Patent, Patent, who's got the Patent (and which one)?
I got a large number of
questions about the Business Methods patent for Cap and Trade derivatives. I
only post what I believe to be true, and in most cases I put up links so you can
do your own research. But in the case of Obama, it's not easy. There are often
several layers of disinformation and deception. And some things are unknowable
without subpoenas and a court ruling, and perhaps not even then.
patents (s) on Carbon Cap and Trade derivatives are not quite as elusive as the
infamous birth certificate, or even the hidden school and college records, but I
must confess the issue does stretch credulity. No, I did not make this up. There
is definitely a patent. In fact there may be two of
them, or perhaps the second one preempts the first, and makes it null and void.
Or perhaps there are two patents on the same basic "invention," with different
owners. Glenn Beck and others have reported on "the patent." Glenn even showed
images of one in his show. Issued patents are public records. Some say there may
be as many as four patents.
most companies keep patents, especially Government Contractors, is that they
have their employees sign over their patent rights. In this case, I recall Fanny
Mae did own the second (2006) patent -- very odd for a lending company!!! --
but they gifted it to Raines. Some argue that Government Entities
always own the patents, but I don't know. And I don't think Fanny
and Freddy are deemed to be government entities (though I agree they should be).
Ask your Congress critters who owns the patent, and get them to specify
clearly which patent they
are talking about and if there are two patents. If there are two, ask them who
owns the second one. It would be amusing to learn what they said.
I said Raines owns "the patent." I
said that because that's what was reported by the Patent Office (PTO) when they
were first asked the question. Unfortunately, the PTO (which, of course works
for Obama) has since retracted that statement. I saw reports that said Fanny had
"given" the patent to Raines at the time he left employment with Fanny.
Until recently, most reports said Raines owns "it." But after this hit the news, embarrassing
the Obama Administration, Raines has been saying it's still held by Fanny Mae. A few reports say Raines and Fanny
both share the ownership. Further confusing
matters is that there are (may be) two patents, possibly with different
owners. A variation in this story is that Raines filed a second patent which
Fanny Mae never owned, but which supersedes the Fanny Mae patent. And while
I've worked in high tech all my life and never seen this before, it appears
the second patent was issued
twice (I don't understand how that could be). And
there is another issue that possibly clouds ownership, CO2e.com.
"Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006 -- the day after Democrats took control of Congress. Former Sen. John Sununu, R-N.H., criticized the award at the time, pointing out that it had "nothing to do with Fannie Mae's charter, nothing to do with making mortgages more affordable."
It wasn't about mortgages. It was about greenbacks. The (second) patent, which Fannie Mae confirmed it still owns with Cantor Fitzgerald subsidiary CO2e.com, gives the mortgage giant a lock on the fledgling carbon trading market, thus also giving it a major financial stake in the success of cap-and-trade legislation."
On June 7, 2005, the U.S. Patent and Trademark Office (USPTO) issued Patent
No. 6,904,336 for a "System and Method for Residential Emissions Trading." The
patent was assigned to the Federal National Mortgage Association ("Fannie Mae")
and CO2e.com, LLC of New York. The patent lists former Fannie Mae Chairman and
Chief Executive Officer Franklin D. Raines as the primary inventor. Former
Fannie Mae executives Scott Lesmes and Robert Sahadi are also listed as
A man named Cantor Fitzgerald, who died in the 9-11 attacks, apparently
owned the first patent. Some say when he died, it passed to his widow. Others say it
is owned by CO2e.com, a firm that we know little about.
I expect there is some private, sealed legal agreement that details ownership rights
for one or both of these patents. That is unknowable without a subpoena and a judge's ruling.
In late breaking news, Fox
reports some members of Congress are at present trying to find out how many
patents there are, who owns them, and why. The Obama Administration is
reportedly resisting these requests.
If you find proof of ownership (or the birth certificate, for
that matter) please let me know. In the meantime, I'm going with Raines,
largely because that's what the PTO and he said before it all got "political."
Here are some links if you wish to do some research