Welcome to Bizarro Amerika!
March 29, 2024, 01:39:26 am
Welcome, Guest. Please login or register.

Login with username, password and session length
News: OUR POLITIKAL SECTION IS A TROLL FREE AREA. ACT ACCORDINGLY.
 
  Home   Forum   Help Search Arcade Gallery Links Staff List Calendar Login Register  

fed bailing out housewives of bankers.

Pages: [1]   Go Down
  Print  
Author Topic: fed bailing out housewives of bankers.  (Read 558 times)
0 Members and 1 Guest are viewing this topic.
44nutman
Founding Member
Noob
******

Karma: +18/-0
Offline Offline

Posts: 713



View Profile
Badges: (View All)
Sixth year Anniversary Fifth year Anniversary Level 5
« 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.

Report Spam   Logged

Share on Facebook Share on Twitter

Howey
Administrator
Noob
*****

Karma: +693/-2
Offline Offline

Posts: 9436



View Profile
Badges: (View All)
Tenth year Anniversary Nineth year Anniversary Eighth year Anniversary
« Reply #1 on: April 13, 2011, 06:30:31 pm »

Is a TALF related to a MILF?
Report Spam   Logged

lil mike
Noob
*

Karma: +2/-4
Offline Offline

Posts: 907


View Profile
Badges: (View All)
Topic Starter Combination Level 3
« Reply #2 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.
Report Spam   Logged
Howey
Administrator
Noob
*****

Karma: +693/-2
Offline Offline

Posts: 9436



View Profile
Badges: (View All)
Tenth year Anniversary Nineth year Anniversary Eighth year Anniversary
« Reply #3 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?Huh?
Report Spam   Logged

lil mike
Noob
*

Karma: +2/-4
Offline Offline

Posts: 907


View Profile
Badges: (View All)
Topic Starter Combination Level 3
« Reply #4 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?Huh?

Which Congressional Republicans are owned by Wall Street?
Report Spam   Logged
44nutman
Founding Member
Noob
******

Karma: +18/-0
Offline Offline

Posts: 713



View Profile
Badges: (View All)
Sixth year Anniversary Fifth year Anniversary Level 5
« Reply #5 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.
Report Spam   Logged
lil mike
Noob
*

Karma: +2/-4
Offline Offline

Posts: 907


View Profile
Badges: (View All)
Topic Starter Combination Level 3
« Reply #6 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?
Report Spam   Logged
Howey
Administrator
Noob
*****

Karma: +693/-2
Offline Offline

Posts: 9436



View Profile
Badges: (View All)
Tenth year Anniversary Nineth year Anniversary Eighth year Anniversary
« Reply #7 on: April 16, 2011, 06:15:36 pm »

Is there a list for that?

There's This 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
« Last Edit: April 16, 2011, 06:18:05 pm by Howey » Report Spam   Logged

lil mike
Noob
*

Karma: +2/-4
Offline Offline

Posts: 907


View Profile
Badges: (View All)
Topic Starter Combination Level 3
« Reply #8 on: April 16, 2011, 07:56:14 pm »

There's This 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.
Report Spam   Logged

Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by EzPortal
Bookmark this site! | Upgrade This Forum
SMF For Free - Create your own Forum


Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy