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Keyword: tarp

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  • Donald Trump targeted by Henry Paulson in op-ed endorsing Hillary Clinton

    06/25/2016 11:59:39 AM PDT · by Innovative · 58 replies
    CBS News ^ | June 25, 2016 | Reena Flores
    "This troubles me deeply as a Republican, but it troubles me even more as an American," said Paulson, a former Goldman Sachs chief executive who spearheaded the 2008 Wall Street bank bailout as treasury secretary. "Enough is enough," he wrote. "It's time to put country before party and say it together: Never Trump." Instead, he offered up Democrats' presumptive presidential nominee, Hillary Clinton, as the country's best alternative to Trump, encouraging his GOP colleagues to consider her when casting their ballot.
  • Millions Of Dollars In Fraud Revealed After Clinton Foundation Server Hacked (via TARP)

    01/27/2017 7:22:16 AM PST · by Enlightened1 · 50 replies
    News Target ^ | 01/26/17 | Don Wrightman
    Guccifer 2.0, has released files pertinent to the Clinton Foundation. Banks that received TARP fund sent kickbacks to Democrat polls to bribe them to vote for the TARP bailouts.   When Obama demanded that congress approve more bailouts between 2009 and 2011, it seemed as if kickbacks were offered to Democratic politicians from the big banks, but through the Clinton Foundation. This included Hillary, who was to ensure that the bailout got approved. Clinton aided the big banks in bribing the Democrat politicians. “Democrats funneled tarp funds back to their PACs! That’s taxpayer bailout money that went right to...
  • Pelosi blames Bush for $9 trillion in debt added under Obama

    01/13/2017 6:33:04 PM PST · by Beave Meister · 42 replies
    The Washington Examiner ^ | 1/13/2017 | AL WEAVER
    House Minority Leader Nancy Pelosi blamed former President George W. Bush and the Republicans on Friday for the more than $9 trillion that has been added to the national debt under President Obama's watch. Pelosi argued that under Obama, the annual budget deficit, which contributes to the national debt, has been reduced dramatically, and said that without Obama's work, the national debt would be even higher. She also mostly blamed Bush for not paying for the wars in Afghanistan and Iraq. "When President Obama stood on the steps on the Capitol eight years from next week, the [budget] deficit was...
  • [ From January 31, 2016] Why Are These 8 Banks too Bi to Fail?

    Some banks are too big to fail, whether we like it or not. We learned this in the Great Depression, when bank failures transformed an otherwise ordinary recession into a decade-long economic cataclysm that didn't end until World War II. http://www.fool.com/investing/general/2016/01/31/these-8-banks-are-too-big-to-fail.aspx
  • T.A.R.P.

    10/06/2016 7:45:54 AM PDT · by HarleyLady27 · 30 replies
    self ^ | Oct.6, 2016 | HarleyLady27
    https://imgur.com/CYQKb4P.jpg
  • GOLDMAN SACHS settles mortgage FRAUD case for $5 billion

    04/11/2016 3:19:59 PM PDT · by dragnet2 · 41 replies
    http://www.washingtonexaminer.com ^ | 4/11/2016 | Joseph Lawler
    The special inspector general for the TARP bailout, said that "Goldman took $10 billion in TARP bailout funds knowing that it had fraudulently misrepresented to investors the quality of residential mortgages bundled into mortgage-backed securities.
  • Cruz blasts Trump's ties to Democrats

    01/18/2016 2:33:22 PM PST · by Isara · 213 replies
    The Hill ^ | January 18, 2016 | Jordain Carney
    Sen. Ted Cruz (R-Texas) blasted 2016 rival Donald Trump on Monday, questioning his ties to Democrats and previous support for liberal positions as the two battle for the top spot in Iowa."If he's giving checks to Democratic politicians and he supports their views... then it starts to suggest, 'gosh if he publicly supports their views if he finances their causes,'" Cruz told Boston radio station WRKO. "Then suddenly when he announces as a candidate for president, every single one of his views changes - listen if he has had a change of heart, I am thrilled." Cruz, who is competing...
  • How TARP Created Trump

