Hey guys I posted some information on Loop Capital in the new general but the same information can be found here. Here is an excerpt about TALF? What is TALF? Our TALP I.G. Suggests it is a great money laundering tool!! Specifically talks of Loop Capital corruption and the "chosen ones" of the finance industry to get the super awesome tax payer funded nearly risk free investments.
–Cross bread posts–
WOOPS, same info can be found here with more on TALF.
http:// www.getliberty.org/files/TALFBackgrounder.pdf
Neck yourself faggot
Prayers anon. There is no shame in protecting your family over trying to save the world one piece at a time. I don't pray, ever, except for monumentally important things but I will send a prayer tonight. Get some sleep weary warrior. You're fighting the good fight regardless of winning or not.
reposting for visibility in hopes of spurring the sperglings into doing something besides using this as a chat room.
oop Capital LLC Chicago based financial firm. Preseident and partner at the firm Kourtney Gibson.
Loop Capital is raping Chicago dry. So dry that they shut down 49 schools because of a budget crisis.
https:// www.peoplesworld.org/article/report-refutes-emanuel-s-austerity-agenda-for-chicago/
Tax payer money is flowing into Loop Capital Markets and the mayor couldn't give two shits.
Firms connected to Obama's early political career.
Holland Capital Management
Ariel Capital Management - Mellody Hobson President
Loop Capital Markets Craig Robinson (Brother in law) and James Reynolds Jr. Co founder
Aon Corp - Coney was senior managing director of Aon Corp., the insurance brokerage founded by prominent Daley backer Patrick Ryan, and that early event signaled the ease with which Obama would navigate the turf of Daley supporters. (Daley = Mayor of NY at the time)
The mayor's brother, former Clinton Cabinet member William Daley, was present that night at the Hyatt, one of the more prominent faces in a crowd of more than 700 who contributed an estimated $1 million.
http:// articles.chicagotribune.com/2007-04-13/news/0704130012_1_antoin-tony-rezko-sen-barack-obama-fundraising/2
http:// www.chicagonow.com/chicago-muckrakers/2012/08/minority-firms-with-clout-contributions-get-a-piece-of-ohare-cargo-contract/
>Campaign contribution records on file with the Illinois State Board of Elections reveal that employees from the minority-owned or minority-run firms that were given work coughed up some serious dough over the years to many of the members on the finance committee.
TALF? What is TALF? TALF is run by the New York Federal Reserve Bank.
http:// www.getliberty.org/files/TALFBackgrounder.pdf
The NY Fed has given Loop Capital a lot of sweet deals with getting first access to pilot programs and etc.
https:// www.newyorkfed.org/markets/toc_announcement_130606.html New York Fed Names Four Firms to Participate in the Treasury Operations Counterparty Pilot Program
https:// www.newyorkfed.org/markets/moc_announcement_141117.html New York Fed Names Three Firms to Participate in the Mortgage Operations Counterparty Pilot Program.
The TARP Special Inspector General pointed out that TALF is “an ideal opportunity to
money-laundering organizations.” He also noted that “the taxpayer risk is many times
that of the private parties, thereby potentially skewing the economic incentives.”
http:// www.sigtarp.gov/reports/congress/2009/April2009_Quarterly_Report_to_Congress.pdf
We need to look into TALF! Read the whole getliberty write up. It has loads of sources. Too much to copypasta here. Will do more connecting but must workfag tomorrow early early.
THE CHOSEN ONES
Currently, 22 companies are listed as eligible agents by the New York Fed to facilitate
these deals.
BNP Paribas Securities Corp.
Banc of America Securities LLC
Barclays Capital Inc.
Cantor Fitzgerald & Co.
CastleOak Securities, LP.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
Jefferies & Company, Inc.
J. P. Morgan Securities Inc.
Loop Capital Markets, LLC.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
Nomura Securities International, Inc.
RBC Capital Markets Corporation
RBS Securities Inc.
UBS Securities LLC.
Wells Fargo Securities, LLC.
The Williams Capital Group, L.P.
Eighteen of these companies are primary government securities dealers; eleven of these
companies are foreign. Three of the four new companies that were recently added to the
list of eligible agents for the TALF program are minority-run firms. One of these firms is
Loop Capital Markets.
http:// www.newyorkfed.org/markets/talf_agents.html
Loop Capital Markets is a minority-owned boutique investment banking firm based in
Chicago. This firm is very-well-connected but has been involved with questionable
individuals who took part in several controversies. Both Loop and Williams Capital,
another minority-owned firm that is an eligible agent for TALF, have been very
generous to the Democratic Party.
