Location of the original post at Gateway Pundit here
28 May 2010
Awake, Asleep
1."My job right now is just to make sure that everybody in the Gulf understands, this is what I wake to in the morning and this is what I go to bed at night thinking about."
05.27.10 President Obama on Oil Disaster
2."President Obama wakes up in the morning and he goes to bed at night thinking about how to make people's lives better- how to create that enivronment for creating jobs..."
01.20.10 White House Spokesman Robert Gibbs regarding President Obama & Employment
3.“As President, my greatest responsibility is the security of the American people. It is the first thing I think about when I wake up in the morning. It’s the last thing I think about when I go to sleep at night. “
09.11.09 President Obama marking 8th Anniversary of September 11 attacks.
4."As President, my greatest responsibility is the security and safety of the American people. As I've said before, that is the first thing I think about when I wake up in the morning, it's the last thing that I think about when I go to sleep at night. And I will not hesitate to use force to protect the American people or our vital interests."
08.17.09 President Obama on Afghanistan & Pakistan
5."... I read your letters. The stories I hear are the first thing that I think about in the morning; they're the last thing I think about at night. They're the focus of my attention every waking minute of every day."
07.23.09 President Obama on Employment
6."In the midst of all these challenges, however, my single most important responsibility as President is to keep the American people safe. It's the first thing I think about when I wake up in the morning. It's the last thing I think about when I go to sleep at night."
05.21.09 President Obama on Guantanamo
7."I will be judged as commander-in-chief on how safe I'm keeping the American people. That's the responsibility I wake up with and it's the responsibility I go to sleep with."
04.29.09 President Obama on Enhanced Interrogation
8."I come here as a Mom whose girls are the heart of my heart and the center of my world -- they're the first thing I think about when I wake up in the morning, and the last thing I think about when I go to bed at night."
08.25.08 Michelle Obama at Democrat National Convention
Thanks to Sean Hannity, Brett Baier, and Free Republic for their excellent reporting on this, from which I shamelessly borrowed!
09 May 2010
Obama's Green Mafia Gets More Ink
Wednesday 05/06/10 Investors Business Daily getting even closer to an outright charge of criminal abuse of power in this piece on Obama's $10 trillion "green" corruption scheme. Complete text below & in screenshot at bottom. Highlights are mine.
Original link to article: http://www.investors.com/NewsAndAnalysis/Article.aspx?id=532610
Europe's Carbon Mafia, and Ours
Corruption: The carbon trading system being pushed here has spawned crime and fraud across the pond. Cap-and-trade is not about saving the planet. It's about money and power, and absolute power corrupting absolutely.
Corruption: The carbon trading system being pushed here has spawned crime and fraud across the pond. Cap-and-trade is not about saving the planet. It's about money and power, and absolute power corrupting absolutely.
All across Europe authorities have been conducting raids, rounding up individuals involved in a new version of Climate-gate. This time the data aren't corrupted. Europe's Emissions Trading System is. The system is so sick, it's turned out to be a scam built upon a scam.
Twenty-five people have been arrested in raids by British and German authorities as part of a pan-European crackdown on carbon credit VAT tax fraud.
U.K. officials announced raids on 81 offices and homes, nabbing 13 people in England and eight in Scotland. The operation involved 450 investigators from Her Majesty's Revenue and Customs office.
German authorities raided 230 locations, including the headquarters of Deutsche Bank in Frankfurt and the offices of RWE, one of the largest energy firms in Europe. The German operation involved 1,000 investigators targeting 50 companies and 150 suspects.
The amount of money involved in carbon trading is huge and the temptations vast. While our Congress demagogues about banks and their "complex financial instruments," they are simple compared to cap-and-trade, which as we have noted involves essentially the buying and selling of air. Throw in an oppressive value-added tax and you have a recipe for corruption and fraud.
Last December, Europol, the European criminal intelligence agency, announced that Emissions Trading System fraud had resulted in about 5 billion euros in lost revenues as Europe's carbon traders schemed to avoid paying Europe's VAT and pocket the difference. In announcing the raids, the agency said that as much as 90% of Europe's carbon trades were the result of fraudulent activity.
