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Sheila Bair - World's Worst Regulator - to Stay at FDIC

Lol ... Obama fires whistleblowers in his own administration and is a massive patronage hirer. He is the biggest fraud of all.


On Jan 29 04:34 AM Yolanda Gibson-Michaels wrote:

> January 21, 2009
>
>
> President Barack Obama
> The White House
> 1600 Pennsylvania Avenue NW
> Washington, DC 20500
>
> Re: Investigation/Removal of FDIC Chairman Sheila C. Bair, John C.
> Dugan,Comptroller of the Currency, Julie Williams, Assistant Director
> Office of Comptroller, John M. Reich, Director, Office of Thrift
> Supervision
>
> Dear President Barack Obama,
>
> Please do not retain FDIC Chairman Sheila C. Bair. Retention of Chairman
> Bair will guarantee that your Administration will inherit reported
> ‘tainted’ fraud at the FDIC reported by myself and former FDIC Whistleblowers
> (see enclosed) since the early 1970s. I reported FDICs fraud in accordance
> to the Federal Whistleblower statute ignored by FDIC Chairman. <br/>
>
> This serves as an official request that your Administration initiate
> an immediate investigation of reported fraud at the Federal Deposit
> Insurance Corporation (seekingalpha.com/symbo...); to and
> including the immediate removal of Chairman Sheila C. Bair and other
> reported officials engaged into RICO (Racketeering), inside trading,
> money laundering, receivership fraud, bank fraud and unregistered
> Securities Exchange Commission (seekingalpha.com/symbo...)
> Financial fraud linked to FDIC, Indy Bank, Countrywide, AIG, Fannie
> Mae, Wells Fargo, Wachovia, SunTrust, Lehman Brothers, Wackenhut
> and other Banking and Financial Institutions.
>
> FDIC Chairman Bair willfully and knowingly ignored reported fraud.
> Chairman Bair and other Financial regulators must be held accountable
> for: (1) negligent oversight, (2) safety and soundness of the Banking
> industry, (3) failure to regulate, (4) failure to audit false financial
> statements of FDIC CEOs, (5) failure to oversee the Mortgage industry;
> (6) failure to investigate reported fraud at the FDIC linked to Enron,
> Merrill Lynch, Countrywide, SunTrust, Wackenhut, Bank Hamilton, Fannie
> Mae, Freddie Mac, Indy Bank et.al., In retaliation of reporting FDIC
> Corporate-Wide fraud, Chairman Bair condoned and sanctioned FDICs
> involuntary removal of my Federal career after 25 years of sustained
> outstanding Federal services. I now remain without employment, salary,
> and critical health benefits to care for my severely autistic son
> with a seizure disorder.
>
> Congressman Barney Frank, Chairman Financial Services is also a partaker
> of reported fraud at the FDIC. Mr. Frank received evidence regarding
> FDIC by letter dated May 16, 2008, from former Congressman Albert
> R. Wynn to investigate the FDIC. (Enclosed).
>
> President Obama, you pledged that you would go line-by-line to ensure
> accountability. You pledged that you will hold regulators responsible.
> You pledged that you will ensure accountability, transparency, investigations,
> and removal of CEOs. I, and millions of Americans elected you as
> our President based on your campaign promises, pledges, trust, and
> integrity. I have enclosed evidence of fraud reported against the
> FDIC (539 page disclosure report). Retention of FDIC Chairman Sheila
> Bair before reviewing evidence only creates mistrust. The Mortgage
> crises did not occur by osmosis. The Mortgage crisis was a deliberate
> attack on American Homeowners by a failed corrupt Government, FDIC
> corrupt officials, President Bush corrupt Administration; and his
> cronies appointed throughout the Federal Government.
>
> Furthermore, I demand an immediate removal of FDIC CEO John F. Bovenzi
> and his spouse Erica Cooper Bovenzi both corrupted officials at the
> FDIC; to and including the immediate removal of FDIC OIG Jon Rymer.
> Former FDIC Chairman Donald E. Powell, Frederick S. Selby FDIC Division
> of Finance Director aka signatory Bank officer to notorious Kenneth
> Lay (Enron), Wells Fargo, Boatman’s, Wachovia; among other reported
> fraud must be investigated. President Obama, please do not be naïve.
> Chairman Barney Frank and FDIC Chairman Sheila C. Bair are both conspirators
> of fraud reported at the FDIC. The following is evidence that Barney
> Frank is also an “unregistered” investor of General Motors Corporation.
> However, Barney Frank voted on the Big3 (Automotive) bailout which
> is unethical and questionable.
> “Barney Frank”
> Latest Filing: 7/19/02 as Signatory
> As: Signatory (Director, Officer, Attorney, Accountant, Banker, Agent,
> etc.)
> List All Filings as Signatory
>
> Search Recent Filings (as Signatory) for “Barney Frank”
> “Barney Frank” has been a Signatory for/with the following 4 Registrants:
>
> • Directv Group Inc [ formerly Hughes Electronics Corp ]
> • DISH Network CORP [ formerly Echostar Communications Corp ] <br/>•
> General Motors Corp
> • Hec Holdings Inc
> “Barney Frank” has/had a Signatory interest in the following 2 Registrants:
>
> • Directv Group Inc [ formerly Hughes Electronics Corp ]
> • General Motors Corp
> Copyright © 2008 Fran Finnegan &amp; Company All Rights Reserved.
>
> secinfo.com - Wed, 3 Dec 2008 04:55:49.0 GMT
> General Motors Corp • 8-K • For 3/6/08
> Filed On 3/6/08 2:58pm ET • SEC File 1-00043 • Accession Number 40730-8-8
>
> As Of Filer Filing As/For/On Docs:Pgs
>
> 3/06/08 General Motors Corp 8-K{5,9} 3/06/08 2:6
>
>
> The Crises on Wall Street was created under President Bush Administration,
> FDIC regulators, Office of Thrift Supervision, the Securities Exchange
> Commission (seekingalpha.com/symbo...); and other corrupt
> officials. Evidence is located at lulu.com “Caught in a Web
> of Bureaucracy” report of Financial fraud by Yolanda C. Gibson-Michaels
> (539 pages of reported Fraud). Therefore, please consider the implementation
> of a Whistleblower Disclosure Administration. You must rely upon
> Federal Whistleblowers if you would like the truth regarding reported
> fraud, waste, abuse, and corruption. Absent Federal Whistleblowers
> your quest to uncover the truth will fail as Federal CEOs will continue
> to hide, obstruct justice and conceal fraud. Federal Whistleblowers
> play an integral part in disclosing waste, fraud, abuse, and corruption
> throughout the Federal Government and abroad. Trust, Whistleblowers
> will not fail you President Obama.
>
> Please reappoint an individual at the FDIC with honesty, integrity,
> morals, ethics, and values to oversee the Federal Deposit Insurance
> Corporation (seekingalpha.com/symbo...) and remove FDIC
> Chairman Sheila C. Bair. Thank you.
>
> Sincerely,
> /s/
> Yolanda C. Gibson-Michaels (FDIC Whistleblower)
> [e-mail]
>
> Cc:Vice President Joe Biden
> The White House
> 1600 Pennsylvania Avenue NW
> Washington, DC 20500
>
>