TIES TO THE ADMINISTRATION
Loop Capital’s management raised at least $200,000 for Obama’s presidential run. James
Reynolds, Co-founder, President, and CEO of Loop Capital has been raising money for
Obama for over a decade and hosted one of Obama’s first fundraisers for his U.S. Senate
campaign at Reynold’s Chicago home.
http:// www.opensecrets.org/pres08/bundlers.php?id=N00009638
http:// www.usatoday.com/news/politics/election2008/2008-10-15-fundraiserscorruption_N.htm?csp=34
Obama’s brother-in-law Craig Robinson was a partner and managing director at Loop
Capital for several years.
http:// www.rightpundits.com/?p=2481Campaign Contributions
http:// www.brownbears.com/sports/m-baskbl/mtt/robinson_craig00.html
Loop Capital employees have been generous to numerous Democrats, particularly black
Democrats. Reynolds also gave over $100,000 to Democrats running for federal office,
including thousands of dollars for Rahm Emanuel. Between 1998 and 2004, Reynolds
gave over $100,000 to Illinois state Democrats, including $25,000 to the state senate
president, Emil Jones. Jones’s family has profited handsomely during his time in office.
http:// fec.gov/finance/disclosure/norindsea.shtml
http:// www.afro-netizen.com/2004/11/firm_in_skyway_.html
http:// qconline.com/archives/qco/display.php?id=400419
PART TWO
QUESTIONABLE TIES
Roland Burris’s firm received a retainer fee of $5,000 per month from Loop Capital. In
2003, Loop Capital received over $750,000 in pension bond business from the
Blagojevich administration. Burris denied that there was anything wrong with the
arrangement. “We make sure that the client has access, and the client has to have a
product or services that the customer can use, and that it is a competitive product,”
Burris said.
Reynolds continues to support Burris and recently sent his campaign a $2400
contribution. It should be noted that only 54 other individuals have contributed to
Burris, and only three have given as much as Reynolds. The Chicago Tribune called Burris “a prototypical Illinois politician, who put a relative on the public payroll,
steered legal business to political supporters and sought to trade on his ties when he
became a lobbyist.”
http:// www.chicagotribune.com/news/local/chi-burris-record-08-jan08,0,2084811,full.story
http:// query.nictusa.com/cgi-bin/com_ind/C00458349/
Last year, Peter Bynoe, a managing director at Loop Capital, lobbied Chicago on behalf
of a corpse-hauling firm that overcharged the city, broke its promises, and refused to
pay its bills. Currently, GSSP Enterprise receives over $900 for removing bodies in
Chicago, but it performs the same duties in Dayton, Ohio for $75. GSSP had previously
operated on a contract with Chicago that paid $200 per corpse. Cook County currently
pays $250 for corpse-hauling services. The company was supposed to use minority
contractors, but it failed to use them sufficiently and failed to pay some of them as
promised. The company even mixed up two bodies and did not discover the error until
one of the women had been buried. One former employee claimed that the company
was understaffed, that he had receive no safety training, and that protective gear and
even body bags were lacking. Yet, despite numerous problems, Bynoe was successful;
and GSSP received a new contract with Chicago. In 2003, Bynoe helped Tony Rezko in
his fundraising endeavors. In 1989, Bynoe teamed up with the scandal-plagued Ron
Brown in a deal to take over the Denver Nuggets.
http:// newsblogs.chicagotribune.com/clout_st/2009/07/chicago-pays-915-per-body-formorgue-transport-alderman-says-thats-too-much.html
http:// www.usdoj.gov/usao/iln/hot/us_v_rezko_exhibits/2008_03_07/fob_chart_01.pdf
http:// life.blogr.com/stories/2009-08-23-Peter-Bynoe-for-cambridge-lee-industries/
http:// www.highbeam.com/DocPrint.aspx?DocId=1P2:1623852
Not only was Loop Capital involved in Chicago’s corrupt politics, it was also involved
in Wisconsin corruption. In 2003, when Wisconsin Governor Jim Doyle came to a
Packers game in Chicago, he met with Tony Rezko and a couple of other fundraisers.
Doyle and a staffer sat in a corporate box paid for by Loop Capital. Doyle’s campaign
later paid $170 to Loop Capital. A deal was eventually worked out between Bear
Stearns and the state of Wisconsin. Loop Capital earned about $170,000 for its role in the
deal. The lobbyist at the center of the deal, Nick Hurtgen, pleaded guilty to aiding and
abetting wire fraud earlier this year for his role in a government corruption case.
http:// www.ilcampaign.org/press/2006/7-15-2006%20Indicted.htm
http:// www.huffingtonpost.com/2009/02/25/p-nicholas-hurtgen-pleads_n_169995.html
In 2003, Loop Capital retained Ronald White, a Philadelphia lawyer, to gain business
with the city. White was a confidant of Mayor John Street, whose administration was
beset by scandal. Loop Capital gave over $12,000 to a scholarship fund named for White and gave $5,000 to White’s political action committee. White’s retainer fee of $5,000 per
month was sent to a shell company that was nominally controlled by White’s girlfriend,
Janice Renee Knight. Reynolds “was recorded on FBI wiretaps arranging what
prosecutors said was a ‘sham’ consulting contract with White’s girlfriend.” Loop
Capital received two no-bid contracts worth nearly $300,000. White was later indicted
for bribing the city treasurer to steer business to Loop Capital, among others. Loop
Capital was referred to as “Company No. 4” in White’s indictment. White died before
his trial.
In 2004, Loop Capital profited from its minority status on a deal to sell off the Chicago
Skyway. Its public benefactor, Alderman William Beavers, said, “Loop Capital wasn't
involved in the original deal.” (Loop was added later as a co-financial adviser.) “I want
them to be part of it, not only Loop but other minority firms. I want to make sure
minorities get their fair share of everything to come through the city.”
http:// www.usatoday.com/news/politics/election2008/2008-10-15-fundraiserscorruption_N.htm?csp=34
http:// www.afro-netizen.com/2004/11/firm_in_skyway_.html