Posted on 10/21/2013 6:14:53 PM PDT by SoFloFreeper
The international telecommunications company Verizon has been tasked with helping the government fix the federal health exchange...
An informed source in the telecommunications industry said Verizon's Enterprise Solutions division has been asked by the Department of Health and Human Services to improve the performance of the HealthCare.gov site
(Excerpt) Read more at tigerdroppings.com ...
Coincidentally, this story came through the American Bankers Association Newsbytes email today:
Verizon Gets $725 Million Federally Subsidized Farm Loan
Telecommunications giant Verizon recently received a $725 million loan from CoBank, a $93.1 billion lender that is part of the tax-advantaged Farm Credit System.
As Bert Ely will report in a forthcoming issue of ABA’s Farm Credit Watch e-bulletin, the loan does not meet the already liberal criteria for rural telecom financing allowed by the Farm Credit Administration.
The loan is part of Verizon’s $130 billion deal to buy an interest in European telecom firm Vodafone, and at 6.25 percent of the total $12 billion in loan financing, CoBank’s loan is the largest single portion of Verizon’s loan financing.
The loan offers Verizon attractive pricing backed by CoBank’s government-sponsored status.
Ely will argue that the loan is inappropriate for a Farm Credit lender since Verizon is not a rural telecom cooperative nor any other type of entity CoBank can lend to -- indeed, to the extent it serves rural areas, it competes with other Farm Credit-supported rural cooperatives.
Ely will also note that the loan courts excessive risk by butting up against the FCS’s loan limits.
“CoBank’s corporate-buyout loan to Verizon is an incredibly blatant attempt by CoBank to arbitrage its GSE status, which entitles it to cheap funding and tax exemptions,” Ely writes.
Read the full story when it comes out in the October issue of Farm Credit Watch.
If these ‘tards had any sense they’d put 25% of the effort to try to fix the current CF (and buy time) and 75% to start over from scratch with a better set of objectives.
The good news is no more delays signing up for Obamacare. The NSA will call you and tell you.
I don’t think an upgrade is going to help this pig. You can put lipstick on ObamaCare all day long. You’re still going to have a pig.
“Verizon Gets $725 Million Federally Subsidized Farm Loan”
Since they were hired to sell B.S......a Farm Loan is appropriate.
Verizon is an Obamacare contractor. See spreadsheet here:
You know Verizon can handle it. After all they did manage to shuttle massive amounts of data to the NSA.
It pays to be a FOO (Friend of Obama)
Pray America is Waking Up
And there is no cap on what Verizon can bill to fix it - Thank you McConnell - you are such an upstanding senator that you give away congressional power so you don’t have to fight. It’s a win win for you - you can be the invisible good senator to your constituents as you don’t fight for nothing in DC.
lmao, there are no rules any more for the government, it can do anything it damn well wants to.
And another rate increase just around the corner. Oh Thank You Verizon. Pigs.
Like dousing a fire with gasoline, this makes matters worse, MUCH worse. And then the spiral rises from the ashes....more fire requires more gasoline, and thus begins a degenerative loop which ends in total disaster.
Hehehehe........OBAMA TO THE RESCUE!!!!! And the worst thing to add are new, unfamiliar companies and MORE managers, and more government hacks, and more consultants. This smells of big, BIG trouble if we actually have the PRESIDENT sticking his nose in it.
Since they were hired to sell B.S......a Farm Loan is appropriate.
Excellent point. Data harvesting-- just some good ol'-fashioned farming, manure and all.
Bwahahahahahaha!
Even if Verizon can straighten out their website, they have a history of totally screwing up their own databases. Trust me, I know. It is as bad as any government bureaucracy.
The politicians just keep handing money out to their friends. This is the kind of think the republicans should refuse to fund. But, it’s their friends, too.
There goes another half-billion.
The low information voters think that the website doesn’t work because of the government shutdown. Seriously.
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