Friday, April 23, 2010

GM Robs Peter to Pay..., Well, Peter

General Motors announced with much fanfare and ballyhoo that it had repaid the entire $6.7 billion in TARP money it had received to stave off bankruptcy and they did it five years early. That would be great if it were true.


You Tube via Gateway Pundit
Sen Chuck Grassley (R-IO) wrote in a letter to Treasury Secretary Tim Geithner that it was an "elaborate money shuffle" saying GM had taken the money from a Treasury escrow account to repay the TARP bailout monies.
"Treasury has merely exchanged a legal right to repayment for an uncertain hope of sharing in the future growth of GM. ..."A debt-for-equity swap is not a repayment."
Avery Fellows at Courthouse News Service writes:

Grassley's concern arose from a quarterly TARP oversight report issued Tuesday, which stated: "The source of funds for these quarterly [debt] payments will be other TARP funds currently held in an escrow account."
In a hearing Tuesday before the Senate Finance Committee, TARP overseer Neil Barofsky confirmed that GM was using Treasury funds to make the loan repayment. He said the government could see a huge loss from bailout funds paid to the auto industry, as the manufacturers' ability to repay depends on car sales.
"The taxpayers are still on the hook, and whether TARP funds are ultimately recovered depends entirely on the government's ability to sell GM stock in the future," Grassley wrote.
(...)

In his letter, Grassley asked Geithner why the agency allowed GM to use the escrow funds to repay the loan.
Grassley also asked for the amount of funds remaining in the escrow account that may be released to GM, and when such a release would occur.
Grassley quoted GM Vice Chairman Stephen Girsky, who, when asked in a television interview this week if the company was using government funds to repay government loans, said, "Well listen, that is in effect true, but a year ago nobody thought we'd be able to pay this back."
And the money still hasn't been paid back, moron! Using one credit card to pay another credit card is not repayment of debt; it's a sure path to insolvency and bankruptcy. I'm still owed 6.7 billion dollars and a year from now I'll still be owed 6.7 billion dollars.





The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.

Thursday, April 22, 2010

Blago's Obama Subpoena Request Reveals Six Secrets

Rod Blagojevich and his team of high priced lawyers requested the issuance of a trial subpoena to Barack Obama today. Blagojeviich, former Illinois governor, was forced to resign after he was indicted for attempting to sell Obama's State Senate seat to the highest bidder. Defense attorneys contend the public statements Obama has made do not comport with prosecution interviews. Obama has said that neither he nor representatives discussed or made any deals for the seat.
"President Obama has direct knowledge to allegations made in the indictment," defense lawyers wrote in their filing. "In addition, President Obama's public statements contradict other witness statements,specifically those made by labor union official and Senate Candidate B (Valerie Jarrett). It is anticipated that labor union official will be a witness for the government. His accounts of events directly related to the charges in the indictment are contradicted by President Obama's public statement."
The motion was heavily redacted, but was edited wrong leaving the the document viewable when the redacted text area was copied and pasted to onto another document. The result revealed six redacted sections meant to be concealed.

NBC Chicago, Ward Room, Redactions Revealed: The Six Secrets You Need to Know From the Obama Subpoena Request

1. Obama may have lied about conversations with convicted fraudster Tony Rezko
Blagojevich's lawyers allege that Rezko admitted breaking the law by contributing "a large sum of cash" to a public official. Blagojevich's attorneys say that public official is Obama. Obama said that Rezko never relayed a request from a lobbyist to hold a fundraiser in favor of favorable legislative action. But the point may be moot: regardless of Obama talking/not talking to Rezko, Blagojevich's attorneys say that Obama refused the request regardless.

Redacted portion: However, the defense has a good faith belief that Mr. Rezko, President Obama’s former friend, fund-raiser, and neighbor told the FBI and the United States Attorneys a different story about President Obama. In a recent in camera proceeding, the government tendered a three paragraph letter indicating that Rezko “has stated in interviews with the government that he engaged in election law violations by personally contributing a large sum of cash to the campaign of a public official who is not Rod Blagojevich. &hellip Further, the public official denies being aware of cash contributions to his campaign by Rezko or others and denies having conversations with Rezko related to cash contributions. ... Rezko has also stated in interviews with the government that he believed he transmitted a quid pro quo offer from a lobbyist to the public official, whereby the lobbyist would hold a fundraiser for the official in exchange for favorable official action, but that the public official rejected the offer. The public official denies any such conversation. In addition, Rezko has stated to the government that he and the public official had certain conversations about gaming legislation and administration, which the public official denies having had.

Redacted footnote: The defense has a good faith belief that this public official is Barack Obama.

2. Obama may have overtly recommended Valerie Jarret for his Senate seat
Blagojevich's defense team basically alleges that Obama told a certain labor union official that he (Obama) would support Valerie Jarrett's candidacy for the Senate seat. Jarrett, referred to as "Senate Candidate B", is now a senior advisor to the president.

Redacted portion: Yet, despite President Obama stating that no representatives of his had any part of any deals, labor union president told the FBI and the United States Attorneys that he spoke to labor union official on November 3, 2008 who received a phone message from Obama that evening. After labor union official listened to the message labor union official told labor union president “I’m the one”. Labor union president took that to mean that labor union official was to be the one to deliver the message on behalf of Obama that Senate Candidate B was his pick. (Labor union president 302, February 2, 2009, p. 7).

