Saturday, July 24, 2010

The BP/Wall Street/Federal Conspiracy?

More corexit, please! No, it's nothing like the ovaltine chocolate milk drink, it's a toxic substance is being used to help break the oil in Gulf of Mexico. Hugh Kaufman, a senior policy analyst at the EPA’s Office of Solid Waste and Emergency Response, is warning the public of the dangers of using corexit. He claims that some of the workers are now “hemorrhaging Internally.” In a nut shell, BP is saving the money but using corexit. If BP can hide the amount of oil that has leaked into the ocean, it will pay less in fines. And now it's friends in Washington are helping them cover it up.

Here are the facts. One of the biggest owners of BP is BlackRock Inc. In fact, Black Rock owns 7.1% of BP.

Who's the CEO of BlackRock?

Larry Fink!

He has a lot of relationships with a lot of interesting people including Tim Geithner. One of Fink's friend is John Mack, the chairman of Morgan Stanley (the company that took $10 billion of tarp funds). It gets better. In April 2008, Tim Geithner awarded BlackRock Inc. with a $71.3 million non bid contract to manage billions of dollars for the New York Federal Reserve deal with Bear Stearns and JP Morgan Chase. And BlackRock has received more no bid contacts since 2008. But of course, Tim Geithner is no longer at the New York Federal Reserve. He's the Treasury secretary. As Hugh said in an interview for Democracy Now! "Follow the money!"

Guess who's the number one owner of BP.

JP Morgan Chase Bank with holding 27.74% of the total ordinary issued share capital. Read it for yourself. JP Morgan Chase is one of the so called "too-big-too-fail" holy banks received billions of dollars of taxpayers money. Gee, if I didn't know better, I would say that Wall Street is influencing Washington. A merger of state and corporate power?

A corrupt government working side by side with a private company to cover up something terrible in the Gulf of Mexico for the financial benefit of the company. If this isn't fascism, then what is fascism? Mussolini said it best...

"Fascism should rightly be called Corporatism, as it is the merger of corporate and government power."

I think fascism is a political ideology that incorporates corporatism, totalitarianism, extreme nationalism and a target group. No matter how you define fascism, it seems that we are on the fast track to it.

Question: Do you believe that there could be a conspiracy between Washington and Wall Street insiders?

JP Morgan Chase Bank owns more than 27% of BP

Black Rock owns 7.1% of BP

Tim Geithner and Larry Fink

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