Revolutionary War hand made family record – The Sunshine Patriots on Wall Street Embrace Mitt Romney

Illustrated Family Record (Fraktur) Found in Revolutionary War Pension and Bounty-Land-Warrant Application File,  for Philip Frey, Pennsylvania. Date Created: Around 1780 CE – 1815 CE.

If you have ever had as much dealings with public and other assorted legal records as I have, the illustrative embellishments are especially appreciated. It is an actual legal document. Like all wars the American Revolutionary War had it bureaucratic side. Thus records must be kept. In this case the newly formed Continental Congress had passed laws promising grants of government owned land and pensions ( pensions are those among many things that conservatives consider an evil force, yet are happy to have pension invest in businesses they own) to regular soldiers and officers who had served in the war. As well as their survivors – such as widows. This illustrated family record is in German Fraktur script. It was a hand written and colored, birth and baptismal document submitted as part of the application for a pension by Anna Margaretha Kolb, wife of Revolutionary War veteran Philip Frey. Mr. Frey had served between April 1776 and January 1778.  It is known that he fought at the battles at Long Island, White Plains, and Germantown. After the war he was officially discharged at Valley Forge. Beginning in March 1839,  His wife Anna received $8 a month in veterans pension payments based upon her husband’s service. The certificate is in German because German was still the daily language spoken by most residents of 18th- and 19th-century Pennsylvania. Thus began America’s decline in the evil welfare state that we all know today.

This is hilarious in a way, Fox’s Karl Rove Accuses Obama Campaign Of Attempting To Buy The Election. Rove uses two conservative rules straight out of the Republican playbook. He accuses the other side of what he and his crony pals are most guilty. Then deflects a political point on which Republicans are weakest  – the public perception that conservatives are fundamentally corrupt puppets of special interests. Let’s say that President Obama and his supporters could buy the election the way Scott Walker (R-WI) bough the recent recall election in Wisconsin. Who and or what would make that possible. The decision by the conservative Republicans on the SCOTUS called Citizens United. By making the surreal claim that political contributions and the propaganda they created via shadowy groups, for were the same thing as free speech, conservatives made buying elections perfectly legal. As the Citizens case was being weighed by the Court, many conservatives went into outrage mode over the fact that Free Money Speech could be regulated. While the ultimate source of the big bucks going into the 2010 and now, the 2012 election cycle can remain in the shadows, the dollar amounts have a way of becoming public. If anyone is buying this election it is Mitt Romney and Republicans. Wall Street’s vote: Romney by a landslide

For three years, Wall Street’s been telling the world how much it can’t stand President Barack Obama.

Now, thanks to campaign finance filings, it’s possible to put a price tag on just how much: Mitt Romney’s presidential campaign and the super PAC supporting it are outraising Obama among financial-sector donors $37.1 million to $4.8 million.

Near the front of the pack are 19 Obama donors from 2008 who are giving big to Romney.

The 19 have already given $4.8 million to Romney’s presidential campaign and the super PAC supporting it through the end of April, according to a POLITICO analysis of Federal Election Commission filings. Four years ago, they gave Obama $213,700.

None of them has given a penny to the president’s reelection campaign or the super PAC supporting it.

Ken Griffin, founder of the Chicago-based hedge fund Citadel, has accused Obama of engaging in “class warfare” and gave $2,500 to Romney’s campaign, plus nearly $1.1 million to the pro-Romney super PAC Restore Our Future. But in 2008, Griffin donated the maximum $4,600 to Obama’s campaign and helped raise another $50,000 to $100,000.

“It is critical that the next president appreciates that America’s prosperity is driven by the innovation and hard work of the American worker, whose valiant efforts have, in recent years, been undermined by the oppressive weight of government intervention,” Griffin told POLITICO in a statement.

Romney is helped by Obama’s support for Dodd-Frank, emphasis on higher taxes for the wealthy and aggressive anti-Wall Street rhetoric. But timing plays a role, too: The rise of super PACs and unlimited outside money means donors spurned by the president can take out their revenge tenfold.

