Tuesday, December 29, 2009

Which Party Had More Representation in the "Ten Most Corrupt Politicians" for 2009 List?







I recommend you head over to Judicial Watch to read the entire post, but here for your enjoyment are a few of the top ten.

1. Senator Christopher Dodd (D-CT): This marks two years in a row for Senator Dodd, who made the 2008 “Ten Most Corrupt” list for his corrupt relationship with Fannie Mae and Freddie Mac and for accepting preferential treatment and loan terms from Countrywide Financial, a scandal which still dogs him. In 2009, the scandals kept coming for the Connecticut Democrat. In 2009, Judicial Watch filed a Senate ethics complaint against Dodd for undervaluing a property he owns in Ireland on his Senate Financial Disclosure forms. Judicial Watch's complaint forced Dodd to amend the forms. However, press reports suggest the property to this day remains undervalued. Judicial Watch also alleges in the complaint that Dodd obtained a sweetheart deal for the property in exchange for his assistance in obtaining a presidential pardon (during the Clinton administration) and other favors for a long-time friend and business associate. The false financial disclosure forms were part of the cover-up. Dodd remains the head the Senate Banking Committee.


3. Rep. Barney Frank (D-MA): Judicial Watch is investigating a $12 million TARP cash injection provided to the Boston-based OneUnited Bank at the urging of Massachusetts Rep. Barney Frank. As reported in the January 22, 2009, edition of the Wall Street Journal, the Treasury Department indicated it would only provide funds to healthy banks to jump-start lending. Not only was OneUnited Bank in massive financial turmoil, but it was also "under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives' use." Rep. Frank admitted he spoke to a "federal regulator," and Treasury granted the funds. (The bank continues to flounder despite Frank’s intervention for federal dollars.) Moreover, Judicial Watch uncovered documents in 2009 that showed that members of Congress for years were aware that Fannie Mae and Freddie Mac were playing fast and loose with accounting issues, risk assessment issues and executive compensation issues, even as liberals led by Rep. Frank continued to block attempts to rein in the two Government Sponsored Enterprises (GSEs). For example, during a hearing on September 10, 2003, before the House Committee on Financial Services considering a Bush administration proposal to further regulate Fannie and Freddie, Rep. Frank stated: "I want to begin by saying that I am glad to consider the legislation, but I do not think we are facing any kind of a crisis. That is, in my view, the two Government Sponsored Enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis. We have recently had an accounting problem with Freddie Mac that has led to people being dismissed, as appears to be appropriate. I do not think at this point there is a problem with a threat to the Treasury." Frank received $42,350 in campaign contributions from Fannie Mae and Freddie Mac between 1989 and 2008. Frank also engaged in a relationship with a Fannie Mae Executive while serving on the House Banking Committee, which has jurisdiction over Fannie Mae and Freddie Mac.


10. Rep. Charles Rangel (D-NY): Rangel, the man in charge of writing tax policy for the entire country, has yet to adequately explain how he could possibly "forget" to pay taxes on $75,000 in rental income he earned from his off-shore rental property. He also faces allegations that he improperly used his influence to maintain ownership of highly coveted rent-controlled apartments in Harlem, and misused his congressional office to fundraise for his private Rangel Center by preserving a tax loophole for an oil drilling company in exchange for funding. On top of all that, Rangel recently amended his financial disclosure reports, which doubled his reported wealth. (He somehow “forgot” about $1 million in assets.) And what did he do when the House Ethics Committee started looking into all of this? He apparently resorted to making "campaign contributions" to dig his way out of trouble. According to WCBS TV, a New York CBS affiliate: “The reigning member of Congress' top tax committee is apparently ‘wrangling’ other politicos to get him out of his own financial and tax troubles...Since ethics probes began last year the 79-year-old congressman has given campaign donations to 119 members of Congress, including three of the five Democrats on the House Ethics Committee who are charged with investigating him.” Charlie Rangel should not be allowed to remain in Congress, let alone serve as Chairman of the powerful House Ways and Means Committee, and he knows it. That’s why he felt the need to disburse campaign contributions to Ethics Committee members and other congressional colleagues.

Be sure to read through the entire list to see the lone Republican and highest elected politician in the land. It stands to reason that because the Republicans are out of power, they hold fewer spots (read: one) on the list. Why attempt to buy off a politician who doesn't have much of anything to give you?

Please take the time to comment!

4 People Have Had Their Say:

Skunkfeathers on December 30, 2009 at 3:08 AM said...

The most ethical administration/Congress in modern times???? BWHAHAHAHAHAHAHAHAHAHAHA! Democrat = morally, ethically, criminally bankrupt

Behold a Red Horse on December 30, 2009 at 11:26 AM said...

Barney Frank was sucking Herb Moses from CountryWide. He even called him his "spouse". What a spectacular conflict of interest. In other news Chris Dodd will be taking it in the ass when they finally put him in prison. It's like, they're guilty as hell of crime, everybody knows it, and nothing is done about it. I blame the Jews! LOL! Sorry, had to do it.

Behold a Red Horse on December 30, 2009 at 11:28 AM said...

Oh, and for the record, Barney Frank doesn't actually have a lisp... it's because he wears his mouth out SUCKING DICKS from Fannie Mae, Freddie Mac, and CountryWide. That's why he can't speak plain English. That dirty dick sucker! LOL! I know, I'm filthy fun!

classicaliberal on December 31, 2009 at 2:16 AM said...

Filthy Fun indeed. How's rehab working out BTW?

 

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