Labor union official told the FBI and the United States Attorneys “Obama expressed his belief that [Senate Candidate B] would be a good Senator for the people of Illinois and would be a candidate who could win re-election. [Labor union official] advised Obama that [labor union official] would reach out to Governor Blagojevich and advocate for [Senate Candidate B] ... [Labor union official] called [labor union president] and told [labor union president] that Obama was aware that [labor union official] would be reaching out to Blagojevich.” (Labor union official 302, February 3, 2009 p. 3).

3. A supporter of President Obama may have offered quid pro quo on a Jarrett senate appointment
Redacted portion: Supporter of Presidential Candidate Obama is mentioned in a phone call on November 3, 2008, having offered “fundraising” in exchange for Senate Candidate B for senator (Blagojevich Home Phone Call # 149).

4. Obama maintained a list of good Senate candidates
Redacted portion: President-elect Obama also suggested Senate Candidate A to Governor Blagojevich. John Harris told the FBI and the United States Attorneys that he spoke to President’s Chief of Staff on November 12, 2008. Harris took notes of the conversation and wrote that President’s Chief had previously worked as Blagojevich's press secretary. Obama agreed of Staff told Harris that Senate Candidate A was acceptable to Obama as a senate pick. (Harris handwritten notes, OOG1004463) President’s Chief of Staff told the FBI that “he could not say where but somewhere it was communicated to him that” Senate Candidate A was a suggested candidate viewed as one of the four “right” candidates “by the Obama transition team.”

5. Rahm Emanuel allegedly floated Cheryl Jackson's name for the Senate seat
Redacted portion: President’s Chief of Staff told the FBI that he had a conversation discussing the Senate seat with Obama on December 7, 2008 in Obama’s car. President’s Chief of Staff told the FBI “Obama expressed concern about Senate Candidate D being appointed as Senator.

[President’s Chief of Staff] suggested they might need an expanded list to possibly include names of African Americans that came out of the business world. [President’s Chief of Staff] thought he suggested Senate Candidate E who was the head of the Urban League and with President’s Chief of Staff’s suggestion.

6. Obama had a secret phone call with Blagojevich
Redacted portion: President-elect Obama also spoke to Governor Blagojevich on December 1, 2008 in Philadelphia. On Harris Cell Phone Call # 139, John Harris and Governor’s legal counsel discuss a conversation Blagojevich had with President-elect Obama. The government claims a conspiracy existed from October 22, 2008 continuing through December 9, 2008.6 That conversation is relevant to the defense of the government’s theory of an ongoing conspiracy. Only Rod Blagojevich and President Obama can testify to the contents of that conversation. The defense is allowed to present evidence that corroborates the defendant’s testimony.
This is getting exciting. The Chicago Way meets Chicago Thuggery, Blago vs Barry. Oooo...

Obama will, of course, claim national security, pre-planned vacation reservations that cannot be changed, or some such excuse to get out of trial duty.





The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.

Navy SEAL Not Guilty

Julio Huertas is not guilty.

A six-man jury determined the Navy SEAL, Petty Officer 1st Class not guilty of "dereliction of duty and attempting to influence the testimony of another service member."

Three other SEALs are also charged with dereliction of duty in the case involving suspected abuse of an Iraqi prisoner. The prisoner is believed to be the mastermind of the ambush that killed four Blackwater private security guards, two of whom were former SEALs, as they travelled through Baghdad in 2004. Their bodies were burned and two were hung from a bridge over the Euphrates River as civilians danced around in celebration and children poked at the desecrated bodies.

Military.com reports the AP story:
BAGHDAD -- A U.S. military jury cleared a Navy SEAL Thursday of failing to prevent the beating of an Iraqi prisoner suspected of masterminding a 2004 attack that killed four American security contractors.

The contractors' burned bodies were dragged through the streets and two were hanged from a bridge over the Euphrates river in the former insurgent hotbed of Fallujah, in what became a major turning point in the Iraq war.
(...)

The Iraqi prisoner who was allegedly abused, Ahmed Hashim Abed, testified Wednesday on the opening day of the trial at the U.S. military's Camp Victory on Baghdad's western outskirts that he was beaten by U.S. troops while hooded and tied to a chair.

Navy Petty Officer 3rd Class Kevin DeMartino, who was assigned to process and transport the prisoner and is not a SEAL, testified he saw one SEAL punch the prisoner in the stomach and watched blood spurt from his mouth. Huertas and the third SEAL were in the narrow holding-room at the time of the incident, he added.

But defense attorneys tried to cast doubt on the beating claims, showing photographs of Abed after the alleged beating in which he had a visible cut inside his lip but no obvious signs of bruising or injuries anywhere else.

In her closing arguments, Huertas' civilian attorney Monica Lombardi pointed to inconsistencies between DeMartino's testimony and nearly every other Navy witness. She also reminded the jury of the terrorism charges against Abed, who is in Iraqi custody and has not yet been tried, saying he could not be trusted and may have inflicted wounds on himself as a way of recasting blame on American troops.
The courts-martial was unnecessary because the three SEALs could have received only a reprimand in their personel files, but they insisted upon a military trial to clear their names.




The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.

Sunday, April 18, 2010

Repeat After Me


You Tube

OK, that wasn't so hard.



The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.

Quick! What is it now?

Headline from Breitbart as it appeared Sunday 12:30pm, PST:

Israel's population 7.5 million
a few minutes ago (Jerusalem Post)


The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.