"Carbon markets are highly susceptible to fraud, given their complexity and the fact that it's not always clear what is being traded," says Oscar Reyes of Carbon Trade Watch.
Climate change has been found to be a fraud. Now the system to fight it has been. Yet it's that system the administration and others want to establish here through cap-and-trade legislation such as Waxman-Markey and Kerry-Boxer.
As we also have noted, the mechanism for such phantom carbon trading here has already been established in the form of the Chicago Climate Exchange. The Joyce Foundation in 2000 and 2001 provided the seed money to start CCX when Barack Obama sat on its board.
CCX founder Richard Sandor estimates the climate trading market could be "a $10 trillion dollar market." It is an invitation to fraud that would make Europe's ETS scandal seem like petty theft.
In 2000, according to Joyce Foundation records, $347,600 was allocated to Northwestern University's Kellogg Graduate School of Management, where Sandor was a research professor, "to design a Midwestern pilot program for the voluntary trading of carbon dioxide and other emissions that cause climate change."
Now President Obama would make such carbon trading mandatory, limit total emissions and make carbon as valuable a commodity as booze during Prohibition.
The Joyce Foundation's two grants totaled just over $1 million. CCX has proved very lucrative for Sandor, whose 8 million shares in the exchange has grown to more than $260 million even before a national cap-and-trade system like Europe's is established.
Al Gore, who recently increased his carbon footprint by spending $8.9 million on an oceanview villa near Santa Barbara, Calif., sitting on 1.5 acres with a swimming pool, spa, fountains, five bedrooms, nine bathrooms and no fewer than six fireplaces, is co-founder of Generation Investment Management LLP, the fifth largest shareholder in CCX.
The largest shareholder is, uh, Goldman Sachs. Other CCX founders include former Goldman Sachs partner David Blood, as well as Mark Ferguson and Peter Harris, also of Goldman Sachs. Presumably they know a lot about playing shell games with other people's money.
What has happened in Europe is going to happen here and may already have begun. We, too, can save the earth for fun and profit.
06 May 2010
Obama Celebrates "Cinco de Quattro"
Look, to be antiseptically fair, I almost didn't post this because any reasonable reading of it will tell even the most ardent Obama dissenter why this gaffe was a gaffe that anybody could make but the fact that it was an Obama gaffe and not the gaffe of any conservative of any name but most particularly "Bush" or "Palin" is what make the *crickets* surrounding its non-reportage noteworthy.
Obama jokes that the Latin Americans he is hosting for an event in the White House a day early for Cinco de Mayo event are there to celebrate "Cinco de Quattro" which is not only wrong, but wrong in a completely a**backwards way. If anyone named "Bush" or "Palin" had done it you wouldn't be trolling some middle-aged disc-jockey's blog to see it. It would have been burned into your brain on a continuous loop on MSNBC, CNN, NBC, CBS, ABC.
Obama jokes that the Latin Americans he is hosting for an event in the White House a day early for Cinco de Mayo event are there to celebrate "Cinco de Quattro" which is not only wrong, but wrong in a completely a**backwards way. If anyone named "Bush" or "Palin" had done it you wouldn't be trolling some middle-aged disc-jockey's blog to see it. It would have been burned into your brain on a continuous loop on MSNBC, CNN, NBC, CBS, ABC.
Is it Any Wonder Nobody Watches These Clowns?
This is a screen capture of CBS News website at just before 3pm Thursday 05/06/10. See the problem? Let me help you. It's the headline. Still stumped? Ready?
There was no Department of Homeland Security in 1999. It was created after the attacks of September 11, 2001. Murrow must be rolling over in his grave. This page went up at 5:22pm on May 5. Down in the comments section (not captured here, sorry) someone had posted as early at about 11am on May 6 that they noticed the error, too, which makes it even worse, because that means that at least four hours had passed from the time that comment was left to when I happened upon the site and saw the error. So it went overnight without anyone catching it, then all the way until after the CBS morning news had reported it and beyond. Adding to the circus like inanity of the webpage, also not captured here, unfortunately, is the smiling visage of that cougar herself, one Miss Katherine Couric of the clacking heels and faux perkiness.
