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December 3, 2005

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Former FDIC Employee Blows Whistle On FDIC Chairman Donald E. Powell

Temple Hills, MD (BlackNews.com) - FDIC Whistleblower Yolanda Gibson-Michaels says the FDIC Chairman Donald E. Powell should not be in charge of lucrative contracts or oversee Katrina rebuilding for the Gulf region or any other region in the United States. She says since his indoctrination August, 2001, the FDIC Chairman has tarnished the reputation at FDIC. She's requested an immediate non-partisan independent audit and investigation.

Gibson-Michaels say the appointment of FDIC Chairman to "Safeguard against improprieties in awarding lucrative government contracts..." is ludicrous! She says the Chairman's safeguard is like unto to a Wolf watching over Sheep! She reported FDIC's receivership fraud, bank fraud, inside trading, and money laundering impropriety.




She says FDIC Chairman signed as signatory 2002 on the merger of Wells Fargo investments under the guise of a non-compete agreement. Wells Fargo, Wachovia, Northwest formerly Norwest was approved by FDIC Chairman Donald Powell. His title is used interchangeably as the Board of Director, Chairman of the Board, the Company and the Bank. She reports that the "the Company" is a non-existent shell company. She quotes the Chairman statement in the 2002 board meeting, which reads, in part, that:

"2002 and until their respective successors are duly elected and qualified. TheBoard of Directors has nominated William H. Attebury, Danny H. Conklin, Wales H. Madden, Jr., Jay O'Brien, and Donald E. Powell, who are presently the directors of the Company, for election as directors."

She reports that the FDIC Chairman acknowledged his history of contract impropriety within a February 5, 2005, edition of the Arkansas Traveler.

"Powell said he had tried to find ways out of contracts, tried only to remain true to the letter of the law and given money to political candidates who supported his industry but whom he would not personally vote for..."

Gibson-Michaels say the industry the Chairman refers to is his Nubank Investment Center located at http://www.NUBANK.com. The FDIC Chairman is the Director of Nubank, insured by FDIC; and the Chairman of FDIC. She reports that her disclosures are substantiated within an inclusive, detailed oriented 539 page disclosure report available to the general public at the U.S. Library of Congress.

Gibson-Michaels have asserted her rights under the Securities Exchange Commission (SEC) bounty program. She will donate a percentage of proceeds collected against FDIC's Chairman's Wells Fargo, Tejas, Northwest, Enron, Halliburton, Acordia, California Bank and other ill-gotten investments.

She reported FDIC's Division of Finance Director (DOF) as the signatory to former Enron's corrupt official Kenneth Lay. A copy of protected disclosures were provided to Henry Waxman, John Kerry, Senator Edward Kennedy, Congressman Albert Wynn, Nancy Pelosi, Senator John Ensign, Barbara Boxer, Senator Sarbanes, Barbara Mikulski, U.S. Attorneys, and Law enforcement agencies.

FDIC's 3-trillion dollar budget, will benefit poor, sick, elderly, homeless, Autistic children (as her youngest son is severely autistic with a seizure disorder), Hurricane Katrina victims, victims of Wells Fargo Predatory lending, and social programs.

Gibson-Michaels vows to fight against money and greed which supercedes human compassion, morals, values, and ethics. She's requesting donations for law suit funding in her fight against FRAUD, DECEPTION, IMPROPRIETY, AND CORRUPTION.

Gibson-Michaels says she will also hold FDIC Chairman and other corrupt officials accountable for any and all threats, assaults, physical, verbal or harm to her family or personal affects; to and including pets and goldfish.

She says she will never commit suicide or attempt suicide. She will hold FDIC accountable for train, automobile and so-called plane crashes.

She concluded that her 539 page disclosure report mirrors author John Perkins true ordeal (book) entitled, Confessions of an Economic Hitt Man. She reports that she and other whistleblowers are Caught in a Web of Bureaucracy created by Economic Hitt Men.

Send Donations by check or money order to:

Gibson-Michaels Legal Defense Fund
P.O. Box 129
Temple Hills, MD 20757


PRESS CONTACT:
Yolanda Gibson-Michaels
P.O. Box 129
Temple Hills, MD 20757
ygmichaels [at] yahoo.com













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