[Washington Examiner] An investment firm linked to Hunter Biden received over $130 million in federal bailout loans while his father Joe Biden was vice president and routed profits through a subsidiary in the Cayman Islands, according to federal banking and corporate records reviewed by the Washington Examiner.
Financial experts said the offshore corporate structure could have been used to shield earnings from U.S. taxes. The cash flow goes from taxpayers to Biden's pockets - a one-way trip
Rosemont Capital, an investment firm at the center of Hunter Biden’s much-scrutinized financial network, was one of the companies approved to participate in the 2009 federal loan program known as the Term Asset-Backed Securities Loan Facility, or TALF.
Under the program, the U.S. Treasury Department and the Federal Reserve Bank issued billions of dollars in highly favorable loans to select investors who agreed to buy bonds that banks were struggling to offload, including bundled college and auto loans.
According to federal records, 177 firms participated in TALF, many of them well connected in Washington or on Wall Street. For investors, there was little risk and a high chance of reward. The Federal Reserve funded as much as 90% of the investments. If the bonds were profitable, the borrowers benefited. If not, the department agreed to take over the depreciated assets with no repercussions for the borrowers.
"It's very complicated to become qualified as a TALF borrower or as a TALF fund, if you will," Carol Pepper, a wealth management specialist, told Forbes in 2009. "But that's an example of where, if you can get into a TALF fund, you can benefit from this government program."
Under the terms for the program, any U.S. company looking to invest in select categories of bonds was eligible to apply for the loans. However, the Treasury Department and Federal Reserve maintained the "right to reject a borrower for any reason," and the internal selection process was criticized by some lawmakers as opaque and open to corruption.
"How can my constituents in Vermont get some of that money? Who makes the decisions? Do you guys sit around in a room ‐ do you make it? Are there conflicts of interest?" Sen. Bernie Sanders asked Federal Reserve Bank Chairman Ben Bernanke at a March 3, 2009, Senate hearing. "Do you have to be a large, greedy, reckless financial institution to apply for these monies?"
Joe Biden was a key advocate for the financial bailout, which was approved under the Bush administration and expanded under President Barack Obama. He delayed his Senate resignation in January 2009 to cast his final vote to increase funding for the Troubled Asset Relief Program before taking office as vice president.
#4
People talk about Ukraine as if American oligarchs are lily white. The fact is, if American oligarchs like the Bidens weren't so damn crooked nobody in this country would have ever even heard of Ukraine.
Posted by: Abu Uluque ||
11/22/2019 12:21 Comments ||
Top||
#5
What a great racket!
Report investor contributions, wash profits in the Caymans (beautiful islands by the way), report forward earnings, get Fed money and write off loan interest against reported earnings without ever tapping the cash washing island account.
#6
the 2009 federal loan program known as the Term Asset-Backed Securities Loan Facility, or TALF
Often paired with the other investment vehicle utilized by the Biden and Heinz-Kerry clans known as the Senators' HiddenInvestment Trust and Structured Highly-leveraged Offshore Wealth-generation scheme
[MAIL] A criminal investigation has been opened into an FBI official suspected of 'altering' a document in the warrant application to surveil Trump campaign advisor Carter Page during the 2016 election, according to a new report.
The alleged document tampering was uncovered during Inspector General Michael Horowitz's probe into the origins of the Trump-Russia investigation, and subsequently referred to U.S. Attorney John Durham for criminal investigation, CNN reported on Thursday.
In October 2016, the FBI sought and was granted a FISA warrant to surveil Page's communications and access all of his stored emails and texts.
To obtain the warrant, the FBI had to convince a judge in a secret court that there was probable cause that Page was a foreign agent. The 90-day warrant was renewed three times, but Page has never been charged with any crime.
It's unclear which FBI official is under criminal investigation for allegedly tampering with documents in the warrant application.
The names of the supervisory special agent or agents who submitted sworn statements to support the FISA application and renewals were redacted when the applications were publicly released.
Former FBI director James Comey signed off on the FBI evidence in the applications prior to being fired by President Donald Trump in May 2017.
Former FBI Deputy Director Andy McCabe signed off on the subsequent renewals.
The alleged FBI document tampering is expected to be addressed in Horowitz's IG report, which is undergoing final classification review.
In a letter sent on Thursday to Senate Judiciary Committee Chairman Lindsey Graham, Horowitz said he expected his office to be able to release the report on December 9 'barring unforeseen circumstances.'
#8
Could well be Lisa Page. It has been speculated she flipped. Would rather it be her boss Jim Baker and Lisa the stoolie.
