Is Obama Responsible for McCrudden’s Threats?

McCrudden photoThe FBI’s reported arrest of money manager Vincent McCrudden for allegedly making threats to kill members of the Securities and Exchange Commission (SEC) and other government officials prompts the question of what role, if any, anti-capitalist and anti-Wall Street rhetoric played in his actions. If the logic of the Left that was applied to the Tucson shootings – that Tea Partiers and Sarah Palin somehow had something to do with Jared Loughner’s rampage –  should not President Obama and other politicians be held responsible for McCrudden’s threats?

According to, a Vincent McCrudden made a $2,300 donation to Obama for America on April 19, 2007.

Of course, Obama’s anti-banker and anti-Wall Street rhetoric was just that. In the wake of all the bailouts, Obama is actually the best friend the big banks and Wall Street have ever had. But does that mitigate the potential impact of his words on unstable minds?

According to an October 27, 2009 press release, McCrudden filed a $1 billion lawsuit against various officials of the SEC, FINRA, CFTC and NFA. McCrudden makes clear his feelings about these government regulators:

The above named entities operate like organized crime and use additional enforcment (sic) agencies like the US Attorneys Office, the FBI and US Marshals offices like their “capos”. For example, Chris Veetch at the US Attorneys office in Chicago does the bidding for the NFA out of Chicago. Dan Driscoll at the NFA in particular operates as a mafia “don”. One of his former colleagues has stated that, “Driscoll routinely stacks committees to get the decisions he wants”. In Mr. McCrudden’s case for regsitration (sic), Mr. Driscoll hand picked Charles Nastro, the former Chairman of the NFA, to rule against Mr. McCrudden and then libel Mr. McCrudden by printing and publishing lies.

One former attorney for the CFTC of 25 years has stated that, “the CFTC is the most criminal entity in the US Government.” Mr. Gensler, new Chair at the CFTC, is busy establishing new derivative rules and regulations to surely benefit his old firm, Goldman Sachs.

I do not believe that Palin is responsible for Loughner, nor do I believe Obama is responsible for McCrudden. I myself have been harshly critical of Goldman Sachs, Citigroup, JPMorgan Chase and the bailouts they have enjoyed. The criticism is deserved and it will continue.