the joyce foundation, the joyce foundation, they steer $1.1 million in grants to develop and launch the privately owned chicago climate exchange. right here. who is on the board? valerie jarret, and barack obama. they give valerie jarret in 2003 gives the money to the chicago climate exchange. they open up the doors of the climate exchange. thank you. i love you, barack! chicago. so, now we need investors. we have the joyce foundation. they opened the carbon exchange. now we need investors. who can we find? who can we find? a company in great britain called generation something or other. al gore. al gore. and two partners that formerly were at goldman sachs. g-i-m.
the fifth largest shareholder in the chicago climate exchange. gore s company has several former goldman employees on the roster. this is where i took you on what? monday, and said gee, if they re so bad how come we are allowing them to get into the carbon exchange business? c.c.x., fifth largest investor. then goldman sachs themselves step to the plate and they buy 10% of the climate exchange or carbon exchange in chicago. so we have the exchange. we have investors. but we don t have technology. we don t have the big board or the system of selling air. puffs of smoke. so under the leadership of franklin rains, they find the technology. now franklin rains is at fannie mae. remember fannie mae? they are currently one of the bad guys where everyone is saying why is goldman sachs hung out to dry? why isn t freddie or fannie?
isn t fannie mae how did he make all that money? when it was responsible for the collapse? i wonder if congress wants to talk to him now? no. i wonder if congress wanted to tax him 100% on the the bonuses? no. he secured the patent for the big board of this climate exchange, through fannie mae. why? well, the government stands to make a fortune if cap-and-trade legislation is passed. so maybe this is why. maybe this is why nobody cares how much money we re spending in washington, because don t worry, through cap-and-trade we ll make a fortune and pay for all the free candy we re making for everybody and everybody will be happy. they don t know but they ll all get free houses through fannie. yeah. i remember when i was naive, too. a year ago, you might have been able to convince sleepy little me that that were true. i would have stopped looking. unfortunately, we didn t stop looking. and that s not what is happening. first of all, you have to ask if that s true, if we know we are goin
what is it? if it s about the environment, why would i, why would i do it through fannie mae? why would i need cover? why would i not look at what has been tried in europe? in europe it s been a failure. voluntary system. the climate exchange now in the carbon exchange system in chicago is not working. why? because it s voluntary. you buy air. who is going to buy air? lots of air to go around. it s a scam. remember that? you are not going to buy the solt water. okay. so, you need the law. the green movement can t stand on its own two feet. the only time anything green ever happens around the green movement is when money comes out. it s all about the money. even some of the top scientists who believe in global warming say this isn t going to do anything to stop companies from polluting. let medigred digress.
messages. so here is the joyce foundation. he says let s go to the joyce foundation. okay. let s get money. who is again the joyce foundation? started the climate exchange. seed money. they also give money to the tides foundation. remember those guys? they re great. oh, that s sore s george soros. they give money to the center for american progress, you know, where van jones is now staying. isn t that great? that s george soros, too. that is great! hundreds of millions of dollars and apparently nothing better to do with it than ship it to progressive groups. that is great. wait until you see them take their top off. so, franklin raines asks enterprise to ask the joyce foundation for some cash. what was the pitch? i m just guessing but we got an idea. we want to start another progressive group. before you know it, that i have hundreds of millions of dollars stuffed dollar by