Anthony Scaramucci, a Manhattan hedge fund manager who made the Obama-to-Romney switch, said finance donors are migrating from Obama to Romney because “they feel that our country is in trouble — that our economy is in trouble.”

“There is so much dissatisfaction with the current president and his failed policies that we have found more and more people who are willing and wanting to get involved and who are eager to line up behind Gov. Romney,” Scaramucci said.

President Obama has been mean to Wall Street? That would be because of all the bankers, traders and hedge fund managers that have been prosecuted and sent to jail? No because all those people are making pretty much the same huge unearned millions they were making when they crashed the economy. Who is paying for that? People who do actual work. Who is Anthony Scaramucci – a guy who considers himself a hard worker,

What Robinson nails is the way that this is what Scaramucci does — it’s his job. Scaramucci is a fund-of-funds manager, posting returns even he admits are lackluster: he more or less tracks the S&P 500, while making big, risky bets (a third of his assets are in MBS), investing in leveraged hedge funds, and reserving the right not to redeem his clients’ money upon request. Which means that he only has two ways to make money: either find stupid people to give him their money, or else shower himself with so many conspicuous indicia of success that people just want to buy into his perceived success.

[   ]….But he’s not a stock-picker, or even, really, a hedge-fund manager: he just plays one on TV.

And he’s also dangerous:

SkyBridge, which manages $2.8 billion in assets, is aiming its funds of funds at so-called mass affluent investors. They are households with a net worth of $100,000 to $1 million not counting their primary residence…

“I want to be the Peter Lynch of the hedge-fund industry,” Scaramucci says, referring to the Fidelity Investments money manager and TV spokesman who helped popularize mutual-fund investing in the 1980s and 1990s. “I want to make hedge-fund investing approachable to the average American investor.”…

The fund of funds has a minimum threshold investment of only $25,000, and SkyBridge sells it through Morgan Stanley Smith Barney, Bank of America Corp.’s Merrill Lynch unit and other retail brokerages.

This is a really, really bad idea. Households with less than $1 million in net worth should not be investing in hedge funds; they should certainly not be paying Scaramucci 1.5% a year for the privilege of doing so. (Plus front-end “placement fees” of as much as 3%.)

Gee, maybe Obama should panic, he is losing the support of sleazy self promoting assclowns. Who is Ken Giffins -expert on class warfare? According to Forbes he is worth $3 billion. Every penny of capital he has ever gambled with originated with some working class Joes and Janes that made a product or service while Giffins sit back and sweated over a spread sheet. While I hope he lives a long healthy life, he he dropped dead tomorrow the economy would keep on ticking just as well if not better without him. If there is any proof to the contrary for either Giffins or Scaramucci I’d be happy to read it. That anyone has any respect for either of these arrogant thieves in pin-stripes says something about the twisted idolatry that so many Americans have been taught to bestow on the financial elite. You know why Ken and Anthony are still so wealthy after they crashed the economy? Tax payers bailed them out. They’re both welfare queens who take the big profits but pass the losses to you and me.

I will give Giffin credit for at least a short while, he pushed for making derivative trading part of some kind of transparent market-like stock exchange. That will never happen now, and certainly has no chance in a Romney administration. So Giffin is your basic Wall Street BullSh*ter.

“These are the times that try men’s souls: The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of his country; but he that stands by it now, deserves the love and thanks of man and woman.” – Thomas Paine

Hear that sound. That is the sound of crickets. The sound of conservatives like Michelle Malkin, who in her book Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies. Who went after hedge fund mangers like Giffin and their association with the Obama campaign in 2008. Where is the outrage now that the very same corrupt Wall Streeters are backing Romney.

Screen shot of what Malkin thought of Wall Streeters who now support Romney.