From CNN: An FBI lawyer since separated from the bureau faces a criminal investigation for altering a document relating to obtaining the Foreign Intelligence Service Act (FISA) Court warrant to surveil Donald Trump campaign aide Carter Page, CNN reports.
#9
The Conservative Treehouse: The Washington Post Helps Identify FBI Lawyer Who Altered FISA Docs
If you have followed the case closely, the intentional removal of Peter Strzok in combination with the explanation of the lawyer’s FISA responsibilities; and in combination with prior reporting of FBI lawyer 2; it seems pretty obvious the line-level lawyer was Kevin Clinesmith.
Kevin Clinesmith was one of the key FBI small group members on the original Clinton investigation known as the “mid-year exam”, or in text messages the “MYE”. Within the MYE Clinesmith was one of the key legal staff working with Peter Strzok. Clinesmith was lawyer #2 for Strzok who eventually transferred to the subsequent Crossfire Hurricane investigation.
#10
I thought altering documents was standard procedure for the FBI.
Posted by: Rambler in Virginia ||
11/22/2019 11:23 Comments ||
Top||
#11
that's why their 302's are written notes, not recordings, amirite?
Posted by: Frank G ||
11/22/2019 11:56 Comments ||
Top||
#12
Sorry I'm not multi-lingual. Some of the posts on this thread are indecipherable to me.
Posted by: Abu Uluque ||
11/22/2019 12:24 Comments ||
Top||
#13
We're an eclectic bunch. Between us, we speak Afrikaans, Bureaucratese, C++, English, German, Hebrew, Latin, MilSpec, Russian, Snarkanese, Yiddish, and a touch of Zulu.
Personally, as a man of the world, I feel it is important to both greet and curse the natives in whatever their barbaric tongue.
#15
re #13: Abu, use Google translate - copy the text in the post, then paste into Google Translate, using Detect Language.
Not perfect, but you usually get the sense of the post.
Posted by: Rambler in Virginia ||
11/22/2019 12:58 Comments ||
Top||
#16
Strzok, Page et al are this century's Plumbers.
[THECONSERVATIVETREEHOUSE] DNA testing has established, “with scientific certainty,” that Hunter Biden is the father of an Arkansas baby, according to a motion filed Wednesday in Independence County on behalf of the child’s mother, Lunden Alexis Roberts.
Biden, son of former vice president Joe Biden, “is not expected to challenge the results of the DNA test or the testing process,” the filing states. An attorney for Hunter Biden, former Arkansas Attorney General Dustin McDaniel, did not immediately respond to a request for comment. (read more)
#3
I can't even think of any snark. This family is so unbelievably dysfunctional, corrupt, and reamed out like a rotten tree eaten from the roots by fungus and through the bark by so many insects that it can't even stand up straight.
Why the f--- does anyone take these hollow shell of a man seriously?
How the hell did he become a candidate for president?
#4
#3 To really understand the new class (credentialed) Lex, don't look at their leadership - look at the lower ranks: school principals, perfessors, etc...
You don't need to. Trump already tweeted his congratulations to Biden on becoming a grandpa.
My google-fu must be weak as I can't seem to find it again.
#6
Dems say, Trump's corrupt! So they offer Biden.
Dems say, Trump's a buffoon! So they offer Fauxcahontas and Fartacus.
Dems say, Trump's an extremist! So they offer Bernie Trotsky.
Dems say, Trump's lewd, licentious! So they offer KamalHo and Avenatti.
"I have made but one prayer to God-- that he make my enemies ridiculous. And God granted it!"
[KING5] SEATTLE ‐ King County Council approved $100,000 in funding Wednesday for a program that would bus the homeless outside the county.
Council members earmarked the money as part of $450 million in supplemental funding for the 2019-2021 biennial budget. Other items in the supplemental budget included money for more electric vehicle chargers, a campaign for human trafficking awareness, and extending a gender identity task force.
Councilmember Reagan Dunn, who championed the bus ticket funding, said the King County Executive’s Office will also work on the design of his proposed Homeward Bound program, which would combine the five programs that currently provide family reunification services. It would also hand out bus tickets to the homeless for any destination that’s not in King County or an adjacent county.
"This funding allows us to offer stop-gap family reunification services while collecting data that will inform the design of a dedicated Homeward Bound program," Dunn said in a statement.
Although $100,000 is a significant increase over the $37,000 that Dunn said the county currently spends on family reunification, it’s much less than the $1 million that Dunn called for two months ago.
"Considering that San Diego spends $1.2 million on their Homeward Bound program, ours will ultimately require a larger investment ‐ but for now, this is a good start," Dunn said in a statement.