Never mind the content of the headline which tells us that Janet Planet & O are asleep at the friggin' switch, even in the wake of their public declarations to have a "stem to stern" look-see at DHS after the underwear bomber at Christmas time.
Maybe we could borrow 60 minutes tick-tick-tick stopwatch from down the hall there at CBS to clock how long it will take before they fix the error. You can check here.
02 May 2010
Lawyers, Lawyers, Lawyers...
How much you wanna bet we'll find some Obama linked lawyers to this firm? Hmm? From AmLaw Daily, unexpurgated article below.
Simpson, Shearman on ICE's Deal for Europe's Leading Emissions Exchange
Posted by Zach Lowe
There may not be many companies that stand to gain as much from financial regulatory reform as IntercontinentalExchange Inc., which already operates a clearinghouse for credit-default swaps and would stand to receive lots more business should federal law require more derivatives move through clearinghouses or exchanges.
But ICE continues to look forward, and today it announced plans to acquire Climate Exchange PLC, which operates the leading emissions trading platforms in both Europe and the U.S., according to the Wall Street Journal and lawyers who worked on the deal. The deal is valued at $603 million and is contingent on shareholder and court approval in the U.K., where Climate Exchange is based, lawyers say.
A team from Shearman & Sterling represented ICE, which is not a surprise, because the firm helped create the derivatives clearinghouse (called ICE Trust) in early 2009 and has advised the company on several other transactions. (Shearman partner Bradley Sabel was named one of The American Lawyer's Dealmakers of the Year for 2009 for his work on the creation of ICE Trust.)
Slaughter and May represented Climate Exchange, lawyers say. The Shearman team has been working on the deal in earnest for about two months, though the two companies have been close for years, says Lois Moore, who led the Shearman team along with Barney Reynolds. (ICE owned a small stake in Climate Exchange before this deal.) Climate Exchange controls about 90 percent of the market in emissions allowance trading in Europe and had been waiting patiently for the U.S. to implement a cap-and-trade system that could create a booming market here, the WSJ says. In the meantime, Climate Exchange's main U.S. subsidiary, the Chicago Climate Exchange, operates a U.S. exchange through which companies can trade emissions contracts in various gasses, the WSJ reports.
Jeff Twentyman led the Slaughter and May team on the deal, lawyers say. He was not immediately available for comment.
Original post here.
CNBC on CCX
Unexpurgated story below:
Carbon Could Be No. 1 Commodity: Exchange Chief Sandor
Published: Monday, 26 Apr 2010 | 12:49 PM ET
By: Natalie Erlich
Writer/Producer
“Carbon, when it becomes worldwide, will be unambiguously the largest commodity in the world,” Sandor said in an interview. “The world emits 35 billion tons; it’s priced at $20; that’s $700 billion. Put a 10-20 multiple like you do on futures, [and] you’re talking about $10 trillion at maturity.” Sandor, who was a major player in the formation of the interest-rate futures market, created the Chicago Climate Exchange [CCX] as a market-based solution to global warming. Time Magazine named him “Hero of the Planet” in 2002, and the “father of carbon trading” in 2007.
“In ’89-’90 someone came to me and said, ‘you commoditize interest rates, do you think you can commoditize air?’” he said. “You could cap the emissions that any utility has, and if they go below that cap, they can sell their emissions, their rights to emit— and if you can go above it, you can buy someone else’s. So it drives compliance.”
The exchange is the world’s first and North America’s only voluntary, legally binding greenhouse gas cap-and-trade system, providing third party verification by the Financial Industry Regulatory Authority [FINRA]. Its subsidiary, the Chicago Climate Futures Exchange is the world’s first environmental derivatives exchange that trades carbon dioxide, sulfur dioxides and nitrogen oxides.
Although the United States remains one of few industrialized nations not following the Kyoto Protocol, an international treaty intended to reduce global warming, the country’s voluntary emissions market remains sizable. At 700 million tons of carbon, CCX is about one-third of Europe’s cap-and-trade program. In fact, that amount is larger than Germany's industrial footprint, according to the exchange. However, this comes at a time when the U.S. climate bill sits on the brink of collapse, which could also have repercussions for the voluntary market.
