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Keyword: bailout

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  • AOC Demands We Bail Out New York City Cab Drivers

    10/01/2019 12:15:32 PM PDT · by SeekAndFind · 50 replies
    Hotair ^ | 10/01/2019 | Jazz Shaw
    Last week, freshman Democrat Alexandria Ocasio-Cortz (a.k.a. AOC) decided to jump into the issue of New York City taxi drivers and the financial problems they’ve been facing in the era of the gig economy. Even though she’s a federal elected official, I don’t knock her for entering the debate since many of her constituents are directly affected. Her solution, however, leaves much to be desired. She’s calling for a joint federal-municipal bailout for the drivers who have been drowning in debt since the value of their medallions totally collapsed. (Daily Wire) On Thursday, Rep. Alexandria Ocasio-Cortez (D-NY) demanded that...
  • Fed Admits Failure of Plan A to Control Money Market Rates, Shifts Back to Repos ...

    09/20/2019 11:35:56 PM PDT · by Yosemitest · 119 replies
    WolfStreet.com ^ | 20 September 2019 | Wolf Richter
    Fed Admits Failure of Plan A to Control Money Market Rates, Shifts Back to Repos (which was Plan A till 2008) The hullabaloo in the repo market torpedoed the function of Interest on Excess Reserves and forced the Fed to go back to the future. With its announcement this morning, the New York Fed confirmed that the Feds Plan A of manipulating the federal funds rate into its target range now between 1.75% and 2.0% has miserably failed, and that it will switch to Plan B to control short-term interest rates. But this Plan B used to...
  • After the Mortgage Crisis Bailout: Have Fannie and Freddie Paid the Taxpayers Back Yet?

    09/20/2019 11:52:59 AM PDT · by SeekAndFind · 4 replies
    RCM ^ | 09/20/2019 | Alex Pollock
    The distinguished judges of the U.S. Court of Appeals for the Fifth Circuit have considered how much Fannie Mae and Freddie Mac have paid the Treasury Department to compensate the taxpayers for the giant bailout which kept Fannie and Freddie in existence and business. The court observed in its September 6 judgment: The net worth sweep transferred a fortune from Fannie and Freddie to Treasury. Specifically, Treasury had disbursed $187 billion and recouped $250 billion. The net worth sweep is the dividend on the senior preferred stock in Fannie and Freddie acquired by the Treasury in the bailout. Originally set...
  • Sanders and Warren Have a $1.6 Trillion Bribe for Voters: The Student Loan Bailout

    07/09/2019 9:31:37 AM PDT · by SeekAndFind · 15 replies
    Frontpage Mag ^ | 07/09/2019 | Daniel Greenfield
    Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is an investigative journalist and writer focusing on the radical Left and Islamic terrorism. 62% of Democrat primary voters have a college degree. 29% have a postgrad degree. Thats in contrast to a national average of a third of Americans with college degrees and only around 13% with postgrad degrees. Those postgrad numbers are very significant. MA students make up 17% of student loan borrowers, but 38% of student loan debt. Graduate degree students borrowed $18,120 in one year compared to $5,460 for undergrads. Loan debt hits stratospheric numbers...
  • Obama Tied Donors Who Trafficked Aborted Baby Parts From Planned Parenthood, Arrested

    02/27/2019 9:24:06 AM PST · by rx · 36 replies
    Explain Life ^ | 26 FEB 2019 | Chief Editor of Explain Life
    Two wealthy Ecuadorian brothers, Roberto and William Isaas, who were owners of companies fined and ordered to shut down for illegally trafficking world-wide in aborted baby parts purchased from Planned Parenthood, were arrested by ICE on February 13, 2019. [snip] Roberto and William Isaias, who fled Ecuador to avoid 8-year prison sentences, were principals in California companies DaVinci Biosciences and DV Biologics, and the two career criminals were allowed to stay in the United States by Hillary Clintons State Department under suspicious circumstances after they donated hundreds of thousands of dollars to Barack Obamas 2012 campaign fund.
  • A decade after the 2008 crash, were repeating its mistakes

    09/07/2018 6:16:58 AM PDT · by ChicagoConservative27 · 38 replies
    theglobeandmail ^ | 09/07/2018 | Doug Saunders
    Ten years ago this week, I was in Madrid on a Monday afternoon, watching as some of the 26,000 employees of Lehman Brothers spilled onto a Manhattan sidewalk, their mighty investment bank suddenly non-existent. As I could plainly see, this was no mere American crisis: the streets around me were already filling with Spanish and Central American workers forced to walk away from construction projects where work had halted, permanently, their U.S. and European bank financing having suddenly vanished. Over the next couple of days, the world economy ground to a halt, some of the mightiest financial institutions of the...
  • Report: No Obamacare Bailout Package in Omnibus Spending Bill

    03/20/2018 5:24:01 AM PDT · by ChicagoConservative27 · 11 replies
    Multiple lawmakers left a meeting with House Republican leadership on Monday night, confirming that the House version of the omnibus spending bill will not include an Obamacare bailout package proposed by Sens. Lamar Alexander (R-TN) and Susan Collins (R-ME). Congress must pass the omnibus spending bill before midnight Friday or the government will shut down. The proposed bailout package would include Obamacares cost-sharing reduction subsidies for three years and funding a federal reinsurance program for three years in exchange for increased flexibility for states through federal waivers. The program would also expand eligibility for Obamacare copper plans. The removal of...
  • What's Up for Obamacare This Fall? Bailout...from a Republican Congress.

