Judge who blocked drilling moratorium has oil investments

posted at 10:12 am on June 23, 2010 by Ed Morrissey

The pushback started hitting the wire services almost as soon as Judge Martin Feldman overturned the moratorium on deepwater drilling imposed by Barack Obama and Ken Salazar.  It turns out that Judge Feldman has — or rather, hadsignificant investments in a wide variety of oil industry companies, including Transocean, the vendor running the Deepwater Horizon platform at the center of the catastrophe in the Gulf.  No one is actually sure whether Feldman still has those investments or not:

The Louisiana judge who struck down the Obama administration’s six-month ban on deepwater oil drilling in the Gulf of Mexico has reported extensive investments in the oil and gas industry, according to financial disclosure reports. He’s also a new member of a secret national security court.

U.S. District Judge Martin Feldman, a 1983 appointee of President Ronald Reagan, reported owning less than $15,000 in stock in 2008 in Transocean Ltd., the company that owned the sunken DeepwaterHorizon drilling rig. …

Feldman’s 2008 financial disclosure report — the most recent available — also showed investments in Ocean Energy, a Houston-based company, as well as Quicksilver Resources, Prospect Energy, Peabody Energy, Halliburton, Pengrowth Energy Trust, Atlas Energy Resources, Parker Drilling and others. Halliburton was also involved in the doomed Deepwater Horizon project.

Feldman did not respond to requests for comment and to clarify whether he still holds some or all of these investments.

He’s one of many federal judges across the Gulf Coast region with money in oil and gas. Several have disqualified themselves from hearing spill-related lawsuits and others have sold their holdings so they can preside over some of the 200-plus cases.

But as even the AP admits, it hardly makes a difference, thanks to the incompetent handling of the moratorium by the Obama administration:

Although Feldman ruled in favor of oil interests Tuesday, one expert said his reasoning appeared sound because the six-month ban was overly broad.

“There’s been some concern that he is biased toward the industry, but I don’t see it in this opinion,” said Tim Howard, a Northeastern University law professor who also represents businesses and people claiming economic losses in several spill-related lawsuits. “They overreacted and just shut an industry down, rather than focusing on where the problems are.”

That was what Feldman essentially said in his ruling, writing that the blanket moratorium “seems to assume that because one rig failed and although no one yet fully knows why, all companies and rigs drilling new wells over 500 feet also universally present an imminent danger.”

The extent of Feldman’s holdings at present aren’t known at all.  It’s possible that he still holds them, although no one seems to know one way or the other.  It’s also possible that these are smaller investments in a diverse portfolio that would have little influence on Feldman’s legal analysis at all.  In fact, given the facts of the case, that seems a lot more likely than the implication of Feldman being an oil-industry sleeper on the federal bench, just waiting for his chance to strike it rich after 27 years of service on this district court.

Furthermore, most Americans probably have similar investments.  Do you own a 401K or have a company or union pension plan?  You probably own stock in oil interests — and likely quite a bit, in terms of percentage of portfolio.  Over 70% of working Americans are in the investor class, one of the great and unsung revolutions of the 1980s, thanks to changes in tax laws that allowed for massive investment in capital markets.

If Feldman’s decision was wrong or corrupt, an appeals court will overturn it.  Salazar’s announcement of a new moratorium should indicate that the White House doesn’t think it can win on appeal and that Feldman got it right when he noted the failings of their first attempt to stop drilling on already-permitted projects.

Update: Don’t miss an excellent column from the Boss Emeritus today, “Ken Salazar Gets an Ass-Kicking”:

Allow me to be more injudicious: Salazar lied. Salazar committed fraud. Salazar sullied the reputations of the experts involved and abused his authority.

And for what purpose? To exploit the Gulf crisis, appease the eco-extremists, and stymie the economic recovery to which the Obama White House pays oily lip service.