“A lot of the voluntary investors were getting in because they wanted to get ahead of the curve,” said Terence Gallagher, an independent carbon strategist. “And now people are on the sidelines waiting to see what’s going to happen so you’re going to see less people willing to take the plunge and get into the voluntary market.”
The Senate was expected to unveil legislation today but the bill became stalled after a key GOP ally pulled his support because of an unrelated immigration reform dispute. The CCX has no comment on the situation at this time.
Another hurdle facing the carbon market is fragmentation on the national and international levels. While Europe currently has two types of credits which are generated in Kyoto signatory countries, the United States is divided between the Regional Greenhouse Gas Initiative [RGGI] and the California Action Climate Reserve, said Gallagher.
“There’s too many markets,” he said. “It’s not there until we get a standard product that’s tradable across all different countries.” China, another nation often scrutinized for its large carbon footprint has also taken considerable interest in emissions trading, said Sandor.
“I have more ease in explaining cap and trade in China at universities, than I do in the United States,” he said. “There is an undergraduate emissions trading club in Peking University.”
In fact, the CCX has partnered with China’s largest oil and gas producer and supplier CNPC and the City of Tianjin to develop sulfur dioxide emissions and water pollutants markets. The exchange has also teamed up with China’s central bank to establish a research institute in Chicago and Beijing to advance corporate and industrial use of emissions markets.
“They have their eye on the ball,” said Sandor. “I had lunch with the chairman, Governor Zhou, and he’s like their Ben Bernanke. And Governor Zhou knows more about cap-and-trade than half or 75 percent of the people I know anywhere. So when a central banker can talk chapter and verse about emissions trading, it’s telling you something.”© 2010 CNBC.com![]()
By: Natalie Erlich
Writer/Producer
“Carbon, when it becomes worldwide, will be unambiguously the largest commodity in the world,” Sandor said in an interview. “The world emits 35 billion tons; it’s priced at $20; that’s $700 billion. Put a 10-20 multiple like you do on futures, [and] you’re talking about $10 trillion at maturity.” Sandor, who was a major player in the formation of the interest-rate futures market, created the Chicago Climate Exchange [CCX] as a market-based solution to global warming. Time Magazine named him “Hero of the Planet” in 2002, and the “father of carbon trading” in 2007.
“In ’89-’90 someone came to me and said, ‘you commoditize interest rates, do you think you can commoditize air?’” he said. “You could cap the emissions that any utility has, and if they go below that cap, they can sell their emissions, their rights to emit— and if you can go above it, you can buy someone else’s. So it drives compliance.”
The exchange is the world’s first and North America’s only voluntary, legally binding greenhouse gas cap-and-trade system, providing third party verification by the Financial Industry Regulatory Authority [FINRA]. Its subsidiary, the Chicago Climate Futures Exchange is the world’s first environmental derivatives exchange that trades carbon dioxide, sulfur dioxides and nitrogen oxides.
Although the United States remains one of few industrialized nations not following the Kyoto Protocol, an international treaty intended to reduce global warming, the country’s voluntary emissions market remains sizable. At 700 million tons of carbon, CCX is about one-third of Europe’s cap-and-trade program. In fact, that amount is larger than Germany's industrial footprint, according to the exchange. However, this comes at a time when the U.S. climate bill sits on the brink of collapse, which could also have repercussions for the voluntary market.
“A lot of the voluntary investors were getting in because they wanted to get ahead of the curve,” said Terence Gallagher, an independent carbon strategist. “And now people are on the sidelines waiting to see what’s going to happen so you’re going to see less people willing to take the plunge and get into the voluntary market.”
The Senate was expected to unveil legislation today but the bill became stalled after a key GOP ally pulled his support because of an unrelated immigration reform dispute. The CCX has no comment on the situation at this time.
Another hurdle facing the carbon market is fragmentation on the national and international levels. While Europe currently has two types of credits which are generated in Kyoto signatory countries, the United States is divided between the Regional Greenhouse Gas Initiative [RGGI] and the California Action Climate Reserve, said Gallagher.
“There’s too many markets,” he said. “It’s not there until we get a standard product that’s tradable across all different countries.” China, another nation often scrutinized for its large carbon footprint has also taken considerable interest in emissions trading, said Sandor.
