Chiznaddy
12-04-2008, 05:18 PM
Mayor of Chicago and brother of member on Obama's transition team leases all of Chicago's parking meters to JP Morgan...
For you conspiracy buffs, J.P Morgan Chase is the bank that bought Bear Sterns, with the Federal Reserve backing $30 billion dollars of bad assets that came with the deal, and purchased Washington Mutual from the government for $1.9 billion; the Federal Reserve provided the special financing of the companies' illiquid assets at a rate that was cut to 3.25% just moments before the deal was struck. The Mayor of Chicago, who encouraged and lobbied for the parking meter deal on behalf of the city, is the brother of William M. Daley, former United States Secretary of Commerce under President Bill Clinton, and currently on President Elect Obama's transition team. Back in May of 2004, Daley was made Midwest Chairman of a bank by the name of J.P. Morgan Chase.
Here's the full article (http://www.caivp.org/article/tax-reform/2008/12/4/soaring-budget-deficits-will-california-go-way-chicago-machine)
For you conspiracy buffs, J.P Morgan Chase is the bank that bought Bear Sterns, with the Federal Reserve backing $30 billion dollars of bad assets that came with the deal, and purchased Washington Mutual from the government for $1.9 billion; the Federal Reserve provided the special financing of the companies' illiquid assets at a rate that was cut to 3.25% just moments before the deal was struck. The Mayor of Chicago, who encouraged and lobbied for the parking meter deal on behalf of the city, is the brother of William M. Daley, former United States Secretary of Commerce under President Bill Clinton, and currently on President Elect Obama's transition team. Back in May of 2004, Daley was made Midwest Chairman of a bank by the name of J.P. Morgan Chase.
Here's the full article (http://www.caivp.org/article/tax-reform/2008/12/4/soaring-budget-deficits-will-california-go-way-chicago-machine)