http://septvote.blogspot.com/2009/10/no-more-reckless-spending-make-your.html
* "A new report by the Center for Public Integrity finds that over 2,000 lobbyists, including representatives of the financial industry, are pressing for the cap-and-trade scheme to create an artificial carbon emissions trading market that could reach an estimated $2 trillion in paper value.
According to the CPI study, lobbyists for Goldman Sachs and JPMorgan Chase are involved. JPMorgan Chase got $25 billion in TARP money last fall, while Goldman Sachs obtained $10 billion. The stated purpose of the cash infusion was to recapitalize the banks so they could resume consumer lending.
By promoting cap-and-trade, Wall Street is once again betting it can profit from embracing left-wing politics. CEOs see an opportunity to garner praise for themselves as “socially responsible” businessmen while they profit from the sale of renewable energy products, such as wind turbines, and from the trading of carbon dioxide emission credits.
The taxpayer, the consumer and the stockholder will pay."
http://www.nationalcenter.org/NPA585.html
How will the government really distribute the trillions of dollars in carbon credits? Will the Wall Street lobbyists be the first in line? Can they buy up a lot of old, unused shell companies and go to the front of the lucrative government "carbon credit" line, and then resell the credits for billions of dollars to legitimate companies? What loopholes and special favors are hidden in Cap and Trade?