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OpEdNews Op Eds    H3'ed 6/23/10

Stanley Sporkin: BP's Ombudsman Fixer

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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.


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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.

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A Case History of Sporkin Shenanigans


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."

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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.


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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.
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