What’s a week without more suspicious Solyndra news? This should be enough to get us by until the inevitable almost weekly document dump that could come tomorrow.

From the Washington Times:

Fast running out of money, solar-panel maker Solyndra LLC last summer sold off nearly $60 million worth of inventory for less than $20 million in cash to a newly formed corporate entity closely tied to the company’s biggest investors, records show.

Backed by $535 million in federal loan guarantees but burning through the little cash it had left, Solyndra made its first sale in late July to a corporate entity that had been formed just a day earlier. Three more transactions followed over the next few weeks with the same buyer, Solyndra Solar II.
[...]
Todd Zywicki, bankruptcy professor at the George Mason University School of Law, said it’s not unusual for troubled companies to sell off assets to improve liquidity. But he said the inventory sales figure cited by Solyndra — $58.1 million in inventory for $17.5 million in cash — seems unusual.

“The test under the bankruptcy code is whether the sale was for reasonably equivalent value and selling inventory at such a huge discount raises real concerns,” he said. “If Solyndra Solar II is owned or controlled by any insiders or anything like that, then it becomes even more suspicious.”

No word on how much the whistling robots were re-sold for.

Would the aforementioned bankruptcy professor consider these to be “insiders”?

Solyndra Solar II was formed in Delaware by affiliates of Solyndra’s debtor in possession lender — investors Argonaut Private Equity and Madrone Capital Partners — as well as other debt holders, bankruptcy and government records show. Another special-purpose entity, Solyndra Solar LLC, was formed to purchase the company’s accounts receivable.

Argonaut is the investment arm of a foundation headed by billionaire Oklahoma businessman George Kaiser. Madrone Partners has ties to Wal-Mart’s Walton family.

The real test is to wait and see if Solyndra Solar II (Electric Boondoggleoo) sells that inventory for which they paid $17.5 million back to the government for ten times that amount so the Department of Energy can offer it to the next clean energy upstart taxpayers will be on the hook for and thus complete the “green jobs circle of life.”

Obviously glass tubes used in solar panels must have not been in demand during the resale process. Your tax dollars at work:

**Written by Doug Powers

Twitter @ThePowersThatBe

Super PAC-men: Obama’s bundlers gone wild!
by Michelle Malkin
Creators Syndicate
Copyright 2012

The White House didn’t blow a dog whistle for deep-pocketed liberal donors on Monday. No, the administration whipped out a supersized vuvuzela. Blaring message: Let loose the campaign finance-bundling hounds of super PAC war!

President Obama’s campaign manager, Jim Messina, who served as White House deputy chief of staff for operations before assuming 2012 re-election duties, announced the super PAC super-flip-flop in a mass e-mail to supporters and a blog post published on the left-wing Huffington Post website. In a related conference call to major campaign finance bundlers, Messina encouraged these high-dollar donors to start funding Priorities USA Action. That’s the Democratic super PAC founded by former White House staffers Bill Burton and Sean Sweeney.

Super PACs and campaigns are barred from coordinating with each other. Nevertheless, Messina said that “senior campaign officials as well as some White House and Cabinet officials will attend and speak at Priorities USA fundraising events.” Of course, they “won’t be soliciting contributions.” Wink-wink, nudge-nudge.

This brazen about-face for Team Obama is a goldmine of campaign lies, contortions and epic hypocrisy. Let us count the ways.

– A bundle of contradictions. “Bundling” is the rustling up of aggregate contributions from friends, business associates and employees, a practice to circumvent individual donation limits that Obama has long condemned. When he announced his presidential intentions in 2007, candidate Obama decried “the cynics, the lobbyists, the special interests who’ve turned our government into a game only they can afford to play.” He indignantly singled out “the best bundlers” who get the “greatest access” to power.

Last week, Obama acknowledged raising at least $74 million through his team of big-time bundlers who have been showered with access, tax dollars and plum patronage positions. This elite group of Hollywood celebrities (such as open-borders actress Eva Longoria), political cronies (such as Chicago bagman Louis “The Vacuum” Susman) and politically correct businessmen (such as bankrupt Solyndra investor George Kaiser) now totals a whopping 445 gold-card members.

– The roar of the revolving door. In his Monday announcement, Messina bragged about how the White House has enacted “sweeping” reforms to “close the revolving door between government and lobbyists.” In truth, the administration has widened the carousel and removed the brakes. The Obama-cheerleading Fishwrap of Record (The New York Times) itself identified at least 15 bundlers “involved in lobbying for Washington consulting shops or private companies.”

Moreover, “at least 68 of 350 Obama bundlers for the 2012 election or their spouses have served in the administration in some capacity; at least 250 of the bundlers visited the White House, and another 30 have ties to companies that conduct business with federal agencies or hope to do so in the future,” according to a recent iWatch News report. Several first-time 2012 bundlers already have snagged administration posts:

– Norma Lee Funger, of Potomac, Md., who raised between $50,000 and $100,000 for Obama, was appointed last month to the board of trustees of the John F. Kennedy Center for the Performing Arts.

– Glenn S. Gerstell, of Washington, D.C., who bundled the same amount, was appointed to the National Infrastructure Advisory Commission last fall.

– Richard Binder, of Bethesda, Md., another $50,000 to $100,000 bundler, was appointed to the Advisory Group on Prevention, Health Promotion, and Integrative and Public Health last spring.

And note: The most transparent administration ever still refuses to disclose recusal orders involving the nearly 100 lobbyists and ex-lobbyists on its payroll.

– Super PAC super-hypocrisy. “Super PACs” are federal political action committees that only make independent expenditures in support of, or in opposition to, candidates. Their birth and growth were fueled indirectly by the Supreme Court’s Citizens United vs. Federal Election Commission (FEC) ruling in 2010. The decision overturned severe campaign finance restrictions that essentially criminalized certain forms of political speech. As Chief Justice John Roberts put it during oral arguments: “We don’t put our First Amendment rights in the hands of FEC bureaucrats.”

