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Date Posted: 23:09:30 01/28/09 Wed
Author: The Whistler (8593369975)
Subject:

BRINGING ISLAM TO AMERICA WITH BARACK OBAMA - BILL CLINTON CAUSED THE FINANCIAL CRISIS

RE: CV05-00030 - David C. Farmer vs Harmon - Exhibit: "Bringing Islam to America with Barack Obama - Bill Clinton Caused the Financial Crisis"

Thursday, January 29, 2009 1:23 AM

From: Bobby N. Harmon

To: "David Farmer" , "Steven Guttman" , "Carol K. Muranaka" , "Michael Mukasey" , "David A. Ezra" , "Enforcement Division SEC" , "Barack H. Obama" Cc: "ACLU Hawaii" , "All Representatives" , "All Senators" , "Andrew Walden" , "Aon Insurance Managers" , "Arthur Rath" , "Barry M. Kurren" , "Benjamin Kudo" , "Bradley Tamm" , "Carl Morton" , "Charles Goodwin" , "Charles Hurd" , "Dave Shapiro" , "Dee Jay Mailer" , "Dorothy Sellers" , "Executive Office for U.S. Trustees" , "Hugh Jones" , "Insurance Division Fraud Branch" , "J C Shannon" , "James B Nicholson" , "James B. Farris" , "James Cribley" , "James Paul" , "James Wriston" , "Jeffrey Watanabe" , "Jim Dooley" , "Jo Ann Uchida" , "Joe Moore" , "John D. Finnegan" , "John Goemans" , "Judge Lloyd King" , "Judith Neustadter" , "Judson Witham" , "Ken Conklin" , "Kenneth Hipp" , "Kevin S.C. Chang" , "Lawrence Reifurth" , "Linda Lingle" , "Lyn Flanigan Anzai" , "Margery Bronster" , "Marsh Affinity Group" , "Michael N. Tanoue" , "Michelle Tucker" , "Nathan Aipa" , "Office of Inspector General Civil Rights Complaints" , "Office of the U.S. Trustee District of Hawaii" , "Paul Alston" , "Randall Roth" , "Rick Daysog" , "Robert Bruce Graham" , "Robin Campaniano" , "Samuel P. King" , "Susan Tius" , "William K Slate" , "Jim Terrack" , "Don Michak" , "Rocco Sansone" , "Ted Pettit" , "Mark Burch" , "Laura Thielen" , "Vaughn & Lynda Robinson" , "Rebecca Christie" , "Catbird" , "Real News" , "James Duca" , "Ian Lind" , "Roy F. Hughes" , "Michelle Malkin" , "Malia Zimmerman" , "Elisa Yadao"

http://barackobamaislam.blogspot.com/2008/09/bill-clinton-caused-financial-crisis.html

Bringing Islam to America with Barack Obama

Islam will finally triumph with Barack Hussein Obama. The Islamic world is waiting with great anticipation as they see their plan to conquer America fulfilled by their latest prophet, Barack Hussein Obama. He is totally right that only he will bring real change. The question that all should ask is WHAT KIND OF CHANGE?

Tuesday, September 16, 2008

BILL CLINTON CAUSED THE FINANCIAL CRISIS

Many Democrats wish Bill Clinton still occupied the White House. However, before you put him in Mt. Rushmore, you might want to investigate his role in the mortgage foreclosure crisis.

The chief aim of what I have termed the Republican Counterrevolution has always been to roll back the New Deal. Anti-gov'ment rhetoric hides this as surely as states' rights hid racist segregation. Of all the New Deal legislation the GOP has sought to overturn, one that has always been at or near the top of the list is the Glass-Steagall Act. Ironically, a Democratic president repealed this for them.

Glass-Steagall

An unreconstructed Southerner from Virginia, Carter Glass shepherded the creation of the Federal Reserve System through Congress, which has caused some to call him the "founding father of the Federal Reserve System." Later Glass would serve as Wilson's Treasury Secretary, recommending aid to Europe after World War I. Just before leaving Treasury to become senator, Glass warned about banks getting involved in stocks.

In his economic history of the Great Depression, John Kenneth Galbraith pointed out one of the causes was:
The large-scale corporate thimblerigging that was going on. This took a variety of forms, of which by far the most common was the organization of corporations to hold stock in yet other corporations, which in turn held stock in yet other corporations.

Galbraith would note:

During 1929 one investment house, Goldman, Sachs & Company, organized and sold nearly a billion dollars� worth of securities in three interconnected investment trusts�Goldman Sachs Trading Corporation; Shenandoah Corporation; and Blue Ridge Corporation. All eventually depreciated virtually to nothing.