    09/08/2017 6:54:30 AM PDT · by SeekAndFind · 6 replies
    American Thinker ^ | 09/08/2017 | Jon Hall
    On August 22, the Washington Times ran "Senate health panel announces hearings on Obamacare markets" by Tom Howell, Jr., who quoted health committee chairman Sen. Lamar Alexander: "While there are a number of issues with the American health care system, if your house is on fire, you want to put out the fire, and the fire in this case is in the individual health insurance market." Alexander is "pushing for legislation that props up Obamacare's markets, which failed to attract young and healthy people in the early rounds, in part by funding critical 'cost-sharing' reimbursements."  In this effort to...
  • Beware the Obamacare-Industrial Complex

    08/15/2017 4:29:52 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | August 15, 2017 | Stephen Moore
    The danger of a Republican bailout of Obamacare is mounting with every passing day. Moderate Republicans calling themselves the Problem Solvers Caucus are quietly negotiating with Democratic leaders Nancy Pelosi and Chuck Schumer to throw a multibillion-dollar lifeline to the Obamacare insurance exchanges. This bailout, of course, would be an epic betrayal by the Republican Party, which has promised to repeal and replace the financially crumbling health law. Obamacare's apologists object to the term "bailout" for this rescue package. The left prefers the euphemism "stabilizing the insurance market." They claim this is merely a payment to low-income families to help...
  • McConnell to consider bipartisan plan to pay health insurers

    08/05/2017 8:22:15 PM PDT · by Olog-hai · 80 replies
    Associated Press ^ | Aug 5, 2017 4:54 PM EDT | Adam Beam
    A week after an attempt to repeal the Affordable Care Act failed, Senate Majority Leader Mitch McConnell says hed consider a bipartisan effort to continue payments to insurers to avert a costly rattling of health insurance markets. McConnell told reporters Saturday there is still a chance the Senate could revive the measure to repeal and replace Obamacare, but he acknowledged the window for that is rapidly closing. The Kentucky senator noted Republican Sen. Lamar Alexander of Tennessee is working on some kind of bipartisan approach that would involve subsidies for insurance companies. Alexander recently said he will work with the...
  • Democrat Freaks Out After Trump Threatens to Take Away Congress's Obamacare 'Carve-Out'

    08/01/2017 3:22:09 AM PDT · by Helicondelta · 84 replies
    ijr.com ^ | July 30
    President Donald Trump on Saturday threatened to end bailouts for members of Congress and insurance companies if lawmakers don't pass a new health care bill in the near future. If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon, Trump tweeted. Sen. Chris Murphy (D-CT) said Trumps warning is a clear threat to take away health care from members of Congress and their staff. Murphy then asserted that the president does have the power to cut off health care for leg branch employees & crater exchanges. He...
  • Is Trump about to CUT OFF BAILOUT MONEY in Revenge?

    07/31/2017 5:51:27 AM PDT · by davikkm · 32 replies
    IWB ^ | Mark Angelides
    The very premise of Obamacare was flawed, and in fact, it was never even designed to work for an extended period of time. But now that Congress has failed to do away with it, the president is going Full-Tilt in his plans to make the No voters pay. On Saturday, he Tweeted: If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon! At first, it may just seem reactionary, but this is a major threat that will hit the Democrats right where it hurts: in the demographics!...
  • Green Cronyism Gone Wild: It Looks Like The State Of California Is Bailing Out Tesla

    07/19/2017 10:32:20 AM PDT · by Yo-Yo · 18 replies
    Watts Up with That ^ | July 19, 2017 | Wolf Richter
    The California state Assembly passed a $3-billion subsidy program for electric vehicles, dwarfing the existing program. The bill is now in the state Senate. If passed, it will head to Governor Jerry Brown, who has not yet indicated if hed sign what is ostensibly an effort to put EV sales into high gear, but below the surface appears to be a Tesla bailout. Tesla will soon hit the limit of the federal tax rebates, which are good for the first 200,000 EVs sold in the US per manufacturer beginning in December 2009 (IRS explanation). In the second quarter after the...
  • PAULSON'S RIPPED $700B BAILOUT CALLED 'MASTERFUL DECEIT'