Until this week, the Obama administration vehemently condemned the Citizens United decision and vowed to eschew super PACs. The entities are a “threat to our democracy,” Obama railed two years ago. The ruling would “open the floodgates for special interests,” he warned. And last July, Obama campaign press secretary Ben LaBolt kept talking the anti-super PAC talk. “Neither the president nor his campaign staff or aides will fundraise for super PACs,” he asserted. Now? President Obama and his wife won’t fundraise for the democracy-undermining super PACs. But countless other Cabinet members and advisers, partying with Obama bundlers gone wild, will.

In 2007, Obama lambasted rival Democratic presidential candidate John Edwards for criticizing independent expenditures while raking in big PAC bucks: “So you can’t say yesterday you don’t believe in them, and today you have three quarters of a million dollars being spent on you. You can’t just talk the talk.”

Obama 2012 campaign motto: Empty talk? Yes, we can!

Scroll for updates…

Forget Klownald Trump. This is your story of the day. Attorney General Eric Holder is on Capitol Hill day, facing another round of questions from relentless GOP watchdogs led by House Oversight and Govenrment Reform chair Darrell Issa.

You can watch the proceedings live on CSPAN online here.

The grilling comes as Border Patrol agent Brian Terry’s family files suit against the lying ATF:

The family of slain U.S. Border Patrol Agent Brian Terry charged Wednesday that the top federal prosecutor in Phoenix lied to them about the guns found at the crime scene in an attempt to hide the weapons’ connection to the ATF’s failed Fast and Furious gun-tracking operation.

Terry was killed in December 2010, allegedly by Mexican bandits carrying at least two AK-47 semiautomatic rifles that had been purchased in Arizona as part of Fast and Furious. The operation was intended to catch drug lords using illegal weapons, but the ATF immediately lost track of 1,700 firearms.

The Terry family alleged that then-U.S. Atty. Dennis K. Burke told them last March that the two weapons came from a store in Texas and were not part of Fast and Furious.

The family made their allegations in a “notice of claim” stating that they intend to sue the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Justice Department for $25 million. They called the gun-tracking operation “abominable, reckless, nonsensical.”

Burke has resigned and has declined to discuss Fast and Furious. But the family’s claim notice strongly suggests that the federal government initially sought to keep Fast and Furious under wraps and hoped it would not be linked to the slaying.

House GOP leaders repeat what whistleblowers have been telling us from the start: Top White House/DOJ knew. They knew:

Top Department of Justice officials had extensive knowledge of and involvement in Operation Fast and Furious, claims a new report released Thursday, hours before Attorney General Eric Holder’s scheduled testimony to the House Oversight and Government Reform Committee.

The report released by Rep. Darrell Issa, R-Calif., and Sen. Charles Grassley, R-Iowa, top lawmakers investigating the botched gunrunning operation, claims Justice Department officials in Washington and the Bureau of Alcohol, Tobacco, Firearms and Explosives were involved in the coordination in the early stages of the operation.
Related Interactive

Report released by Issa and Grassley on Fast and Furious

Republican lawmakers Rep. Darrell Issa (R-Calif.) and Sen. Charles Grassley (R-Iowa) released a new report suggesting top Department of Justice officials had extensive knowledge of and involvement in Operation Fast and Furious.

Justice headquarters “had much greater knowledge of, and involvement in, Fast and Furious than it has previously acknowledged,” the memo reads.

Rep. Issa’s preview statement in the advance of the hearing is here:

ate last year, after months of investigation, the Justice Department finally acknowledged the allegations were true. Fast and Furious was both reckless and flawed.

The Justice Department, however, has been less than forthcoming in cooperating with the efforts of Congressional investigators to determine exactly what happened and who was responsible:

• The Justice Department has delivered fewer than 8% of the 80,000 documents we know it has identified as being related to this flawed operation.

• It has refused to allow investigators access to numerous witnesses who participated in the operation – one witness, after being served with a subpoena, invoked his Fifth Amendment right to protection against self-incrimination rather than answer questions.

• Justice Department now asserts that many documents pertaining to internal discussions and decision making about its response to Operation Fast and Furious are off-limits to investigators.

The American people deserve better from our nation’s top law enforcement agency. Thursday’s hearing will feature the nation’s top law enforcement official, Attorney General Eric Holder, who will be asked to explain his decision to withhold this factual evidence from investigators. What he is concerned this information would reveal? Why is the Department trying to keep its internal discussions about Operation Fast and Furious from after February 4, 2011 secret? Why did it take nearly nine months for the Justice Department to acknowledge its earlier denials were false? Why did senior Justice Department officials who knew about and received briefings on the operation fail to stop it? Should Americans have confidence in their chief law enforcement agency even though these same officials remain in their posts?

There is now broad bipartisan agreement that the congressional investigation into Operation Fast and Furious has exposed a serious and deadly failure of government. We know that the life of a brave Border Patrol agent has been lost along with countless Mexican citizens who have been victimized by guns from Operation Fast and Furious. Attorney General Holder has acknowledged that the danger created by Fast and Furious will continue for years.

This hearing is not about controversial struggles between gun control advocates and supporters of the Second Amendment. It is about the unifying, and what should be bipartisan, expectation that the Justice Department be held to a high standard and that those who failed to meet this standard should be held accountable. I look forward to Attorney General Holder’s testimony.

After Issa threatened contempt charges against the Department of Justice Obstructionists, DOJ responded with…more obstruction:

The Justice Department response Wednesday rejected Issa’s February 9, 2012, deadline to produce all demanded documents. Cole called the deadline “impossible” to meet because of the broad scope of the request.