    09/25/2015 5:03:30 AM PDT · by Eric Pode of Croydon · 31 replies
    First Trust Economics Blog ^ | 24 September 2015 | Brian Wesbury
    Back in 2008, rather than fix mark-to-market accounting, Treasury Secretary Hank Paulson, Federal Reserve Board Chair Ben Bernanke, and other members of the financial market crisis team, chose to use a government-funded bazooka. A $700 billion bank bailout named The Troubled Asset Relief Program, or TARP. President Bush, who authorized this approach, later explained it by saying he "abandoned free market principles to save the free market." That statement makes no sense. Either you believe in free markets, or you don't. Violating a free market means it's not free. More truthfully, the Bush team abandoned free markets because it was...
  • More on the (democrat Chris Dodd's) scandalous AIG billions of our taxpaying $$$ to foreign entities

    03/23/2009 5:32:47 PM PDT · by Milagros · 4 replies · 457+ views
    At least Campbell Brown of CNN (http://www.cnn.com/CNN/Programs/campbell.brown/) has mentioned it today. A.I.G. Reveals Biggest Beneficiaries of Its Rescue March 15, 2009, 5:16 pm E-mail This Update | 8:49 p.m. The American International Group on Sunday released the names of financial institutions that benefited last fall when the Federal Reserve saved it from collapse with an $85 billion rescue loan and then three subsequent bailouts. The disclosure included counterparties to both its credit default swap operations and its securities lending businesses, both of which contributed heavily to A.I.G.s troubles, as well as to muncipalities who participated in certain investment programs. All...
  • Its (Still) a TARP! Elizabeth Warren is a corporate Welfare Queen

    12/15/2014 7:08:28 AM PST · by SeekAndFind · 7 replies
    National Review ^ | 12/15/2014 | Kevin D. Williamson
    The so-called cromnibus bill funding the federal government through this fiscal year was passed over the objections of (some) House conservatives and (some) self-proclaimed progressives, for familiar reasons: Conservatives, eager that the Republicans should begin governing like they have a majority in Congress before they actually have a majority in Congress, argued that the bill locked in long-term support for too many of Barack Obamas priorities to hell with an amnesty fight in February or gutting Obamacare after the new majority is seated, they cannot wait to start scrapping. The Democrats left flank, led by Nancy Pelosi right up...
  • The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare [Satire]

    11/08/2014 6:09:57 AM PST · by outinyellowdogcountry · 56 replies
    Rolling Stone ^ | November 6, 2014 | Matt Taibbi
    She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn't take it anymore. "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" Fleischmann is a tall, thin, quick-witted securities lawyer in her late thirties, with long blond hair, pale-blue eyes and an infectious sense of humor that has survived some very tough times. She's had to struggle to find work despite some striking skills and qualifications, a common symptom of a not-so-common condition...
  • AIG Bailout Trial Bombshell III: Paulson Lied to Congress About TARP

    10/21/2014 7:01:47 PM PDT · by Lorianne · 39 replies
    Naked Capitalism ^ | 17 October 2014 | Yves Smith
    Ive gone through only the first day of testimony from the AIG bailout trial, and we are already up to our third bombshell. The first witness called by the plaintiff, Starr International (an investment vehicle controlled by Hank Greenberg), was Scott Alvarez, general counsel for the Federal Reserve Board of Governors. Part of the testimony covered a discussion that took place late in the evening of September 15, the day Lehman declared bankruptcy in the wee hours of the morning. The topic was AIG. The participants included Alvarez, Timothy Geithner, Fed governors Don Kohn and Kevin Warsh, Ken Wilson, a...
  • The new AIG lawsuit should enrage every American taxpayer

    10/08/2014 8:42:41 PM PDT · by Lorianne · 12 replies
    Market Watch ^ | 07 October 2014 | David Weidner
    Imagine you have a friend who drinks a lot and often. Until now, they always seem to have a good time. He tells the best stories, gets all the girls. Hes the life of the party. Then, one day, he wrecks his car. And you and some buddies, who happened to be in the neighborhood, see your pal trapped. Of course, you rush to the rescue. You try to break open the door with a tire iron. Ultimately, you smash the window and pull the poor fellow out. And just when youd think this guy would sober up and see...
  • Caveat, investor: Now feds want a bite of your mutual fund

