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links for 2010-03-18

  • A wealthy businessman who raised money for leading Democratic Party politicians, including Barack Obama and Hillary Clinton, pleaded guilty on Thursday to defrauding three major banks out of $292.2 million in loan transactions.

    Hassan Nemazee, 60, who once ran a private equity firm, admitted in Manhattan federal court to defrauding Bank of America Corp (BAC.N) of more than $142 million, Citigroup Inc (C.N) of $74.9 million and HSBC Holdings Plc (HSBA.L) of $74.9 million to pay his debt to Citigroup.

    During the plea proceeding, Iranian-born Nemasee, who owned several multimillion dollar properties and had interests in various companies and hedge funds, said he had tried to get out of financial difficulty starting in the 1990s.
    +++++++
    More culture of corruption crap from Obama and Clinton

  • The United States has diverted a shipment of bunker-busters designated for Israel
    Officials said the U.S. military was ordered to divert a shipment of smart bunker-buster bombs from Israel to a military base in Diego Garcia. They said the shipment of 387 smart munitions had been slated to join pre-positioned U.S. military equipment in Israel Air Force bases.

    "This was a political decision," an official said.
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    Here comes the appeasement to Iran……

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