Crony Capitalism Alive & Well: Corzine’s MF Global May Have Paid Clinton Hundreds of Thousands Prior to Collapse

A former MF Global employee accused former president William J. Clinton of collecting $50,000 per month through his Teneo advisory firm in the months before the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy.

Teneo was hired by MF Global’s former CEO Jon S. Corzine to improve his image and to enhance his connections with Clinton’s political family, said the employee, who asked that his name be withheld because he feared retribution.

“They were supposed to be helping Corzine improve his image as a CEO—I guess you can tell how that went,” he said. Corzine resigned as CEO and chairman November 4.

Before Corzine joined MF Global in May 2010, the firm was a smart and well-run commodities broker, a culture that was turned upside-down by his leadership style, he said.

“The traders would be shaking their heads,” he said. “They would come back to their desk and say, ‘Well, I thought we were going to do this—but Corzine would come by and do something else all by himself,’” he said.

Follow Joe Miller at Twitter HERE and Facebook HERE.

Read more at HumanEvents.com HERE.

Murkowski, along with most of the Senate, Votes to Legalize Bestiality in Military

[Murkowski, along with 92 other Senators, voted last week to repeal the military’s prohibition of soldiers’ sex with animals]

The dust is finally starting to clear over the rubble of the “Don’t Ask, Don’t Tell” repeal, and our military is beginning to see what’s on the horizon: a campaign to radicalize the country from the Pentagon out. It started by toppling the barrier to open homosexuality. And it continues with an assault on marriage and religious freedom. Now, in its rush to accommodate the Left, Congress may have inadvertently opened the door to even more perversion. As part of the Defense Authorization bill, liberals are pushing to make sodomy a legal activity under the Uniform Code of Military Justice (UCMJ). In its haste to make gay sex an official part of military life, the Left could be unintentionally repealing the ban on bestiality too. Article 125 of the UCMJ, which Democrats are targeting, clearly states: “Any person subject to this chapter who engages in unnatural carnal copulation with another person of the same or opposite sex or with an animal is guilty of sodomy.”

Just as Congress haphazardly overturned “Don’t Ask, Don’t Tell,” Senate Democrats are once again acting without thinking. While we’d like to believe this is an oversight on their part, it does point to the administration’s pattern of undermining the environment that the military Code was intended to create. Unlike civilian entities, the military operates under stringent moral guidelines so that it can perform its job efficiently. In fact, most people don’t realize that the military still outlaws adultery. These are the kinds of distractions that our troops try to eliminate–not because it’s socially responsible (although that is a good reason), but because it’s physically and emotionally responsible. After all, these aren’t your typical office romances. These are highly trained men and women on the front lines of national security. In the best of circumstances, sexual relationships are not without risk. But in the military, that risk is not to one or two people, but to an entire unit. If Congress insists on relaxing the rules on sodomy and bestiality, will the prohibition on adultery be next?

This is the slippery slope that FRC warned of. For three long years, President Obama has worked to draft the military into his radical social agenda. Obviously, the administration understands that once it breaks down the values and inhibitions of our Defense Department, society will be easier to wear down. Here, the unintended consequence of that push opens the door to an act so vile it’s embarrassing to mention–let alone tolerate. When FRC made the discovery, we sought confirmation from former and current military attorneys. One of those sources, a law professor and former judge advocate, replied that yes, by eliminating Article 125, the Senate would be creating a legal argument for bestiality. This may not have been deliberate, but it’s certainly conceivable from leaders who pay so little attention to the consequences of their extreme social agenda.

Follow Joe Miller at Twitter HERE and Facebook HERE.

Read more at FRC.org HERE.

With Barney leaving, ethically challenged Maxine Waters waits in wings

Rep. Barney Frank, D-Mass., will be remembered in retirement as a Democratic Gingrich but with only half Newt’s charm. The brainy and insufferably arrogant former chairman and current ranking member of the House Financial Services Committee is best known for his blustery, partisan, and plain wrong insistence for years before the collapse of the housing bubble that there were no problems at Fannie Mae and Freddie Mac. Another memorable moment of Frank’s career will be the interminable and extremely ungracious victory speech he gave after his unexpectedly close 2010 re-election: “The collective campaigns that were run by most Republicans were beneath the dignity of a democracy,” he declared.

He was frequently wrong and never in doubt, but, Mark Twain’s “native criminal class” aphorism notwithstanding, Frank was not a crook. He understood the vicissitudes of the nexus between big government and big business. When one of his aides on the Financial Services Committee quit in 2010 to take a job lobbying for the financial industry, he took the highly unusual step of criticizing him in public and ordering the rest of his staff to cut off all contact. It was an act for which we praised him at the time, and an example that we encouraged Republicans to follow.