He did not directly refer to the threat of a contempt charge by Issa.

…The hearing Thursday will not be the end of the battle over Operation Fast and Furious. The Justice Department’s inspector general continues to work on a detailed account of the origins of the operation, and who was involved. The report is not expected to be complete for at least a couple more months.

Holder has promised when it is completed, he is prepared to make individuals accountable. But Holder says he has no plan to seek resignations or administer discipline until that report is complete.

The corruption keeps piling up. Matthew Boyle has a hard-hitting investigative piece in the Daily Caller exposing yet another DOJ scandal involving alleged bribery of top officials involved in a financial fraud probe:

A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives who were indicted under court seal within the past 13 months, but never arrested or prosecuted.

The sitting governor of the U.S. Virgin Islands, his attorney general and an unspecified number of Virgin Islands legislators also accepted bribes, the source said, adding that U.S. Attorney General Eric Holder is aware prosecutors and elected officials were bribed and otherwise compromised, but has not held anyone accountable.

The bribed officials, an attorney with knowledge of the investigation told TheDC, remain on the taxpayers’ payroll at the Justice Department without any accountability. The DOJ source said Holder does not want to admit public officials accepted bribes while under his leadership.

That source said that until the summer of 2011, the two compromised prosecutors were part of a team of more than 25 federal prosecutors pursuing a financial crime ring, and at least five other prosecutors tasked to the case were also compromised by the criminal suspects they were investigating, without being bribed.

Washington knew what it was getting when it confirmed corruptocrat Eric Holder. Innocent people have paid with their lives. Ignoring this man and his boss’s utter, systematic contempt for the rule of law has yielded deadly consequences.

America, let’s not make that mistake again.

***

Update:Go to my Twitter account for live-tweeting of the hearing.

Most jaw-dropping moment so far: Indignant Holder demanding he get “credit” for his work at DOJ.

Running joke: Every time gun-control Democrats call for more “tools.” There are plenty enough of them in charge in Washington.

Side note: Donald Trump stepping on this important hearing tells you everything you need to know about his purported interest in advancing conservative/GOP interests. Circus, circus.

Video clips:

GOP Rep. Issa’s opening statement:

GOP Rep. Patrick Henry underscores that there’s been no accountability for 13 months:

GOP Rep. Anne Marie Buerkle confronts Holder with Terry family’s plea for action. At the five-minute mark, you can’t hear it, but Democrats advised Holder: “Don’t answer:”

Back in November, I spotlighted Obama’s half-billion-dollar crony drug deal involving a no-bid contract with politically-connected SIGA.

Refresher course here.

In November, Democrat Sen. Claire McCaskill — chair of the Senate Subcommittee on Contracting and Oversight and up for re-election in less than a year — asked HHS to review the contract.

Last week, the NYPost reported that SIGA execs dumped stock when they learned the contract would be far less than they anticipated last spring.

Today, GOP Rep. Renee Ellmers of North Carolina asked the HHS Inspector General to investigate:

“Yesterday afternoon I submitted my second letter to the Inspector General at the Department of Health and Human Services regarding apparent gross impropriety on behalf of the Obama Administration.”

MacAndrews & Forbes Holdings, Inc. is a corporation wholly owned by Ronald Perelman, and TransTech Pharma, Inc. (a privately-held drug discovery company controlled by MacAndrews & Forbes). In November 2003, Perelman announced he would invest $10 million through MacAndrews and Forbes into SIGA Technologies – at the time a tiny biotech company that was developing oral drugs to prevent and treat diseases, including smallpox and anthrax.

Scandals? What scandals?

Obama’s Green Robber Barons
by Michelle Malkin
Creators Syndicate
Copyright 2012

Had enough of fat cat Barack Obama, his jet-setting wife and his multi-millionaire Chicago consigliere/real-estate mogul Valerie Jarrett attacking the “rich”? Well, brace yourselves. You’ll be hearing much more from the White House about the “wealthy few” who aren’t paying their “fair share” as Obama’s re-election campaign doubles down on class-war demagoguery.

As usual, there’s always a set of immunity charms for the privileged friends and family of the ruling class. When it comes to all the Green Robber Barons who’ve reaped an obscenely unfair share of billions of tax dollars from the Obama administration, the envy trumpeteers will be quieter than a nest of mute church mice.

Obama’s State of the Union address defiantly pitched a new round of clean energy spending orgies to help the “middle class.” But how have the serial bankruptcies and near-bankruptcies of several federally subsidized solar companies — all under Obama’s watch — helped anyone but an upper-crust elite of eco-crats and their lobbyists and consultants?

Bankrupt Solyndra, billionaire George Kaiser. In the wake of the half-billion-dollar Solyndra stimulus bust, company officials revealed plans to hand out hefty bonuses totaling $500,000. Months before the politically connected solar energy manufacturer went belly up, it was doling out bonus payments of between $40,000 and $60,000 to several executives. Last week, a local CBS News crew caught employees at the Silicon Valley headquarters trashing solar panel glass tubes worth an estimated $10 million.

The now-abandoned Taj Mahal complex cost ordinary Americans more than $733 million. But billionaire Democratic donor and frequent White House guest George Kaiser, whose nonprofit foundation was Solyndra’s biggest investor, is still sitting pretty. He and the other private investors of Solyndra will recoup their losses ahead of taxpayers. And while they blast their GOP opponents, double-standard Democrats will remain AWOL on the glaring tax-avoidance strategies of the wealthy Kaiser Family Foundation.