The scientists whose views were misrepresented reportedly received an apology from the evidence-doctoring Salazar, but where are the consequences? Where is the accountability? Terrific news: Salazar, the report-rigger, is in charge of overseeing the new overseer. That’s right. The Teflon Interior Secretary spent Monday afternoonswearing in another bureaucrat, litigator Michael Bromwich, who will head the newly-named “Bureau of Ocean Energy Management, Regulation and Enforcement” (formerly the beleaguered Minerals Management Service).

According to Salazar, Bromwich “will be a key part of our team as we continue to change the way the Department of the Interior does business.” Present company exempted, of course.

Few connect the dots as well as Michelle does, and this column is no exception.  Read it all.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

And what stocks do all the demorats own, the people who conveniently steer hundreds of millions in pork to industries which that just happen to be related to their stock portfolios.

If I didn’t know better I would have a sneaking suspicion that politicians might occasionally be self-centered.

Bishop on June 23, 2010 at 10:17 AM

Is the judge as heavily invested as George Soros is in Petroblas?

Disturb the Universe on June 23, 2010 at 10:17 AM

Show me a Judge that doesn’t have any investments in the oil and gas industry.

lowandslow on June 23, 2010 at 10:18 AM

Where is the press to report Obama is biggest recipient of BP cash? Where is the press to report Obama received 1mil from Goldman in 2008? Now the judge has some oil holdings, big deal! Probably every American who has an investment account has oil holdings – not to mention if you have pension/retirement accounts.

Neuron on June 23, 2010 at 10:18 AM

So the judge may be comprimised because he’s invested in oil.

Would the same people saying that say Nobel Prize winning Obama Energy staffer Stephen Chu is comprimised by his belief that BP will save the world?

hawksruleva on June 23, 2010 at 10:19 AM

Saw this earlier. They sure didn’t waste time did they.If they would only put that much effort looking into Obamas background…..

sandee on June 23, 2010 at 10:19 AM

Meanwhile the federal government has stopped the dredging for sand berms off the coast of LA to protect the wetlands from the Obama Administration’s gross managerial incompetence.

Sigh.

leilani on June 23, 2010 at 10:19 AM

So he can’t make an impartial ruling based on the law?

I hate liberals

gophergirl on June 23, 2010 at 10:20 AM

To be fair, BP has a huge investment in Dear Liar’s administration. The Whine and the rest of his bunch should recuse themselves.

rbj on June 23, 2010 at 10:21 AM

Well I had bonds in GM, I wish the Judge that OK’ed the screwing of the GM stake holders or non-union pensioners had a vested interest in GM. Maybe he would have understood what damage the government was causing.

whbates on June 23, 2010 at 10:21 AM

Ohhhhh…..oil investments…..hoogly boogly.

BP had $21 Million invested in Obama. Don’t hear the media talking much about that.

dczombie on June 23, 2010 at 10:22 AM

U.S. District Judge Martin Feldman, a 1983 appointee of President Ronald Reagan, reported owning less than $15,000 in stock in 2008 in Transocean Ltd.,

$15K. Don’t make me laugh. Conservatives invest while liberals spend all their dough or bury it in CDs.

Americans need to decide in 2010 and 2012 whether they want the country to be hijacked by far left environuts through 2016. It’s time to purge these a**hats at the polls.

BuckeyeSam on June 23, 2010 at 10:22 AM

I want to know what Congresscritters are invested in Fannie and Freddie and the banks they bailed out.

UnderstandingisPower on June 23, 2010 at 10:23 AM

Almost all of the money I have left in the market is invested in oil stocks… Not many places to invest in right now.

Keemo on June 23, 2010 at 10:23 AM

The MSM is all over this, but not Soros and Brazilian Oil, or Scooter and BP? I’m shocked, I tell you. Shocked!

kingsjester on June 23, 2010 at 10:24 AM

Congressional regulators have stocks in the industries they oversee, and their stocks perform better than the average person.