“I have more ease in explaining cap and trade in China at universities, than I do in the United States,” he said. “There is an undergraduate emissions trading club in Peking University.”
In fact, the CCX has partnered with China’s largest oil and gas producer and supplier CNPC and the City of Tianjin to develop sulfur dioxide emissions and water pollutants markets. The exchange has also teamed up with China’s central bank to establish a research institute in Chicago and Beijing to advance corporate and industrial use of emissions markets.
“They have their eye on the ball,” said Sandor. “I had lunch with the chairman, Governor Zhou, and he’s like their Ben Bernanke. And Governor Zhou knows more about cap-and-trade than half or 75 percent of the people I know anywhere. So when a central banker can talk chapter and verse about emissions trading, it’s telling you something.”© 2010 CNBC.com
OK when LIBERALS do it...
You know you are a soulless whore utterly without principles when you have to make stuff up about Tea Party people but liberals clearly, blatantly, brazenly, shamelessly hold signs like this and nobody reports it. They'll offer as an excuse that all are at the Correspondents' Dinner but you know that wouldn't make a speck of difference....God I hate these (media) people. I can't even hide my contempt for them anymore....Thank you to Gateway Pundit for posting them. Unexpurgated column below:
Posted by Jim Hoft on Saturday, May 1, 2010, 10:17 PM
There was a pro-illegal immigrant protest in New York City today at Union Square.Andrew Berman was there and posted several photos from the anti-American rally.
This violent sign – “Death to US Imperial-Fascists” – probably won’t make the news tonight.
Suddenly, it’s fashionable to carry swastikas again.
There was a pro-illegal immigrant protest in New York City today at Union Square.Andrew Berman was there and posted several photos from the anti-American rally.
This violent sign – “Death to US Imperial-Fascists” – probably won’t make the news tonight.
Suddenly, it’s fashionable to carry swastikas again.
01 May 2010
Obama's $10T Corruption as Reported LAST SUMMER in a Little Local Newspaper
I found more reporting on Obama's $10 trillion dollar corruption scandal involving Goldman Sachs, Cap & Trade and CCX that Glenn Beck reported this week and nobody else picked up ~~ The Times-Union Newspaper in little Warsaw Indiana had this article nearly a year ago. It went, understandably, unnoticed.~~Glenn Beck does the same thing with millions of viewers this past week and.... still nothing, but at least Media Matters calls him a "crazy conspiracy theorist." They were not able to refute one single *substantial* fact in the story, just some b.s. straw man garbage but nothing, whatsoever substantial in anyway that would change the fundamental nature of the story. Of course, lunatic kool-aid drinking liberals think MM got him real good and feel all butch about it, but the rest of us know better... Good grief.~~If you've missed this thing entirely you can catch you up here and here and here.
7/17/2009 11:29:00 PM
Follow Money To See Who Wins In Cap And Trade
Gary Gerard
Times-Union General Manager
Somebody once said that if you really want to get to the bottom of an issue all you really need to do is follow the money.
So let's follow the money with regard to the Waxman-Markey American Clean Energy and Security Bill. That's ACES for short. Honestly, I think there is a whole bureaucracy in Washington coming up with acronyms.
The bill is more commonly known as the cap and trade bill. (I like tax and raid better.) The bill's center piece is a carbon-use surcharge that will be levied by the government to any entity that exceeds arbitrary carbon caps set by the government.
The money collected will be used - ostensibly - to fund "green" energy programs.
It's a twisted Robin Hood kind of deal. States like Indiana - where virtually all of our power generation comes from coal and manufacturing drives the economy - will be taxed to the hilt. Prices for everything will rise - especially utility rates - and jobs will be lost as manufacturers adjust for increased energy costs.
Places like California - where Silicon Valley types stare at computer screens coming up with green technology - will reap the benefit.
But in between, there has to be a vehicle to barter these carbon credits.
This is the follow the money part.
Enter CCX - the Chicago Climate Exchange. Go here chicagoclimatex.com to check it out.
Here are some excerpts:
Welcome to Chicago Climate Exchange: We are a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals through the following platforms.
CCX is North America's only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.
