The Cody Word
  • December 15, 2008 12:12 PM EST by Cody Willard

    Illuminating the Illuminati: Charles Schumer and Barney Frank Are Owned By The Big Banks

    Here's a winning formula for our society, wouldn't you agree? Let's entrust our politicians to regulate an industry, then have the heads of that industry become the bureaucrats who are entrusted to carry out those regulations, and when things go wrong from all that cronyism, let's have give tons of welfare money to the giant corporations in that industry which can then use that money to donate to their politicians who can then win votes to continue to regulate that now insolvent industry.

    The executives and managers at Citigroup (C), Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS) and the rest of the big Wall Street corporations -- including Chuck Prince and Hank Paulson -- lied to all of us for years about the value of their assets. A lot of those guys who used to run the banks are now charged with regulating and/or doling out trillions of dollars in welfare to their former partners. Yeah, these bankers sucked trillions of dollars in "earnings" built upon those lies out of the economy and instead of saving those trillions for a rainy day when their lies stopped working, they paid themselves and a few of their closest friends most of that money in bonuses and salaries.

    And who was "regulating" all of this gamesmanship? Your socialist Republican/Democrats, of course. Including Barney Frank and Chuck Schumer.

    These are the same guys that you think are going to fix the mess they and their cronies have created. Why do I call Frank and Schumer and the banking industry a bunch of cronies?

    Let's think this through for a minute here....Charles Schumer has taken in more than $6 million in donations from the bankers on Wall Street. Then Schumer takes a trillion dollars of welfare money that could have gone to feed starving children in West Virginia, and instead, gives that welfare to these same bankers, who I continue to point out should be in prison for either fraud or criminal negligence, who "donated" him $6 million.

    Now that Citigroup and the rest of the companies who have destroyed our economy didn't get shut down and broken apart and punished badly for their crimes, but instead have been able to restock their balance sheets with the welfare they just got, they'll be able to continue to "donate" millions to the very guys who were supposed to have stopped them from destroying our economy (and should be fighting to punish the crooks now)....

    Any donations to any politician from any bank or company or industry that's gotten welfare payments should be immediately suspended and donated to the US budget deficit. After all, without the welfare from the government these companies wouldn't be able to "donate" to the politicians who then give them the welfare they've just received from the politicians they just donated to.

    --

    And then of course there was last night's puff piece on Barney Frank from CBS' 60 Minutes last night. Does it make you sleep better at night knowing that yet another Harvard grad who's spent 14 terms (count 'em baby!) supposedly regulating the investment banks which have destroyed our economy through their fraud and incompetence is on the job still? Surely it makes you feel better to know, at least, that despite have taken countless donations from Fannie Mae (FNM) and Freddie Mac (FRE) and even having an ex-lover who was a Fannie Mae executive, he was right on top of regulating this company until it shocked him with its collapse this year.

    And certainly you'll sleep better tonight knowing that, according to CBS's Lesley Stahl that "It's no wonder that when "saber tooth" the liberal [Frank] took over the committee that oversees banking, Wall Street shuddered. But two years later, even the most hardened Republicans give him good reviews."

    In the two years he's been overseeing the banking industry, it's utterly collapsed and been nationalized and we've even had to give trillions in welfare to the banking industry itself. Who's giving this "good reviews"? Oh, that's right, the same banking industry and its cronies...

    Listen to what the financial community says: "Here’s Henry Paulson on Barney Frank: 'He’s a market savvy pragmatist who looks for areas of agreement because he wants to get things done.' Here's a guy from JP Morgan Chase. He said, 'He hasn’t veered off into crazyland.' Meaning liberalism. I've heard someone describe you this way. You're liberal on social issues. You're a pragmatist on economic issues," Stahl remarks.

    The guy at JP Morgan, which just received billions in welfare payments from Barney and Paulson doesn't think rewarding those crooks like himself who have destroyed our economy with their lies and incompetence doesn't think that's "crazyland". Hellooooo?! Earth to JP Morgan exec!