Don’t hear anyone whining about that.

lorien1973 on June 23, 2010 at 10:24 AM

The Occidental Jurist?

jamie gumm on June 23, 2010 at 10:24 AM

Show me a Judge that doesn’t have any investments in the oil and gas industry.

lowandslow on June 23, 2010 at 10:18 AM

Show me most anyone’s portfolio that doesn’t have some oil in it!

Oink on June 23, 2010 at 10:25 AM

I heard earlier that Salazar is going to issue a brand new drilling moratorium today to go around this judge and get his way regardless of the court injunction, and the pleas of Gov Jindal to listen to the judge’s ruling.

This administration is flaunting the law and separation of powers, checks and balances.

Talk about an “Imperial Presidency”. Good grief.

Brian1972 on June 23, 2010 at 10:26 AM

How does this change the fact that Interior Secretary Salisleeze lied in his report?

lm10001 on June 23, 2010 at 10:26 AM

These people are as predictable as the sunrise. They have absolutely no credibility left whatsoever.

Tell you what, MSM: When we start talking publicly about this administrations close ties to BP, George Soros and Petrobras, then we’ll start questioning this judge’s investments in local industry. Until then, shut your pieholes.

NoLeftTurn on June 23, 2010 at 10:26 AM

The entire country has oil investments. If we don’t keep drilling in the Gulf than we are more screwed than we are already screwed.

Ordinary1 on June 23, 2010 at 10:27 AM

Show me most anyone’s portfolio that doesn’t have some oil in it!

Oink on June 23, 2010 at 10:25 AM

No kidding, Micheal Moore’s portfolio contained investments in Exxon Mobil, Halliburton and even Boeing and Lockheed Martin.

Profit is profit.

Brian1972 on June 23, 2010 at 10:28 AM

Judges have money usually, money comes from somewhere, people invest money, oil and energy is ( Or still is for now ) good investment. It’s a moot point. It would be like accusing the judge of misconduct if he owned a toyota, yet found toyota not-guilty on a charge.

tx2654 on June 23, 2010 at 10:28 AM

Question: Did the Judge have investments in companies that were parties in the suit?

If so, my understanding is he needed to recuse himself.

Lots of questions here.

SteveMG on June 23, 2010 at 10:30 AM

It doesn’t make any difference that Obama is received that largest donations from BP but it’s a big deal that the judge may or may not have held stock? I love the press.

Cindy Munford on June 23, 2010 at 10:30 AM

Decade after decade of successful leftist reliance on the courts to move their agenda forward and nothing but meaningless whining from the girlymen on the right.

Now as the right will need to use the same tactics to stymie Obamas agenda, the left will give us a lesson on how to deal with a judicial branch that runs counter to their philosophy.

For the girlymen Republicans: watch and take notes on how real political animals deal with the court system.

rickyricardo on June 23, 2010 at 10:31 AM

We all have energy investments if we have a car and a house. We all are tied to the food industry if we buy and eat groceries.
Conflict of interest is if you have a case and you are a director or officer in a company in the case.
Podesta.(Podesta was chairman at ACORN board) owns and runs Climate Progress and Center for American Progress and lobby for BP. That is a paid conflict of interest if they help craft policy.

seven on June 23, 2010 at 10:31 AM

Judge who blocked drilling moratorium has oil investments

President who imposed drilling moratorium has a deep-pocketed financial backer with foreign oil investments

See how easy it is to play this game?

ya2daup on June 23, 2010 at 10:32 AM

And the California judge who’s hearing the Prop 8 case is gay.

DelD on June 23, 2010 at 10:33 AM

Question: Did the Judge have investments in companies that were parties in the suit?

If so, my understanding is he needed to recuse himself.

Lots of questions here.

SteveMG on June 23, 2010 at 10:30 AM

The suit was brought by a Louisiana offshore oilfield services company, I think they operate the tender ships that serve the platforms, not the companies listed that are involved in the spill itself.

Brian1972 on June 23, 2010 at 10:33 AM

Hey hey hey hey…

What about Obama’s connection with Petrobas ($2 billion loan), George Soros’ investment in Petrobas, and how Petrobas benefits from the moratorium? Huh? That’s a lot more criminal than a judge who has investments in a US COMPANY.

