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VIDEORemember, it's NOT a bailout! How do we know? Because the government is telling us it is NOT a bailout and they would never lie. Right?

On Monday, California Gov. Gavin Newsom praised the Biden administration’s decision to intervene on behalf of Silicon Valley Bank’s clients after the bank was taken over by the FDIC on Friday amid a bank run. The White House “acted swiftly and decisively to protect the American economy and strengthen public confidence in our banking system,” Newsom said in a statement. What Newsom didn’t mention is that it also protected his own companies if they held over $250,000 in deposits. CADE, Odette, and PlumpJack, three wineries owned by Newsom, are listed as clients of SVB on the bank’s website. Newsom also...

https://rumble.com/v2cydo2-charles-payne-on-silicon-valley-bank-bailout-this-is-a-bailout-of-the-elite.html Video at link Runtine 2 min 58 sec

Irish leader Enda Kenny has said he understands “the rage and the anger” of Irish people on Monday (24 June) following a leak of taped conversations by two Anglo-Irish Bank bosses which indicate the Irish government was conned into propping up the bankrupt lender. The taped conversations, obtained by the Irish Independent newspaper, between John Bowe and Peter Fitzgerald, who led Anglo-Irish’s capital markets and retail banking arms, respectively, indicate the Irish government was duped into pumping €7 billion ($9.2 billion) of emergency cash into the bank on the assumption that it would plug the lender’s funding crisis. But the...

FOR the last three years we have been told repeatedly by government officials that funneling hundreds of billions of dollars to large and teetering banks during the credit crisis was necessary to save the financial system, and beneficial to Main Street... --snip-- Bloomberg reported that the Fed had provided a stunning $1.2 trillion to large global financial institutions at the peak of its crisis lending in December 2008. --snip-- In 2008, the Royal Bank of Scotland received $84.5 billion, and Dexia, a Belgian lender, borrowed $58.5 billion from the Fed at... --snip-- Mr. Todd also questioned the Fed’s decision to...

President Obama is in Fantasyland or in some alternate universe. He wants to strengthen the housing market provided The plan helps a broad swath of homeowner The plan stimulates the economyThe plan costs next to nothing So says the New York Times in U.S. May Back Refinance Plan for MortgagesThe Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing. One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates,...

On his second day as head of Iceland's third-largest bank, Arni Tomasson faced a crisis: The bank was out of cash. "Everybody was panicked -- depositors, creditors, banks around the world." Unlike other nations, including the U.S. and Ireland, which injected billions of dollars of capital into their financial institutions to keep them afloat, Iceland placed its biggest lenders in receivership. It chose not to protect creditors of the country's banks, whose assets had ballooned to $209 billion, 11 times gross domestic product.With the economy projected to grow 3 percent this year, Iceland's decision to let the banks fail is...

They call them the "99ers" - those unemployed who have received benefits for 99 weeks, more or less. The conservative congress, which I campaigned for, probably will not extend the benefits further. Somewhere along the line we have to say "no" to additional spending, but it is impossible for the fedgov to offer a valid excuse for how it can bail out the Wall Street and banks - home and international - with the trillions of dollars (according to CNN) that the entire bailout job may cost. Larry Kudlow first mentioned "Moral Hazard" way back in 2008. George Bush was...

I'm looking for a video clip of Thaddeus McCotter (R-MI) recalling the meeting with the Bush officials where the congressmen were basically told that the system was melting down and that we had days if not hours to save the system from a total collapse. Can anyone help?

With the ink of President Obama's signature on the Barney Frank-Chris Dodd financial reform bill barely dry, the next bank bailout already has begun. How can that be, you might ask? Weren't we promised that this "landmark" legislation would end bank bailouts? Weren't we promised that this legislation ushered in a new era of transparency on Wall Street? Could it be that the politicians lied to us? Say it ain't so - but it is. If this brings to mind the backdoor bailout of Wall Street banks by AIG, it should. At just these three big banks, the taxpayers are...

