Search Results for ‘Gorelick’ at The Catherine Austin Fitts Blog

Search Results for 'Gorelick'

Meet BP’s New Legal Fixer

June 21, 2010 at 5:06 pm

By Abby Phillip

When BP executives filed into the West Wing on Wednesday morning to meet with President Barack Obama, they were joined by at least one familiar Washington hand: former Clinton administration Deputy Attorney General Jamie Gorelick, who signed on earlier this month to represent BP in congressional inquiries linked to the massive oil disaster in the Gulf of Mexico.

As one of the top lawyers in Washington and a former Justice Department official, it is no surprise that BP tapped Gorelick and her prominent law firm, WilmerHale, to do the nearly impossible: defend it against a deluge of legislative inquiries into the oil disaster.

Continue reading Jamie Gorelick’s New Challenge: Backing BP

Florida County Tells Feds “Stay Out of The Way!”

Catherine, Geopolitical, Money & Markets and News & Commentary,

June 21, 2010 at 4:06 pm

If you live in Okaloosa County, Florida, or Destin on Florida’s Emerald Coast and are wondering who’s going to be calling the shots if black crude oil comes ashore — wonder no more. It won’t be the federal government.

“I think there’s a fundamental flaw in the federal response,” said Dino Villani, the county’s public safety director.
“When you’re down in the trenches trying to respond like we are, it doesn’t work,” he said.

Continue reading Stay Out of The Way on Beach Protection, Florida County Tells Feds

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Housing Bill, Part IV

Catherine and News & Commentary,

August 2, 2008 at 8:08 am

The Profits of Playing Ball

The housing bill brings up a number of important questions about the risks and rewards that result from government subsidy and bail outs.

One recent market commentator pointed out that Fannie Mae and Freddie Mac executives were allowed to keep the big bonuses they made engineering the housing bubble and bankrupting the companies.

One of the examples given was Jamie Gorelick, (1, 2) who joined Fannie Mae as Vice Chairman from 1997 to 2003 after engineering the move to private for-profit prisons as Deputy Attorney General in the Clinton Administration. Gorelick’s name received national attention as a member of the 9-11 Commission and close advisor to Hillary Clinton.

Gorelick got Fannie Mae compensation and bonus payments of $26 million which she gets to keep.

However, the bill stipulates that Americans at risk of foreclosure who get a mortgage workout must share future equity capital gains with the government.

Read Parts I, II, III, V , VI, VII, VIII, IX of this commentary >>>

View all parts of the article here >>>

Did Someone Just Buy All the Votes in Texas & Ohio?

News & Commentary,

March 4, 2008 at 10:03 am

This weekend, mega defense contractor United Technologies announced an offer for Diebold (1) (2) at a 66% premium to the current stock market price. Leading this effort is the board of directors of United Technologies. United Technologies board includes Jamie Gorelick, partner at WilmerHale, who was the former Deputy Attorney General in the Clinton Administration who played such a significant role in promoting prison privatization and was a member of the 911 Commission.

Gorelick is a large contributor to Hillary Clinton’s presidential campaign. Her firm, WilmerHale, is a large backer of the Clinton campaign. Not surprisingly, Gorelick is mentioned as a likely Attorney General in a Hillary Clinton Administration. In its February 2008 Proxy, United Technologies described its lead investor as follows:

In a filing made with the SEC, State Street Bank & Trust Company, acting in various fiduciary capacities, reported that it held as of December 31, 2007 sole voting power with respect to 37,348,324 shares of UTC Common Stock, shared voting power with respect to 65,761,775 shares of UTC Common Stock, and shared dispositive power with respect to 103,110,099 shares of UTC Common Stock. State Street Bank & Trust Company serves as Trustee for UTC’s Employee Savings Plan and disclaims beneficial ownership of the reported shares.

Hence, it is hard to determine who exactly will control a significant percentage of the voting machines during the upcoming Presidential election. Question is, what does offering a $14 per share premium in a down stock market to the people who control Diebold have to do with Tuesday’s vote counting in Texas, Ohio, Rhode Island, and Vermont?

Is Hillary Clinton suddenly back in the race?

Whatever happens Tuesday, my bet is UT will be positioned to win lots of new sales and contracts from the Pentagon in the new Administration. What do you think? Is owning the voting machines a government contractor’s most creative marketing strategy? If it is, Diebold has now indicated they want more than $14 per share:

Diebold Rejects United Tech Takeover Offer As Too Low
By Reuters (3 Mar 2008)