Don’t let them distract you from the real crime.

Daggett on June 23, 2010 at 10:33 AM

Liberals have made judicial activism and predetermined rulings an art form. It’s really time to ignore the press. They touted military commanders who bashed Bush; now they are defending the chain of command. If people ignored the shills in the press, maybe they’ll go bankrupt sooner.

TimTebowSavesAmerica on June 23, 2010 at 10:36 AM

The judge owned an oil stock? Obviously he doesn’t deserve to live.

Bugler on June 23, 2010 at 10:36 AM

And the California judge who’s hearing the Prop 8 case is gay.

DelD on June 23, 2010 at 10:33 AM

Really?

Vince on June 23, 2010 at 10:38 AM

$15K is “extensive” investments?

angryed on June 23, 2010 at 10:39 AM

So what, Soros has huge investments in Petrobas … and Obama. Brazil — Pertobas, the likely beneficiary of the drill rigs leaving the Gulf. Isn’t that criminal?

Does Obama do everything Center for American Progress asks of him? And why isn’t that an impeachable crime. The alien president.

tarpon on June 23, 2010 at 10:40 AM

I admit it. My family depends on oil, thus the liberals have pointed out that I have no say on whether or not I am forced to switch to “green” technologies, which liberals have invested heavily in.

GardenGnome on June 23, 2010 at 10:41 AM

Furthermore, most Americans probably have similar investments.

I invested about $40 in “oil” yesterday by filling my gas tank. So, yes, I’m biased toward oil companies, along with just about everyone else.

We’re all tainted. Get over it.

ZenDraken on June 23, 2010 at 10:42 AM

Is the judge as heavily invested as George Soros is in Petroblas?

Disturb the Universe on June 23, 2010 at 10:17 AM

exactly! and all of a sudden this potential conflict of interest is news why? the congress and regime rats do it as everyday business.

NY Conservative on June 23, 2010 at 10:43 AM

What I love about the left is that having a passive investment in their minds makes one too biased to sit as a judge on cases involving the industry involved, but if someone spends their entire life advocating for leftist causes – say being a high official in the ACLU, or NOW, or some other organization – they don’t believe the person is biased.

Just like they can believe this judge ruled the way he did b/c he might have some investment, but can’t believe that the media – which overwhelmingly in poll after poll after poll – self identify as liberals, are biased.

the constant ability of those on the left to passionately hold 2 simultaneously opposing views always surprises me.

The same way the left is famous for “question authority” and is scarred of the gov’t when it involves the military or police, but loves bigger and more powerful gov’t with respect to everything else is amazing.

If you ever actually talk to a leftist, they believe in all kinds of conspiracies amongst the gov’t and corporations, etc., and yet always want to give the gov’t more power and control. It’s insane.

Monkeytoe on June 23, 2010 at 10:46 AM

i bet he drives a car too, that evil so and so.

theCork on June 23, 2010 at 10:46 AM

Cindy Munford on June 23, 2010 at 10:30 AM

+1

cmsinaz on June 23, 2010 at 10:48 AM

Furthermore, most Americans probably have similar investments. Do you own a 401K or have a company or union pension plan? You probably own stock in oil interests

Good point, Ed. I’m a teacher and one of my colleagues is a big lefty who’s always talking about Big Oil, blah, blah, blah. One day I pulled up our pension’s website and showed him that the biggest holding in our pension plan was Exxon-Mobile. Chevron was also a big one and so was Haliburton.

I told him when he retires and cashes his pension check every month he should say a little word of thanks to Big Oil for providing a big portion of it. I told him he should write a letter to the pension plan urging them to divest from “Big Oil”, but he won’t because when it comes to his own retirement, he’d much rather stick with the greedy bastards.