TARP: The OMB director is grilled over the misuse of bank bailout funds for purposes other than intended by Congress. This taxpayer money wasn't intended to be the administration's perpetual slush fund. When the specifically targeted and named Troubled Asset Relief Program was enacted, we were told it was a necessary and wise investment. It would stabilize the financial system and keep credit and money moving. We would even get our money back and then some. Many banks didn't want the money or need it. Some were told to take it or they'd be audited. So they took it. The...

They neglected to remind us of the role they played in creating this disaster and of the fact that they both were bought and paid for long ago by Fannie Mae and Freddie Mac.

NEW YORK -- Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of them, the companies as a group were boosting the perks and benefits they pay their chief executives. The firms, accounting for more $350 billion in federal bailout funds, increased these perks and benefits 4 percent on average last year, according to an analysis of corporate disclosures filed in recent months. Some chief executives, such as Kenneth D. Lewis of Bank of America and Jeffrey M. Peek of CIT Group, the major small-business lender...

The U.S. government will "very soon" launch its program to use federal funds and private capital to buy banks' toxic assets, the new overseer of the government's $700-billion bank bailout fund said on Tuesday.

Just look at Singapore's Temasek Holdings. The fund unloaded its 3.8% stake in Bank of America (NYSE: BAC). The loss? It appears that it's about $4.6 billion. The stock sales came between January and March.

Judicial Watch has gotten its hands on some key documents from the original Bank/Treasury Department meetings. Some of the revelations are stunning. For example the segment of the one of the documents shown above, confirm that former Treasury Secretary Hank Paulson abused his power by threatening to have regulators go after the CEOs' nine major banks should they refuse participate. They had no choice but to allow the government to take equity stakes in their institutions. The documents also show Obama Treasury Secretary Tim Geithner, FDIC Chairman Shelia Blair, and Fed Chairman Ben Bernanke co-hosted the meeting with Paulson. Other...

.......While the bubbly and brilliant 59-year-old [Harvard] professor is a darling of Democrats, [Elizabeth] Warren has become the scourge of conservative Republicans, who question her panel’s exploration of more-liberal approaches such as nationalization and bank liquidation. Financial services lobbyists, who’ve long disliked Warren for highlighting predatory lending and abusive credit card fees, argue that she’s using her post to push her own, anti-industry agenda. SNIP Two members, AFL-CIO associate council Damon Silvers and New York State Superintendent of Banks Richard Neiman, signed on to the tepid six-month review of the Troubled Asset Relief Program released by the group last month....

WASHINGTON — President Obama’s top economic advisers have determined that they can shore up the nation’s banking system without having to ask Congress for more money any time soon, according to administration officials. In a significant shift, White House and Treasury Department officials now say they can stretch what is left of the $700 billion financial bailout fund further than they had expected a few months ago, simply by converting the government’s existing loans to the nation’s 19 biggest banks into common stock. Converting those loans to common shares would turn the government aid into available capital for a bank...

Game theory tells us that a risk neutral gambler would pay $50 dollars for a coin flip that paid $0 for Heads and $100 for Tails. Game theorists would call $50 the value of the bet. Suppose someone is willing to fund your gambling problem, and lend you $80 at zero interest. Better still, if you lose the bet you don’t have to pay him back. Under that scenario, the same gambler would pay $90 for the bet, giving him an even chance of winning or losing $10. This is a microcosm of what the Public-Private Investment Program (PPIP) is...

Tim Geithner's Public-Private Investment Program--or Pee-Pip, as they're calling it in Washington--grants a massive subsidy to banks by encouraging investors to overpay for trash assets. We've explained this a number of times, in a number of ways. But perhaps the clearest explanation we've come across was written by David Kotok, the chairman and chief investment officer of Cumberland Advisers. Here it is: Dear Reader: Please give me 8 minutes to explain the $1.1 trillion federal government Public-Private Investment Program (PPIP).