Bankrupt Beacon Power, fat Democratic coffers. This green energy storage plant filed for bankruptcy last fall after a $43 million injection of Obama Department of Energy loan guarantees. Federal election record filings show that CEO William Capp contributed to the 2008 Obama campaign, as well as several left-wing New England Democratic candidates. Beacon Power lobbyist Steve Wolfe was a former aide to the late Sen. Ted Kennedy. Beacon sought bankruptcy shelter two days after the White House responded to fiscal watchdogs’ demands for a review of the DOE’s shoddy loan monitoring programs.

Bankrupt SpectraWatt, red-faced Goldman Sachs. A solar cell company based in New York, SpectraWatt went belly up last August despite a half-million-dollar federal stimulus boost and lucrative backing from politically connected Goldman Sachs — whose ties reach deep into the Obama Treasury Department, Commodity Futures Trading Commission, White House National Economic Council and 1600 Pennsylvania Ave. itself. The eco-failure was dumped in a fire sale for less than $5 million.

Teetering Nevada Geothermal, cheerleading Harry Reid. Despite $150 million in federal DOE and Treasury Department subsidies — not to mention personal lobbying by Senate Majority Leader Harry Reid — this alternative energy project is on the brink of failure. A Deloitte and Touche audit grimly concludes that the company “has incurred net losses over the past several years, has an accumulated deficit of $44.0 million and an anticipated inability to retire its long-term liabilities.” According to CBS News, the company’s latest SEC filings warn of multiple defaults.

My scouring of White House visitor logs shows nine visits from another Green Robber Baron, Illinois-based Exelon’s CEO John Rowe, who met with the president and former chief of staff Rahm Emanuel multiple times. As Forbes magazine reported: The clean energy company “has very deep ties to the Obama Administration. Frank M. Clark, who runs ComEd, helped advise Obama before he ran for president and is one of Obama’s largest fundraisers. Obama’s chief political strategist, David Axelrod, worked as a consultant to Exelon. Obama’s chief of staff, Rahm Emanuel, helped create Exelon” — where he raked in more than $16 million over two years.

Remember: “Fairness” is in the eye of the wealth redistributors.

THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
January 23, 2012

Air Force One Estimated Departure time: 6:35 p.m. MST

The visit comes just as the state of Arizona launches its own investigation of Barack Obama’s bloodiest scandal…

…and just as a top DOJ prosecutor invokes the 5th, while the water-carrying media spins.

GOP leaders Boehner and Cantor won’t demand Holder’s resignation.

Hopefully, there are citizen activists in Arizona who will make sure Obama doesn’t get away with whitewashing Fast and Furious on his visit.

Obama’s “Razist” Lobbyist Moves Up
by Michelle Malkin
Creators Syndicate
Copyright 2012

With public attention focused on the GOP primaries, the White House quietly promoted another self-dealing lobbyist to serve as President Obama’s top domestic policy adviser. Promises? What broken promises?

Cecilia Munoz, the current director of intergovernmental affairs at 1600 Pennsylvania Ave., will now serve as head of the Domestic Policy Council. She’ll wield heightened influence at Obama’s daily morning briefings and expand her reach from immigration issues to education, health care and beyond.

Gushing headlines heralded the advancement of Obama’s top Hispanic civil rights “advocate” as a win for the “middle class.” But Munoz is a veteran member of the Beltway lobbyist class whose former organization is reaping a taxpayer-funded windfall as she climbs the government ladder.

Before joining Team Obama, Munoz spent two decades as chief registered lobbyist for the National Council of La Raza (“The Race”). Whose “middle class” does The Race represent? I’ve tracked the radical identity politics-driven group for years as it promoted drivers’ licenses and in-state college tuition breaks for illegal aliens; opposed cooperative immigration enforcement efforts between local, state and federal authorities; and opposed a secure fence along the southern border.

Under Munoz, The Race advised the Mexican government on how to lobby for illegal alien amnesty in the United States. Mexico’s Institute for Mexicans Residing Abroad rewarded her with its Ohtli Prize for her service to the country. Their country, not ours.

The Race vehemently protested post-9/11 homeland security measures and joined a failed lawsuit to block immigration information-sharing between the feds and local police. The group also has called for TV and cable news networks to keep immigration enforcement proponents (including yours truly) off the airwaves, in addition to pushing for Fairness Doctrine policies to shut up their foes.

Most recently, The Race and other open-borders groups pressured the White House to deliver the DREAM Act illegal alien student bailout by executive fiat — after it was defeated repeatedly by bipartisan majorities on Capitol Hill. Obama started issuing the amnesty waivers last August. This week, the White House announced an even wider expansion of waiver status to illegal aliens claiming “hardship.”

Who has benefited from Munoz’s Beltway lobbying? No, not the American middle class. The biggest beneficiary has been La Raza’s coffers. According to analysts at nonpartisan Judicial Watch in Washington, The Race raked in $4.1 million in federal subsidies in 2009 and more than $11 million in 2010. Much of that money came straight from the Obama stimulus boondoggle, and much of it went to mortgage counseling.

As a result of “strategic partnerships” with Wachovia and Bank of America, The Race has succeeded in lowering mortgage application requirements and watering down documentation standards. Illegal aliens have secured countless federal and private home loans over the past decade thanks to the lending industry’s version of “don’t ask, don’t tell.”

In addition, Munoz’s group collected a $1 million Democratic earmark that funded “community development” projects. And the U.S. Department of Health and Human Services kicked in $25,000 to co-sponsor the group’s annual conference in 2010.

Munoz’s multi-culti armor has shielded her radical lobbying from scrutiny. You’ll recall that the Obama administration made a lofty vow to end lobbyist conflicts-of-interest as we know them. The declaration was crystal-clear: “No political appointees in an Obama-Biden administration will be permitted to work on regulations or contracts directly and substantially related to their prior employer for two years. And no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration.”

