Cleared Christine Fires Back; Moody’s And Ponzi Schemes

The woman who was the subject of unending abuse during her run to represent Delaware in the U.S. Senate has been cleared by federal investigations of the charges made against her by the cynics willing to do what it takes to grab power.

And now she’s fighting back.

U.S. Attorney Charles Oberly III in a letter sent Friday to  Christine O’Donnell’s campaign
lawyer said that prosecutors had finished a probe
of allegations that Ms. O’Donnell used campaign funds for personal
use, including rent, and had made false statements in Federal Election
Commission filings.

“I write to inform you that this office has closed its review and does not intend to pursue criminal charges at this time,” Oberly said in the letter to Cleta Mitchell.

Meanwhile, the Federal Election Commission has voted to end an investigation as to whether Ms. O’Donnell’s campaign and the California-based Tea Party Express illegally coordinated campaign spending.

With  exoneration, Ms. O’Donnell now gets her turn at bat and she has filed a complaint with the FEC asking it to investigate Melanie Sloan who is executive director of Citizens for Ethics and Responsibility in Washington (CREW) which filed the claim of wrongdoing by the O’Donnell Campaign.

Ms. O’Donnell complaint alleges that  CREW based its claim on an affidavit that it failed to vet  former O’Donnell campaign worker David Keegan, Jr. 

The affidavit, according to Ms. O’Donnell, contained false information.

“Although the purely political
motives behind the submission to your office are not illegal, making
false statements to the United States Attorneys’ office and/or FEC would
violate federal law,” said Ms. O’Donnell’s lawyer, Richard Abbott.

In other behind the headline news, Reuters is reporting that Moody’s ratings agency wants the U.S. to end the statutory limit on debt so bondholders won’t be subject to “periodic uncertainty”.

So holders of existing debt are somehow endangered when an institution declines to keep borrowing? Only in a Ponzi scheme. Has Bernie Madoff gotten a prison job managing Moody’s?

In a certainly unrelated matter, the Obama Administration is reported to be considering civil fraud charges against Moody’s and fellow respected ratings agency Standard and Poor’s regarding their actions relating to mortgage debt and the collapse of the housing market.

Expect to see the investigation dropped.

Against Moody’s anyway.

How deep does the corruption in our government go?

One thought on “Cleared Christine Fires Back; Moody’s And Ponzi Schemes”


  1. “How deep does the corruption in our government go?”
    How deep? you ask.
    Jules Verne would measure it in leagues.

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