    07/17/2009 5:12:13 AM PDT · by Liz · 75 replies · 2,117+ views
    NY POST ^ | 7/17/09 | PAUL THARP
    .......almost every lawmaker blasted Former Treasury Secy Hank Paulson's $700B bailout as a deception and ultimate bait-and-switch ruse. "It was masterful deceit," said Rep. Marcy Kaptur (D-Ohio), hammering Paulson for his initial pleas to Congress a year ago to buy toxic assets.....that went to prop up banks and financial firms......Paulson's payoff to his Wall Street "pals," said one lawmaker. "You misled Congress," said Rep Stephen Lynch (D-Mass). Paulson, he said, concealed his ultimate motive....to give $700B to his pals.'" "You asked us, and not very tactfully, for a blank check," said Rep Mark Souder (R-Ind). ".......if we had known you...
  • The real reason New York US Attorney Preet Bharara was asked to resign

    03/15/2017 6:10:18 PM PDT · by Aria · 63 replies
    The Caribbean Radio ^ | March 15, 2017 | Richard Lawless
    New York Senator Charles Schumer was instrumental in getting Bharara appointed to that position and in return was asked from time to time to do favors for the senator and his allies. Up until recently, President Trump had no idea what was really going on. Once President Trumps staff understood the quid pro quo, they had no choice but to ask for Bhararas resignation. In 2015, Puerto Rico defaulted on $70 billion in municipal bonds. Those involved panicked. There was ample evidence that the issuing agencies were technically bankrupt when they issued the bonds and that they purchased fraudulent credit...
  • Clinton sought secret info on EU bailout plans as son-in-law's doomed hedge fund gambled on Greece

    07/01/2016 1:03:26 PM PDT · by thouworm · 42 replies
    FOX News ^ | July 1, 2016 | Peter Bryne
    In 2012, Mezvinski, the husband of Chelsea Clinton, created a $325 million basket of offshore funds under the Eaglevale Partners banner through a special arrangement with investment bank Goldman Sachs. The funds have lost tens of millions of dollars predicting that bailouts of the Greek banking system would pump up the value of the countrys distressed bonds. One fund, exclusively dedicated to Greek debt, suffered near-total losses. Clinton stepped down as secretary of state in 2013 to run for president. But newly released emails from 2012 show that she and Clinton Foundation consultant, Sidney Blumenthal, shared classified information about how...
  • Grave Danger Elite Bankers Might Make Trump Fail

    01/12/2017 12:35:01 PM PST · by BDParrish · 42 replies
    USAWatchdog.com ^ | January 4, 2017 | Greg Hunter
    Financial expert Lior Gantz says there is good news and bad news for the economy with the election of Donald Trump. Gantz explains, If he changes the equation, it could cause a lot of inflation in the U.S. U.S. banks are so liquid and have so much excess cash because of TARP programs and QE programs that this could prompt them to start lending, and lend to the wrong people. It could prompt the government to start issuing increased food stamps, universal unemployment checks and all kinds of stuff that can create large inflation in the U.S. So, that is...
  • The Economic Stupidity of the Carrier Bailout

    12/02/2016 3:09:18 PM PST · by EveningStar · 88 replies
    National Review ^ | December 2, 2016 | Kevin D. Williamson
    One particularly tough and indigestible nugget of talk-radio stupidity afflicting the guts of conservatism is the idea that there is some sort of fundamental difference between bribing a business with tax cuts and bribing it with a wheelbarrow full of cash. The Trump-Pence bailout of Carriers operations in Indiana provides an illustrative case... Republicans might have had a little bit of a point in the question of general tax cuts: A tax cut and spending are different things, even if the budgetary effects are exactly the same. But in the matter of industry-specific or firm-specific tax benefits of the sort...
  • The return of the insurance company bailout (and this time its the GOP considering it)

    12/02/2016 12:21:46 PM PST · by SeekAndFind · 34 replies
    Hotair ^ | 12/02/2016 | John Sexton
    Republicans have a problem. Their plan to repeal and replace Obamacare won’t work unless they repeal first because Democrats will not be motivated to work on a replacement. However, since Republicans don’t have a replacement bill ready, it could be some time before a replacement, especially one that requires Democratic support, is in place. The current plan to solve this problem is being called repeal and delay, i.e. repeal Obamacare but phase it out over several years so Congress can work on the replacement.As Ed highlighted earlier today, repeal and delay has a big problem. Specifically, once the GOP...
  • Wikileaks: "Another victory: Student loan reform"

    10/20/2016 5:02:53 PM PDT · by grey_whiskers · 13 replies
    Wikileaks ^ | October 20 2016 | relased via Wikileaks
    Another victory: Student loan reform From:info@barackobama.com To: john.podesta@gmail.com Date: 2010-03-30 18:49 Subject: Another victory: Student loan reform John -- In Spring 2007, on a conference call with students, then-Senator Barack Obama called for major reform to federal student loans: "We shouldn't be providing billions in taxpayer-funded giveaways to private banks. We should be providing an affordable, accessible college education to every American." This morning, President Obama signed those historic reforms into law. Dr. Jill Biden, an educator for 29 years, just recorded a short video explaining what these groundbreaking reforms mean for education in America. Click here to watch: http://my.barackobama.com/StudentLoanReform5...