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Keyword: bailout

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  • 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 Trump’s staff understood the quid pro quo, they had no choice but to ask for Bharara’s 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 country’s 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 Carrier’s 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 it’s 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...
  • Rep. Schakowsky and ShoreBank: New Evidence of Conflict of Interest (IL -yep, her crook husband)

    05/25/2010 9:37:11 PM PDT · by STARWISE · 40 replies · 933+ views
    Big Government ^ | 5-25-10 | Joel B. Pollak
    I have found evidence that may explain the intense interest of Rep. Jan Schakowsky (D-IL) in bailing out ShoreBank, the “community development” bank that has received extraordinary assistance from her and several other “friends in high places.” The New York Times confirms that Rep. Schakowsky played a leading role in the ShoreBank bailout. Yet ShoreBank is not based in Rep. Schakowsky’s congressional district, and she did not help the Bank of Lincolnwood–which is in her district, and failed in 2009–or Park National Bank, which was also active in community development in Chicago until it was closed by federal regulators last...
  • Clinton sought secret info on EU bailout plans as son-in-law's doomed hedge fund gambled on Greece

    10/17/2016 10:20:17 PM PDT · by tired&retired · 49 replies
    Fox News ^ | July 03, 2016 | Peter Byrne
    Hedge fund manager Marc Mezvinsky had friends in high places when he bet big on a Greek economic recovery, but even the keen interest of his mother-in-law, then-Secretary of State Hillary Clinton, wasn't enough to spare him and his investors from financial tragedy. 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 country’s distressed bonds....
  • Deutsche Bank can only be saved by the German government, strategist says

    09/29/2016 9:28:44 AM PDT · by TigerLikesRooster · 33 replies
    CNBC ^ | 2016/09/29 | Matt Clinch
    Deutsche Bank can only be saved by the German government, strategist says Matt Clinch | @mattclinch81 Only a substantial intervention by the German government can stop the collapse of the country's largest lender, Deutsche Bank, according to Stefan Müller, the CEO of Frankfurt-based boutique research company DGAW. "Deutsche Bank doesn't realize that something serious needs to happen," he told CNBC via telephone on Thursday morning. "(CEO John) Cryan clearly showed that he has no idea how to survive." The embattled German lender saw a respite on Wednesday from hefty selling seen in previous sessions amid contradictory reports on whether the...
  • Memo to Congress: No ObamaCare Bailouts

    09/28/2016 10:11:27 AM PDT · by Olog-hai · 5 replies
    Investor’s Business Daily ^ | 09/27/2016 | Nathan Nascimento
    Friday afternoons are the Obama administration’s preferred time to release information it doesn’t want the public to see. Case in point: On Sept. 9, the Department of Health and Human Services (HHS) quietly released a memo indicating its intention to bail out the health insurance companies participating in the Affordable Care Act. Congress — and the American people — should pay attention. Such a bailout is one of the administration’s top goals between now and Dec. 31. But spending billions of taxpayer dollars would only prop up a failing law that continues to harm the people it was supposed to...
  • Clinton sought secret info on EU bailout plans as son-in-law's doomed hedge fund gambled on Greece

    07/01/2016 5:29:13 PM PDT · by blueyon · 22 replies
    FoxNews.com ^ | 7/01/16 | Peter Byrne
    "Clinton sought secret info on EU bailout plans as son-in-law's doomed hedge fund gambled on Greece" Hedge fund manager Marc Mezvinsky had friends in high places when he bet big on a Greek economic recovery, but even the keen interest of his mother-in-law, then-Secretary of State Hillary Clinton, wasn't enough to spare him and his investors from financial tragedy. 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...
  • Puerto Rico Bill Would Usher Is Age Of 'Transparent Cronyism'

    06/08/2016 2:35:26 PM PDT · by K Street Eyes
    For “progressives,” the Nanny State never does enough. They always find new social problems and “unmet needs” that, in their view, can only be addressed by further expansion of government. In that vein, we now have a proposal to take the free school lunch program in schools to next level – college. Since the federal government feeds students in K-12 schools via the National School Lunch Program, it should similarly feed college students who are “food insecure,” argues a new policy brief published by the Wisconsin HOPE Lab. According to authors Sara Goldrick-Rab, Katharine Broton, and Emily Brunjes Colo, the...
  • How Do You Convince Members of an “Independent” Control Board to Follow Your Agenda?

