Saturday, July 31, 2010

Ah, fascinating facts on BP cover up

Now…in most investigations, back even in the Watergate days, people said, “follow the money.” And that’s correct. In this case, you’ve got to follow the money. Who saves money by using these toxic dispersants? Well, it’s BP.

But then the next question—I’ve only seen one article that describes it—who owns BP? And I think when you look and see who owns BP, you find that it’s the majority ownership, a billion shares, is a company called BlackRock that was created, owned and run by a gentleman named Larry Fink. And Vanity Fair just did recently an article about Mr. Fink and his connections with Mr. Geithner, Mr. Summers and others in the administration. So I think what’s needed, we now know that there’s a cover-up.

Dispersants are being used. Congress, at least three Congress folks—Congressman Markey, Congressman Nadler and Senator Mikulski—are on the case. And I think the media now has to follow the money, just as they did in Watergate, and tell the American people who’s getting money for poisoning the millions of people in the Gulf.

The above info and the info below are from this link....go there and read the whole story.

Now let’s connect the dots. The Obama administration owes Larry Fink bigtime for his central role in keeping the U.S. economy from completely crashing. The corporation owned by Larry Fink, Blackrock has been the recipient of millions (billions?) in government contracts. BlackRock also owns a majority–one billion shares–of BP Therefore Larry Fink has a powerful economic motivation to keep the full horror of what BP has done to the Gulf of Mexico hidden from the American public.

Now I have no idea if President Obama is aware of all this or not. I think this situation strongly suggests that Tim Geither has even more influence in the administration than anyone has previously thought. Kaufman mentioned in the Democracy Now interview that Larry Summers is also close to Larry Fink. Apparently the two became friends when Summers was working in hedge funds. (Oh, and BTW, 49% of BlackRock is owned by Bank of America.

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