profession Obama Disdains: Lobbying,” Bloomberg News, August 4, 2008; available online at:
http://www.bloomberg.com/apps/news?pid=20601070&refer=home&sid=a6QrVqdTZKv4
[accessed March 29, 2009].

28
Emma Schwartz, “My Son, The Lobbyist: Biden’s Son a Well-Paid DC Insider,” ABC News, August 24, 2008; available online at: http://abcnews.
go.com/Blotter/Story?id=5640118&page=2
[accessed March 29, 2009].

29
James V. Grimaldi and Kimberly Kindy, “Obama, Biden’s Son Linked by Earmarks,”
Washington Post
, August 27, 2008; available online at:
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/26/AR2008082603894.html
[accessed March 29, 2009].

30
Ibid.

31
Timothy J. Burger, “Biden’s Son Employed in Profession Obama Disdains: Lobbying,” op cit.

32
Steven E. F. Brown, “Achaogen inks $26M plague-drug contract,”
San Francisco Business Times
, March 2, 2009; available online at:
http://www.bizjournals.com/sanfrancisco/stories/2009/03/02/daily37.html
[accessed March 29, 2009].

33
Brody Mullins, “Biden’s Son Quits Lobbying Business,”
Wall Street Journal
, September 12, 2008; available online at:
http://blogs.wsj.com/washwire/2008/09/12/bidens-son-quits-lobbying-business/
[accessed March 29, 2009].

34
Nicole Gaudiano, “UD gets earmarks with help of lobbyists connected to Biden,”
Delaware Online
, March 7, 2009; available online at:
http://www.delawareonline.com/article/20080608/NEWS02/103070001/1006/NEWS
[accessed March 29, 2009].

35
Emma Schwartz, “Working the Campaign Trail Fattens Lobbyists’ Bottom Line,”
Legal Times
, October 23, 2006; available online at:
http://www.obblaw.com/pdf/Schwartz10-23-06.pdf
[accessed March 29, 2009].

36
Ibid.

37
Jim McElhatton, “Lobby ties counter Biden’s ‘outsider’ label,” op cit.

38
Nicole Gaudiano, “UD gets earmarks with help of lobbyists connected to Biden,” Delaware Online, March 7, 2009; available online at:
http://www.delawareonline.com/article/20080608/NEWS02/103070001/1006/NEWS
[accessed March 29, 2009].

39
Emma Schwartz, “My Son, the Lobbyist: Biden’s Son a Well-Paid DC Insider,” op cit.

40
Nicole Gaudiano, “UD gets earmarks with help of lobbyists connected to Biden,” op cit.

41
Barackobama.com
web site. Available online at: http://answer-center.
barackobama.com/cgi-bin/barackobama.cfg/php/enduser/std_adp.php?p_faqid=130&p_created=1176309944&p_sid=7EUnxFQi&p_accessibility=0&p_redirect=&p_lva=&p_sp=cF9zcmNoPTEmcF9zb3J0X2J5PSZwX2dyaWRzb3J0PSZwX3Jvd19jbnQ9MiwyJnBfcHJvZHM9JnBfY2F0cz0wJnBfcHY9JnBfY3Y9JnBfcGFnZT0xJnBfc2VhcmNoX3RleHQ9YnVuZGxlcg**&p_li=&p_topview=1
[accessed March 30,2009].

42
David Lightman, “More on earmarks: Obama’s chief of staff has some in bill,”
McCaltchy Newspapers
, March 2, 2009; available online at:
http://www.mcclatchydc.com/homepage/story/63125.html
[accessed March 30, 2009].

43
Opensecrets.org
, “Adler Planetarium & Astronomy Museum”; available online at:
http://www.opensecrets.org/lobby/clientsum.php? lname=Adler1Planetarium1%261Astronomy1Museum&year=2008
[accessed March 30, 2009].

44
Nicole Gaudiano, “UD gets earmarks with help of lobbyists connected to Biden,” op cit.

45
Jim McElhatton, “‘Rainmaker’ Lobbyist aids Biden,”
Washington Times
, August 29, 2008; available online at:
http://www.washington-times.com/news/2008/aug/29/rainmaker-lobbyist-aids-biden/
[accessed March 30, 2009].

46
Ibid.

47
Olivia Clarke, “Choosing sides: Local lawyers help the presidential campaigns,”
Chicago Daily Bulletin
(undated); available online at:
http://www.chicagolawbulletin.com/chicagolawyer.cfm?sessionid=
[accessed March 30, 2009].

48
Rachel Breitman, “The Legal Ties That Bind the Bidens,”
American Lawyer
, August 28, 2008; available online at:
http://www.law.com/jsp/article.jsp?id=1202424110233
[accessed March 30, 2009].

49
Chris Rizo, “Palin’s take on legal reform unknown; Biden said to be too cozy with trial lawyers,”
LegalNewsline.com
, September 10, 2008; available online at:
http://legalnewsline.com/news/215599-palins-take-on-legal-reform-unknown-biden-said-to-be-too-cozy-with-trial-lawyers
[accessed March 30, 2009].