"We think the $100,000 is an appropriate amount given what the need is," said Lauren McGowan, the senior director for Ending Homelessness with United Way King County.
McGowan said United Way has a similar program and it uses only a small fraction of the $2 million they dedicated to helping the homeless.
Posted by: Fred ||
11/22/2019 00:00 ||
Comments ||
Link ||
[11133 views]
Top|| File under:
#1
Why don’t they just have the police pick them up and drive them out of town? They aren’t allowed to arrest and jail criminals so they should have time.
#9
"Gender Identity Task Force!"
I like it. Not as snappy as Whiskey Tango Foxtrot, or Bravo Zulu, but could be useful in dealing with our era's multitude of crapulosities.
[FOXNEWS] The Senate confirmed yet another of President Trump's picks to a federal circuit court seat Wednesday in a vote that tilts the balance of the 11th Circuit Court of Appeals to a GOP-appointed majority.
The 11th Circuit is now the third court to undergo such a transformation during Trump's presidency.
With an 80-15 vote, the Senate confirmed Barbara Lagoa to the seat formerly held by Judge Stanley Marcus, a Clinton appointee who sat on the appeals court that handles cases from Florida, Georgia and Alabama since 1997. Lagoa, the first Cuban-American woman confirmed to the 11th Circuit, tilts that court, which was previously split between six Republican appointees and six Democratic appointees, to a GOP-appointed majority. Trump's nominees alone now hold five of the 12 seats on the 11th Circuit.
Posted by: Fred ||
11/22/2019 00:00 ||
Comments ||
Link ||
[11130 views]
Top|| File under:
#1
Only 15 Dems opposed? Suggests she might not be a good pick.
[Breitbart] While speaking to reporters in Atlanta on Thursday, 2020 Democratic presidential candidate former Vice President Joe Biden stated that, if not for voter suppression, Stacey Abrams would be the governor of Georgia.
Biden vowed [relevant remarks begin around 10:25] that if he is elected president, the Department of Justice will focus on states that try to make it more difficult for people to vote and called for reinstating the pre-clearance requirement in the Voting Rights Act.
He added, "Stacey would be the governor right now, were it not for voter suppression, right this minute."
[Breitbart] On Thursday’s broadcast of the Fox News Channel’s "The Story," White House Principal Deputy Press Secretary Hogan Gidley stated that if the House moves forward on impeachment, President Trump "wants a trial in the Senate" and to bring up witnesses like House Intelligence Committee Chairman Adam Schiff (D-CA), the whistleblower, and Hunter and Joe Biden.
Gidley said, "I spoke to the president about this tonight. ... The president did nothing wrong. He wants that plain and clearly explained to the American people. But, he also feels there’s no basis to move forward at all in the House. But if they do, he wants a trial in the Senate. He wants to be able to bring up witnesses like Adam Schiff, like the whistleblower, like Hunter Biden, like Joe Biden. And he says, if the House moves forward with this sham, and they continue to push these fake, illegitimate proceedings onto the American people, then he wants it to go to the Senate, and he wants a trial."
#2
Can't wait to see those old senators roasting Schifferbrains over the coals.
Posted by: Abu Uluque ||
11/22/2019 12:43 Comments ||
Top||
#3
And since the President has the ultimate authority on declassification, nobody can say "Sorry, I can't talk about that. It's classified."
So EVERYTHING can come out.
Posted by: Rambler in Virginia ||
11/22/2019 13:00 Comments ||
Top||
#4
I will never understand why people jump into volcanoes. Have a nice swim, Dems. You didn't see what happens next coming?
#2
It's an election of a federal office. States can not establish any higher requirements than the national government does.
Of course if they don't teach American history, and its laws, a lot people think they can do anything they want to (in establishing a one party system).
[THEGATEWAYPUNDIT] The FBI recently sought to question the CIA whistleblower who filed a complaint over President Trump’s July 25 Ukraine call ‐ a move that came after a vigorous internal debate within the bureau over how to respond to some of the issues raised by the complaint’s allegations and whether they needed to be more thoroughly investigated, according to sources familiar with the matter.
An FBI agent in the Washington field office in October reached out to one of the lawyers representing the whistleblower and asked to question the CIA analyst who triggered the congressional inquiry into the president’s conduct, one of the sources said.
But no interview has yet to be scheduled. It is unclear what the intended scope of the interview would be or whether the whistleblower’s lawyers will agree to it. Mark Zaid, one of the lawyers for the whistleblower, said he and his co-counsel would have no comment. An FBI spokesperson also declined comment.
