Karl Rove inspired targeting of groups effecting the outcomes of Conservative Primaries.
Following the loss of seats due to Tea Party Primary outcomes a boom in applications occurred to establish a greater grassroots support for the party. The organization claiming discrimination often used the same address on their applications. There was reason to take a longer view at these group of applications as well.
...Lois Lerner, the director of the I.R.S. division that oversees tax-exempt groups, acknowledged that the agency had singled out nonprofit applicants with the terms “Tea Party” or “patriots” in their titles in an effort to respond to a surge in applications for tax-exempt status between 2010 and 2012....
...But the leader of one of the groups that cried foul, the Kentucky 9/12 Project, said he had received no such admission from the agency. Eric Wilson, the group’s director, said he never complied with the I.R.S. questionnaire (click here)....
Douglas Shulman was confirmed as IRS Director March 24, 2008 by the former President Bush. Shulman is pure Wall Street, he has no allegiance to the Koch Brothers.Commissioner Shulman began his five-year term on March 24, 2008. He presides over the nation's tax administration system, which collects approximately $2.4 trillion in tax revenue that funds most government operations and public services. He manages an agency of over 100,000 employees and a budget of approximately $11 billion.
Mr. Shulman was the person responsible for the sale of the New York Based Stock market shortly before taking his position with the IRS. His role in the changing hands of the American Stock Exchange took place on January 17, 2008.
On January 17, 2008, NYSE Euronext announced it would acquire the AMEX for $260 million in stock; on October 1, 2008, NYSE Euronext completed the acquisition.[5]Before the closing of the acquisition, NYSE Euronext announced that the AMEX would be integrated with the Alternext European small-cap exchange and renamed theNYSE Alternext U.S.
There is more to this than meets the eye and the Obama administration has nothing to do with it.
New York, Oct. 1, 2008 – NYSE Euronext (NYX), (click here) the world’s leading and most diverse exchange group, today completed its acquisition of the American Stock Exchange(R) (Amex(R)), becoming the third-largest U.S. options marketplace and enhancing the company’s leadership in ETFs, cash equities, closed-end funds and structured products. The transaction is expected to produce annualized run-rate cost savings in excess of $100 million by the end of 2009 and be accretive to earnings.
"We welcome the Amex to the NYSE Euronext family," said Duncan L. Niederauer, NYSE Euronext CEO. "This combination is beneficial to our customers and shareholders, further improves our competitive position in U.S. options, ETFs and cash equities, and enables us to realize significant operational efficiencies and new business opportunities. Amex customers will have more products and services available to them and the advantage of leading-edge technology. On behalf of everyone at NYSE Euronext, I want to thank Neal Wolkoff as well as the staff and members of the Amex for their outstanding support."
Neal Wolkoff, former Chairman and CEO of the American Stock Exchange, said: "I am extremely pleased that we have completed this compelling and strategic business combination that joins Amex to NYSE Euronext. Amex’s diverse business groups will enhance the competitiveness of NYSE Euronext’s different product lines and provide new business opportunities to the marketplace."