It is hard to imagine today what it felt like to walk through the door of a bank in those days and learn that the dollars you had earned had vanished. Every day spent working and saving had been for nothing. A great many farmers, brick layers, carpenters, factory workers believed the bankers had stolen their lives.

When Franklin Roosevelt took office, both the President and Congress knew the banking crisis demanded immediate action. The result was one of the crown jewels of the New Deal: the Glass-Steagall Act, officially known as the Banking Act of 1933. Glass made sure the bill forbid banks from getting into the investment business. In addition, the bill established the Federal Deposit Insurance Company, which protects our bank deposits.

In 1971, in Investment Company Institute v. Camp, no less than the United States Supreme Court would write what stands as the most cogent summary of the reasons for Glass-Steagall:

Congress was concerned that commercial banks in general and member banks of the Federal Reserve System in particular had both aggravated and been damaged by stock market decline partly because of their direct and indirect involvement in the trading and ownership of speculative securities.

The legislative history of the Glass-Steagall Act shows that Congress also had in mind and repeatedly focused on the more subtle hazards that arise when a commercial bank goes beyond the business of acting as fiduciary or managing agent and enters the investment banking business either directly or by establishing an affiliate to hold and sell particular investments.

Many arguments the Supreme Court advanced in support of Glass-Steagall, would prove prophetic three decades later.

Bill Clinton and the Wall of Me

Billionaire Sanford I. Weill, who according to Louis Uchitelle made "Citigroup into the most powerful financial institution since the House of Morgan a century ago," has what I call the Wall of Me leading to his office, which he has decorated with tributes to him, including a dozen framed magazine covers. A major trophy is the pen Bill Clinton used to sign the repeal of the Glass-Steagall Act, a move which allowed Weill to create Citigroup. Fittingly, Citigroup is a major contributor to guess which current Democratic Presidential candidate?

A Frontline report on the repeal of Glass-Steagall shows how those with money end up with pens from the President of the United States on their walls.

Sandy Weill calls President Clinton in the evening to try to break the deadlock after Senator Phil Gramm, chairman of the Banking Committee, warned Citigroup lobbyist Roger Levy that Weill has to get White House moving on the bill or he would shut down the House-Senate conference. Serious negotiations resume, and a deal is announced at 2:45 a.m. on Oct. 22. Whether Weill made any difference in precipitating a deal is unclear.

Just days after the administration (including the Treasury Department) agrees to support the repeal, Treasury Secretary Robert Rubin, the former co-chairman of a major Wall Street investment bank, Goldman Sachs, raises eyebrows by accepting a top job at Citigroup as Weill's chief lieutenant. The previous year, Weill had called Secretary Rubin to give him advance notice of the upcoming merger announcement. When Weill told Rubin he had some important news, the secretary reportedly quipped, "You're buying the government?"

When Bill Clinton gave that pen to Sanford Weill, it symbolized the ending of the twentieth century Democratic Party that had created the New Deal. Although the 1999 law did not repeal all of the banking Act of 1933, retaining the FDIC, it did once again allow banks to enter the securities business, becoming what some term "whole banks."

The repeal of one of the most important pieces of legislation in this nation's history came about as a result of another Clinton "triangulation," the wobbling attempt to find the middle of the road that has somehow managed to pass for a philosophy with many Democrats for over two decades. As former Clinton former campaign Richard Morris once described it, you move a little to the left, a little to the right. I'd love to hear Clinton give that explanation to a foreclosed home owner today.

With the stroke of a pen, Bill Clinton ended an era that stretched back to William Jennings Bryan and Woodrow Wilson and reached fruition with FDR and Harry Truman. As he signed his name, in the whorls and dots of his pen strokes William Jefferson Clinton was also symbolically signing the death warrant of Liberal America and its core belief in the level playing field that had guided the Democratic Party. But it was the gift of the pen to Sanford Weill and its assuming an honored place on the Wall of Me that rubbed salt in the wound.

In his famous First Inaugural Roosevelt asserted:

Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men.

Clinton not only repealed the act Roosevelt had put in place to curb those practices, but presented one of the pens used to sign it to one of those "money changers."

What Hath Clinton Wrought?

What can be said in Clinton's favor is that in 1999 few people anticipated the out-of-control growth of the hedge fund industry and the subprime mortgage market. The New York Times described the new financial world created by the repeal of Glass-Steagall in a June 2007 profile of Goldman Sachs:

While Wall Street still mints money advising companies on mergers and taking them public, real money � staggering money � is made trading and investing capital through a global array of mind-bending products and strategies unimaginable a decade ago.

Curiously, Goldman Sachs head Lloyd Blankfein paints the perfect big picture of what has happened: We�ve come full circle, because this is exactly what the Rothschilds or J. P. Morgan, the banker were doing in their heyday.

What caused an aberration was the Glass Steagall Act.

