> Obama Regime Report < Obama Regime Report: Stimulus fraud could hit $50 billion, I Thought No One Messes With Joe?

Today's world headlines

Friday, June 12, 2009

Stimulus fraud could hit $50 billion, I Thought No One Messes With Joe?

So where's Obama's sheriff who was supposed to keep the fraud to a minimum which isn't even acceptable to me as a simple executive order calling any Stimulus fraud crimes to be met with the stiffest imprisonment and penalties available would get it closer to zero than the 10% they claim is inevitable.

Well I have a foolproof way of stopping stimulus fraud, stopping the Porkulus package that created the fraud possibilities in the first place since it itself is a 8 trillion dollar fraud being perpetrated against the taxpayers of America we can all see has been worth squat up to now and is an ObamaBoondoggle and nothing less.

Stimulus fraud could hit $50 billion - MarketWatch: "NEW YORK (MarketWatch) -- Swindlers, con men, and thieves could siphon off as much as $50 billion of the government's planned stimulus package as the money begins flooding the economy in coming months, according to David Williams, who runs Deloitte Financial Services Advisory and counsels clients on fraud prevention.

Williams predicted that about $500 billion of the total $787 billion stimulus would be channeled into the traditional procurement network for government contracts, while the rest will be spent directly by the government or outside the corporate network.

'The rule of thumb typically is that of the about $500 billion worth of money that's going to run through the procurement process, somewhere between 5% and 10% of that usually finds it way into potential problems,' Williams said. 'That's sort of the benchmark that I use.'

Companies will face increased pressure to try to stem the tide, and need to be prepared to safeguard data as well as the cash, according to Williams."


The urge to save humanity is always a false front for the urge to rule it. H. L. Mencken

No comments:

Post a Comment

Some rules: No leftwing attacks nor Obama supporters so don't waste you're time & especially mine. All 99% others welcome to have your say.

Web chicagoray.com

One last thing...Fair Use, Photoshop Usage, Legal

Statement on Fair Use

This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner or may be authorized or licensed for publication at this site only. Permission to copy, republish or reproduce such material must be obtained from the original copyright owner PHOTOSHOP STUFF.....When the photoshops appear on this site they either have my name on them becuase I made them or tweaked an original in which case I link to the original by clicking the pic. Please take all you want, that's why they're here, just leave the name as is like I do, and I would be eternally grateful. Ask and I'll tweak it for your site if you need it... More here

Back To The Page Top