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Title: fed bailing out housewives of bankers. Post by: 44nutman on April 13, 2011, 06:28:50 pm http://www.rollingstone.com/politics/news/the-real-housewives-of-wall-street-look-whos-cashing-in-on-the-bailout-20110411?print=true
This is absolutely effing disgusting. What has happened to my country. We are run by crooks. But if you want to get a true sense of what the "shadow budget" is all about, all you have to do is look closely at the taxpayer money handed over to a single company that goes by a seemingly innocuous name: Waterfall TALF Opportunity. At first glance, Waterfall's haul doesn't seem all that huge — just nine loans totaling some $220 million, made through a Fed bailout program. That doesn't seem like a whole lot, considering that Goldman Sachs alone received roughly $800 billion in loans from the Fed. But upon closer inspection, Waterfall TALF Opportunity boasts a couple of interesting names among its chief investors: Christy Mack and Susan Karches. Christy is the wife of John Mack, the chairman of Morgan Stanley. Susan is the widow of Peter Karches, a close friend of the Macks who served as president of Morgan Stanley's investment-banking division. Neither woman appears to have any serious history in business, apart from a few philanthropic experiences. Yet the Federal Reserve handed them both low-interest loans of nearly a quarter of a billion dollars through a complicated bailout program that virtually guaranteed them millions in risk-free income. Title: Re: fed bailing out housewives of bankers. Post by: Howey on April 13, 2011, 06:30:31 pm Is a TALF related to a MILF?
Title: Re: fed bailing out housewives of bankers. Post by: lil mike on April 14, 2011, 04:47:49 pm http://www.rollingstone.com/politics/news/the-real-housewives-of-wall-street-look-whos-cashing-in-on-the-bailout-20110411?print=true This is absolutely effing disgusting. What has happened to my country. We are run by crooks. But if you want to get a true sense of what the "shadow budget" is all about, all you have to do is look closely at the taxpayer money handed over to a single company that goes by a seemingly innocuous name: Waterfall TALF Opportunity. At first glance, Waterfall's haul doesn't seem all that huge — just nine loans totaling some $220 million, made through a Fed bailout program. That doesn't seem like a whole lot, considering that Goldman Sachs alone received roughly $800 billion in loans from the Fed. But upon closer inspection, Waterfall TALF Opportunity boasts a couple of interesting names among its chief investors: Christy Mack and Susan Karches. Christy is the wife of John Mack, the chairman of Morgan Stanley. Susan is the widow of Peter Karches, a close friend of the Macks who served as president of Morgan Stanley's investment-banking division. Neither woman appears to have any serious history in business, apart from a few philanthropic experiences. Yet the Federal Reserve handed them both low-interest loans of nearly a quarter of a billion dollars through a complicated bailout program that virtually guaranteed them millions in risk-free income. How sweet! The government is taking care of the widows of wall street. It really is a kinder, gentler nation. Title: Re: fed bailing out housewives of bankers. Post by: Howey on April 14, 2011, 06:12:45 pm How sweet! The government is taking care of the widows of wall street. It really is a kinder, gentler nation. Yeah. It's a shame the congressional Republicans and some Democrats are owned by Wall Street. Now just when is the House going to do away with the lobbyists???? Title: Re: fed bailing out housewives of bankers. Post by: lil mike on April 14, 2011, 10:09:56 pm Yeah. It's a shame the congressional Republicans and some Democrats are owned by Wall Street. Now just when is the House going to do away with the lobbyists???? Which Congressional Republicans are owned by Wall Street? Title: Re: fed bailing out housewives of bankers. Post by: 44nutman on April 15, 2011, 09:29:26 am Which Congressional Republicans are owned by Wall Street? The better question is who is not owned by Wall Street. It would be a shorter list. Title: Re: fed bailing out housewives of bankers. Post by: lil mike on April 16, 2011, 04:15:21 pm The better question is who is not owned by Wall Street. It would be a shorter list. Is there a list for that? Title: Re: fed bailing out housewives of bankers. Post by: Howey on April 16, 2011, 06:15:36 pm Is there a list for that? There's This (http://www.opensecrets.org/industries/indus.php?ind=E01) Be sure to check out the tables...interesting! Quote This industry, which includes multinational and independent oil and gas producers and refiners, natural gas pipeline companies, gasoline service stations and fuel oil dealers, has long enjoyed a history of strong influence in Washington. Individuals and political action committees affiliated with oil and gas companies have donated $238.7 million to candidates and parties since the 1990 election cycle, 75 percent of which has gone to Republicans. Quote Koch Industries $1,931,562 Exxon Mobil $1,337,058 Chief Oil & Gas $1,192,361 Chevron Corp $937,964 Marathon Oil $678,290 Valero Energy $636,500 Occidental Petroleum $575,900 Devon Energy $507,250 Williams Companies $491,685 Chesapeake Energy $467,056 ConocoPhillips $462,204 Independent Petroleum Assn of America $459,500 Anadarko Petroleum $443,260 American Gas Assn $386,400 Halliburton Co $314,280 Pilot Corp $290,567 Tesoro Petroleum $277,883 Society of Indep Gasoline Marketers $274,000 Bass Brothers Enterprises $247,465 Petroleum Marketers Assn $243,900 The source for this information is Open Secrets, a subsidiary of the non-partisan Center for Responsive Politics: http://en.wikipedia.org/wiki/Center_for_Responsive_Politics Title: Re: fed bailing out housewives of bankers. Post by: lil mike on April 16, 2011, 07:56:14 pm There's This (http://www.opensecrets.org/industries/indus.php?ind=E01) Be sure to check out the tables...interesting! The source for this information is Open Secrets, a subsidiary of the non-partisan Center for Responsive Politics: http://en.wikipedia.org/wiki/Center_for_Responsive_Politics Errr not really the list I was asking for. |