    You guys thought I was joking about calling these bankers and the politicians they obviously own the "Illuminati". Here's a definition of Illuminati:

    Illuminati - individuals who are part of a secretive, historical organization that is comprised of mostly influential members with political and/or financial clout.

    Schumer, Frank, Paulson, Bush, McCain, Palin, Pelosi, Obama and every single other politician and bureaucrat who has taken money from these crooks/insiders/bankers and then gave welfare money to these crooks/insiders/bankers are part of the problem. They are, by definition, part of the Illuminati.

    I repeat -- Any donations to any politician from any bank or company or industry that's gotten welfare payments should be immediately suspended and donated to the budget. After all, without the welfare from the government these companies wouldn't be able to "donate" to the politicians who then give them the welfare they've just received from the politicians they just donated to.

    PS. Let's shoot for some levity? Complete one or both of these lines and post your answers in the comments area of my blog --

    How do you tell the difference between a bureaucrat and an investment banker?

    How do you tell the difference between someone who survives on Medicaid and someone who survives on TARP?

    Survive this economic revolution at http://RevolutioNewsletter.com
    Read my blog at http://codywillard.com
    Facebook me at http://www.facebook.com/profile.php?id=763890180
    Myspace me at http://www.myspace.com/codyonfox

TexasGirl

BFT someone in the media is drawning attention to the trend setters of this economic mess and the REAL direction the intoxic waste is flowin from. I am sick-n-tired of some banker, broker, realestate agent, government offical, democrate, republican, mortgage company, mortgage service company and anyone else in the finacial investment market, blamin it all on the indivduals that simply wanted a roof over their heads TOO!!!! But because of their basic need of shelter they where taken advantage of by these greedy self-servin people we are suppose to be able to trust with our future!!!

December 15, 2008 at 12:48 pm

TexasGirl

PS.... NO - i have not lost my house YET!!! But i am sure they will do their very best in the effort of their current endeavors, since they have a "take no prisoners" policy in effect .....

December 15, 2008 at 12:51 pm

Bryan P. Pogodzinski

Dude, Right on agian! These idiots need to be impeached! Keep spreading the word and maybe, just maybe we will wake up and kick these people (I use that term very loosely) in the @$$. P.S. Why don't I ever see Busch Light being serve on Happy Hour?? That's all we can aford here in Michigan and it's now being TAXED! I can't even get a cheap drunk on anymore. I guess it's back to the koolaide thing, just like in the Desert. Keep up the great work

December 15, 2008 at 12:51 pm

A Capitalist

How do you tell the difference between a bureaucrat and an investment banker? 1) The investment banker doesn't run for re-election. 2) Bureaucrats are better liars. How do you tell the difference between someone who survives on Medicaid and someone who survives on TARP? The TARP crowd gets more stimulus from BFF (Best Friend Forever) Barney Frank, the home stimulus package.

December 15, 2008 at 1:13 pm

Bill M

Right On Cody. I'm on your side, lets start a Cody Willard for US Senate! Why is the congress that has 17% approval rating making any decisions. Go on a paid leave of absense for the next 6 years, everything will be okay people.

December 15, 2008 at 1:22 pm

Umpire

Many of the people accepting sub-prime and teaser loans paid less monies for housing over the last 2 to 3 years than they would have if they had rented. I've seen some of these foreclosed properties and the loses to the financial system are way underestimated. The costs of refurbishing/repairing/selling hasn't entered the equation yet. These costs will be additional out of pocket expenses that devalue the mortgage paper further.

December 15, 2008 at 1:35 pm

Robert

How do you tell the difference between a bureaucrat and an investment banker? 1) The bureaucrat is giving away my money. The investment banker is taking my money. 2) The bureaucrat is asking "How much do you want?". The investment banker is asking "How much can I have?". How do you tell the difference between someone who survives on Medicaid and someone who survives on TARP? Medicaid person wants help to survive. TARP person wants us to pay for their screw ups. (Kind of weak, but the idea is there.)