    06/08/2016 9:14:02 AM PDT · by K Street Eyes
    Mainstreet Bondholders ^ | June 8, 2016 | Press Release
    (Brandon Garabrant is seen in his military uniform in Greenfield, N.H., before he was killed in the line of duty, June 20, 2014, in Afghanistan. When Garabrant graduated from high school he wanted to wear his Marine uniform but school officials said policy bans uniforms and requires graduates to wear blue caps and gowns. A new state law passed this year now allows high school graduates to wear their military uniforms if they have completed basic training.) CONCORD, N.H. — Can the cap and gown worn by high school graduates coexist peacefully with military uniforms worn by classmates destined...
  • The GOP Plan to End Wall Street Bailouts

    06/07/2016 6:23:56 AM PDT · by milton23 · 9 replies
    The Daily Signal ^ | 6/7/2016 | Philip Wegmann
    House Republicans are priming the pump for the next president to overhaul much of the financial regulation enacted in the aftermath of the 2008 global market downturn. The GOP plan would repeal and replace most of the Dodd-Frank financial overhaul with a more market-based regulatory scheme. As part of the GOP’s “A Better Way Agenda,” House Financial Services Chairman Jeb Hensarling, R-Texas, was scheduled to unveil details of the simpler, yet stricter, regulation Tuesday morning at the Economic Club of New York. “In a phrase,” he said, summarizing the Republican plan in prepared remarks obtained by The Daily Signal, “we...
  • Atlantic City rescue package goes to Christie

    05/26/2016 5:03:58 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | May 26, 2016 5:38 PM EDT | Michael Catalini
    New Jersey lawmakers on Thursday sent Gov. Chris Christie legislation to keep Atlantic City from running out of cash, throwing the financially strapped resort a life preserver just before the unofficial start to summer this weekend. The Democrat-led Assembly and state Senate approved the measures by wide margins just as the state’s 127 miles of beaches prepare for the Memorial Day holiday. Republican Gov. Chris Christie, who earlier supported legislation allowing for an immediate state takeover of the city’s finances, has said the bill gives him the authority he needs. He stopped short of saying whether he will sign the...
  • Fannie, Freddie and the Secrets of a Bailout With No Exit

    05/21/2016 7:26:36 AM PDT · by Lorianne · 8 replies
    New York Times ^ | 20 May 2016 | Gretchen Morgenson
    When Washington took over the beleaguered mortgage giants Fannie Mae and Freddie Mac during the collapse of the housing market and the financial crisis of 2008, it was with the implicit promise that they would be returned to shareholders after being nursed back to health. But now, with the unsealing of documents this week that were produced as part of a lawsuit filed against the government, new evidence is coming to light on how intimately the White House was involved in the Treasury’s decision in August 2012 to keep all the companies’ profits for the government. That move effectively maintained...
  • Puerto Rico...Who Is Susheel Kirpalani?

    05/23/2016 8:39:09 AM PDT · by K Street Eyes
    Daily Surge ^ | K Street Eyes
    Hope you enjoy. To Sir, With Love
  • Puerto Rico debt becomes constitutional fight on the right

    05/16/2016 6:14:37 PM PDT · by WENDLE · 78 replies
    The HILL ^ | 5/15/2016 | By Sylvan Lane and Peter Schroeder -
    Republicans are waging a battle over the Constitution when it comes to helping Puerto Rico. Supporters of Speaker Paul Ryan’s legislation to help Puerto Rico handle billions in debt before a critical July bond payment deadline point to Article IV of the Constitution in arguing they have a responsibility to help the territory.
  • Donald Trump won't bail out Puerto Rico

    05/09/2016 1:14:14 PM PDT · by Beautiful_Gracious_Skies · 94 replies
    CNN -Money ^ | May 7, 2016 | Heather Long
    Donald Trump says Puerto Rico has "far far too much debt," and the U.S. government shouldn't bail out the island....... Puerto Rico is in crisis mode. It has run up $70 billion in debt, a staggering amount for an island of under 3.5 million people..... "You have to cut the debt way down and get back to business," he said.
  • The Next Big Bailout? Treasury Rejects Proposal To Cut Pension Benefits

    05/08/2016 8:24:07 AM PDT · by Rusty0604 · 16 replies
    Zerohedge ^ | 05/07/2016 | Tyler Durden
    UPS, and roughly 270,000 retired truck drivers, construction workers, and other service workers can breathe a collective sigh of relief... for now. As we previously reported, the Central States Pension Fund had submitted a plan to Treasury that if approved would have cut member benefits, and triggered UPS to take an estimated $3.8 billion charge. As the WSJ reports, Kenneth Feinberg (who was appointed by the Treasury to review all such applications) rejected the plan presented by the CSPF. Feinberg cited a few reasons for his decision, one being that it imposed cuts in a disproportionate manner, another was that...