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Paul Gillmor Sleeps with the
Fishes
Kurt
Nimmo
Saturday September 8, 2007
Isn’t it strange the ranking Republican on the Financial
Institutions and Consumer Credit Subcommittee of the Financial
Services Committee falls down a flight of stairs and ends up dead?
“U.S. Rep. Paul Gillmor, who was found dead in his apartment
in suburban Washington earlier this week, died of blunt head and
neck trauma consistent with a fall down stairs, according to a
medical examiner’s report released Friday,” the Guardian
reports. “The fall appears to have been an accident, said
Lucy Caldwell, a spokeswoman for the Virginia Department of Health,
which includes the state’s medical examiner’s office….
Police have assessed the scene and found no evidence of foul play,
but the medical examiner’s investigation will not be finalized
until all chemical and ancillary tests are complete, Caldwell
said.”
Call me a tinfoil hat nutbar, but it is awful strange how Mr.
Gillmor plummeted like one of any number of hedge funds he supposedly
regulates. As any student of economics will tell you, when hedge
funds do poorly—as they are now, down 3.2 per cent this
month, the worst since November 2000, when hedge funds retreated
3.5 per cent in a single month—investors pull their money
and head for the hills. In other words, the failure of hedge funds—a
fixed game beyond the pale of the SEC, NASD and other regulatory
bodies—signals a larger failure in the economy as a whole,
including embattled subprime loans.
(Article continues below)
Hmmm. Again, it is interesting a ranking member of the Financial
Services Committee would fall to his death at the precise time
the committee is talking tough—and talk is cheap of course—and
promising a crack down on the carnivorous investment class, if
only because there is an election on the way. Barney Frank, chairman
of the committee, “is studying ways to hold investment funds
that buy subprime loans liable for any practices that violate
new rules against ‘predatory lending,”" reports
the New York Times. “But mortgage lenders, a powerful lobbying
force in Washington with considerable support from Republicans,
are certain to fight the Democratic proposals,” as they
will not surrender their piranha-like lending practices without
a fight. “Subprime lending has grown at an explosive pace
for the last decade, with about $1.2 trillion outstanding.”
Holy cow, that’s a lot of dinero… and the investment
vultures, forever circling sharp-eyed in search of fresh meat,
will not likely go quietly into the good night.
Is it possible they pitched Mr. Gillmor down a flight of stairs,
maybe just to send a message about the inadvisability of financial
reform?
People have died for less—a whole lot less.
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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