In DC, "Inevitable"
Fraud as Obama Jokes with JPM Chase, Meets Citi and ExxonMobil
Byline: Matthew Russell Lee of
Inner City Press at the UN: News Analysis
March 12 -- As President
Barack Obama promises to find and "call out" misuses of the stimulus
package, and to review the over 7,000 earmarks in the budget bill he
this week, the chairman of his Recovery Act's Transparency and
Board, Earl Devaney, told the Press of a "naive impression that given
amount of transparency and accountability called for by this Act, no or
fraud will occur... some level of waste and fraud is unfortunately
Accordingly, the same is true not only
at the United
Nations -- despite
Obama not mentioning the need for UN reform in his comments Tuesday
meeting Secretary General Ban Ki-moon -- but also with the bank bailout
of the Troubled Assets Relief Program. Nevertheless, Obama joked with
Chase's Jaime Dimon at the Business Roundtable's gabfest Thursday in
Washington. As a smaller banker asked the final question of Obama -- no
questions were taken after his meeting with the UN's Ban -- Obama said
banking has of late become complex, and that he could ask "Jaime"
Also on the White House's list of Roundtable
attendees was Citigroup's longtime
board member and now chairman Richard Parsons. Citigroup veered into
lending, JPM Chase at a minimum securitized it, while lending to payday
and pawnshops. What then is so funny?
Obama's successor as Senator from Illinois
Burris is said to have
a brother who is going through foreclosure. A well-known Representative
the state of Illinois, sponsoring a pro-industry payday lending
bill, has taken
over $10,000 from the lender QC Holdings. If this is how politics
will be in
the current Washington, predatory lending can be expected to continue.
Barack Obama, UN's Ban, Lincoln, predatory lending not shown
Below is the White House list of Business
Inner City Press went to question the International Monetary Fund, the
following colorful pool report issued next to the White House:
sdinan [at] washingtontimes.com
bfinkenbinder [at] who.eop.gov, AnnMarie_Tomasini [at] ovp.eop.gov
Thu, 12 Mar 2009 10:19:03 -0400
Pool No. 1 from ARRA conference
the White House and an audience member, the audience was a chief
officer, chief of staff or top budget official from each state. Biden
of 50 states sent someone, though he didn't say which state didn't. The
was EEOB 450, the auditorium-style room with the blue theater seats and
9:25 Sean McGrath, Deputy Director for the Office of Intergovernmental
gave a schedule of affairs that included a warning to the group.
some had been told there would be no press, and he told them in fact
press corps is here. It will be a smaller group in the back, and so all
comments will be on the record."
Secretary Chu and the vice president walked out at 9:43, both in dark
Biden had a green tie, Chu had a light blue necktie.
said from the energy standpoint, "we will have a wonderful chance to
the green economy works."
also said homeowners will be able to evaluate how well the work is
they open up their energy bill: "Our success or failure will be on the
page in black and white"
introduced the VP at 9:46, repeating Obama's claim from the address to
that "nobody messes with Joe." Chu called him "both the watchdog
and the bulldog."
will come, and please check these quotes against it, but here are the
highlights from Biden, who spoke from notes, not a teleprompter. He
said he and the president will announce regulations to control what
spending aren't allowed.
have asked a lot of the American people, a great deal of the American
supporting this effort and so this is a different deal. This is not
federal grant going to the state."
because it may be legal, it is not acceptable, some of it."
Sort of like predatory
Here is the White House list of Roundtable attendees:
From: "White House Press
Subject: List of CEOs Expected to
Attend Business Roundtable meeting with the President
Date: Thu, 12 Mar 2009 15:49:00 -0400
Below is a list of CEOs expected
to attend the Business Roundtable meeting with the President.
Stephen F. Angel, Praxair, Inc.
Alan L. Boeckmann, Fluor
Gregory H. Boyce, Peabody Energy
Gregory Q. Brown, Motorola, Inc.
Gary C. Butler, Automatic Data
Kenneth I. Chenault, American
James Cracchiolo, Ameriprise
Alexander M. Cutler, Eaton
Michael T. Dan, The Brink's
Daniel R. DiMicco, Nucor
James Dimon, JPMorgan Chase &
John V. Faraci Jr., International
G. Steven Farris, Apache
Eric C. Fast, Crane Co.
J. Brian Ferguson, Eastman
Daniel S. Fulton, Weyerhaeuser
James Goodnight, SAS Institute
William D. Green, Accenture
Evan G. Greenberg, ACE Limited
H. Edward Hanway, CIGNA
Lewis Hay III, FPL Group, Inc.
Edmund F. Kelly, Liberty Mutual
Jeffrey B. Kindler, Pfizer Inc
Ellen J. Kullman, DuPont
A.G. Lafley, The Procter &
John C. Lechleiter, Eli Lilly and
Steven F. Leer, Arch Coal, Inc.
Steven R. Loranger, ITT
Kathryn V. Marinello, Ceridian
Theodore A. Mathas, New York Life
Michael B. McCallister, Humana
Charles G. McClure, ArvinMeritor,
William L. McComb, Liz Claiborne,
Bill McDermott, SAP
Harold McGraw III, The
Charles W. Moorman, Norfolk
Anne M. Mulcahy, Xerox
Ronald L. Nelson, Avis Budget
Thomas C. Nelson, National Gypsum
George Nolen, Siemens Corporation
Marvin E. Odum, Shell Oil Company
Dinesh C. Paliwal, Harman
International Industries, Inc.
Samuel J. Palmisano, IBM
Richard Parsons, Citi
Antonio M. Perez, Eastman Kodak
Bernard Poussot, Wyeth
Kendall J. Powell, General Mills,
James H. Quigley, Deloitte Touche
David M. Ratcliffe, Southern
Matthew K. Rose, BNSF Railway
Wilbur L. Ross, WL Ross & Co.
Edward B. Rust Jr., State Farm Insurance
Dean A. Scarborough, Avery
Ivan G. Seidenberg, Verizon
David B. Snow Jr., Medco Health
Theodore M. Solso, Cummins Inc.
Lee J. Styslinger III, Altec,
Michael H. Thaman, Owens Corning
Kent J. Thiry, DaVita Inc..
Rex W. Tillerson, Exxon Mobil
James S. Turley, Ernst &
Daniel C. Ustian, Navistar
G. Richard Wagoner Jr., General
Michael J. Ward, CSX Corporation
Ronald A. Williams, Aetna Inc
Greenberg of ACE, of course, is the son
of Hank Greenberg of AIG and bailout fame. Siemens is embroiled in a
scandal. ExxonMobil is among those which have successfully lobbied
Administration to soften on Myanmar, to let them go for gas and oil
click here for that story. And so it goes in Washington.
Click here for Inner City
Press' Feb 26 UN debate
12 debate on Sri Lanka http://bloggingheads.tv/diavlogs/17772?in=11:33&out=32:56
Click here for Inner City Press' Jan.
16, 2009 debate about Gaza
Click here for Inner City Press'
review-of-2008 UN Top Ten debate
Click here for Inner
City Press' December 24 debate on UN budget, Niger
Click here from Inner City Press'
December 12 debate on UN double standards
Click here for Inner
City Press' November 25 debate on Somalia, politics
Click here for Inner City
Press Nov. 7 debate on the war in Congo
Watch this site, and this Oct. 2 debate, on
UN, bailout, MDGs
and this October 17 debate, on
Security Council and Obama and the UN.
* * *
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