[BREITBART] Housing and Urban Development Secretary Ben Carson ... a neurosurgeon who was under the delusion that being brilliant qualifies him to be president.... said Monday that Rep. U.S. Representative for California's 43rd congressional district, serving since 1991, a total of 27.9740658281048 years. A member of the Democratic Party, she is the most senior of the 12 black women currently serving in the United States Congress, is a member and former chair of the Congressional Black Caucus. Before becoming a member of Congress she served in the California Assembly, to which she was first elected back when Disco was in flower, in 1976, which would make it 42.97201244001445 years. She has been a politician for virtually all her adult life. If she was brighter she'd be a Communist... Comrade Maxine Waters (D-CA) lacked "basic manners" in penning a letter to President Donald Trump ...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States... last month saying his "shamelessness knows no bounds."
Waters’ October 28 letter demanded answers from the Trump administration about its plan to push homeless Caliphornia, an impregnable bastion of the Democratic Party,ns out of homeless encampments, Politico reported.
The Washington Post reported in September that the administration has pushed for a crackdown on homeless encampments in California, with aides discussing the possibility of moving them to government-run facilities.
"Shamelessness," Carson wrote in a reply letter obtained by Politico, "is a career politician of 30 years laying blame. Shamelessness is allowing more than 55,000 Americans to live on the very streets they represent," referencing Waters’ district in southern Los Angeles County.
Carson added that he wrote multiple letters to Waters’ office with the intent of meeting to discuss the homelessness crisis in her district but claimed she had refused to meet him.
"Basic manners elude you and it seems that instead of producing results, you’re more interested in producing cheap headlines at the President’s expense ‐ like a true career politician," Carson continued.
In response to Carson’s letter, Waters told the Hill that Carson is incompetent and "a complete failure at HUD."
"All of this demonstrates his lack of competence as HUD secretary and the cruelty of this Administration. Instead of whining about his inability to get on my schedule, he should take some time to focus on the over half a million people experiencing homelessness in this country," Waters said.
#4
Homelessness is a California problem. It should be solved by Californians. If our irresponsible state and city politicians would enforce drug and vagrancy laws the problem could be solved. I think the primary federal concern is all the pee and poo flowing into the ocean.
Posted by: Abu Uluque ||
11/22/2019 12:52 Comments ||
Top||
#5
Most likely, on some level, Mad Max understands which level of government is responsible for what but she has so much fun blaming that bad Orange Man for everything.
Posted by: Abu Uluque ||
11/22/2019 12:53 Comments ||
Top||
[BREITBART] Sen. Kámala Harris Former Oakland mayor Willie Brown's former mistress, now a senatrix from California and 2020 Dem presidential hopeful, indistinguishable from the others... (D-CA), who was born in Oakland, Caliphornia, an impregnable bastion of the Democratic Party,, and grew up in Berkeley, broke into her campaign-trail southern accent for just one question during Wednesday’s 2020 Democrat presidential debate in Atlanta, Georgia.
The odd moment occurred as Harris, who is polling in single digits nationally, explained how she would unite the "Obama coalition" to win the White House.
"Look, there’s a lot at stake in this election and I’ve said many times that justice is on the ballot in 2020," Harris began. "It’s about economic justice, it’s about justice for children, it’s about justice for our teachers."
"This issue is not, ’what is the fight?'" Harris continued, before deploying the accent: "The issue is: ’how we gonna win?"
"To win, we have to build a coalition to rebuild the Obama coalition. I’ve been referring to that because that’s the last time we won," she added.
[FREEBEACON] Democratic presidential candidate Deval (Whoa! Nice) drapes! Patrick was forced to cancel a campaign event Wednesday night after only two people showed up.
Patrick, who entered the primary field too late to qualify for the MSNBC debate in Atlanta, was scheduled to speak across town at a campaign event at Morehouse College, a historically black university. He cancelled the event after only two students showed up, according to CNN news hound Annie Grayer.
"Governor @DevalPatrick was supposed to have an event at Morehouse College tonight," Grayer reported. "An organizer with the college who planned the event told CNN that Patrick cancelled the event when he arrived and learned that he would not have an audience. (Note, two people came, not pictured)."
[AMGREATNESS] Recently, I asked a liberal friend whether Joe Foreign Policy Whiz Kid Biden ...Old, boring, a plagiarist, fond of hair sniffing and grabbing the protruding parts of women, and not whatcha call brilliant... would assert his Fifth Amendment rights in an eventual trial before the Senate. "That’s never going to happen," my friend sniffed. He went on to mock the "conspiracy theory" that the Ukrainians interfered in the election and the "debunked" theory that Hunter Biden somehow broke a law by taking money from Burisma.