December 15, 2008 at 1:35 pm

Blarg D Impaler

"How do you tell the difference between a bureaucrat and an investment banker?" 1) By what side of the room they sit in during senate commitee hearings. 2) How many rows of teeth show when they smile. 3) Whether the bodyguards have short haircuts and bad suits, or good suits and bad haircuts. "How do you tell the difference between someone who survives on Medicaid and someone who survives on TARP?" The person surviving on Medicaid doesn't show up in a limo and the person survivng on TARP has a better looking "nurse."

December 15, 2008 at 1:47 pm

David Bloomburg

Can't you take the exact same commentary and apply it to the bailout of the U.S. Auto makers....by Pelosi? It's simply payback time for the initial money used in the campaign... I liken the Automakers to the movie "Weekend at Bernies". Only GMAC will be playing the part of Bernie.. Congress will be the guys propping Bernie up as though he was alive with bailout money. And we'll be playing the part of the party goers who don't really realize that Bernie is dead (so congress thinks...)

December 15, 2008 at 1:50 pm

33rd Degree E

Not good at punch lines...but next time he's on Happy Hour, maybe you could ask Mortimer Zuckerman, Chairman, U.S. News and World Report and Trilateral Commission member some questions regarding his ties with this historical organization comprised of mostly influential members with political and/or financial clout. In hindsight, last week's Happy Hour interview seemed to be somewhat of a puff piece. I agree with the ideas you set forth, I would just like to see someone take it to the next level when given the opportunity.

December 15, 2008 at 2:03 pm

Blake

All of these SOBs in Congress need a reality check: The receiving end of a swift kick in the butt. What are we doing here? We are falling apart and no one is minding the store. ATTENTION AMERICA: We are getting screwed by our federal government. Unless we take measures soon to remove these idiots, we better figure out a way to live very austere lives.

December 15, 2008 at 2:15 pm

Charlie Bravo

Cody misses an important point. The Bush administration repeatedly tried to reign in FNM and FRE as early as 2003. But Barney Frank, Chris Dodd and other democrats repeatedly dismissed the allogations that the two were out of control and instead attacted and impuned the regulators. That speaks volumes about their motivations. Now Barney is surprized? I guess we know what the B.S. stands for in CBS.

December 15, 2008 at 2:22 pm

Andy

“How do you tell the difference between a bureaucrat and an investment banker?” Honestly, you can't tell the difference because they both spew the same BS and steal from the taxpayers. “How do you tell the difference between someone who survives on Medicaid and someone who survives on TARP?” One has to eat cat food and imagine it is steak the other feeds their cat steak (guess who is who).

December 15, 2008 at 2:33 pm

nor

When is someone going to get positive? All anyone wants to do is make sure that our country is driven down as far as possible. What ever happened to the enthusiasim we had during WWII with songs and speaches of hope for our country. If the media and the incompetents in charge of all this continue to try to convince the American public that we are going to fail......guess what?????.....we will. Someone please come forward and encourage us to hang in there and do what we can as individuals to help our country out of the perseaved mess.

December 15, 2008 at 2:51 pm

Trader55

The only thing that will bring this corruption to an end is a tax revolt. Stop sending them money. A radical idea, but fixing the system from within isn't really working out.

December 15, 2008 at 3:42 pm

JAF

Uh, what money has PALIN ever taken as Governor of Alaska from the mortgage companies?!! If anything she destroyed her fellow corrupt Republican politicos in Alaska and she lives in a middle class house outside of Juneau. It is just wrong to include her as part of the illuminati like the other scoundrels..

