For years, especially as the Obama administration progressed further into the shadows, many claims emerged that Obama and his network of shady friends were up to no good.
Turns out, many of those claims very well could be true, according to a new bombshell report.
A new book released on Tuesday by Peter Schweizer, the author of “Clinton Cash,” claims that former President Barack Obama used his executive powers to financially benefit his close friends.
Schweizer’s new book, “Secret Empires: How Our Politicians Hide Corruption and Enrich Their Families and Friends,” claims that Obama would attack certain industries, which decimated the value of certain companies that his friends would then swoop in and buy. The Washington Examiner reports:
… Obama and his administration would deem industries either destructive to the environment or exploitative for the financial and professional gain of his friends, including industries such as coal mining, offshore drilling, cash advance companies, and for-profit colleges.
The book highlighted Marty Nesbitt and Harreld Kirkpatrick III, both former basketball players and close friends of the Obamas, who launched their private equity investment firm Vistria in sync with Obama’s re-election in 2012.
Unlike other investment funds that avoid highly regulated industries, Vistria was specifically focused on the fields that Obama was busy regulating.
In the book, Schweizer writes, “A curious pattern began to emerge. Obama and his administration would attack industries with government power, which led to substantially lower valuations for these companies. Nesbitt and Vistria, or others close to Obama, could then acquire those assets for pennies on the dollar.”
Schweizer goes on to write that the most obvious target for this alleged scheme was the for-profit higher education industry, noting that in 2013 Obama targeted institutions like the University of Phoenix, ITT Technical Institute, and DeVry University. The book also notes the close relationship that Vistria had with the Department of Education, saying that some of the department’s officials later left to work for the private firm.
Politics9 mins ago
Famous Artist Paints Masterpiece Of Trump… And What He’s Doing Is Simply Powerful
News10 mins ago
Amazing Photos Of Billy Graham’s House Show He Was A Humble Man To The Very End
News4 mins ago
Famous Artist Puts Nancy Pelosi In Her Place With Head-Turning Image
News8 mins ago
Trump Pulls Plug On VA Swamp… Fires 1,470 Gov. Employees To Save Veterans
News4 days ago
Liberal-Leaning Show That Mocked Christianity Gets Canceled
Breaking6 days ago
BREAKING: Sarah Sanders Plans To Leave White House
News7 days ago
LISTEN: Jim Acosta Caught Spewing Vulgar Language On Hot Mic During Summit
News7 days ago
Pelosi Calls Iran Deal “Masterpiece”… Then Trashes Trump Diplomacy With Kim Jong Un