OBAMACARE CORRUPTION: SENATOR CAUGHT SHORTING STOCKS HE DEMONIZED
GOP senator uses Obamacare scheme to enrich himself
Jerome Corsi
Infowars.com
APRIL 13, 2017
WASHINGTON, D.C. – Tennessee Republican Sen. Bob Corker, in his dogged determination to see Fannie Mae and Freddie Mac shut down, has frequently criticized hedge funds in their attempt to make money from the two Government Sponsored Entities (GSEs).
Corker’s critics have criticized him for his hypocrisy, producing evidence Corker himself profited from a strategy to short Fannie and Freddie in 2007 and 2008, while maintaing an investment portfolio that has invested as much as $50 million in the same hedge funds Corker attacks as “vultures” corrupting Washington.”
As Infowars.com has previously reported, in 2006, Henry Luken, a long-time Corker business associate and political backer, acquired from the then-Chattanooga mayor Bob Corker tens of millions of dollars in risky real estate holdings that were headed underwater, providing Corker the capital he needed to complete his successful run for the Senate.
After lending his campaign $4.2 million from the Luken transaction into his Senate campaign, giving Corker virtually all the money he spent in the final weeks of the campaign, Corker narrowly defeated his Democratic challenger Harold E. Ford, Jr., 51 percent to 48 percent, outspending Ford by $18.6 million to $15.6 million.
According to his Senate financial disclosures, upon his arrival in the Senate ,, Corker began using the proceeds from the Luken transaction to shift tens of millions of dollars to a series of hedge funds, including Chattanooga-based Pointer Management Company, whose founder, Thorpe McKenzie, was a political supporter of Corker and an investor in Luken’s companies.
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