But something got lost in translation when the White House brought registered lobbyist Munoz aboard — to work on the very open-borders agenda she pushed at The Race. Team Obama invoked a shady “public interest” exemption to waive the lobbyist ban because, it determined, “Ms. Munoz’s knowledge and expertise are vital to the functioning of the Office of Intergovernmental Affairs.”

Has Munoz recused herself on any of the myriad public policy issues she has advised the president on over the past two years? Who knows? The most transparent administration ever refuses to disclose recusal orders involving the nearly 100 lobbyists and ex-lobbyists on its payroll. Obama’s “Razist” revolving door isn’t a victory for “civil rights” or the 99 percent. It’s a triumph of politically correct business as usual.

The Year in Obama Scandals — and Scandal Deniers
by Michelle Malkin
Creators Syndicate
Copyright 2011

With 2011 drawing to a close, it is time to account. As an early-and-often chronicler of Chicago-on-the-Potomac, I am amazed at the stubborn and clingy persistence of President Barack Obama’s snowblowers in the media. See no scandal, hear no scandal, speak no scandal.

Dartmouth College professor Brendan Nyhan asserted in May — while Operation Fast and Furious subpoenas were flying on Capitol Hill — that “one of the least remarked upon aspects of the Obama presidency has been the lack of scandals.” Conveniently, he defines scandal as a “widespread elite perception of wrongdoing.”

So as long as left-wing Ivy League scribes refuse to perceive something to be a scandal — never mind the actual suffering endured by the family of murdered Border Patrol Agent Brian Terry, whose death came at the hands of a Mexican cartel thug wielding a Fast and Furious gun walked across the southern border under Attorney General Eric Holder’s watch — there is no scandal!

Self-serving much?

Mother Jones’ Kevin Drum likewise proclaimed: “Obama’s presidency has so far been almost completely free of scandal.”

This after the year kicked off in January with the departure of lying eco-radical czar Carol Browner. In backroom negotiations, she infamously bullied auto execs to “put nothing in writing, ever.” The previous fall, the White House’s own oil spill panel had singled out Browner for misleading the public about the scientific evidence for the administration’s Draconian drilling moratorium and “contributing to the perception that the government’s findings were more exact than they actually were.”

The Interior Department inspector general and federal judges likewise blasted drilling ban book-cooking by Browner and Interior Secretary Ken Salazar, who falsely rewrote the White House drilling ban report to doctor the Obama-appointed panel’s own overwhelming scientific objections to the job-killing edict.

In February, federal judge Martin Feldman in Louisiana excoriated the Obama Interior Department for defying his May 2010 order to lift its fraudulent ban on offshore oil and gas drilling in the Gulf. He called out the administration’s culture of contempt and “determined disregard” for the law.

This spring saw rising public anger over the preferential Obamacare waiver process (which I first reported on in September 2010). Some 2,000 lucky golden ticket winners were freed from the costly federal mandates — including a handful of fancy restaurants in Aloha Nancy Pelosi’s San Francisco district, the entire state of Senate Majority Leader Harry Reid’s Nevada, and scores of local, state and national Big Labor organizations, from the Service Employees International Union and Teamsters on down. Meanwhile, as The Hill newspaper reported last month, other not-so-lucky Republican-led states seeking waivers, such as Indiana and Louisiana, were rejected.

But it wasn’t just Republicans objecting to the president’s arbitrary Obamacare fiats. In July, congressional Democrats turned on the monstrous federal health bureaucracy known as the Independent Payment Advisory Board. The constitutionally suspect panel — freed from normal public notice, public comment and public review rules — would have unprecedented authority over health care spending and an expanding jurisdiction of private health care payment rates.

Obama’s health and human services secretary, Kathleen Sebelius, faced separate legal questions over her overseer role in a hair-raising document-shredding case when she served as governor of Kansas. In October, a district judge in the Sunflower State suspended court proceedings in a high-profile criminal case against the abortion racketeers of Planned Parenthood. Bombshell court filings showed that Kansas health officials “shredded documents related to felony charges the abortion giant faces” and failed to disclose it for six years.

That same month, Bloomberg News columnist Jonathan Alter gushed: “There is zero evidence … of corruption. Where is it?”

Alter’s declaration of the “Obama Miracle” came just weeks after the politically driven half-billion-dollar Solyndra stimulus “investment” went bankrupt, prompting an FBI raid and ongoing criminal and congressional probes of the solar company funded by top White House bundler and visitor George Kaiser.

As Solyndra and an avalanche of other ongoing green subsidy scams erupted, so did the LightSquared debacle — a federal broadband boondoggle involving billionaire hedge fund managers and Obama donors Philip Falcone and George Soros. In September, two high-ranking witnesses — William Shelton, the four-star general who heads the Air Force Space Command, and National Coordination Office for Space-Based Positioning, Navigation and Timing Director Anthony Russo — exposed how the White House had pressured them to alter their congressional testimony and play down concerns about LightSquared’s interference threat to military communications.

The White House continues to block efforts to gain information about the Federal Communications Commission’s approval of a special waiver for the company, even as new government tests this month showed that the company’s “signals caused harmful interference to the majority of … general purpose GPS receivers.”

The Obama White House closed out the year with Democratic Sen. Claire McCaskill of Missouri demanding a probe of the smelly $443 million no-bid smallpox antiviral pill contract with Siga Technologies — controlled by big lefty donor Ron Perelman. Then there was the small matter of massive voter fraud in Indiana, where a Democratic official resigned amid allegations that “dozens, if not hundreds,” of signatures were faked to get Obama on the state primary ballot in 2008. And while Americans busied themselves with the holidays, White House and Democratic campaign officials were dumping more than $70,000 in contributions from another deep-pocketed contributor — scandal-plagued pal and former New Jersey Gov. Jon Corzine, who oversaw the collapse of MF Global.