The commodity traded on CCX is the CFI contract, each of which represents 100 metric tons of CO2 equivalent. CFI contracts are comprised of Exchange Allowances and Exchange Offsets. Exchange Allowances are issued to emitting members in accordance with their emission baseline and the CCX Emission Reduction Schedule. Exchange Offsets are generated by qualifying offset projects.
Chicago Climate Futures Exchange (CCFE) is a landmark derivatives exchange that currently offers standardized and cleared futures and options contracts on emission allowances and other environmental products. CCFE is a wholly owned subsidiary of CCX.
CCX is 10 percent owned by the Generation Investment Management (GIM), a investment firm founded & chaired by Al Gore.
This firm was co-founded by the former Treasury Secretary under President George W. Bush and former Goldman Sachs CEO Hank Paulson.
Make no mistake. CCX and CCFE will play a critical role in the tax and raid deal President Obama is pushing through Congress. And the founders stand to make a bundle. More than a bundle, a boatload, a metric boatload.
Interestingly, there was this Joyce Foundation in Chicago. On the board of directors, at the inception of CCX, was this guy named Barack Obama.
The Joyce Foundation, according to Fox News, gave more than $1 million in two separate grants that were "instrumental in developing and launching the privately-owned Chicago Climate Exchange."
At the time - 2001 - Obama was a professor at the University of Chicago Law School.
Also of note:
CCX's largest shareholder is Goldman Sachs.
Chicago Mayor Richard M. Daley is its honorary chairman.
The Joyce Foundation gave money to John Ayers' Chicago School Initiatives. John is the brother of William Ayers.
Fox News reports, "The President of the Joyce Foundation in 2000, when the foundation made its first grant to the Climate Exchange, was Paula DiPerna, who is now executive vice president of the Chicago Climate Exchange in charge of corporate recruitment and public policy, as well as president of CCX International.
"DiPerna left the foundation in November 2001 and joined the Exchange. It was the same year in which the foundation gave its second and much larger grant to the exchange. The Exchange finally launched in 2003."
OK, that's enough. I think you get the picture.
While he's serving on the board of a Chicago charity, Obama helped fund CCX which will be a huge player in the tax and raid scheme he's trying to push through Congress. At the same time he makes a bunch of his Chicago cronies crazy rich.
There's a lot more connecting of dots going on with CCX. I'm barely scratching the surface. You can read more here:
http://www.foxnews.com/politics/first100days/2009/03/25/obama-helped-fund-carbon-scheme/
Or just Google Chicago Climate Exchange. Be sure to check out Environmental Financial Products, LLC, an outfit owned by Richard Sandor, and its connections to CCX.
The value of Sandor's 8 million shares in CCX has grown to more than $260 million already and tax and raid isn't even mandatory - yet.
Yeah, that's some change you can believe in. And by change, I mean the jingly kind in your pocket.
And you thought only evil Republicans were scheming and greedy.
http://www.timesuniononline.com/main.asp?SectionID=2&SubSectionID=225&ArticleID=41385
The Times-Union newspaper office is located at the corner of Indiana and Market streets in downtown Warsaw.
Mailing Address:
Times-Union
P.O. Box 1448
Warsaw, IN 46581-1448
Telephone
574.267.3111
Sports/News Fax - 574.267.7784
Advertising Fax - 574.268.1300
E-mails:
News - news@timesuniononline.com
Sports - sports@timesuniononline.com
Classified Ads - classified@timesuniononline.com
Display Advertising - advertising@timesuniononline.com
Circulation - circulation@timesuniononline.com
7/17/2009 11:29:00 PM
Follow Money To See Who Wins In Cap And Trade
Gary Gerard
Times-Union General Manager
Somebody once said that if you really want to get to the bottom of an issue all you really need to do is follow the money.
So let's follow the money with regard to the Waxman-Markey American Clean Energy and Security Bill. That's ACES for short. Honestly, I think there is a whole bureaucracy in Washington coming up with acronyms.
The bill is more commonly known as the cap and trade bill. (I like tax and raid better.) The bill's center piece is a carbon-use surcharge that will be levied by the government to any entity that exceeds arbitrary carbon caps set by the government.
The money collected will be used - ostensibly - to fund "green" energy programs.