JohnInCA on June 23, 2010 at 10:49 AM

dang the msm is really stretching now…but this will be major news for the next 24 hours with chrissy and his ilk

cmsinaz on June 23, 2010 at 10:53 AM

JohnInCA on June 23, 2010 at 10:49 AM

excellent

cmsinaz on June 23, 2010 at 10:53 AM

Let he/she/it who is without bias cast the first stone.

This is about as ridiculous a story as the AGW sheep claiming that “skeptics” took contributions from “big oil”. What they don’t think that “big oil” paid for the majority of grants given to scientists who worked on the IPCC report?!

kregg on June 23, 2010 at 10:54 AM

And how much did BP invest in Obama?

Christien on June 23, 2010 at 10:54 AM

Al Gore and his extended family are heavily invested in Occidental Petroleum!

honsy on June 23, 2010 at 10:54 AM

I have mutual funds in my 401(K), Roth IRA, and pension, so doesn’t everyone have some investment in the oil industry.

Oil Can on June 23, 2010 at 10:54 AM

Over 70% of working Americans are in the investor class, one of the great and unsung revolutions of the 1980s, thanks to changes in tax laws that allowed for massive investment in capital markets.

That glorious fact will change 1/1/2011.

This administration is dismantling our great country.

itsacookbook on June 23, 2010 at 10:56 AM

Does Obama do everything Center for American Progress asks of him? And why isn’t that an impeachable crime. The illegal alien president.

tarpon on June 23, 2010 at 10:40 AM

Heh. I just like the way that sounds.

Fishoutofwater on June 23, 2010 at 10:57 AM

Timeline:

-Deepwell Horizon explodes

-Administration refuses to permit them implement the plan to burn it at the surface

-Administration refuses to permit them implement the plan to surround it with booms

-Administration refuses to permit them to build berms to protect the coast because they don’t have an Environmental Impact Statement

-Administration declines foreign help as directed by their union bosses

-Administration refuses to move the hundreds and hundreds of other vessels capable of this work into the area because they “may be needed elsewhere”

-Administration stops barges from sucking up oil along the coast and in marshes because the barges may not be properly equipped with fire extinguishers and life jackets. Not with Coast Guard order to stop until they have equipment but with a “Cease and Desist Order” that must be responded to in court before they can proceed

-Administration orders barges that were building berms to stop

Please show me the part that points out that they DO NOT want to make this disaster as damaging as possible.

CC

CapedConservative on June 23, 2010 at 10:59 AM

“Bureau of Ocean Energy Management, Regulation and Enforcement” (formerly the beleaguered Minerals Management Service).

So a name change will make every thing better. Orwell is smiling in his grave.

chemman on June 23, 2010 at 11:01 AM

I think the bigger story is the money and resources spent changing the name of Mineral Manage Services to Bureau of Ocean Energy Management.

This is a typical liberal ploy. Bad press? Bad image? Change the name (ACORN come to mind lately?). So, in these harsh economic times when the government should be looking to cut costs, it makes a purely political move in renaming an agency that will clearly cost millions to do so.

ButterflyDragon on June 23, 2010 at 11:01 AM

One way or another we all have investments in oil. As others have said your 401(K), pension, etc. plus most things you buy have some kind of oil byproduct in them and if they don’t, you can’t make them without oil. But, Kool Aid drinkers don’t care about facts..they believe whatever the Regime wants them to!

Hobbes on June 23, 2010 at 11:02 AM

So, this guy’s relativly meager investment in a firm that is probably losing money hand over fist at the moment TOTALLY NEGATES the fact that the SecInterior LIED about a report’s findings and misrepresented the engineers opinions for political purposes?

That’s where they want to go today?

Techie on June 23, 2010 at 11:04 AM

Every state teacher, fireman, and policeman has in their pension portfolio either one or many oil company’s stock. This doesn’t include IRA’s 401K’s, mutual funds, etc, etc. Almost everyone in the USA who has a pension and other funds is invested in oil because as of April it was safe. Obama hadn’t found a way to confiscate it and “spread it around a little.” He and the thugs of Chicago had various ways into those piles of money, but no one was willing to go there, yet. There were plans to do so, but they were a little too audacious even for the Obama theives. BP problems? Perfecto!

