Friday, May 8, 2009
BLENDZ NOTE: These are three diffrent articles that Mr. Larouche put out yesterday
LaRouche: It Is Time To Get Rid of Summers!
May 7, 2009 (LPAC)— Lyndon LaRouche made the following comment on Wednesday: What I did over the weekend and have been doing all along in respect to Obama is to put pressure on the President to ensure that he does not cave in to Larry Summers, who has been attempting to manipulate the President. Summers' intention with his policy statement last week at the Israeli Embassy was to bluff the President into going with his policy on Israel. He was acting under the assumption that he could brainwash the President. However, Obama did not cave in. What Summers doesn't understand is that this President may turn on someone whom he perceives as trying to manipulate him.
The stated intention of what I have been doing in criticizing President Obama is to ensure that he breaks free from the brainwashing by Summers. He must become alert to the fact that he is being used. The only hope is that Obama comes to his senses and recognizes that he is being duped and used by these clowns.
I am using a high risk operation to get the President angry at the people who are brainwashing him. My purpose is to make him into a President by setting him free. I know his personality. So I am putting maximum pressure on him to liberate him from his brainwasher, Larry Summers.
Summers is jittery that Obama is uncontrollable. Therefore, he is trying to preemptively box him in based on his psychological vulnerabilities. That is why Summers tried to preemptively set a policy for the Obama administration.
Summers' primary personal affinity is as an extreme pro-fascist right-wing Israeli agent, a type we are not unfamiliar with. His agenda is to swindle the President, by pushing him into capitulating to that agenda. But the President did not take the bait.
Summers has thus made a big mistake. It is time to get rid of him. Summers went out of control. The President doesn't need such people. When your enemy makes a mistake like that, don't mishandle it.
LaRouche: Another Cover-up By Nancy Pelosi
May 7, 2009 (LPAC)—American statesman Lyndon LaRouche, briefed on Speaker Nancy Pelosi's treasonous "deep-sixing" of legislation for a Senate Select Committee modeled on the 1933 Senate Banking Committee's investigation of financial crimes led by prosecutor Ferdinand Pecora, in favor of a hand-picked 10-member commission appointed by the congressional leadership, which will issue its report on Dec. 15, 2010 (!), declared, "This is another cover-up by Nancy Pelosi. She should go back for another facelift."
"Pelosi has been an absolute disaster and national catastrophe since the beginning of 2006," LaRouche said. "What she's done, is what is meant by the term 'political prostitute.' This is a sellout of the American people, and unspeakable incompetence."
Today, the House of Representatives was scheduled to vote on the anti-fraud bill passed by the Senate, which included two amendments to investigate financial crimes: the Dorgan (D-N. Dak.)-McCain (R-Ariz.) amendment, calling for a Senate Select "Pecora" Committee with subpoena powers, and the Isakson (R-Ga.)-Conrad (D-N.Dak.) amendment, calling for an irrelevant and independent "911 Commission" to investigate, and report back to Congress on Dec. 15, 2010.
According to conservative Republican Rep. Darrell Issa's (Calif.) spokesman, Pelosi negotiated the Dorgan amendment out of the bill before it went to the House Floor. The Isakson-Conrad "Commission" amendment passed 367-59; all 59 opposed were Republicans. Pelosi agreed with Issa on a Presidential Commission modeled on the 9/11Commission, which is the Senate Isakson-Conrad amendment. The bill passed by the House today goes to House-Senate conference committee.
The 10 members of the Commission will be chosen by eight members of the Congressional leadership. Among the eight, Sen. Richard Shelby (R-Ala.), the Ranking Member of the Senate Banking Committee, is the only one who has called for—and still demands—a real Pecora investigation in the Senate Banking Committee, where the original Pecora investigation was held. The other seven have defended the financial predators from investigation, and bailed them out at the expense of the American people. The appointments are to be made by Pelosi and Senate Majority Leader Harry Reid (two commissioners each); House Minority Leader John Boehner (R-Ohio); Senate Minority Leader Mitch McConnell (R-Ken.); Senate Banking Chair Chris Dodd (D-Conn.); House Financial Services Committee Chair Barney Frank (D-Mass.), Ranking Member Spencer Bachus (R-Ala.), and Shelby.
LaRouche Demands Justice for David Kellermann
May 7, 2009 (LPAC)—On Wednesday, Lyndon LaRouche demanded justice for former acting Freddie Mac CFO, David Kellermann. As LaRouche stressed, the policy issues in connection with the case are being debated publicly in circles around the case. There is no evident motive for suicide in this case, but there is a motive for suppressing making Kellermann's views known. The guy is killed, probably murdered. He deserves justice. His right to justice is overriding. Because we have experience with injustice, we have a special qualification for stating our views on this matter.
What gave rise to LaRouche's statement was the continuing coverage of the case in the national media, including articles in both the Washington Post and The Wall Street Journal yesterday. The Washington Post reported that Kellermann left no note and that no motivation has been disclosed. The Post also characterized his death as "an apparent suicide."
Contacted by EIR today, Lucy Caldwell, a spokeswoman for the Fairfax County Police Public Information Office said that the "investigation is ongoing." Nancy Bull of the Medical Examiner's Office said that the autopsy has been completed, but that they are now waiting for the results of laboratory tests. These could take several weeks. She said that the "cause and manner [of Kellermann's death are] pending."
The policy issues surrounding the case continue to come to the fore. The Washington Post reported that Freddie Mac's regulator pressed the company to withhold information from a federal filing, concerned that it could add $30 billion to the cost of the Obama administration's housing program. A source says Kellermann "felt pressured" to withhold information that he felt he had a duty to provide. Several people said he took the clash with regulators personally.
Freddie Mac later concluded that it would not have to take the loss, but wanted confirmation from the SEC that this accounting approach was correct. Kellermann prepared a pre-filing memo to the SEC, in which Freddie Mac would discuss its interpretation and review other possible accounting interpretations.
FHFA, which reviews the firm's contacts with the SEC became concerned because one of the alternate accounting methods that Kellermann planned to review was the one currently used at Fannie Mae. Freddie Mac was preparing to argue it could not use this accounting method. Officials at FHFA and Fannie Mae worried that such a claim could lead the SEC to question whether Fannie Mae was doing its accounting properly. Fannie Mae was also involved in carrying out the Obama administration's housing plan and using separate reasoning, had also concluded it would not have to take a charge. If Fannie Mae did have to report the loss, the tab would run into the billions of dollars.
The FHFA asked Freddie Mac to break SEC regulations by submitting a "pre-filing" to the SEC that did not discuss other alternate accounting methods, but only its own. Kellermann and Freddie Mac's accounting team refused. According to SEC regulations such a filing must include an "outline of the possible alternative answers considered and rejected." After several weeks of being pressured by the FHFA Freddie Mac finally agreed to say its own approach was the right one, but that its interpretation should not invalidate Fannie Mae's continuing use of its own approach.
On April 21, the SEC rubber-stamped the approach demanded by the FHFA. Freddie Mac wouldn't have to take the charge, nor would Fannie Mae. While others were happy with the SEC cover-up decision Kellermann was reportedly not.
That evening, Kellermann said he would take off the next day. His boss, acting CEO John Koskinen suggested the rest of the week, at least. 10 hours later at 4:48 a.m., his wife called 911. He was found hanging in the basement.
The question is what else did David Kellermann know which influential circles did not want him to reveal.