    10/02/2014 5:59:33 PM PDT · by TurboZamboni · 16 replies
    The Citizen ^ | 9-4-14 | Paul S. Atkins
    To oversee this process, Dodd-Frank created the Financial Stability Oversight Council (FSOC), made up of the heads of the financial services regulatory agencies. The council claims very broad power to designate certain activities (like asset management) or companies and products (including mutual funds) as systemically important and subject them to Federal Reserve bank-style regulation, including leverage and capital requirements. And the council is doing just that first with banks, then insurance companies and now, potentially, mutual funds. President Obamas independent insurance expert on the council issued a blistering dissent when it designated Prudential the nations second-largest life insurer...
  • SIGTARP: Excessive Pay at Bailed-Out GM

    09/30/2014 10:32:50 AM PDT · by jazusamo · 3 replies
    NLPC ^ | September 30, 2014 | Mark Modica
    A special inspector general report on compensation for executives at General Motors and Ally Financial blasts the Treasury Department for allowing excessive pay at the companies as taxpayers lost billions of dollars on the auto bailouts. The watchdog group issuing the report monitors the Troubled Asset Relief Program (TARP), which was set up to save financial corporations deemed "too big to fail" due to systemic risk to America's financial system. The program was expanded to allow for the bailing out of the auto industry, despite the questionable use of funds specifically designated for financial institutions. A NY Times piece...
  • The Coming Climate Crash, Lessons for Climate Change in the 2008 Recession

    06/22/2014 7:02:26 AM PDT · by Oldeconomybuyer · 45 replies
    New York Times ^ | June 21, 2014 | By HENRY M. PAULSON Jr.
    THERE is a time for weighing evidence and a time for acting. And if theres one thing Ive learned throughout my work in finance, government and conservation, it is to act before problems become too big to manage. For too many years, we failed to rein in the excesses building up in the nations financial markets. When the credit bubble burst in 2008, the damage was devastating. Millions suffered. Many still do. Were making the same mistake today with climate change. Were staring down a climate bubble that poses enormous risks to both our environment and economy. The warning signs...
  • Tim Geithner is no hero, no matter how many times he says that he is one

    05/14/2014 10:46:33 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | May 14, 2014 | Nick Sorrentino
    TARP was the absolute height of crony capitalism. Many of the big banks should have gone down, but in the midst of a Blackberry panic as David Stockman puts it the masters of the masters of the universe lost sight of reality and the nature of markets. Yes, Goldman Sachs would have gone down. But this would have been a GOOD THING. The blood which should have filled the the streets of Downtown Manhattan would have washed the unsustainable leverage clean from the system (for a while.) Giants are meant to fall. It would have been good for...
  • Chrysler Bankruptcy Still Affecting Economy

    04/21/2014 6:12:32 AM PDT · by LucianOfSamasota · 19 replies
    The Foundry ^ | 19 April, 2014 | Curtis Dubay
    This month marks the fifth anniversary of the Chrysler bankruptcy. President Obama will doubtless mark the occasion by talking about how his intervention saved the auto company. More noteworthy, however, is how the lawlessness of that intervention created tremendous uncertainty, which still chills the economy today. Todd Zywicki has written an excellent summary of President Obamas actions in the Chrysler bailout. A shorter version goes like this. Starting under President Bush and continuing under President Obama, the federal government used TARP funds to keep Chrysler afloat. This gave the government effective control over Chrysler. As a result, the Obama administration...
  • Why Would Matt Bevin Tell His Investors Something He Didn't Believe? | National Review Online

    02/11/2014 12:14:43 PM PST · by FreeAtlanta · 55 replies
    NATIONALREVIEW.COM ^ | February 11, 2014 12:06 PM | Patrick Brennan
    As Ramesh points out below, Kentucky Senate candidate Matt Bevin's campaign is claiming that he has consistently opposed the Troubled Asset Relief Program, drawing a contrast with Mitch McConnell, who has defended his role in passing the emergency bailout legislation. This is despite the fact that, as president of an investment firm in 2008, he signed a letter along with the firm's chief investment officer that says the following: Most of the positive developments have been government led, such as the effective nationalization of Fannie Mae and Freddie Mac, the passage of the $700 billion TARP (don't call it a...
  • Republican (RINO) Neel Kashkari announces run for California governor

    01/23/2014 1:25:33 PM PST · by fifedom · 30 replies
    San Jose Mercury News ^ | 01/22/2014 | Jessica Calefati
    former U.S. Treasury official Neel Kashkari on Tuesday said he will run for California governor. ... the fundraising committee he announced Tuesday is stacked with GOP heavyweights who were instrumental in financing Mitt Romney's 2012 presidential campaign.