BetseyRoss on June 23, 2010 at 11:04 AM

Over 70% of working Americans are in the investor class, one of the great and unsung revolutions of the 1980s, thanks to changes in tax laws that allowed for massive investment in capital markets.

The good news is the Democrats are working hard to stop Americans from putting their money into risky assets like stocks. Owning stocks may make people like capitalism. US bonds are the safe socialist approved investment.

thuja on June 23, 2010 at 11:05 AM

So, this guy’s relatively meager investment in a firm that is probably losing money hand over fist at the moment TOTALLY NEGATES the fact that the SecInterior LIED about a report’s findings and misrepresented the engineers opinions for political purposes?

That’s where they want to go today?

Techie on June 23, 2010 at 11:04 AM

Sums up the American media rather well….

Keemo on June 23, 2010 at 11:06 AM

So? Have they ever made sure liberal judges weren’t personally connected to cases?

I’m guessing no.

englishqueen01 on June 23, 2010 at 11:07 AM

…..Typical liberal hypocrisy……

……..Obama’s pockets are stacked full of BP,Goldman/Sach’s,and Fannie/Freddie money that liberals and their friends in the MSM have no problem with……

……but this judge having some oil investments is proof of bias and corruption.

……you can’t have it both ways liberals…..if receiving financial gain from entities that are perceived to be corrupt is so unethical…..
………then Obama is the “king of the kickback”

Baxter Greene on June 23, 2010 at 11:10 AM

$15,000? Big whup! Chu got $500 million from BP.

Buy Danish on June 23, 2010 at 11:10 AM

The judge should immediately sell all his US/British oil stocks and invest in China and Brazilian Oil stocks.

barnone on June 23, 2010 at 11:11 AM

If you are a judge who is invested in America, you must rule to torch America or recuse yourself.

Buddahpundit on June 23, 2010 at 11:11 AM

Timeline:

-Deepwell Horizon explodes

-Administration refuses to permit them implement the plan to burn it at the surface

-Administration refuses to permit them implement the plan to surround it with booms

-Administration refuses to permit them to build berms to protect the coast because they don’t have an Environmental Impact Statement

-Administration declines foreign help as directed by their union bosses

-Administration refuses to move the hundreds and hundreds of other vessels capable of this work into the area because they “may be needed elsewhere”

-Administration stops barges from sucking up oil along the coast and in marshes because the barges may not be properly equipped with fire extinguishers and life jackets. Not with Coast Guard order to stop until they have equipment but with a “Cease and Desist Order” that must be responded to in court before they can proceed

-Administration orders barges that were building berms to stop

Please show me the part that points out that they DO NOT want to make this disaster as damaging as possible.

CC

CapedConservative on June 23, 2010 at 10:59 AM

You left off the very first one.

- February, BP reports to MMS well is in trouble. MMS does nothing.

itsacookbook on June 23, 2010 at 11:14 AM

Is the judge as heavily invested as George Soros is in Petroblas?

Disturb the Universe on June 23, 2010 at 10:17 AM

Wow! How could I have missed this particular stimulus program on the evening news? Oh, I know, they NEVER F@#$ING REPORTED IT!!!

manwithblackhat on June 23, 2010 at 11:23 AM

Petrobas does deep water drilling in the Gulf.

By enforcing a moratorium, Obama is giving oil rigs to Petrobas in Brazil.

By guaranteeing $2 billion in loans to Petrobas, Obama is funding Petrobas to do deep water drilling in the Gulf.

So none of this is meant to prevent accidents from deep water drilling in the Gulf.

It is meant to beef up Petrobas (for the sake of George Soros and his beneficiaries) and to damage the US Economy (for the sake of crisis exploitation and for George Soros, who shorts the dollar).

This has absolutely NOTHING to do with saving the environment. It has everything to do with money and power.