Follow Joe Miller at Twitter HERE and Facebook HERE.

Read more at WashingtonExaminer.com HERE.

Senator attempts to gut congressional insider trading ban

Peter Schweizer’s book, Throw Them All Out, has been a topic of much discussion in Washington, in no small part because of shocking details about how congressmen trade stock based on their private knowledge of how legislation will affect markets. Amazingly, this is completely legal. As I put it in an editorial in the current issue of THE WEEKLY STANDARD, “At a time when Americans hate Wall Street with the fire of a thousand suns, behavior that would get a bank executive a perp walk and a jail sentence is business as usual in the nation’s capital.”

Now that Schweizer’s book has been getting lots of attention, the Washington Post reports that a bill to ban congressional insider trading that had been languishing is “suddenly popular.” However, it seems not everyone in congress is too happy about taking away one of their lucrative perks. John Carney at CNBC reports New York senator Kirsten Gillibrand wants to radically alter the legislation in some unusual ways . . .

Follow Joe Miller at Twitter HERE and Facebook HERE.

Read more at the WeeklyStandard.com HERE.

Peter Schiff: “The Economy is About to Implode…We’re Not Even Near the Bottom Yet!”

“You Got this Occupy Wall Street crowd that wants to have a communist revolution,” says investment guru and outspoken defender of free enterprise Peter Schiff, “but hopefully we can have more of a free-market…second American revolution and understand all the pain we’re about to endure is because of government. It’s not because of capitalism.”

Schiff caused a sensation last month when he visited New York’s Zuccotti Park and argued with Occupy Wall Street protesters about the causes of and solutions to the Great Recession. In this video, he talks to “the 1 Percent,” a group of wealthy individuals who gathered recently in the Bel Air home of Judd Weiss.

Regardless of his audience, Schiff’s message in entirely consistent: Cronyism and government policies have distorted the economy and “we’re not even near the bottom yet” in terms of the downturn.

Follow Joe Miller at Twitter HERE and Facebook HERE.

See the video and read more at Reason.com HERE.

PA Senate Candidate Scaringi: US Citizens’ Rights Must Not be Surrendered in War on Terror

The “Father of the Constitution,” James Madison, wrote, “If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy.” Regrettably, tyranny and oppression have already arrived in America in certain sections of the Patriot Act, the TSA’s invasive procedures at our airports and presidential-ordered assassinations of U.S. citizens among other examples. Now, the Congress is poised to violate the Constitution again in the name of the War on Terror.

Senator John McCain (R-AZ) has co-authored S. 1867, the National Defense Authorization Act (NDAA). Section 1031 of this bill will allow the U.S. military to capture and detain indefinitely an American citizen on U.S. soil who the President suspects is involved in terrorism. Thus, this bill will deny U.S. citizens basic Constitutional rights such as the right to a trial, to bail, to an attorney, to be presented with the charges against them and other rights and protections afforded to all Americans under the U.S. Constitution.

Furthermore, not only does this bill strip U.S. citizens suspected of being involved in terrorism of their Constitutional rights, Section 1031 also essentially repeals the Posse Comitatus Act of 1878 by authorizing the U.S. military to perform law enforcement functions on American soil. Senator Lindsey Graham (R-SC), a staunch supporter of this bill, declared on the floor of the U.S. Senate this bill declares all of the United States is now part of the “battlefield,” and he apparently intends for U.S. troops to be engaged on the ground here in America.

Senators McCain and Graham are urging two dangerous proposals that will infringe substantially upon the Constitutional rights of U.S. citizens and push America closer to a dictatorship under martial law. That is why I congratulate Senator Rand Paul (R-KY) for taking to the U.S. Senate floor recently to challenge Senator McCain and to defend the Constitutional rights of the American people. That is also why I support Senator Paul’s amendment, S. 1062, to strike the offending section, S. 1031, of the National Defense Authorization Act.

Follow Joe Miller at Twitter HERE and Facebook HERE.

Read more at ScaringiForSenate2012 HERE.

Ron Paul: “Republican Candidates Just Represent The Status Quo”

Republican candidate for president Rep. Ron Paul (R-TX) appeared on CNBC to discuss the Federal Reserve and a worldwide quantitative easing, the 2012 field and an independent run for office.