50
Rachel Breitman, “The Legal Ties That Bind the Bidens,” op cit.

51
Kelsey Volkmann, “Biden backer SimmonsCooper gives $196,050,”
St. Louis Business Journal
, September 2, 2008; available online at: http://stlouis.bizjournals.com/stlouis/stories/2008/09/29/story8.html?b=1222660800^1707116 [accessed March 30, 2009].

52
Ibid.

53
“Biden & Partners,”
Wall Street Journal
, October 1, 2008; available online at:
http://online.wsj.com/article/SB122282666595993003.html
[accessed March 30, 2009].

54
Steve Korris, “Bidens owe SimmonsCooper $1 million in hedge fund deal,”
Madison County Record,
September 26, 2008; available online at:
http://www.madisonrecord.com/news/215023-bidens-owe-simmonscooper-1-million-in-hedge-fund-deal
[accessed March 30, 2009].

55
“Biden & Partners,”
Wall Street Journal
, op cit.

56
Steve Korris, “Bidens owe SimmonsCooper $1 million in hedge fund deal,” op cit.

57
Ibid.

58
Ibid.

59
Jenny Strasburg and Thom Weidlich, “Biden’s Son Sues Ex-Partner,”
Washington Post
, February 21, 2007; available online at: http://www.washingtonpost. com/wp-dyn/content/article/2007/02/20/AR2007 022001404.html [accessed March 30, 2009].

60
Ibid.

61
Steve Korris, “Bidens owe SimmonsCooper $1 million in hedge fund deal,” op cit.

62
Ibid.

63
Chris Rizo, “Fraud claims against Biden’s son, brother settled,”
LegalNewsline.com
, January 11, 2009; available online at:
http://www.legalnewsline.com/news/218448-fraud-claims-against-bidens-son-brother-settled
[accessed March 30, 2009].

64
Associated Press, “Lawsuit against Biden’s son, brother settled,”
USA Today
, January 9, 2009; available online at:
http://www.usatoday.com/news/nation/2009-01-09-bidens-son-lawsuit_N.htm
[accessed March 30, 2009].

65
Dareh Gregorian, “Judge to banker, Bidens: give peace a chance,”
New York Post
, February 28, 2009; available online at:
http://www.nypost.com/seven/02282009/business/judge_to_banker__bidens__give_peace_a_ch_157288.htm
[accessed March 30, 2009].

66
Susan Schmidt, Steve Stecklow, and John R. Emshwiller, “Stanford Had Links to a Fund Run by Bidens,”
Wall Street Journal
, February 24, 2009; available online at:
http://online.wsj.com/article/SB123543815326954907.html?mod=article-outset-box
[accessed March 30, 2009].

67
Jeff Montgomery, “Bidens’ clients pull out of fund,”
Delaware Online
, February 25, 2009; article previously available online at:
http://www.delawareonline.com/article/20090225/NEWS02/902250319/1006/NEWS
[accessed March 30, 2009].

68
Data available online at:
http://brontecapital.blogspot.com/
.

69
Data available online at:
http://www.sec.gov/news/press/2009/2009-90.htm
.

70
More at
http://zerohedge.blogspot.com/2009/04/is-joe-biden-associated-with-hedge-fund.html
. Financial blogger Tyler Durden concludes: “I see lots of possibilities: all of them reflect very poorly on the Bidens.

• They were and remain controllers of a fund of funds which they allege misrepresented its returns and yet which they kept operational.

• They were and remain controllers of a fund of funds which houses an alleged fraud in its offices (Ponta Negra).

• They were and remain controllers of a fund of funds which employed a marketing organisation (Onyx) which was associated with distributing alleged frauds (Ponta Negra and Stanford).

• They were and remain controllers of a fund that claimed to have 28 staff many of whom are difficult to trace and where the revenue to fund those staff did not obviously exist. This suggests that either the staff were not paid, did not exist or (more sinisterly) they were paid by stealing from the small amount of funds under management. You could only steal the client money if the asset custody safeguards were not robust. There is an audit statement on the SEC files qualified as to the robustness of these protections—however there is no evidence that the lack of robustness was exploited.”

71
John Hempton, “Paradigm Global, the Bidens and allegedly fraudulent hedge funds-a summary,” Bronte Capital, May 4, 2009; available online at:
http://brontecapital.blogspot.com/2009/05/paradigm-global-bidens-and-allegedly.html
[accessed April 22, 2010].

72
United States District Court Northern District of Illinois Eastern Division, United States of America vs. Stuart Levine, Joseph Cari, and Steve Loren; available online at:
http://www.ipsn.org/indictments/levine/IndictReTRSfinal.pdf
. [accessed March 30, 2009].

73
United States District Court Northern District of Illinois Eastern Division, United States of America vs. Joseph Cari (No. 05 CR 691); available online at:
http://www.capitolfax.com/PleaCariFinalSept151.pdf
[accessed March 30, 2009].