Free Republic

The incoming House Oversight and Government Reform chairman on Sunday tried to clarify his recent remarks to Rush Limbaugh where he called President Obama "one of the most corrupt presidents in modern times." ... "When you hand out $1 trillion in TARP (Troubled Asset Relief Program) just before this president came in, most of it unspent, $1 trillion nearly in stimulus, that this president asked for, plus this huge expansion in health care and government, it has a corrupting effect," Issa said on CNN's "State of the Union." Although TARP – the program passed in 2008 intended to strengthen the...

There was a repo desk disaster that occurred in 2019 right before the covid bullsh*t happened. Covid was actually a 2008 style bailout that was disguised as a fake and gay pandemic. The usual suspects are now openly talking about it in the (((wall street journal))) in response to the ICBC “hack” that rattled the Treasury market a few weeks ago. archive.is/HpFBC >This spike was different. When one firm can’t deliver promised cash or securities, the party on the other side of that transaction then doesn’t have them to pass on to its own trading partners. That can cascade quickly....

Communist Party of China (CCP) General Secretary Xi Jinping is now starkly aware that he is facing the end of his rule, and has turned to US Pres. Joe Biden to save him. Specific reports are emerging as to the driving forces which made Xi act, in seeming desperation, to kowtow to US Pres. Joe Biden at the summit held on the sidelines of the Asia-Pacific Economic Conference (APEC) in San Francisco between November 13 and 17,2023. … A significant source in the PRC has reported that Xi formally asked the US President to arrange an urgent $900-billion bailout for...

While America struggles to buy groceries, President Joe Biden has a green slush fund worth billions of dollars, and he’s not afraid to use it.Recent revelations uncovered that the CEO and lobbyists of Rivian, an electric vehicle manufacturer, held a quiet meeting at the White House with Biden’s Climate Czar, John Podesta. That’s right, the same John Podesta who served as chairman of Hillary Clinton’s ill-fated 2016 presidential campaign before being pulled from the ranks of profitable green consulting to oversee distribution of $369 billion from the Inflation Reduction Act (IRA). Biden selected a political operative with green company ties...

Surprise, surprise. Subsidies were not enough to make Biden’s energy projects profitable.The Coming Green Energy BailoutTaxpayers will soon be on the hook for The Coming Green Energy BailoutThe Inflation Reduction Act (IRA) includes hundreds of billions of dollars in subsidies for green energy, yet now renewable developers want utility rate-payers in New York and other states to bail them out.According to a report late last month by the New York State Energy Research and Development Authority (Nyserda), large offshore wind developers are asking for an average 48% price adjustment in their contracts to cover rising costs. The Alliance for Clean...

The nation’s biggest banks on Wall Street, investment firms, and pharmaceutical companies are among a number of multinational corporations throwing their support behind a plan from New York Gov. Kathy Hochul (D) that would have American taxpayers bail out the sanctuary state for an illegal immigration influx. As Breitbart News reported, Hochul unveiled the bailout this week — promising to lobby President Joe Biden for millions, potentially billions, in American taxpayer money that would ensure border crossers and illegal aliens in New York secure jobs, healthcare services, housing vouchers, and free public transit. .....

Soviet Joe Biden, who is a believer in Soviet-style command economies where rather than rely on free market capitalism, we now have CC (Crony Communism) running the US economy. Into the ground. But in the tradition of bad Federal policiies, Soviet Joe and Energy Secretary Granholm (with help from Congress) mandate green energy transition at all costs, watch the auto industry suffer, then bail them out. Sounds a lot of like the banking crisis of 2008 where The Federal government pushed homeownership until it helped almost collapse the banking sector, then the Federal government bailed out the banks. Rinse, repeat,...

In this episode of Joe Biden's World...As the mountain of evidence continues to grow that Joe Biden has likely been an international shake-down artist for decades, word now comes that White House Counsel Stuart Delery, whom the embattled president calls a "trusted adviser," is leaving the administration, as the GOP investigations continue to heat up.In a Thursday statement from the White House, Biden called Delery a "trusted adviser and a constant source of innovative legal thinking since Day One of my Administration.""Innovative legal thinking." We'll get back to that.Biden (his handlers, no doubt) also said:From his work during those early...

President Biden’s new income-driven repayment plan for student loans will cost $475 billion over 10 years, according to the Penn Wharton Budget Model, tens of billions of dollars more than an earlier plan that the Supreme Court struck down last month. The Penn model estimates taxpayers will face $200 billion in costs due to payment reductions in the president’s Saving on a Valuable Education (SAVE) plan, as a little more than half of the $1.64 trillion in outstanding loans will be covered.

We guess Ford didn’t have the budget to hire Dylan Mulvaney to step out of the driver’s seat of its rainbow-flag Raptor. See, you have two trucks so covered in mud you can’t tell the difference … until the mud washes off and one is revealed to be a Pride-themed truck. In case you didn’t get it, Ford lights up the word “tough” in rainbow lights. Ford doesn’t have any Clydesdales handy to whip out a new ad as Anheuser-Busch did.