The GM Executioner Wore Abercrombie

Every bankruptcy, every unwinding should have as one of its primary goals the creation of jobs that are: A. value adding (labor contributes to value) and B. not on the government payroll. Under our current paradigm someone has to pay taxes and that is left to two classes of people. 1. those that add value through labor (manufacturing, construction, etc). 2. those that add no value but recycle money back into the economy (bankers, lawyers, government .. other service employees).

With 45% of US GDP coming from government and supposedly over 40% of corporate profits coming from banking it is getting hard to conceive of our capitalistic representative democracy model being sustainable unless we revert our path and change some fundamental economic realities that we have reintroduced over the past 20 years.

PPIP Killed the 2008 Bear

On the one hand, it really is not the taxpayers money, because the taxpayers are neither being asked to pony up for the sum or do they have the ability to pay for it.

On the other hand, in a "real money" world, it would be the taxpayer's money and that is exactly what we would be asked to do. In that case it would be especially disturbing to me to be forced to pay money I don't have to greedy, power hungry, criminals (in a Just world they would be criminals) who do not need the money.

Every president seems to be a pragmatist. He realizes where the real power lies and that he is just a song and dance man for the money. He then gets to enjoy the perks at no risk. Where have the great men gone, all we have are entertainers, dupes and thieves.

Big Banks vs. America

If the government was actually interested in doing what is right for the country instead of doing what is right for the control and pocketbooks of a handful on Wall Street and in Washington then what you say makes absolute sense.

The problem is that that no one believes that Obama has the desire, will or ability to affect that kind of change and so he, like many of his predecessors will be the willing slaves of Wall Street money and a net detriment to the American people.

I do not think that Obama will pass this test.