It's a twisted Robin Hood kind of deal. States like Indiana - where virtually all of our power generation comes from coal and manufacturing drives the economy - will be taxed to the hilt. Prices for everything will rise - especially utility rates - and jobs will be lost as manufacturers adjust for increased energy costs.
Places like California - where Silicon Valley types stare at computer screens coming up with green technology - will reap the benefit.
But in between, there has to be a vehicle to barter these carbon credits.
This is the follow the money part.
Enter CCX - the Chicago Climate Exchange. Go here chicagoclimatex.com to check it out.
Here are some excerpts:
Welcome to Chicago Climate Exchange: We are a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals through the following platforms.
CCX is North America's only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.
The commodity traded on CCX is the CFI contract, each of which represents 100 metric tons of CO2 equivalent. CFI contracts are comprised of Exchange Allowances and Exchange Offsets. Exchange Allowances are issued to emitting members in accordance with their emission baseline and the CCX Emission Reduction Schedule. Exchange Offsets are generated by qualifying offset projects.
Chicago Climate Futures Exchange (CCFE) is a landmark derivatives exchange that currently offers standardized and cleared futures and options contracts on emission allowances and other environmental products. CCFE is a wholly owned subsidiary of CCX.
CCX is 10 percent owned by the Generation Investment Management (GIM), a investment firm founded & chaired by Al Gore.
This firm was co-founded by the former Treasury Secretary under President George W. Bush and former Goldman Sachs CEO Hank Paulson.
Make no mistake. CCX and CCFE will play a critical role in the tax and raid deal President Obama is pushing through Congress. And the founders stand to make a bundle. More than a bundle, a boatload, a metric boatload.
Interestingly, there was this Joyce Foundation in Chicago. On the board of directors, at the inception of CCX, was this guy named Barack Obama.
The Joyce Foundation, according to Fox News, gave more than $1 million in two separate grants that were "instrumental in developing and launching the privately-owned Chicago Climate Exchange."
At the time - 2001 - Obama was a professor at the University of Chicago Law School.
Also of note:
CCX's largest shareholder is Goldman Sachs.
Chicago Mayor Richard M. Daley is its honorary chairman.
The Joyce Foundation gave money to John Ayers' Chicago School Initiatives. John is the brother of William Ayers.
Fox News reports, "The President of the Joyce Foundation in 2000, when the foundation made its first grant to the Climate Exchange, was Paula DiPerna, who is now executive vice president of the Chicago Climate Exchange in charge of corporate recruitment and public policy, as well as president of CCX International.
"DiPerna left the foundation in November 2001 and joined the Exchange. It was the same year in which the foundation gave its second and much larger grant to the exchange. The Exchange finally launched in 2003."
OK, that's enough. I think you get the picture.
While he's serving on the board of a Chicago charity, Obama helped fund CCX which will be a huge player in the tax and raid scheme he's trying to push through Congress. At the same time he makes a bunch of his Chicago cronies crazy rich.
There's a lot more connecting of dots going on with CCX. I'm barely scratching the surface. You can read more here:
http://www.foxnews.com/politics/first100days/2009/03/25/obama-helped-fund-carbon-scheme/
Or just Google Chicago Climate Exchange. Be sure to check out Environmental Financial Products, LLC, an outfit owned by Richard Sandor, and its connections to CCX.
The value of Sandor's 8 million shares in CCX has grown to more than $260 million already and tax and raid isn't even mandatory - yet.
Yeah, that's some change you can believe in. And by change, I mean the jingly kind in your pocket.
And you thought only evil Republicans were scheming and greedy.
http://www.timesuniononline.com/main.asp?SectionID=2&SubSectionID=225&ArticleID=41385
The Times-Union newspaper office is located at the corner of Indiana and Market streets in downtown Warsaw.
Mailing Address:
Times-Union
P.O. Box 1448
Warsaw, IN 46581-1448
Telephone
574.267.3111
Sports/News Fax - 574.267.7784
Advertising Fax - 574.268.1300
E-mails:
News - news@timesuniononline.com
Sports - sports@timesuniononline.com
Classified Ads - classified@timesuniononline.com
Display Advertising - advertising@timesuniononline.com
Circulation - circulation@timesuniononline.com
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