First Horizon Corp. and TD Bank Group have mutually agreed to end their merger agreement, which was valued at $13.4 billion when it was first announced more than a year ago, the companies announced Thursday morning. First Horizon shares were plummeting 45% in premarket trading after the announcement. Prior to the announcement, First Horizon stock had been trading well below the $25-per-share deal price, a sign that investors were skeptical that the deal would go through.

The giant investment company's global influence on politics and economics is enormous. BlackRock is one of the most powerful organizations in the world, and its nefarious role in global economics and politics is becoming more apparent. The investment giant is pushing woke politics in the form of corporate social credit scores (ESG), which includes the dangerous “net zero” and LGBT agenda. BlackRock is also responsible for rigging the financial systems and has control over a significant portion of the world’s wealth. In order to fight back, we need to know what we are dealing with. In this article, we take...

Bud Light's vice president of marketing discussed in a recent interview how she was inspired to update the "fratty" and "out of touch" humor of the beer company with inclusivity. Alissa Heinerscheid did an interview with the podcast "Make Yourself At Home" on March 30, where she discussed her work in transforming the Bud Light brand. "I’m a businesswoman, I had a really clear job to do when I took over Bud Light, and it was ‘This brand is in decline, it’s been in a decline for a really long time, and if we do not attract young drinkers to...

The Biden administration quietly inserted itself into a private patent infringement lawsuit two biotech companies filed against COVID-19 vaccine maker Moderna, in a move experts said could establish a dangerous precedent. In a surprise filing last month, U.S. Attorney David Weiss issued a "statement of interest" in the case on behalf of the Department of Defense and Department of Health and Human Services (HHS), invoking a rarely-used early 1900s law to argue that the federal government should take on any liability for patent infringement Moderna may be guilty of related to the development of its COVID-19 vaccine. "Where, as here,...

Banking is an inherently risky business. It's assets are mostly long term--loans, mortgages, and bonds. It's liabilities are mostly short term--checking and savings deposits. This timing imbalance relies on the faith of its depositors that the bank is sound. This faith can be shaken by the unwise or unlucky decisions made in how the bank invests the money entrusted to it. This past week, the Silicon Valley Bank (SVB) suffered a loss of faith. Instead of investing $73 million of its deposits in income earning assets, it gave this money away to Black Lives Matter-related social justice groups. It made...

One of the benefits of being a Washington insider, from the president of the United States to the lowliest bureaucrat, is never having to admit your policies are wrong. In the case of Silicon Valley Bank (SVB) - the nation's 10th largest - the financial policy chickens of this, and previous administrations, have predictably come home to roost. Record debt, massive new spending, and the failure of regulators to see what was coming contributed to the run on SVB. It didn't help that in 2018 President Donald Trump signed the biggest rollback of Dodd-Frank bank regulations since the global financial...

This week, a lot of attention has been focused on the collapse of the Silicon Valley Bank. It is, in fact, a story of faulty accounting practices, poor government oversight, and the effects of government micromanaging markets at the same time that it fails in its oversight responsibilities. And you will be paying for it. Accounting ShenanigansOver at the Wall Street Journal, William L. Silber explains this better than anyone, and in terms anyone who ever purchased a government bond can understand. They are safe. The problem is liquidity:SVB held tens of billions of dollars in long-term government bonds. On...

Strange days, indeed. Despite endless promises from Washington DC that there would never be another bank bailout, the Biden Administration bailed out Silicon Valley Bank (SVB) by removing the $250,000 cap on deposit insurance. Then Treasury Secretary Janet Yellen added that in the future, only banks that posed SYSTEMIC RISK to the economy will be bailed out. Translation: only the big four Too Big To Fail (TBTF) banks will be bailed out. Meaning that the Biden Administration prefers big banks to community banks. “Middle-class Joe” loves BIG Pharma, BIG defense, BIG tech, BIG media and now BIG banks. He should...

Credit Suisse, the global investment bank based in Switzerland, would be six feet under today if not for the $54 billion bailout it just got from the Swiss central bank. I'm starting to see a pattern in these failing banks… see tweet https://twitter.com/JordanSchachtel/status/1636353368644886528?

Americans can’t afford food, but leftist and Chinese companies get bailed out. Silicon Valley Bank spent billions on green energy, millions on Black Lives Matter and other leftist causes, until it finally ran out of ‘other people’s money’. That’s when the Biden administration decided to bail out its depositors. At a dinner hosted by Peter Orszag, Obama’s former budget director, Wally Adeyemo, Obama’s Nigerian assistant treasury secretary and Biden’s deputy treasury secretary, chatted with Blair Effron, an influential Biden donor, serving on Biden’s Intelligence Advisory Board, who had been hired as an advisor by SVB to deal with its financial...