A CityStink Editorial
Originally posted on CityStink
December 14, 2011
By Al Gray
The author, Al M. Gray is President of Cost Recovery Works, Inc., a provider of Cost Avoidance and Cost Recovery for America’s leading companies, businesses and governments desiring Superior Returns.
When CityStink.net and Augusta Today contributor Al Gray put up (this warning shot of a youtube video, few paid attention. (see video below)
When CityStink replayed this short presentation two thoughts about current events leap to mind.
Nathan Deal’s Columbia County Chairman, Trey Allen, whom Al Gray directly warns in this video, is now in dire straits politically, economically and professionally because Deal “rewarded” him by appointing him to the board of the Department of Community Affairs (DCA). DCA is financing the hated Magnolia Trace subsidized housing development in the heart of Allen’s Martinez District of the Columbia County Commission. The citizens furor is stoked by Allen’s DCA post and his early meeting with the developer in the county attorney’s office.
Trey Allen could have heeded the warning and resigned from Deal’s campaign. Voters in the Georgia CSRA rejected Deal 2:1 and 60% to 40% in Columbia County, despite the entire political power structure standing behind Deal, including Rep. Barbara Sims, in whose district Magnolia Trace is to be built.
Then yesterday’s national news struck like a thunderclap. The U.S. Senate questioned MF Global CEO Jon Corzine about billions of dollars that were transferred out of customer CASH accounts and into his company’s accounts when the later came up short. Market Tickerguy and CPAC 2009 honoree Karl Denninger wrote this in an article yesterday – “Prior to the CFMA of 2000 customer funds could not be invested in other than municipal or US Government debt fully guaranteed by the US Government…..As it stands right now any account you hold at any brokerage can be effectively stolen through being lost via the same mechanism. Got that? Good. Your 401k, IRA, anything — all at risk.”
Mention of the CFMA of 2000 sent us back to Al Gray’s July 2010 video of warning. Yes, CityStink knows Gray’s economic and financial alarms seem incomprehensible to the layman, but this video is worthy of a careful and complete hearing. Why? It lays the responsibility for this devious act of Congress at the feet of Nathan Deal and tells of the consequences if the Dealer became governor. It tells of what lies ahead from Deal and company’s ruinous votes in Congress.
Now the ruin that lies in the wake of everything Nathan Deal touches is being visited on us. Ask the folks of Magnolia Trace. Ask ‘cash’ account holders at MF Global. Ask, the dismissed and forced-out staff of the Georgia Ethics Commission shortly after they received a complaint against – Nathan Deal.***
The voice crying from the wilderness was right.
Heck, ask Trey Allen. He looks to be the ultimate bad Deal victim.