Wednesday, July 08, 2009

ARE GOVERNMENT CROOKS PILLAGING OUR TREASURY?


SPECIAL POST

Here’s a well-known fact: Whenever there’s a lot of money around, there’s bound to be loads of people trying to figure out a way to get their hands on it. And, if there’s enough money to be had, even those on the inside will be looking for a way to snatch it for themselves. In order to do that, of course, you want to get rid of anyone on the inside who might be smart enough to catch on and to stop you from succeeding.

Various government agencies have “Inspectors General” to audit and oversee the movement of funds within the agencies. When some influence puts up a roadblock against an I.G.’s ability to do his job, we taxpayers should beware. And, if that influence is an outside political influence, the danger signals should be flying at full force... particularly when top government officials are admitting that they cannot account for all of the TARP money or the Stimulus Bill money that has been spent.

Before I go further along this thought-line, let me stop long enough to mention the $134.5 billion is U.S. Treasury notes that were discovered in a suitcase in the process of being moved by two Asian gentlemen across the Italian-Swiss border last month. There were a whole ton of questions arising out of this story, but the U.S. Treasury refused to confirm or deny anything, the two Asians were released, and no one knows what happened to the $134.5 billion in treasury bonds. Now, that is a lot of money to leave hanging out in thin air like that, would you agree?

Back to the story line. In June, Gerald Walpin, an Inspector General for the Corporation for National and Community Service, was fired in the middle of his investigation into misuse of grant funds by St. Hope Academy; the founder is a close personal associate of… President Barack Obama.

Fred Weiderhold Jr., the I.G. at Amtrak, handed Congress a 94 page report stating that Amtrak’s lawyers were refusing to provide requested documents or were providing partially blacked-out documents in response to an investigation. The Administration immediately accepted his “retirement” papers.

At the International Trade Commission, Acting I.G. Judith Gwynne was pursuing contractor irregularities when commission officials allegedly forcibly removed purchasing documents from her possession. When she notified her boss, she was fired.

I.G. Neil Barofsky, who was overseeing the $700 billion TARP funds, was called in by the U.S. Treasury Department and told that he worked for them; he got sidelined when he protested that this could essentially amount to a conflict of interest and that Treasury would have the ability to withhold documents from him. This move came just as he started digging into Treasury’s decision to allow the AIG bonuses.

Back in April, the U.S. Treasury said, after persistent questioning, that it had $134.5 billion in TARP funds left at that time. Is that a coincidence, or did the money actually end up in a suitcase in Italy?

Why are these Inspectors General being dismissed in the middle of ongoing investigations?

Why has the Federal Reserve Bank been stonewalling a request by the Inspectors General and the Government Accountability Office to audit its books?


Is our Treasury being robbed by those who have the power to do so and to cover it up?

Is the Mob in charge here, or what?

That's MY AMERICAN OPINION, respectfully submitted.

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