AGAIN…THEY DON’T CARE HOW THINGS LOOK

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They don’t care about conflict of interest. They don’t care about corruption. Just more of the same. Money flowing back and forth. Read this: 

WASHINGTON (AP) — A veteran Wall Street executive who performed an independent review that exonerated the Obama administration’s program of loans to energy companies contributed $52,500 to re-elect President Barack Obama in the months since completing his work, according to an Associated Press review of campaign records. The executive defended the integrity of his conclusions and said he decided to donate to Obama after his work was finished.

The campaign contributions to Obama started just weeks after Herbert M. Allison Jr., in congressional testimony in March, minimized concerns that the Energy Department was at high risk in more than $23 billion in federal loans awarded to green energy firms. Two weeks later, Allison began giving to the Obama campaign. His contributions to Obama and the Democratic National Committee totaled $52,500 by last month. Allison previously was the former head of the government’s mass purchase of toxic Wall Street assets.

Continued

SOURCE: http://hosted.ap.org

One Comment

  1. Gary, a possible breakdown from a small bearish wedge occurred today with a target of 1365 to 1306 (stop at 1270). A close below 1385.97 this week or below 1390.99 next week would be bearish and imply 1306 to 1270.

    There are larger seasonal monthly TD (Tom DeMark) TDST supports at 1206 and 1050 for a possible target this fall with confirmation of a bear market and onset of a recession.

    Shalom.

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