Patent, Patent, who's got the Patent (and which one)?

To All:

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.

The 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.

The reason 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,


"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, 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, 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 inventors.


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, 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.,2933,593085,00.html

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 yourself:,2933,593085,00.html