All this — and so much more — yet erstwhile “conservative” journalist Andrew Sullivan of Newsweek/The Daily Beast scoffed, “Where are all the scandals promised by Michelle Malkin?”

There’s none so blind as those who will not see.

We already know that MF Global CEO Jon Corzine was a coveted economic advisor to the Obama administration, but the company’s COO, Bradley Abelow, has also had a hand in designing the economy.

Abelow, who also served as chief of staff to Jon Corzine during his tenure as New Jersey governor (and rumor has it he might also be a Vulcan), has been advising the Environmental Protection Agency, perhaps on how to safeguard America’s economic lungs from inhaling any of the $1.2 billion that went up in smoke during his MF Global tenure.

From the Washington Times:

During two days of recent congressional hearings into how as much as $1.2 billion disappeared from MF Global customer accounts, the chief operating officer of the imploding investment firm responded again and again that he did not know.

Yet as the House and Senate interrogated Bradley I. Abelow and other top executives at MF Global Holdings Ltd., lawmakers did not mention Mr. Abelow’s role as a financial adviser for the Environmental Protection Agency, which as of Tuesday listed him as the chairman of its financial advisory board.

Even as he finds himself the public face of a bankruptcy and admitted to lawmakers that he had no idea how client funds disappeared, Congress and the administration have voiced no public concern about Mr. Abelow’s role advising the $8.6 billion government agency on its finances.

It might seem odd that the EPA even has a “financial adviser,” considering the agency appears to exist in order to design ways to cripple and subsequently bankrupt private industry, but if that’s the goal then I suppose an MF Global exec was a good choice for the position.

Sure enough, Abelow is still listed on the EPA’s Financial Advisory Board page:

I know what you’re thinking: “How did this guy not end up as a green loans adviser for the Department of Energy?” Give it time… give it time.

**Written by Doug Powers

Twitter @ThePowersThatBe

The people of Nebraska whom he betrayed and embarrassed won’t be shedding any tears.

All together now: DLTDHYOTWO.

Democratic Sen. Ben Nelson of Nebraska will announce today that he is retiring after two terms, a serious blow to Democratic efforts to hold onto their majority in the chamber next November.

Nelson is scheduled to hold a press conference back home in Nebraska as early as today to make his decision official, said several Democratic insiders close to the leadership.

The 70-year-old Nelson was considered one of the most endangered Democratic incumbents this cycle. GOP-affiliated outside groups have already dumped hundreds of thousands of dollars into TV ads bashing Nelson, while the Democratic Senatorial Campaign Committee spent over $1 million on their own ad blitz to bolster his image.

The Cornhusker Kickback was not forgotten. Or forgiven.

Entrenched incumbents of ALL political stripes, you’re on notice.

The condition known as “scaredaprisonitis” is very common in situations like this, or we could chalk it up to something as simple as a “bad hair day” — only John Edwards, his lawyers and Bain de Soleil valet know for sure:

Former presidential candidate John Edwards says he has been diagnosed with a medical condition that would make it difficult for him to attend his approaching criminal trial over campaign finances and is asking for it to be delayed.

In a motion filed Thursday, Edwards’ lawyers asked a federal judge to delay the start of the Jan. 30 trial for at least two months. They did not disclose his illness and filed sealed records with the court.

“The Defendant has a medical issue … that will prevent a trial of this matter during the January 2012 Criminal Term,” the motion says. “The failure to grant a continuance would be likely to result in a miscarriage of justice.”
[...]
The start date of the trial has already been put back once after Edwards said he needed more time to prepare his defense and attend his daughter’s wedding.

Edwards appeared healthy last week at a pretrial hearing in the case.

So what’s the medical condition? I’m guessing it might be… oh, let’s just say the result of extended periods of nervousness caused by the possibility of being transferred from the first America to the second America.

The undisclosed illness means Edwards is now facing the ultimate dilemma for a man with his legal resume: Trying to figure out how to chase his own ambulance.

**Written by Doug Powers

Twitter @ThePowersThatBe

The Securities and Exchange Commission (SEC) is suing a half-dozen Fannie Mae/Freddie Mac officials for fraud and deception. “All individuals” will be held accountable for the Enron-style financial mess they made, according to the SEC.

Here’s the official announcement from the SEC website:

The Securities and Exchange Commission today charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud, alleging they knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk mortgage loans, including subprime loans.

The SEC is seeking financial penalties, disgorgement of ill-gotten gains with interest, permanent injunctive relief and officer and director bars against Mudd, Dallavecchia, Lund, Syron, Cook, and Bisenius. Both lawsuits allege that the former executives caused the federal mortgage firms to materially misstate their holdings of subprime mortgage loans in periodic and other filings with the Commission, public statements, investor calls, and media interviews. The suit involving the Fannie Mae executives also includes similar allegations regarding Alt-A mortgage loans. The suit against the former Fannie Mae executives alleges they made misleading statements — or aided and abetted others — between December 2006 and August 2008. The former Freddie Mac executives are alleged to have made misleading statements — or aided and abetted others – between March 2007 and August 2008.

A glaring omission from the list: Former Fannie Mae head and Clinton/Obama pal Franklin Raines. Longtime readers will remember when the SEC was supposedly “cracking down” on Fannie Mae’s bogus accounting back in 2004. I called Raines the Ken Lay of Fannie Mae in 2006, when he faced civil — but not criminal — charges stemming from his massive financial scammery. Two years later, he was buying a $5 million condo and still living high on the hog.

