Thursday, April 2, 2009

T: Is for Taxes leading to more!


As I have stated before, I voted for President Obama, so that gives me the right to question and there is a lot here. First their was Daschle but he did the right thing and stepped down. Now Kansas Governor Kathleen Sebelius, the current Obama nominee to be HHS secretary has admitted to some mistakes on her tax returns and paid $8,000 in taxes and penalties for errors on her 2005-2007 returns. Ok I can understand 1 year but 2? If she weren't nominated would we have heard of a 3rd? On the surface it not big deal, but you have to start wondering is it a criteria to owe taxes to be nominated? Just remember Treasury Secretary Tim Geithner. In researching if Geithner had paid his taxes, I discovered something interesting. He is part of a group called The Group of 30. Look at who else belongs:

Paul Volcker - Chairman of the Board of Trustees; former Chairman of the Federal Reserve
Jacob A. Frenkel - Chairman; Vice Chairman, American International Group
Geoffrey L. Bell - Executive Secretary; President Geoffrey Bell and Company
Leszek Balcerowicz - Former President, National Bank of Poland
Jaime Caruana - Counselor and Director, MCM Department, International Monetary Fund
Roger W. Ferguson, Jr. - Chief Executive, TIAA-CREF
Stanley Fischer - Governor, Bank of Israel
Mervyn Allister King - Governor of the Bank of England
Guillermo Ortiz Martinez - Governor, Banco de México
Jean-Claude Trichet - President, European Central Bank
Tommaso Padoa-Schioppa - Minister of Economy and Finance, Italy
Zhou Xiaochuan - Governor, People's Bank of China
Yutaka Yamaguchi - Former Deputy Governor, Bank of Japan
E. Gerald Corrigan - Managing Director, Goldman Sachs, former President of the Federal Reserve Bank of New York
Andrew Crockett - President, JP Morgan Chase
Sir David Walker - Senior Advisor Morgan Stanley
Guillermo de la Dehesa - Director and Member of the Executive Committee, Grupo Santander
Arminio Fraga Neto - Partner, Gávea Investimentos; former President of the Central Bank of Brazil
Domingo Cavallo - Chairman and CEO, DFC Associates, LLC
Martin Feldstein - President, National Bureau of Economic Research
Paul Krugman - Professor of Economics, Woodrow Wilson School, Princeton University
Lawrence Summers - Charles W. Eliot University Professor, Harvard University
Ernesto Zedillo, Director, Yale Center for the Study of Globalization, Yale University, and former President of Mexico
Gerd Häusler - Vice-Chairman Lazard International
Abdulatif Al-Hamad - Chairman, Arab Fund for Economic and Social Development
Montek Singh Ahluwalia - Deputy Chairman, Planning Commission, India
Mario Draghi - Governor, Bank of Italy
Philipp Hildebrand, Vice-Chairman, Swiss National Bank
Kenneth Rogoff, Professor,Harvard University
Tharman Shanmugaratnam, Minister of Finance, Singapore
Tim Geithner, Current United States Secretary of the Treasury

Senior Members
William McDonough - Chairman, Public Company Accounting Oversight Board
William R. Rhodes - Senior Vice Chairman, Citigroup
Ernest Stern - Partner and Senior Advisor, The Rohatyn Group
Marina v N. Whitman - Professor of Business Administration & Public Policy, Ford School of Public Policy, University of Michigan
Emeritus members
Rt. Hon. Lord Richardson of Duntisbourne - Honorary Chairman
Erik Hoffmeyer - Former Chairman, Danmarks Nationalbank
Shijuro Ogata - Former Deputy Governor, Bank of Japan
Richard A. Debs - Advisory Director, Morgan Stanley
Wilfried Guth - Former Spokesmen of the Board of Managing Directors, Deutsche Bank
Sylvia Ostry - Distinguished Research Fellow, Munk Centre for International Studies, Toronto
Gerhard Fels - Former Director, Institut der deutschen Wirtschaft
John G. Heimann - Senior Advisor, Financial Stability Institute
Toyoo Gyohten - President, Institute for International Monetary Affairs
Peter Kenen - Senior Fellow in International Economics, Council on Foreign Relations
Jacques de Larosière - Conseiller, BNP Paribas

The second name on the list is the Chairman/Vice Chairman of AIG does this smell like rat? What in the world is going on here? We need to learn the F.A.C.T.S.

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