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Keyword: bailouts

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  • Green energy company fights for life after getting billions from feds (Abengoa)

    09/02/2015 7:43:16 PM PDT · by Olog-hai · 22 replies
    Watchdog.org ^ | September 2, 2015 | Rob Nikolewski
    Abengoa, a renewable energy multinational company headquartered in Spain, has been a favorite of the Obama administration in getting federal tax money for clean energy projects. Since 2009, Abengoa and its subsidiaries, according to estimates, have received $2.9 billion in grants and loan guarantees through the Department of Energy to undertake solar projects in California and Arizona—as well as the construction of a cellulosic ethanol plant in Kansas. But in the space of less than a year, Abengoa’s financial health has become critical, leading investors to worry whether the company can survive. The company’s stock price on NASDAQ has swooned—from...
  • Trump tells Steve Rattner: 'You should have gone to prison'

    07/27/2015 2:30:02 PM PDT · by 2ndDivisionVet · 85 replies
    CNN Money ^ | July 27, 2015 | Ahiza Garcia
    Presidential candidate Donald Trump is now taking on one-time Obama "car czar" Steve Rattner.On Monday, Trump fired off a tweet telling Rattner: "I think you should have gone to prison for what you did, I guess Obama saved you." He ended the tweet telling Rattner to watch: "I will win!" It was unclear what activity Trump was referring to that should have landed Rattner in jail. Trump did not respond to CNNMoney's request for comment. In 2010, Rattner did pay $10 million in fines when he settled with the New York state attorney general for his alleged involvement in a...
  • Conservative? Donald Trump supported auto bailouts in 2008.

    07/21/2015 10:13:29 AM PDT · by TNMOUTH · 171 replies
    The Daily Caller ^ | 4/20/2011 | Chris Moody
    Although Donald Trump is trying to re-invent himself as a conservative for a possible bid for president in 2012, reminders of his prior support for Democrats and big government polices keep adding up. The latest: The Donald supported the auto bailout in 2008. “I think the government should stand behind them 100 percent,” Trump told Fox News’ Neil Cavuto nearly three years ago. “You cannot lose the auto companies. They’re great. They make wonderful products.” Faced with crushing debts caused by poor management and high labor costs, GM and Chrysler requested federal assistance to keep the firms afloat, and were...
  • Greece Says Yes to No

    07/09/2015 8:31:47 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | July 9, 2015 | Paul Greenberg
    Judging by the returns from Sunday's vote in Greece, there is no judging. Voters there were asked to decide whether to accept Europe's terms for still more credit after those terms had expired -- even while Greece's erratic government opposed the very deal it had put on the ballot. Sure enough, the voters did. Though just what it all means seems as elusive as it was before the election. If not more so. This could go on for a while -- like indefinitely -- before the fog lifts. The one thing clear is that Greece's "governing" party stays in, which...
  • Bailouts, Bail-ins, and the Greeks’ Trojan Horse

    06/29/2015 12:59:47 PM PDT · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 06/29/15 | Dr. Ileana Johnson Paugh
    The Greek market may be shocked and defaults of various debt instruments may emerge. While Americans are eagerly signing petitions to ban the American flag on the heels of Louis Farrakhan’s Nation of Islam leader call to ban the Stars and Stripes “due to its links to racism” or are busily banning anything attached in any way to the Confederate flag and our history, the United States and the world are in serious financial trouble driven by out-of-control debt, particularly the most visible nation of all, Greece. Healthcare for illegals, gay marriage, and other non-stop crises occupy American overwhelmed minds,...
  • Scott Walker On The Dana Show 5-22-15

    05/22/2015 12:56:54 PM PDT · by Cincinatus' Wife · 1 replies
    FM News Talk ^ | May 22, 2015 | Dana
    29:00 [click on picture then click on red dot to listen]
  • Scott Walker's New Flip-Flop: He Now Supports Auto Bailouts?