"Yes it will," I responded. "The whole theory for impeachment hinges on the assumption that the investigation of the Bidens was just a personal political hit job to help in 2020. If Trump can establish a legitimate law enforcement concern in looking into the Bidens and/or Ukrainian interference in the 2016 election, the whole thing falls apart."
Continued on Page 49
Posted by: Fred ||
11/22/2019 00:00 ||
Comments ||
Link ||
[11131 views]
Top|| File under:
#1
Why take the 5th? Just lie his pants off. Tell me someone who has gone to prison for lying to congress other than people who are not part of the Inner Party?
[Breitbart] On Wednesday's broadcast of the Fox News Channel's "Hannity," Senate Judiciary Committee Chairman Lindsey Graham (R-SC) announced that DOJ Inspector General Michael Horowitz's report on alleged FISA abuses in the 2016 election will be released on December 9.
Graham said, "It'll be December the 9. You'll get the report." This is beginning to seem like Calvin waiting for his propeller beanie.
Posted by: lord garth ||
11/22/2019 00:00 ||
Comments ||
Link ||
[11130 views]
Top|| File under:
#1
Old Russian saying "Crows don't pluck each others eyes."
Democratic presidential hopeful Senator Elizabeth Warren on Thursday criticized Prime Minister Binyamin Netanyahu after Attorney General Avichai Mandelblit announced Netanyahu had been indicted for bribery, fraud and breach of trust.
"Netanyahu is accused of accepting bribes, trading government favors, and manipulating a free press. Like his pal Donald Trump, he'll stop at nothing to enrich himself and stay in power. This blatant corruption has no place in any democracy‐I'll fight it at home and abroad," Warren wrote in a tweet. What are the cases Netanyahu has been indicted for?
#2
This is bullshit. A friggin' carpet and some cigar boxes. Is a head of State expected to refuse to meet people, throw away gifts ?
Desperate, arab-loving, boy buggering lawyers are just trying the Dem playbook in Israel. This shit is everywhere. It's the trend among leftist lawfarer flunkies of self-righteous politicians who can't win elections fairly. And the only good solution is a boot on their faces.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
[Washington Examiner] An investment firm linked to Hunter Biden received over $130 million in federal bailout loans while his father Joe Biden was vice president and routed profits through a subsidiary in the Cayman Islands, according to federal banking and corporate records reviewed by the Washington Examiner.
[THECONSERVATIVETREEHOUSE] DNA testing has established, “with scientific certainty,” that Hunter Biden is the father of an Arkansas baby, according to a motion filed Wednesday in Independence County on behalf of the child’s mother, Lunden Alexis Roberts.
[Breitbart] On Thursday’s broadcast of the Fox News Channel’s "The Story," White House Principal Deputy Press Secretary Hogan Gidley stated that if the House moves forward on impeachment, President Trump "wants a trial in the Senate" and to bring up witnesses like House Intelligence Committee Chairman Adam Schiff (D-CA), the whistleblower, and Hunter and Joe Biden.
[THEGATEWAYPUNDIT] The FBI recently sought to question the CIA whistleblower who filed a complaint over President Trump’s July 25 Ukraine call ‐ a move that came after a vigorous internal debate within the bureau over how to respond to some of the issues raised by the complaint’s allegations and whether they needed to be more thoroughly investigated, according to sources familiar with the matter.
U.S. Representative for California's 43rd congressional district, serving since 1991, a total of 27.9740658281048 years. A member of the Democratic Party, she is the most senior of the 12 black women currently serving in the United States Congress, is a member and former chair of the Congressional Black Caucus. Before becoming a member of Congress she served in the California Assembly, to which she was first elected back when Disco was in flower, in 1976, which would make it 42.97201244001445 years. She has been a politician for virtually all her adult life. If she was brighter she'd be a Communist...
Former Oakland mayor Willie Brown's former mistress, now a senatrix from California and 2020 Dem presidential hopeful, indistinguishable from the others...
[FREEBEACON] Democratic presidential candidate 
...Old, boring, a plagiarist, fond of hair sniffing and grabbing the protruding parts of women, and not whatcha call 
[Breitbart] On Wednesday's broadcast of the Fox News Channel's "Hannity," Senate Judiciary Committee Chairman Lindsey Graham (R-SC) announced that DOJ Inspector General Michael Horowitz's report on alleged FISA abuses in the 2016 election will be released on December 9.
