NJ Gov. Jon Corzine, Hot Air, Obama and You

NJ Gov. Jon Corzine is working Barack Hussein Obama’s campaign. Word is Corzine is promised a high level position in the Treasury in an Obama Presidency. Corzine was former CEO of Goldman Sachs. A NJ local News Source said that Corzine told Merrill Lynch and his Wall Street buddies that this financial crash will be fixed in an Obama administration. No details on how though. Merrill Lynch has offices in NJ and it seems they are very worried.

Maurice Strong is involved with Chicago’s Climate Exchange. Al Gore is chairman of a private equity firm called Generation Investment Management. That firm invests money from institutions and wealthy investors in companies that are going green. Generation Investment Management purchases carbon dioxide offsets. The co-founder of Generation Investment Management is former Goldman Sachs CEO Hank Paulson, who is currently the Secretary of the U.S. Treasury. Goldman Sachs bought 10% of Chicago’s Climate Exchange shares for $23 million. Chicago’s Climate Exchange owns half of the European Climate Exchange, Europe’s largest carbon trading company.

Maurice Strong: Chicago Climate Exchange’s board member. Canadian Maurice Strong has made a career and a fortune out of financial rip-offs. Strong served on the board of the International Union for the Conservation of Nature (World Conservation Union) and was an advisor to the UN’s Kofi Annan. Among many other things, he was the first Executive Director of the United Nations Environment Program in the 1970’s and Secretary General of the 1992 UN Conference on Environment and Development, also known as the Earth Summit.

Goldman Sachs: The largest shareholder of the Chicago Climate Exchange and the second largest shareholder of the InterContinental Exchange. In fact, Goldman Sachs put Al Gore into the carbon offset hedge fund business in 2003 when David Blood, a former CEO of Goldman Sachs Assets Management, along with two other former Goldman Sachs officers, helped Gore establish his firm, General Investment Management, which focuses on “Sustainable Investing” by peddling carbon offsets.

Jon Corzine: Governor of NJ. He retired from Goldman Sachs in 1999 after taking the firm public and receiving at least $320 million worth of its stock. He ran for the Senate in New Jersey in 2000, spending more than $60 million of his fortune to win the seat. The bubble of high-priced technology stocks began to burst in March 2000. In August 2000, the SEC issued a warning against aftermarket sales, also known as “laddering.” “I’ve never even heard the term ‘laddering’ before,” Corzine said. However, Nicholas Maier of Cramer & Co. said it happened on Corzine’s watch. “For Corzine not to know of a common practice being utilized to generate and manipulate stock prices would be surprising,” Mr. Maier said. “He was obviously there during this time. I definitively saw his company engaged in illegal activity. They (the SEC) expressed to me that laddering is a trickier thing [to prove],” Maier said. “I will say it. They did it. They laddered. Whether the SEC can construct a case is a different story.”

Al Gore: Owns a carbon trading business, Generation Investment Management. They were banked with the Lehman Bros. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist.

Merrill Lynch: Deeply involved in the Carbon trading business. They are a founding member and primary sponsor of the U.K.-based Carbon Disclosure Project. Merrill Lynch is headed by John A Thain, who is a Goldman Sachs alumni.

Lehman Brothers: Created a propaganda piece last year about climate change so that their investors would keep getting high profits from the Kyoto carbon trade scheme and the support of huge public subventions. All that, of course, with the applause of the usual choir of politicians, the entire media and the Greens. A year ago they couldn’t predict their bankruptcy but were predicting the climate 100 years ahead. Thousands of green militants have been using the Lehman report as a proof of global warming and impending chaos. The report is the basis for policies on climate change in Spain, Argentina and several other countries playing the progress game.

Chicago Climate Exchange: The Exchange owes it existence in part to the Joyce Foundation, the Chicago-based liberal foundation philanthropy that provided $347,000 in grant support in 2000 for a preliminary study to test the viability of a market in carbon credits. On the CCX board of directors is the ubiquitous Maurice Strong, a Canadian industrialist and diplomat who, since the 1970s, has helped create an international policy agenda for the environmentalist movement.

Joyce Foundation: Provided grant support to test the market in carbon credits. Barack Hussein Obama sat on their Board from 1998 until 2001.

---

Chicago Climate Exchange Scandal Obama/Gore/Goldman Sachs?

Fact of the matter is that, yes, this is very suspicious.

The people who called into question the Bush administration's connections with Halliburton were right. Maybe the previous administration did nothing wrong. Maybe this one hasn't done anything wrong either, but it is important for people to know about these connections and to realize that there might be conflicts of interest involved.

So I don't understand why people get so upset about bringing connections to light. We should all be on the same side here. Nobody wants a corrupt government. Nobody wants to have to play by the rules while others, who are well connected, get away with murder. That's not right.

I think this is as important a story as the story of Bush administration's connection to Halliburton. But I don't understand the double-standard about it. The media did a great job covering the Bush administration's connections with (and possible conflicts of interest with) Halliburton and, of course, supporter's ignored it and put down those who exposed it.

The media is doing a terrible job of covering Obama's corporate connections, and supporters are, of course, ignoring it and putting down those who are exposing it.

The Bush supporter's were wrong and now the Obama supporters are wrong. They are missing the same point missed by those who supported Bush. It's about transparency, stupid! It's about reducing the chances for corruption. It's about making sure that EVERYONE has to play by the same rules.

Someone I respect likes to say "It's about equal justice, not social justice."

These guys... they aren't interested in equal justice.  

Related:

• CCX Offset Project Protocol: Renewable Energy Systems (2009)
• Chicago Climate Exchange Perspectives on the Status of Global Carbon Markets (2008)
• Environmental Financial Products LLC (2001)
• Ambassador Clayton Yeutter Joins CCX Board of Directors 
• Obama’s involvement in Chicago Climate Exchange—the rest of the story