Political Payoff

Obama has Kept One Campaign Promise: He Shower His Friends with Money, our money!

George Soros Obama’s largest campaign contributor has become even wealthier thanks to President Obama and his share the wealth platform, unfortunately his platform doesn’t include average America .

The U.S. loaned billions of dollars to Brazil ’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil ’s Tupi oil field in the Santos Basin near Rio de Janeiro .

The dichotomy was that at the time America was facing its worst financial crisis, and Americans were not only losing their jobs but their homes as well. And to add insult to the injury, all oil discovered is under contract to China , so there is absolutely no benefit to America .

And what makes this even more interesting Soros Hedge Fund Bought Petrobras Stake Worth $811 Million

But it wasn’t really a surprise! In 2008 Michelle Malkin penned a column in which she described the payoffs in store for George Soros and friends if Obama were elected! Those friend’s unfortunately Waller around Wall Street.

George Soros is on target to make hundreds of millions in profit from the loan by the U.S. to Petrobas for its offshore drilling especially now.

This may be one of the biggest political payoffs by any administration that has occupied the White House.

Also of note: Stimulus spending also went largely to areas that supported Obama’s election.

But even more striking is the reality that Petrobras, Brazil 's oil conglomerate announced that it has set a single-day record for oil output producing 2.08 million barrels on April 24.

The state-controlled energy agency says it also set a monthly record for output in April by pumping an average of 2.03 million barrels of crude per day.

The company goal for the year is to average 2.1 million barrels per day once two more facilities come online this year.

As for George Soros, what a lucky break! He will now have a lot more money to provide to his favorite charity, the Democratic Party.

Obama tied to FDIC, Wall Street Scam

It all started in June 2008, when the FDIC took control of Indymac Bank, that of itself wasn’t strange as many large banks would collapse over the type of loans and the creative insurance programs these banks invested in.

But what occurred in March 2009 will make your hair stand on edge. It displays the open corruption between the White House, The Banks, and those so well connected to the current administration and Washington insiders.

In March 2009 Indymac Bank was sold to One West Bank, the sale was for 70% of the face value of the mortgages and the HELOC’S at 58%

But the government guaranteed 80% to 95% of the original loan amount, for a short sale or a foreclosure.

Example:
Loan Amount $ 478,000
Add six months interest for failed payments
$ 485,000
One West Bank paid FDIC $ 334,600
Short sale amount $ 241,000
FDIC Guarantee $ 388,000
FDIC paid One West Bank $ 147,000

One West Bank received for the short sale a total of:
$ 241,000
$ 147,000
__________
$ 388,000 a $53,400 windfall plus

The Bank on a short sale took a note from the seller for the shortfall in the amount of $90,000 for a profit of= $143,400

One West Bank made a hefty profit from the taxpayers on this one transaction and it worked the same way on a foreclosure

Now we can see why it benefits the banks to Foreclose or complete a short sale. But wait!

The owners of One West Bank are none other than:
1. George Soros - Obama’s main contributor whom he has already paid back with a 2bn dollar Grant to one of his corporations for off shore oil drilling, and the US has no benefit in the oil:
2. John Paulson - A relative of Treasury Secretary Hank Paulson former Chairman and Chief Executive Officer of Goldman Sachs.

And a former Goldman Sachs VP

Obama Takes good care of his financial supporters and often it’s with our money!