 

Alec MacGillis also notes Wall Street’s bizarre playing of the victim card, How To Say Thank You On Wall Street

November 6, 2011 Washington Post article by Zach Goldfarb:

During Obama’s tenure, Wall Street has roared back, even as the broader economy has struggled.

The largest banks are larger than they were when Obama took office and are nearing the level of profits they were making before the depths of the financial crisis in 2008, according to government data.

Wall Street firms — independent companies and the securities-trading arms of banks — are doing even better. They earned more in the first 2 1 / 2 years of the Obama administration than they did during the eight years of the George W. Bush administration, industry data show.

Behind this turnaround, in significant measure, are government policies that helped the financial sector avert collapse and then gave financial firms huge benefits on the path to recovery. For example, the federal government invested hundreds of billions of taxpayer dollars in banks — low-cost money that the firms used for high-yielding investments on which they made big profits.

This is one of those occurrences or attitudes that is easy to over analyze – Wall Street or at least a sizable chunk of it does not like Obama now for ….fill in the blank with a dozen wonky reasons. One reason will do. There is no amount of money and power which will make them grateful or content. The median income of the American household has slipped to about $52k. Giffin’s worth is the same as 77,000 households. Does he do the work of that many families. Is he as smart as those families. Does the value he adds to the economy add up to the same as 77,000 families. You know who thought like Giffin and Romney? 16th century kings. The little people should be grateful for the kings like Romney and Giffin and just the heck up.

Ex-loan officer claims Wells Fargo targeted black communities for shoddy loans

For nearly a decade, Beth Jacobson lived inside the vast machinery of subprime mortgages that shook the nation’s economy.

In sworn court testimony, she described watching loan officers comb through heavily African American areas such as Baltimore and Prince George’s County, forging relationships with churches and community groups to sell their members shoddy mortgages. She says she processed loans for homeowners with sterling credit ratings with higher interest rates than they needed to pay. And she says she pumped out millions of dollars in mortgages to people with no paperwork and low incomes, becoming Wells Fargo’s top-producing loan officer.

 

Mitt Hypocrite: Romney Bashes Stimulus, Then Fundraises In Home Of Stimulus Recipient

Mitt Romney spent this morning in Florida trashing the stimulus, saying the Obama administration “borrowed almost a trillion dollars but used it to protect government.”

But just hours after the speech, Romney boarded a plane to Tennessee to fundraise with a beneficiary of Obama’s stimulus funds.

Romney will spend Tuesday night at a $10,000-a-head fundraiser at the house of Orrin H Ingram II, Chairman of the Ingram Barge Company — which received $130,000 in federal stimulus money. Ingram Barge Company is a private company, not a government entity.

By taking any campaign contributions from anyone who received stimulus money or benefited from Recovery Act funds, Romney is running his campaign on stimulus funds.

The horse race, the main event has begun, thus the daily jockeying to portray Obama as losing ground. He is not losing the support of black voters in North Carolina anymore than than Mitt Romney is just a hard working guy who actually meet a janitor once.

Five Things To Know About The Republican Witchhunt Against Attorney General Holder

1. Issa Has No Case: Issa’s uncovered no evidence showing Holder bears any blame for the botched operations begun under George W. Bush, even though the Justice Department turned over thousands of pages of documents concerning the operations. Instead of accepting this fact, Issa has requested many more documents containing confidential information regarding ongoing law enforcement investigations, and is now threatening to hold Holder in contempt if these documents are not turned over. Holder is entirely correct to withhold these documents, however, because Justice Department documents are not subject to congressional subpoena if they would reveal “strategies and procedures that could be used by individuals seeking to evade [DOJ's] law enforcement efforts.”

The only scandal here is Issa using his Congressional powers as a lawmaker to carry out a political attack for the benefit of the Republican party.

SLAVERY BY ANOTHER NAME | Preview | PBS

SLAVERY BY ANOTHER NAME is a 90 minute documentary that challenges one of America’s most cherished assumptions: the belief that slavery in this country ended with Abraham Lincoln’s Emancipation Proclamation of 1863.

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