“That doesn’t mean a whole lot. That’s what they’re in the business of doing, and that is to inflate the currency to tide people over and to provide liquidity. And providing liquidity in a situation like this just means they’re buying up bad debt that nobody else wants and they do this by creating credit. But I think it’s sort of a reflection of a panicky type of reaction to get everybody doing this. Including China. They must really be worried to get together like this,” Ron Paul said about the Fed’s decision, 9 to 1, to not change the monetary policy, which means more printing.

Opining on the Republican field, Ron Paul says they all “just represent the status quo.”

“Yeah, I think it’s because it’s more of the status quo. I think all the other Republican candidates just represent the status quo,” Paul told CNBC. “More of the same. No change in the foreign policy. No change in the federal reserve. No cut in spending. I’m the one that’s offering a trillion dollars in cuts because I believe the government is so big and so out of control that you have to have real cuts. But all this other talk about cuts, whether it’s Romney or anybody else, the cuts in proposed increases, that’s why the American people don’t believe that they have a solution.”

Follow Joe Miller at Twitter HERE and Facebook HERE.

Read more at Politico.com HERE.

Sen. Rand Paul, joined by only one Republican, loses battle against martial law legislation

Talk about strange bedfellows!  Rand Paul, Kentucky’s Republican Junior Senator, found himself teamed up yesterday with Senate left-wing Democrats and the ACLU, in a failed attempt to insert an amendment into the massive National Defense Authorization Act, which would have limited the federal government’s power to enforce martial law against American civilians.

Sixteen Democrats and an independent joined with Republicans to defeat an amendment by Sen. Mark Udall (D-Colo.) that would have killed the provision, voting it down with 60 against, and 38 for it; keeping in the controversial provision which allows the military to detain terrorism suspects on U.S. soil and hold them indefinitely without trial.

Senator Paul observed that the unamended law would mean that any American citizen suspected of aiding terrorism would get just one hearing, where the military could assert that the person is a suspected terrorist, and then he could be locked up for life, without ever being formally charged.  “I’m very, very, concerned about having U.S. citizens sent to Guantanamo Bay for indefinite detention,” said Sen. Paul.  Illinois Senator Mark Kirk was the only other Republican joining Sen. Paul in his support for the Udall amendment.

Republican Senator Lindsey Graham, of South Carolina—one of the staunchest opponents of the Udall amendment—had a different take on the need to empower the government to arrest and detain terrorism suspects . . .

Follow Joe Miller at Twitter HERE and Facebook HERE.

Read more at Louisville.com HERE.

House ethics committee considering full scale investigation into allegations against Alaska’s Rep. Don Young

The House Ethics Committee announced on Monday that it will take another 45 days to determine whether to launch full-scale investigations into allegations against Reps. Alcee Hastings (D-Fla.) and Don Young (R-Alaska).

Reps. Jo Bonner (R-Ala.) and Linda Sanchez (D-Calif.), the chairman and the ranking member of the Ethics Committee, made the statement in response to requests for investigations into the two veteran lawmakers from the Office of Congressional Ethics. The Ethics Committee has up to 90 days to act an OCE recommendation by conducting its own probe or making the results of the OCE review public.

Winsome Packer, a former staffer on the U.S. Commission on Security and Cooperation in Europe, which Hastings chaired, claims that she was the victim of “unwelcome sexual advances” and “unwelcome touching” by the congressman. Packer has filed a lawsuit against Hastings asserting that he retaliated against her when she objected to his behavior.

Packer has been aided by the conservative group Judicial Watch in her lawsuit against Hastings.

It is unclear what OCE was scrutinizing in the Young case, but the cantankerous Alaska Republican was the subject of a long-running Justice Department probe until last year. DOJ looked at Young’s ties to Bill Allen, a former oil industry executive who was at the center of the federal corruption case against the late Sen. Ted Stevens (R-Alaska).

Follow Joe Miller at Twitter HERE and Facebook HERE.

Read more at Politico.com HERE.

S&P downgrades the credit ratings of dozens of banks

Standard and Poor’s downgraded the credit ratings of dozens of banks Tuesday, after applying new criteria to the world’s 37 largest financial institutions.

Among those to suffer a ratings cut: Bank of America, Citigroup, Goldman Sachs (GS, Fortune 500), Morgan Stanley (MS, Fortune 500), Wells Fargo and JPMorgan Chase (JPM, Fortune 500).

Ratings of Bank of America (BAC, Fortune 500), Citigroup, Goldman Sachs and Morgan Stanley dropped one notch to A- from A. S&P maintained a “negative” outlook on those companies.

Wells Fargo (WFC, Fortune 500) was cut one level to A+ from AA-, and also has a “negative” outlook.

Follow Joe Miller at Twitter HERE and Facebook HERE.

Read more at Money.CNN.com HERE