Here’s what I reported in 2003:

Analysts unable to decipher Fannie Mae and Freddie Mac’s incomprehensible annual and quarterly reports have long suspected book-cooking with regard to their real cash flow. This week, the Wall Street Journal reported that Freddie Mac faces an SEC probe over possible accounting irregularities. Investigators will examine whether Freddie Mac may have deferred some income to smooth out results in future periods. The SEC will also probe the actions of the chief executive and chief financial officer, who were fired on Monday over an accounting review of earning restatements. The news sent stocks south and roiled some foreign markets as well.

Clothed in politically correct fashions (“Catch the dream,” beckons Freddie Mac’s program to boost minority home ownership; a “leader in diversity,” brags a Fannie Mae press release), these public-private hybrids are two dangerous pigs feeding at the federal trough. Congress created Fannie Mae (nickname for the Federal National Mortgage Association) in 1938 to bolster home ownership during the Depression. Three decades later, it was partially privatized, but retained a host of government benefits. In 1970, Congress spawned Freddie Mac (nickname for the Federal Home Mortgage Corp.) to provide a lending competitor to Fannie Mae. Both entities expand the pool of money for home purchasers by snapping up loans that lenders make to homebuyers, and then converting those loans into relatively safe mortgage-backed securities that are attractive to investors.

So, what’s wrong with this picture?

As Fred Smith, president of the Washington, D.C-based Competitive Enterprise Institute, has noted, these financial beasts are a textbook example of “profit-side capitalism and loss-side socialism.” When things go right for Freddie Mac and Fannie Mae, they keep the profits. But when things go wrong, taxpayers — not just private shareholders, managers, and employees — will be on the hook.

Freddie Mac and Fannie Mae each receive $2.25 billion lines of credit with the U.S. Treasury. These special pipelines give the institutions an implied federal guarantee available to no other private sector competitors in the mortgage market. That protection makes them immune to the costs normally associated with riskier and riskier behavior. Moreover, Fannie Mae and Freddie Mac are not required to pay state and local income taxes. In addition, the standard for how much money the government requires them to keep on hand in case homebuyers default on their mortgages is lower for Freddie Mac and Fannie Mae than for fully private banks and thrifts. The two corporations receive an estimated $10 billion a year in hidden taxpayer subsidies.

Political appointees to the companies’ boards pocket millions in stock options to bolster support on Capitol Hill. Clinton-appointed board members at Fannie Mae include Marc Rich lawyer Jack Quinn and Janet Reno’s lieutenant at the Justice Department, Jamie Gorelick. At the helm of Fannie Mae is another Clinton appointee, Franklin Raines, who was paid more than $4 million and had almost $6 million in unexercised stock options in his first year at the helm. Cheerleaders in both major political parties have opposed privatizing Fannie and Freddie.

If Martha Stewart is the face of capitalist excess, Fannie Mae and Freddie Mac are the poster children for government-sponsored gluttony. The potential fall of Freddie Mac or Fannie Mae could rival the savings and loan collapse of the 1980s. Too bad the Martha bashers, blind to the far greater catastrophes of market socialism, won’t pay attention until it’s too late.

All of which makes Newt Gingrich’s continued defense of the GSE racket all the more stomach-turning.

We need people in Washington who will clean up the mess. Not people who have cleaned up on it and keep rationalizing the self-dealing ad nauseum.

***

Previous:

The Fannie Mae and Freddie Mac racket
Spanking Fannie Mae
Spankin Fannie Mae, contd.
The mother of all financial scandals
Crackdown on Fannie Mae corruptocrats
Fannie Mae fallout
Fannie Mae fatcat/friend of Obama buys $4.9 million penthouse
More Fannie Mae and Freddie Mac blogging

My column is a year-end review of Democrat leader Nancy Pelosi’s congressional self-dealing and ethics covers-up. On a related note, here’s an amusing story of blue-on-blue corruption conflict: Calif. Democrat Rep. Laura Richardson (flashback here on her financial scams) attacking Pelosi’s wealth:

The sources disagreed on the exact wording of the unusually direct shot at the party leader, but Richardson’s sentiment was clear: Pelosi, whose net worthis at least $40 million, doesn’t need the money as much as some of her colleagues, and she should have consulted with them before deciding to protect the GOP-written pay freeze.

It was “something like, ‘Well I am sorry, Madam Leader, but some of us are not in the financial situation you are in,’” said one source.

Mic check!

***
Nancy Pelosi, Down and Dirty
by Michelle Malkin
Creators Syndicate
Copyright 2011

As a rueful Queen Elizabeth once said of a particularly rough year for the royal family, 2011 is “not a year on which” Queen Nancy Pelosi “shall look back with undiluted pleasure.” The former House Speaker relinquished her crown — er, gavel — in January. It’s been an epic downhill ski crash ever since.

Most recently, Pelosi faced questions from liberal “60 Minutes” and conservative investigative author Peter Schweitzer about a 5,000-share Visa stock purchase she made with her husband as the House was considering credit card regulations. She made a “killing” off the highly sought-after initial public offering. The stock holdings more than doubled in a few weeks; the credit card regulations were put on ice somewhere in the back of Pelosi’s fridge.

While she makes grand gestures toward banning congressional insider trading, San Fran Nan’s financial conflicts of interest are once again on display. This week, Reuters columnist Dan Indiviglio pointed to pending House legislation titled the “New Alternative Transportation to Give Americans Solutions Act of 2011,” which is stuffed with natural gas vehicle subsidies: $9 billion worth, to be precise.

These very subsidies are championed by Texas billionaire and failed wind farm evangelist T. Boone Pickens. He just happens to be a major stockholder in the company that would benefit from the bill: Clean Energy Fuels.

