Sunday, September 18, 2011

Did Obama’s former investment play role in pressuring 4-star general to change testimony?

Did Obama’s former investment play role in pressuring 4-star general to change testimony?:

Presidents put their investments into blind trusts when they take office in order to avoid the appearance of conflicts of interest. Well, most modern Presidents do, anyway. It seems that Obama considers himself an exception to this rule, or at the very least he did until April 2010. The Washington Post’s Michael Shear reported at that time that Obama had refused to establish a blind trust . . . snip

. . . The records are not on line, but the White House website does have a request page, which promises to send a PDF of the financial disclosure forms quickly. I’ve requested a copy and will check to see whether Obama still holds any position with LightSquared. I’m going to guess no, only because it appears from Shear’s article that Obama converted most of his holdings into bonds in order to avoid the blind trust.

However, as the HuffPo report notes, that’s not the only problem in this scenario. It’s clear that even if Obama divested himself of LightSquared at some point, he has remained close to the other investors. If the White House pressured Shelton in order to benefit these investors, then we need to find out whether Obama gave that order himself on behalf of his cronies.

(Excerpt) Read more at hotair.com ...
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