Judge in oil spill case sells energy stocks
Feldman struck down government's moratorium on deepwater drilling
Other holdings include investments in Provident Energy Trust, El Paso Corp., Energy Transfer Equity, Basic Energy Services, Valero Energy Corp., Crosstex Energy LP and BlackRock, one of BP’s largest shareholders.
Ron Paul what we need is more WikiLeaks on the Federal Reserve
http://pubrecord.org/nation/8622/pentagon-papers-wall-street/
Excerpt:
should not. [read more]
In case anyone is confused into believing that this is just another right vs. left partisan issue, enter Fox Business host Judge Andrew Napolitano with his guest Republican Congressman Ron Paul, who is, of course, a longtime leading Fed critic. Paul hopes to see some Wikileaks on the Federal Reserve:
The Sunlight Foundation shines a light on Bank of America and the Federal Reserve’s brother money manager BlackRock:
http://www.bloomberg.com/news/2010-12-03/fed-created-conflicts-in-improvising-3-3-trillion-financial-system-rescue.html
Fed created conflicts in improvising 3-3 trillion financial system rescue
Excerpt:
Fed Loans Hatched in Bathroom Halted Money-Market Run
By - Dec 3, 2010 8:53 AM MT
A recreational vehicle owned by Deborah A. Cunningham, chief investment officer of Federated Investors Inc., stands at Beaver Stadium in State College, Pennsylvania. Source: Deborah A. Cunningham via Bloomberg
Cunningham was on the phone with Federal Reserve officials in Boston, New York and Washington. Outside, in the Pennsylvania State University stadium parking lot in State College, football fans were preparing for a game against Temple University.
“It was the only place I could hear,” Cunningham said. “People were drinking beer. They kept knocking on the door, saying, ‘I have to go.’”
The solution Cunningham helped craft on Sept. 20, 2008, was a bailout for money market funds, which were created as safe investments that could be easily cashed out. The Fed put the facility into effect two days later. At its peak in October 2008, it provided $152 billion to stem a customer run sparked by the Sept. 15 bankruptcy of Lehman Brothers Holdings Inc.
http://en.wikipedia.org/wiki/BlackRock
Black Rock wikipedia
BlackRock is a global investment management firm based in New York City. The company acquired Barclays Global Investors in December 2009 under the BlackRock name, making it the largest money manager in the world.[3] The deal had been approved by Barclays shareholders and announced on June 11, 2009.[4]
As of December 31, 2010, BlackRock’s assets under management total US$3.561 trillion across equity, fixed income, cash management, alternative investments, real estate, and advisory strategies. Through BlackRock Solutions, BlackRock offers risk management, strategic advisory, and enterprise investment system services to a broad base of clients with portfolios totaling approximately US$9 trillion.[5] BlackRock is publicly-traded, with Bank of America, PNC Financial Services, and Barclays PLC holding 7.1%, 20.3%, and 19.7% respectively, with the remainder owned by institutional and individual investors, as well as BlackRock employees.[5]
http://en.wikipedia.org/wiki/Laurence_D._Fink
Laurence D. Fink wikipedia
Excerpt:
Compensation
As of 2010, Fink was the highest-paid CEO of all US financial companies. His $22.7 million annual compensation exceeded that of any Wall Street CEO.[4]
Despite his enormous compensation package, Larry Fink tries to project an image of fiscal parsimony: For instance, as of 2008 BlackRock does not operate private jet planes, so Fink is flying commercial airlines (as opposed to most other Fortune-100 CEOs);[5] also, interviewers also emphasized that he is "taking the train rather than a private jet" when he spends time at his 26-acre country estate in North Salem, New York, about 50 miles from his NYC office.[6]
[edit] Personal life
Fink's eldest son, Joshua Fink, serves as chief executive officer of Enso Capital.[7][8]Interview with BlackRock Chairman/CEO Laurence Fink
http://www.youtube.com/watch?v=RE_MugQFfjE
http://www.sec.gov/spotlight/cra-oversight-roundtable/bios/cunningham.htm
Deborah A. Cunningham, CFA
Executive Vice President, Chief Investment Officer
Federated Investors Money Market Funds
Deborah A. Cunningham is Executive Vice President, Chief Investment Officer for the Taxable Money Markets, and Senior Portfolio Manager, with additional responsibility for the Tax-Exempt Money Market and Municipal Investment Groups. Previous associations: Head of Taxable Money Market Group, Performance Analysis Supervisor, Performance Analyst, Federated Investors. B.A., Duquesne University; M.B.A., Robert Morris University.
Professional affiliations: Director and Former President, CFA Society of Pittsburgh. Joined Federated 1981; Investment Experience: 22 Years.
http://sunlightfoundation.com/
Excerpt:
Lobbying to Keep Libya Open for Business
Sunlight Foundation Blog
According to lobbying disclosure reports, 15 companies and two trade associations listed Libyan issues on their lobbying disclosure forms since President George W. Bush lifted economic sanctions on Libya in 2004. Libya’s large oil reserves, the biggest of any African nation, were the main focus of the lobbying efforts in Washington.
These companies include a who’s who of international oil companies including ExxonMobil, BP, ConocoPhillips, Chevron, Marathon Oil, Occidental Petroleum, Shell, and Hess Corporation. The non-energy firms lobbying on Libya include Boeing, Caterpillar, Dow Chemical, Fluor Corporation, Halliburton, Motorola, and Raytheon. All of these companies have been engaged in business deals or attempted to enter the Libyan market over the past six years.
These companies include a who’s who of international oil companies including ExxonMobil, BP, ConocoPhillips, Chevron, Marathon Oil, Occidental Petroleum, Shell, and Hess Corporation. The non-energy firms lobbying on Libya include Boeing, Caterpillar, Dow Chemical, Fluor Corporation, Halliburton, Motorola, and Raytheon. All of these companies have been engaged in business deals or attempted to enter the Libyan market over the past six years.
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