The Fiscal Corruptocrat follows the latest happenings with Wall St., the economy and corruption ridden governments.

Friday, June 12, 2009

Obama Wields His Powers to Remove Inspector General Who Investigated One Of His Supporters

Typical.

From AP via Yahoo

From the story:

"Obama's move follows an investigation by IG Gerald Walpin finding misuse of federal grants by a nonprofit education group led by Sacramento Mayor Kevin Johnson, who is an Obama supporter and former NBA basketball star."


Ok, so this Inspector General is apparently doing his job and finds that federal funds (i.e.: TAXPAYER MONEY) are being wasted and all of a sudden it's time to get rid of him. Makes all the sense in the world...

It does when he starts to get too close to what's really going on and the most powerful man in the world needs to step in and protect his good friends and supporters.

Remember folks, he 'Won' and he can do this. Give it a minute, he'll remind you of that fact again momentarily...

Update: Two Japanese Men Busted with $134 BILLION in US Bonds

Here's a very weak update (via Bloomberg, in English) to the story of these maybe/maybe not Japanese men busted smuggling $134 Billion in US bonds from Italy into Switzerland.

From the article:

"The Asahi newspaper reported today Italian police found bond certificates concealed in the bottom of luggage the two individuals were carrying on a train that stopped in Chiasso, near the Swiss border, on June 3.

The undeclared bonds included 249 certificates worth $500 million each, the Asahi said, citing Italian authorities. The case was reported earlier in Italian newspapers Il Giornale and La Repubblica and by the Ansa news agency. "


Counterfeit? Real? Japanese nationals?

Who knows!

Whatever the real story behind this ultimately is, it could certainly have some far reaching implications.