    05/08/2015 12:59:07 PM PDT · by 2ndDivisionVet · 38 replies
    Reason's Hit & Run Blog ^ | May 8, 2015 | Nick Gillespie, editor in chief
    Republican presidential hopeful Gov. Scott Walker of Wisconsin has already flip-flopped when it comes to immigration. Once upon a time, he supported the Reaganite position which holds that immigration is a good thing and illegals should be given work permits at least. In 2006, Walker supported the McCain-Kennedy bill that would have granted a path to citizenship (nativists vilify that as amnesty) for illegals. But that was then, reported Politico, and the governor now supports curbs on legal immigration. Walker has a new apparent flip flop in the works, this one about the auto bailouts. Back in 2012, he was...
  • Barney Frank D-MA defends his role leading up to crisis (just another stump speech on meltdown)

    10/26/2008 4:52:25 AM PDT · by Libloather · 26 replies · 747+ views
    South Coast Today ^ | 10/26/08 | Steve Urbon
    Barney Frank defends his role leading up to crisisBy Steve Urbon Standard-Times senior correspondent October 26, 2008 6:00 AM NEW BEDFORD — It's essentially a stump speech by now, as U.S. Rep. Barney Frank explains yet again what was and what wasn't his role in the nation's financial meltdown, particularly in the housing market. Ten days ago at White's of Westport before the regional Chambers of Commerce, again at a Standard-Times editorial board meeting last Thursday, and countless other times, Rep. Frank ran down the list. These were the errors, misjudgments and schemes that amounted to a "Ponzi scheme" of...
  • Proven Failure of Obama Socialism

    10/23/2008 1:26:15 AM PDT · by EyesAndEars4U · 7 replies · 499+ views
    Timeline proving that the mortgage industry crisis is the Democratic socialist experiment. Another socialist experiment failed, this time a massive federal effort, imperiling the whole US banking industry. Facing this economic disaster, can an informed American people put their trust Obama’s socialist ideology to bring remedy? Will they bring in an acetylene torch to put out the fire? http://eyesandearsweekly.blogspot.com/2008/10/narrative-for-change-proven-failure-of.html
  • Repeal, Don't Reform the IMF!

    03/30/2015 4:38:19 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | March 30, 2015 | Ron Paul
    A responsible financial institution would not extend a new loan of between $17 and $40 billion to a borrower already struggling to pay back an existing multi-billion dollar loan. Yet that is just what the International Monetary Fund (IMF) did last month when it extended a new loan to the government of Ukraine. This new loan may not make much economic sense, but propping up the existing Ukrainian government serves the foreign policy agenda of the U.S. government. ?? Since the IMF receives most of its funding from the United States, it is hardly surprising that it would tailor...
  • Democratic (and Obama) Fund-Raiser Nemazee Indicted In $292 Million Fraud

    09/21/2009 3:33:07 PM PDT · by pissant · 86 replies · 4,048+ views
    NasDaq ^ | 9/21/09 | Chad Bray
    NEW YORK -(Dow Jones)- New York businessman and prominent Democratic fund- raiser Hassan Nemazee was indicted Monday for allegedly defrauding three banks out of $292 million in loans. Nemazee, 59 years old, was charged with aggravated identity theft and three counts of bank fraud in the indictment. Each bank fraud count carries a term of up to 30 years in prison. A lawyer for Nemazee didn't immediately respond to a request for comment. Nemazee, who was involved in various presidential campaigns and once served as finance chairman of the Democratic Senatorial Campaign Committee, was initially charged criminally in August related...
  • Super Hero of Cartoon Character

    02/14/2015 7:01:17 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | February 14, 2015 | Charles Payne
    "I want to work with Congress to replace mindless austerity with smart investments that strengthen America," said President Obama in a recent speech at the Department of Homeland Security. In the making of a counter-cultural hero, in an era of failed responsibility and in an era of passing the buck, a new superstar has been found. In America, we have Elizabeth Warren, who is coming on like gangbuster as an alternative to Hillary Clinton, something I predicted a long time ago. In Europe, Yanis Varoufakis, the Greek finance minister whose un-tucked shirts worn with blue jeans have become a symbol...
  • Will There Be a 2016 Lame-Duck Disability Bailout?

    01/07/2015 9:46:41 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | January 7, 2015 | Terry Jeffrey
    If you thought the lame-duck Congress that met in December -- in which House Speaker John Boehner cut a deal with President Barack Obama to fund almost all of Obama's programs through the rest of the current fiscal year -- was a bad deal for America, wait until the next lame-duck Congress convenes after the 2016 election. That could be the "bipartisan" moment for a bailout of the federal disability program -- and perhaps Social Security with it. The very dry, very long Annual Report of the Board of Trustees of Social Security, released in July, included two crucial predictions....
  • Obama's State of the Union Sales Tour