Blankfein's analysis testifies to the full impact of Bill Clinton's actions, for like many members of the Counterrevolution he sees the New Deal as an aberration and longs for a return to the days J. P. Morgan and other tycoons gave the Gilded Age its nickname. His "aberration" was eliminated not because of the actions of some radical Republican, but because of Bill Clinton. No wonder Goldman Sachs is also a prime contributor to you-know-who....

http://barackobamaislam.blogspot.com/2008/09/bill-clinton-caused-financial-crisis.html

# # #

January 29, 2009

Dear Mr. Farmer; Mr. Guttman; Ms. Muranaka; Attorney General Mukasey, President Obama, and All Concerned:

Due to the discovery of new facts, I am adding the above internet post as a new Exhibit. You will find important related information on-line at:

http://www.kycbs.net/AIPAC.htm
http://www.kycbs.net/Bank-of-Hawaii.htm http://www.kycbs.net/Bank-of-Honolulu.htm http://www.kycbs.net/BCCI.htm
http://www.kycbs.net/Central-Pacific-Bank.htm http://www.kycbs.net/Confessions.htm http://www.kycbs.net/CITIGROUP.htm http://www.kycbs.net/Freedom-To-Sing.htm http://www.kycbs.net/First-Hawaiian-Bank.htm http://www.kycbs.net/GoldmanSachs.htm http://www.kycbs.net/Henry-Paulson.htm http://www.kycbs.net/HonFed.htm http://www.kycbs.net/IndonesianConnection.htm http://www.kycbs.net/JUSTICE.htm http://www.kycbs.net/MaunawiliValley.htm http://www.kycbs.net/NatureConservancy.htm http://www.kycbs.net/Nature-Conservancy-Hawaii.htm http://www.kycbs.net/Peregrine-Fund.htm http://www.kycbs.net/Peregrine-Gallery.htm http://www.kycbs.net/SimonSays.htm http://www.kycbs.net/TheMeadows.htm http://www.kycbs.net/Treasury.htm http://www.kycbs.net/CV05-00030-Witness-Awana-Bob.htm http://www.kycbs.net/CV05-00030-Witness-Campaniano-Robin.htm
http://www.kycbs.net/CV05-00030-Witness-Clinton-Bill.htm http://www.kycbs.net/CV05-00030-Witness-Clinton-Hillary.htm
http://www.kycbs.net/CV05-00030-Witness-Geithner-Timothy.htm
http://www.kycbs.net/CV05-00030-Witness-Giacometti-Guido.htm
http://www.kycbs.net/CV05-00030-Witness-Graulty-Rey.htm http://www.kycbs.net/CV05-00030-Witness-Kurren-Barry.htm http://www.kycbs.net/CV05-00030-Witness-Kurren-Faye.htm http://www.kycbs.net/CV05-00030-Witness-Matsumoto-Colbert.htm
http://www.kycbs.net/CV05-00030-Witness-Metcalf-Wayne.htm http://www.kycbs.net/CV05-00030-Witness-Obama-Barack.htm http://www.kycbs.net/CV05-00030-Witness-Paulson-Henry.htm http://www.kycbs.net/CV05-00030-Witness-Plotts-Diane.htm http://www.kycbs.net/CV05-00030-Witness-Rubin-Robert.htm http://www.kycbs.net/CV05-00030-Witness-Sia-Sukamto.htm http://www.kycbs.net/CV05-00030-Witness-Waihee-John.htm

This information clearly demonstrates that Judge David A. Ezra's Order to shut-down my website, "The Catbird Seat," is a prior restraint of freedom of speech and violates my First Amendment Rights.

Also, as I have stated before, Judge Ezra did not have jurisdiction in this case due to the fact that I am located in Kentucky, and the website he shut down is part of a world-wide communications network.

Furthermore, this Exhibit again proves that there are many undisclosed conflicts-of-interest among various related parties, which justify my filing a Motion to Reopen this case. In view of all these Exhibits that I have presented, I again offer to you, and to your insurance carriers, the opportunity to attempt a global settlement of this matter through negotiation or mediation.

If you are NOT willing to attempt to negotiate or mediate a settlement, however, then I ask that you review these pages and advise me if you find if they contain any so-called "prohibited subject matter", and whether or not you intend to OBJECT to my filing a Motion to reopen this case.

Your immediate reply is requested. If I do not receive a response from you within 15 days, I will assume that you have found no "prohibited subject matter" in these updated pages, and that you will NOT file any objections to my Motion to reopen this case.
Very truly yours,

Bobby N. Harmon, CPCU, ARM

Related internet pages:

http://www.kycbs.htm
http://www.kycbs.net/Catbird-Seat-Index.htm http://www.fair.org/index.php?page=1233

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