This is THE MOST CROOKED administration in my lifetime. They’re a bunch of criminals who should be in jail.

Daggett on June 23, 2010 at 11:24 AM

Update: Don’t miss an excellent column from the Boss Emeritus today, “Ken Salazar Gets an Ass-Kicking”

Good article. Saw it in the NY Post this morning. Worth the read as always!

JetBoy on June 23, 2010 at 11:28 AM

And Obama got lots of money from BP. What’s the point?

capejasmine on June 23, 2010 at 11:32 AM

Salazar lied. Salazar committed fraud. Salazar sullied the reputations of the experts involved and abused his authority.

Only a pathetic looser would abuse his authority like this.
- Sandy Berger

pain train on June 23, 2010 at 11:35 AM

Question: Did the Judge have investments in companies that were parties in the suit?

If so, my understanding is he needed to recuse himself.

Lots of questions here.

SteveMG on June 23, 2010 at 10:30 AM

Lots of questions? You only asked one. What are the others?

dczombie on June 23, 2010 at 11:38 AM

Does the judge have oil investments? Three words about how I feel: I…don’t…care.

Lizzy on June 23, 2010 at 11:40 AM

Louisiana Judge Held RIG Stock; N.C. Rep. Mel Watt Holds BofA Stock: Which Is Worse?

North Carolina Congressman Mel Watt, ardent supporter of all Fed endeavours, and a Representative who is currently under investigation for holding a fundraiser immediately after passing a materially watered down Fin Reg reform, not to mention prominent lobbyist of all sorts of banking interests (including those of home state based Bank of America) held and still holds between $15,001 and $50,000 of Bank of America stock (and between $1,001 and $15,000 in BB&T stock) according to his May 14, 2010 disclosure. This is a rhetorical question.

Rae on June 23, 2010 at 11:41 AM

Is it even possible to have a retirement fund and not own utilities, oil and gas, etc?

Just curious.

jeff_from_mpls on June 23, 2010 at 11:52 AM

Glad to see that the AP has the initiative to do a background check on a judge. Maybe someday they’ll put Barry on their to-do list.

obladioblada on June 23, 2010 at 11:54 AM

Louisiana Judge Held RIG Stock; N.C. Rep. Mel Watt Holds BofA Stock: Which Is Worse?

Rae on June 23, 2010 at 11:41 AM

BP held $21 Million in Obama stock. I think that’s worse. A lot worse.

dczombie on June 23, 2010 at 11:55 AM

Just about anyone with a pension fund or shares in a mutual fund with equities has oil company stock.

alice on June 23, 2010 at 11:56 AM

Who doesn’t?!?

tgillian on June 23, 2010 at 12:05 PM

News flash:

We are ALL invested in “Big Oil” in one way or another, in the sense that we depend on it.

The gasoline we get from it is just a start. Everyone here knows how many other products are derived from petroleum. The keys I’m hitting to type this are petroleum based. The insulation on the cable carrying it to the outside world is petroleum based.

I could go on, but who’s got that kind of time?

CurtZHP on June 23, 2010 at 12:14 PM

Are we now going to see photoshops of Judge Feldman at tea party rallies?

PattyJ on June 23, 2010 at 12:15 PM

Everyone who has stock has oil stock. Try to find a judge who hasn’t!!

jeanie on June 23, 2010 at 12:16 PM

Dumbass President who banned drilling has investments in “green” energy. It’s a tie.

Ronnie on June 23, 2010 at 12:20 PM

Standard Rules of the Left:

1. All opponents of insane Leftist schemes must be completely devoid of knowledge of the subject and must have no constructive interest in the subject.