    01/05/2015 9:06:19 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | January 5, 2015 | Conn Carroll
    resident Obama will travel to three cities this week where he will offer a preview of his January 20th State of the Union address.In Detroit on Wednesday, Obama will celebrate the end of the "auto rescue" which he claims saved one million auto industry jobs and is responsible for the resurgence of manufacturing in the United States. Obama will make no mention that his bailout of General Motors and Chrysler cost taxpayers $16 billion according to the latest Troubled Asset Relief Program Inspector General's report. On Thursday, Obama will travel to Phoenix where he will claim his administration's Home Affordable Modification Program is responsible...
  • Ukraine Needs Second Bailout, Currency Reserves Drop to Critical Level

    12/08/2014 10:47:42 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | December 8, 2014 | Mike Shedlock
    On Wednesday I noted the arrival of carpetbaggers in Ukraine. (See Enter the Carpetbaggers: Ukraine's New Finance Minister a US Citizen, New Economy Minister from Lithuania). No carpetbagging mission is ever complete without at least one visit from the IMF. On Friday we learned that Ukraine will be blessed with a second visit from the IMF as its Foreign-Currency Reserves Dip Below $10 Billion. UkraineÂ’s central bank reported foreign-currency reserves at their lowest for almost a decade, raising pressure on the West to provide more financing to the country being squeezed by Russia. It also presents a dilemma for the...
  • What To Be Thankful For?

    11/27/2014 9:17:42 AM PST · by Kaslin · 19 replies
    Townhall.com ^ | November 27, 2014 | Judge Andrew Napolitano
    What if the government is designed to perpetuate itself? What if the real levers of governmental power are pulled by agents and diplomats and bureaucrats behind the scenes? What if they stay in power no matter who is elected president or which major political party controls Congress? What if the frequent public displays of adversity between the Republicans and the Democrats are just a facade and a charade? What if both major political parties agree on the transcendental issues of our day? What if they both believe that our rights are not natural to our humanity but instead are gifts...
  • Wait. So THAT’S what the bailouts were about?

    10/17/2014 8:10:42 AM PDT · by Lorianne · 11 replies
    Medium ^ | 07 October 2014 | Matt Stoller
    To understand the backstory, letÂ’s take a quick look at AIGÂ’s role in the housing bubble. Broadly speaking, AIG sells insurance, and one of its divisions (AIG Financial Products) sold a very specific type of insurance called a credit default swap. If you were a big bank and you owned a mortgage backed security (stuffed into a collateralized debt obligation, or CDO), you could buy a credit default swap against the possibility that the security would default. Then, because you owned this insurance, whatever that security might contain, be it good loans or the most toxic dreck imaginable, it was...
  • Paul Ryan on the Ex-Im Bank, bailouts: Tactics trump purity

    08/25/2014 5:50:41 AM PDT · by fredericbastiat1 · 9 replies
    TheBlaze Books ^ | 2014-08-25 | Benjamin Weingarten
    During the interview, Ryan addressed several issues on which conservatives have been critical of the Republican Party, from perpetuating crony capitalism to immigration. Perhaps most interesting was the congressman’s defense of votes he and fellow Republicans took in favor of TARP and the 2009 auto bailout, and his belief in the efficacy of a short-term reauthorization of the Export-Import Bank. When asked how his votes for TARP and the auto bailout comport with the populist, free market philosophy Rep. Ryan espouses in his new book, noting that he "did not enjoy" such votes, Ryan justified them on grounds of "defensive...
  • Everything You Need to Know about Greece…Plus Remarkably Bad Poll Numbers for Obama

    07/04/2014 10:37:37 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | July 4, 2014 | Daniel J. Mitchell
    We’re going to touch on two topics today. I realize that not that many readers care about Greek economic policy, but sometimes other nations can teach us very important lessons. For better or worse. And in the case of Greece, the lesson is that government intervention and bureaucracy is an enemy of entrepreneurship. Probably the most amazing – and weird – example is that the Greek government wanted stool samples from entrepreneurs seeking to set up an online company (and, just to be clear, I’m not talking about furniture). We now have another example, but it’s seems more tragic than...
  • An Obamacare Bailout? Insurers Already Got One!

    06/26/2014 7:49:05 PM PDT · by upbeat5 · 4 replies
    CNBC.com ^ | June 26, 2014 | Jake Novack
    For ordinary consumers, the answer varies. A lot of Americans who never had insurance before have indeed been able to find health coverage AND health care, (they're two different things, after all). But a lot of Americas have lost their previous plans, and now they're having trouble finding actual doctors to treat them even under their more expensive coverage. Whether the ACA has actually helped more citizens than it's hurt has turned into a partisan war of statistics. That war will be waged for years to come. While I believe the new law will ultimately hurt more people than it...