December 15, 2008 at 3:51 pm

M

BAD CODY !!! BAD CODY !!! Watching CBS ??????? Surely the tuner on your TV must get other channels. Vince selling SHAM WOW , makes for better television. ( By the way.., why is it that Vince keeps saying " we can't do this all day " ? ). But back to business. What I observe, is that once a Democrat gets elected, he/she doesn't want to hear from you again..,UNLESS you agree with their position.NOBODY wanted to bail out Wall Street.., but who was in charge of Congress and went ahead and did as THEY pleased ? People oppose bailing out Detroit.., and what party controls congress that is going to go ahead and get it done DESPITE what YOU want. ( Don't ask me why BUSH is getting involved. Maybe Joe Lieberman talked him into becoming a lame duck Independent ). My point is, the REAL problem , is that those elected don't fell ANY obligation to "represent". Once elected, the position is theirs to do with as they please. THAT'S what's wrong.

December 15, 2008 at 4:19 pm

mwig

something needs to happen, way too much cronyism going on, Paulson always seems to me that he feels like he is above questioning, just take his word and don't ask questions. Frank has been and always will be a complete loser, I see him and think "moron". But as long as we have thousands of people with an entitlement attitude, he and other liberals will continue to get re-elected.

December 15, 2008 at 4:22 pm

Eric W

The United States has the dumbest voters in the world. Schumer and Frank are returned to office time and again by the folks in New York and Massachusetts respectively. Both men are crooks and should be in jail yet the people blindly pull the voting machine levers for these two dopes. It is truly amazing!

December 15, 2008 at 4:24 pm

The J

I agree with JAF that Palin wasnt given the oppotunity to get banking money. I doubt she would refuse it and the point was that this isnt a this ideology vs that ideology issue, it crosses the borders of political parties. You cant only condemn one party. Difference between surviving on Medicaid and TARP - Medicaid patients dont take their limo or private jet to the Medicaid office to pick up their check then give a large percentage back to the beurocrat that just handed him the check. Although I did once watch the ODB take his limo to the welfare office while drinking crystal to pick up foodstamps.

December 15, 2008 at 4:30 pm

CAG

I agree with JAF with regards to Palin. I don't see how you can include her here unless you lump in the contributions to the Presidential campaign. But I think that should be put on McCain. As far as the rest of this goes, I agree completely! The bottom line is that until we are able to break the lock hold these two parties have on Washington we are screwed.

December 15, 2008 at 5:38 pm

Ra King

Mr. Willard I wish to side step your article somewhat. Instead of people worrying about a persons IRS records prior to being elected to office, I suggest it should be known who belongs to the secret societies and some not so secret, that are for a one world government, and a one world bank. I think these members would pop up in the arenas you are highlighting here.

December 15, 2008 at 5:42 pm

Aglo MA

Nor and people who want positive message. We need positive messages. I am looking for it in the news every day but can't find it. How long is this going to last? Well, I am about to loose my house after my husband lost his job. AND I am not just going to sit and wait for it. I am sending letters to ALL in congress, to all in senate. IF ALL AMERICANS WOULD DEMAND ACTION - IF ALL AMERICANS WOULD SHOW THAT ENOUGH IS ENOUGH - please belive me, even old politicians will need to do something. As long we all say 'I can't change the system' then the system will stay the same. Wake up people! Call the senators, call the congressman/women and ASK / DEMAND action for the American people. WE ARE BEEING TAXED FOR GERERATION into the future so CITI can recieve our tax money so they can stay in business to take our houses and fill America w. homelessnes! How screwd up is that??

December 15, 2008 at 5:49 pm

hks

Cody, Thanks for your observations. I watch your show and read your blog to 'hear' a voice of sanity. I fear we are on a path that will be difficult to change in the short term. If you have ideas on how to effectively stop this train - please share. We know there will be consequences from the governments actions and likely not positive. It is not too early to start discussing a long term strategy with short term actions we the people can execute to get our country back. I propose there is still power in the vote and would really like to see a block of like minded citizens willing to serve run for office. How about it Cody - help sponsor the first conference of a new party...and let's elect people for the people by the people.

December 15, 2008 at 6:17 pm

nor

Anglo MA I will join you in a letter writting campaign. Have already started but to no avail yet. Will continue. Best of luck with your house and a job for your husband. Come on America. We can turn this thing around if we will just get involved.

December 15, 2008 at 6:28 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

most popular posts