2. Rule 1 above does not apply to supporters of insane Leftist schemes.

/insanity>

landlines on June 23, 2010 at 12:21 PM

Why does the liberal elite media hate America?

d1carter on June 23, 2010 at 12:23 PM

Is it me or have things in this country become surreal under the twisted ‘leadership’ of O. It’s like reading about Wonderland, or the Hitchikers Guide or Monty Python—it’s that insane(without the funny!).

jeanie on June 23, 2010 at 12:29 PM

Hey! The Federal Government just got $20B from BP… they are not a disinterested party to the suit either. The government really should divest itself of all private funds, corporations, agencies and anything that has any stake in the private sector, at all. If you want squeaky clean, then start at the top… not with the corrective device trying to handle the crap in the system.

Until the federal government rids itself of these interests it cannot be said to be taking a part in this for the interest of the American people. The government by taking up funds and trying to run parts of the private sector should be automatically excluded from regulating those parts as a conflict of interest. A deep one, at that.

ajacksonian on June 23, 2010 at 12:32 PM

So does everyone with a 401K. BFD.

Vashta.Nerada on June 23, 2010 at 12:48 PM

I’m just glad Al Gore’s massive wealth and investments in carbon credit crap never influenced him when testifying, and being taken seriously, in front of congress on global warming.

PatMac on June 23, 2010 at 1:25 PM

Any ruling or statement that opposes the boy-king must not only be countered, the source must be attacked and destroyed if possible. It’s the Chicago way and will continue until all possible opposition is cowed.

Extrafishy on June 23, 2010 at 1:51 PM

What about the promoters of cap and tax, the Green shills that are invested heavily in the Chicago Climate Exchange? Shall we investigate where Salazar is invested vie the FOIA?

The whole Lefty argument is absurd, meant to bollix the efforts toward a quick resolution to an economic and ecological travesty.

onlineanalyst on June 23, 2010 at 1:54 PM

The yapdog press gets it “right” – bark at everything but your master.

Just like they’re playing along with the ACORN name change – despite confessions to the FBI, it’s just too “confusing” to follow all the different names so they stopped covering it.

Now, go ape over a judge’s minor investment, ignore the billions involved on the other side.

Freedom of the Press is one of the greatest ideas ever. What was it for again?

We seriously need a concerted attack on the yapdog media. I know it’s a terrible time for talk of investing, but there HAVE to be enough people interested in serious, non-ideological journalism to support ONE national media outlet.

I know FOX is less ideological than their reputation implies, but between all the sensationalism and the Saudi investments, there are compromises. I mean like a news agency that doesn’t lie and spin like AP or Al-Reuters.

Merovign on June 23, 2010 at 2:07 PM

BP had $21 Million invested in Obama. Don’t hear the media talking much about that.
dczombie on June 23, 2010 at 10:22 AM

Hum lets see.
BP invested $21 Million in Candidate Obama.
BP got an exemption from environmental regulations from President Obama.

That sure looks like BP bought an exemption from environmental regulations from President Obama for $21 Million.

DSchoen on June 23, 2010 at 2:40 PM

reported owning less than $15,000 in stock in 2008 in Transocean Ltd., the company that owned the sunken DeepwaterHorizon drilling rig

So does the CTA, California Teachers Associating along with millions of 401K plans.

$15K is chump change.

DSchoen on June 23, 2010 at 2:43 PM

The media is making a big deal out of this because they realize how stupid a large part of the American public is.

chris999 on June 23, 2010 at 3:09 PM

Blue Horseshoe loves Petrobras.

Dr. ZhivBlago on June 23, 2010 at 3:57 PM

Ed – The ridiculously biased “piece” that you originally linked to has gone down the memory hole :)

rvastar on June 23, 2010 at 3:58 PM

Saw this earlier. They sure didn’t waste time did they.If they would only put that much effort looking into Obamas background…..

sandee on June 23, 2010 at 10:19 AM

Exactly. They knew, but chose this fate. Criminal negligence.

scotash on June 23, 2010 at 8:22 PM

Why does the liberal elite media hate America?

d1carter on June 23, 2010 at 12:23 PM

The KGB bribed, blackmailed, or otherwise removed (killed) all the influential conservative media types that they could during the Vietnam war.

Slowburn on June 24, 2010 at 7:30 AM