Question the timing? Indeed. As The Washington Examiner’s Tim Carney observes: “While Pickens, a longtime oil and gas man, has been lobbying for natural gas subsidies for decades, his cause has become particularly urgent this month. Pickens owns options to buy 15 million shares of Clean Energy Fuels at $10 per share, according to SEC filings. Those options expire Dec. 28. If Congress could pass the NATGAS Act this month, shares of Clean Energy would skyrocket.”

Pelosi just happens to be a stockholder in — you guessed it — Clean Energy Fuels. The then-Speaker bought between $50,000 and $100,000 of stock in Pickens’ CLNE Corp. in May 2007 on the day of the initial public offering. As I reported in a column three years ago, Pelosi’s 2007 financial disclosure form listed “assets and ‘unearned income’ of between $100,001-$250,000 from Clean Energy Fuels Corp. — Public Common Stock.” If the natural gas giveaway passes, Pelosi profits.

Of course, an endless parade of dirty Democratic scandals earlier this year had already completely obliterated what was left of Pelosi’s Mop-and-Glo reformer image. She and other liberal feminists rallied around disgraced Twitter freak and former N.Y. Democratic Rep. Anthony Weiner even as evidence mounted that he lied to them. And used taxpayer resources and government buildings while sexting. And recklessly neglected to ensure that his Internet paramours were of legal age.

Pelosi and fellow femme-a-gogue Debbie Wasserman Schultz, D-Fla., led from behind, calling for Weiner’s resignation only after the public tide had shifted.

Photo credit: Willamette Week

Pelosi showed similar reticence in dealing with basket-case Oregon Democratic Rep. David Wu — whose sexually aggressive, alcohol-addled erratic outbursts stretched over decades. Despite knowledge of Wu’s staff’s panic about his infamous 2010 Tigger costume photos and despite months-old pleas for help from an underage victim of Wu’s sexual indiscretions, House Democrats sat on their hands. In July, Pelosi finally called for an investigation by the House Ethics Committee.

That’s the same panel that slapped Pelosi pal and New York Democratic Rep. Charlie Rangel on the wrist for serial tax-cheating and has yet to move forward with California Democratic Rep. Maxine Waters’ ethics trial after charging her last year with three violations related to her crony TARP bailout intervention on behalf of minority-owned OneUnited Bank in Los Angeles.

What a way to close out her annus horribilis. Nancy Pelosi, the proud feminist who boasted she would clean up Washington, is covering up and cashing in. Just like all the other self-dealing good old boys.

Via GOP Rep. Darrell Issa:

ISSA STATEMENT ON PASSAGE OF BRIAN A. TERRY MEMORIAL ACT FROM HOUSE OF REPRESENTATIVES

The Brian A. Terry Memorial Act of 2011 is awaiting action by the Senate.

The .pdf of the bill can be accessed right here.

NRA News host Cam Edwards interviewed a Terry family friend yesterday on the one-year anniversary of Agent Terry’s death. Listen here.

Yesterday: The murder of Border Patrol Agent Brian Terry: One year ago today

Since this blog was founded in 2005 and before that, since the publication of Invasion in 2002, I’ve covered the blood-boiling deaths of law enforcement and border security officials who put their lives on the front lines for us — only to lose them in part because of government negligence, malfeasance, and refusal to do what needs to be done to keep America safe.

We have mourned murdered National Park Service ranger Kris Eggle. And Denver detective Donnie Young. And Los Angeles sheriff’s deputy David March. And Houston police officer Rodney Johnson. And so many more.

All are etched in my consciousness permanently, but none have shaken me more than the death of Border Patrol Agent Brian Terry one year ago today. The systemic incompetence, callousness, and corruption that created the conditions for his murder are unfathomable. The cover-up that continues today in the White House is unconscionable.

Look back at how Agent Terry’s death was first reported 12 months ago:

A Border Patrol agent was shot and killed Tuesday night near Rio Rico after encountering several suspects, federal authorities said Wednesday.

Agent Brian Terry was killed just 10 miles north of the U.S.-Mexico border, north of Nogales. Four suspects are in custody and one is being pursued, according to a press release from Customs and Border Protection.

The Federal Bureau of Investigation and the Santa Cruz County Sheriff’s Office are investigating.

Now, reflect on the extent of the lies, leaks, deception, and obstruction in the investigations of Agent Terry’s murder.

Now, imagine the suffering of the Terry family a year later — still seeking answers and the truth about Operation Fast and Furious — as they endured the vile, cynical exploitation of the case by Attorney General Eric Holder, who released his Kabuki “apology” letter to the media before they had even received it.

Border security activists, Second Amendment activists, anti-corruption advocates, and all Americans who care about the security and sovereignty of this country owe this family their thoughts, prayers, and gratitude as they continue to fight for the truth.

***

Neil McCabe at Human Events has a moving tribute and retrospective.

Katie Pavlich at Townhall.com remembers.

Vigilant national security/second amendment blogger David Codrea at Sipsey Street Irregulars marks the anniversary:

A year. And still we wait for the FBI to figure out a way to prosecute the one wounded killer they were forced to retain without compromising their cover-up of the involvement of their one-armed paid snitch.

A year. And still we wait for the much ballyhooed Office of Inspector General Report. You know, the one that the administration always uses to justify not telling you anything about the Gunwalker Scandal.

A year. And still we wait for the “mainstream media” to actually engage on the story of the greatest scandal of federal misadventure to date.

Watch this video from the House GOP Oversight and Reform on Brian Terry’s service to our nation:

More calls for Holder’s resignation. And the no-confidence tide swells.

FBI Director Bob Mueller may get Fast and Furious questions today.

Bob Owens spotlights Mother Jones trying to shoot the messenger on F&F.

How long will national media outlets keep up the Fast and Furious blackout? Mary Chastain is keeping tabs.