Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (1 Shares)  
Printer Friendly Page Save As Favorite View Favorites (# of views)   1 comment

OpEdNews Op Eds

Stanley Sporkin: BP's Ombudsman Fixer

By       Message Stephen Lendman     Permalink
      (Page 1 of 5 pages)
Related Topic(s): ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 6/23/10

Author 194
Become a Fan
  (191 fans)
- Advertisement -

Stanley Sporkin: BP's Ombudsman Fixer - by Stephen Lendman

Some call him Stanley the Fixer, Catherine Austin Fitts for one, a former high level government and Wall Street insider, now editor of Solari.com and running Solari, Inc., an ethical online investment firm specializing in preserving family wealth. Besides on her own firm and a wealth of information on important topics, her site provides extensive coverage of Sporkin, including unanswered questions about him.

On September 5, 2006, the Wall Street Journal reported that BP hired him as ombudsman "to hear worker complaints from Alaska and elsewhere in the US," a move to quiet criticism about company operations, given its history of safety and environmental violations, and long record as a serial scofflaw, making daily headlines for the past two months and sure for much longer, keeping Sporkin hyperactive on the job.

"I'll report them as I see them," he said when appointed. "My mandate is to do whatever is necessary to ascertain the facts about and identify solutions for problems that exist today as well as those likely to become issues in the future."

According to Kim Eisler in his Washingtonian.com July 16, 2007 article headlined, "Stanley Sporkin Does Things His Way:"

Sporkin "landed a very big client, BP America, and has been seen around town with (its then) president Bob Malone in tow....attempting to guide (him) through a maze of Capital Hill hearings and state inquests (concerning investigation(s about the company) over everything from Alaska pipeline failures to refinery fires and lost....worldwide CEO in a scandal."

Sporkin calls his job troubleshooting, "leading a team of investigators through the charges and countercharges," using his longtime fixer influence. While his compensation isn't known, "it's said to be substantial - more than (he) ever made during his years as a judge or at the CIA and SEC."

Who then is Sporkin, and what about his dark side? More on the latter below.

- Advertisement -

He's been a partner at Weil, Gotshal & Manges in its Washington, DC office, involved in corporate governance, other litigation matters, arbitration and mediation services. He's also a member of the Gavel Consulting Group with other former judges and senior government officials, and served as counsel to Wall Street Management & Capital, Inc.

Earlier, he served 20 years with the SEC, the last seven as Director of Enforcement, another five years as CIA General Counsel (under William Casey during the Iran-Contra years - more on that below), and 14 years as a US federal judge for the District of Columbia. He's also a CPA and consummate fixer, given his high-level insider connections, now BP's ombudsman representing its interests, not workers or what benefits them. That's cover for his real job.

Serving Wealth and Power Interests

Sporkin made his reputation doing it, including judicially harming Hamilton Securities, approving its takeover, locking out its staff, and seizing its software and databases - its innovative system to save taxpayers billions of dollars in government-guaranteed mortgage loans, what might have prevented the housing crisis and mortgage fraud, what profiteers engineered collaboratively with Washington, as well as the greatest economic crisis since the Great Depression, likely to way surpass it before recovery.

A Case History of Sporkin Shenanigans

- Advertisement -

Catherine Austin Fitts founded and was president of The Hamilton Securities Group, a Washington DC-based investment bank and financial software firm. She explained its establishment as follows:

While serving as Assistant Housing Secretary and FHA Commissioner at HUD (under GHW Bush), she "tried (in vain) on numerous occasions to persuade (HUD Secretary) Jack Kemp and his staff not to propose new policies that would result in the abrogation of government contracts or contractual obligations with respect to financial assets."

Had she succeeded, it might have prevented the housing bubble, mortgage fraud, and spillover financial crisis, destroying the wealth, jobs, home ownership, and futures of millions of Americans, what didn't happen by chance, what was engineered and implemented over years to let Wall Street and other profiteers earn billions at the public's expense.

Next Page  1  |  2  |  3  |  4  |  5

 

- Advertisement -

View Ratings | Rate It

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Related Topic(s): ; ; ; , Add Tags
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert