A New York man was charged with allegedly defrauding Citigroup Inc. (C) out of $74 million in loans.
U.S. Attorney Preet Bharara in Manhattan and the Federal Bureau of Investigations say Hassan Nemazee, with residences in Manhattan and Katonah, N.Y., fraudulently applied for the loans for Nemazee Capital Corp., of which he is chairman and chief executive.
Federal prosecutors contend Nemazee obtained the money by giving the banking giant “numerous documents that purported to establish the existence of accounts in Nemazee’s name at various financial institutions containing many hundreds of millions of dollars,” the Justice Department said in a statement. “In fact, those were fraudulent and forged documents.”
And I originally had him down as ‘former’ national finance chair for the DSCC, except that I’m seeing no signs that he quit the job (screenshot here).
(For those who can’t see it: it shows Democratic Senator Chuck Schumer bragging about cutting out the very funding that a good number of ostensibly-unrelated Left-bloggers and writers are trying to pin on the GOP, in the person of Senator Susan Collins. And never mind the fact that the cutting was done as a spectacularly unsuccessful attempt to bribe the GOP into signing on to the Democrats’ debt bill; or that it was an incredibly tacky unsuccessful bribe in the first place. Reality-based thinking is somewhat… flexible for the Online Left.)
Yes, neither did I. Even the ones that aren’t overtly obediently writing whatever they get told to write are busy with their uncritical willingness to accept Democratic talking points as gospel truth (as if it’s our fault that it takes a Cabinet appointment to make a Democrat pay his taxes). So it’s almost certainly foolish to expect that the dogs linked above will even dare bark at their masters. Never a good idea to make those who feed you angry, right?
He said the compromise hammered out between Senate Democrats and moderate Republicans – which has enough support to get it past any threat of a filibuster – was far better than that passed by the House on Jan. 29.
“All those little porky things that the House put in, the money for the [National] Mall or the sexually transmitted diseases or the flu pandemic, they’re all out,” Schumer said.
“Bipartisan” being defined as “three Republicans and the Democratic party,” of course. Now that there’s a question about said funding, suddenly they feel like they need to pin it all on the Republican party, and never mind that the stripped-out appropriations was part of a failed attempt to bribe the GOP. Note, “failed”: if they had wanted to do a real cut, they would have axed things that would have hurt across the board; instead, they went with what they themselves considered extraneous or meaningless, and it’s just Schumer’s bad luck that the swine flu decided to break out in Mexico. So, as Don Surber notes, we’re going to get the default option from the Democrats again: blame it on the GOP somehow.
Of course, the people that will scream loudly about this will say not a word about Schumer if they can possibly help it. That’s because they don’t actually care about swine flu. Well, that’s not quite true: after all, the more people that die, the more they’ll feel justified and righteous about screaming about the Republican party. Sure, it’s a tragedy, but the really important thing for them is to elect more Democrats.