Thread: The Wall Street Fraud That Can Change The Outcome Of The Election

The Wall Street Fraud That Can Change The Outcome Of The Election


RICHARD LAWLESS
Freelance Writer
9:41 PM 10/13/2016

U.S. Treasury Secretary Jack Lew addresses the media during a visit at the Medical Center Hospital in San Juan, Puerto Rico, May 9, 2016. REUTERS/Alvin Baez

Wall Street issues $70 billion dollars in fraudulent bonds. The rating agencies issued unjustified credit ratings for these bonds and the banks knowingly sold these faulty bonds to the American people in all 50 states. The bonds defaulted and American’s lost tens of billions.

What American’s don’t know is that both the Congress and the Senate were fully aware of all this fraud. Instead of prosecuting those responsible, Congress passed legislation (PROMESA) stripping all innocent bond holders of their legal rights while prohibiting any lawsuits against the parties who issued these bonds.

According to one of the millions of victims, Commercial Solar Power the FBI and the SEC attended their press conference listing all of these acts of fraud and now have active investigations exploring these allegations.

The list of participating banks looks like Hillary Clinton’s paid speech list while Paul Ryan reversed course after receiving $213,000 from Wall Street firms and voted for the PROMESA legislation. There are no innocent politicians on this one.

The administration even put Secretary Jack Lew in charge of this mess even though Citibank, while Mr. Lew was in charge, participated in this fraud.

There is no question from talking with numerous victims that our legislators have thrown the American people under the bus in an effort to protect their Wall Street friends and maintain the corrupt status quo.

There is no better example of our broken, corrupt government then this $70 billion fraud.

There is a video of a press conference that spells out the specifics of this fraud in detail that can be watched here. There have also been over 40 articles published that can be easily looked up on the internet.

Once the general public is aware of the specifics in this case, they will be ready for wholesale change in Washington.

Mr. Lawless is a career Banker and CEO of Commercial Solar Power, Inc. Mr. Lawless has been working with the SEC, the FBI, The U.S. Attorney’s Office and the Treasury Department to uncover the reasons for Puerto Rico’s $70-billion-dollar bond default.

Read more: http://dailycaller.com/2016/10/13/th...#ixzz4N9QO40vS

What Does It Cost To Buy A Paul Ryan Vote?


RICHARD LAWLESS
Freelance Writer
12:04 PM 07/11/2016

Over the last decade he Government of Puerto Rico took on increasing amounts of municipal bond debt. Debt that could not be supported by the island’s shrinking economy. By 2015, government officials in Puerto Rico were reaching out to our Congress for a solution.

Many Democrats supported a taxpayer bailout or a wholesale bond default that would give Puerto Rico an opportunity to restructure its finances. Republicans pushed for a market solution that would include a government austerity program along with tax and regulatory changes that would promote economic growth.

It was clear that the Republicans as a group, did not want a solution that utilized tax payer dollars or violated the bondholders’ rights. There was a growing concern amongst the Republicans that any such solution would set up states and other municipalities for future defaults of their own.
Among the most ardent of those Republicans was Paul Ryan, the Speaker of the House. Mr. Ryan was very concerned about safeguarding core Republican principals that protected the bond holders, protected decades of case law regarding debtor’s rights and prevented the use of tax payer dollars as any part of the solution.

Treasury Secretary Lew was selected by the administration to promote a solution that would provide a taxpayer bailout or a structured bond default. Secretary Lew along with his Treasury Counsels, Antonio Weiss and Stephen Campbell marketed Congress and attended numerous committee meetings in support of the Administrations solutions.

It was not widely known that Secretary Lew, while COO of Citibank oversaw the issuance of much of Puerto Rico’s troubled debt from 2006-2008 and Counsels Weiss and Campbell worked for Lazard who resold much of this troubled Puerto Rico debt before joining the Treasury Department.

A few months ago, Secretary Lew met with Speaker of the House, Paul Ryan. After that meeting, Speaker Ryan abandoned his position on a Republican Puerto Rico solution and began publicly supporting the administration’s position. A solution that violated every core Conservative and Republican principal his party stood for.

Some say that Secretary Lew acknowledged Speaker Ryan’s bright career prospects and how supporting his Puerto Rico solution would not be forgotten by Wall Street and go a long way in winning the financial support he would need to seek higher office. All of this is speculation and unprovable. However, after the meeting, the following contributions rolled into Paul Ryan’s accounts. It should be noted that most were new contributors for Paul Ryan.

Some of Paul Ryan Contributions flowing in from his surprising support of the Puerto Rico Legislation

Blackstone Group	Restructuring Advisor for Puerto Rico	$72,900
Blackrock	Troubled Debt Purchaser	$39,100
Cerberus Capital	Distressed Debt Specialist	$32,900
Citadel	Hedge Fund (Banco Popular)	$27,200
Carlyle Group	Hedge Fund – Distressed Debt	$20,800
Bank of America	Underwrote the Bonds	$21,050
		$213,950

This limited list reflects $213,950 in contributions following the meeting of Treasury Secretary Lew and Paul Ryan. A real bargain for these Wall Street firms who are positioned to earn hundreds of millions, at the cost of American citizens.

Thanks to Secretary Lew’s efforts and Speaker Ryan’s support, the credit rating agencies and Wall Street’s biggest Banks are now much less likely to be held accountable for any role they played in this $70 billion-dollar mess.

About twenty-four million Americans own the Puerto Rico debt. Now they have no legal rights and Ryan has a $7,000,000 surplus in his reelection war chest. Good for Ryan, good for Wall Street.

http://dailycaller.com/2016/07/11/wh...aul-ryan-vote/

Why is this not being reported by Foxnews?


JWK




80% of green energy money taxed away from hard working American Citizens WENT TO the Hillary Clinton / Obama Administration’s donors!