Nowhere is the fraudulent and criminal “oligarch recovery” more on display than in my hometown of New York City. Despite benefitting more than any other community from an enormous taxpayer bailout of the industry that destroyed the economy, financial services, the vast majority of the wealth has been allocated to a handful of oligarchs.
To make matters even worse, American public policy, if you can even call it that, has been to encourage overseas oligarchs to park billions of dollars in U.S. real estate that largely sits uninhabited. Manhattan is a perfect example of this unproductive behavior and misallocation of capital. I covered this theme last year in the piece, Introducing Ghost Skyscrapers – NYC Real Estate Goes Full Retard, where it was noted that:
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According to the American Academy of Family Physicians, around 10 percent of family doctors already offer shared medical appointments, sessions that bring together a dozen or more patients with similar medical conditions to meet with a doctor for 90 minutes. With pressure from the government and insurers to bring down the cost of care while treating the increasing number of people with health insurance, patients can expect group visits to become more common. “It’s efficient. It’s economical.
Murders reached a historic low in NYC for 2014; overall crime was down across the board by nearly 5%; hell, even the holiday slowdown didn’t really lead to any additional crime. So clearly, now is the time when NYC really needs to implement a new anti-terrorism program which would empower a team of NYPD officers to roam around the city carrying machine guns. What could go wrong?
He’s a thug, and a crook, and a liar, and a pseudo-intellectual and a murderer. Ok? Those things are factually verifiable.
On matters of policy, Ms. Lynch called capital punishment “an effective penalty” and said she disagreed with Mr. Obama’s statements that marijuana was no more harmful than alcohol. She called the National Security Agency’s collection of American phone records “certainly constitutional, and effective.”
Andrew Lack was sworn in this week as the first chief executive of the Broadcasting Board of Governors, putting him in charge of an agency with a $700 million budget and an outsize influence on shaping world opinion about the United States. Foreign policy experts and some critics say the appointment of Mr. Lack, the former president of NBC News and a prominent news media executive, represents a sea change for the often-criticized agency, which oversees United States government-supported civilian international news media such as Voice of America, Radio Free Europe/Radio Liberty, the Middle East Broadcasting Networks and Radio Free Asia.
The Treasury-created market has benefited a few savvy investors, while saddling taxpayers with a loss. Three private funds, which the report didn’t name, have won almost half the shares available at auction, often netting either a profit on paper or on the resale, 
Rather than buying equity interests in buildings, TIAA-CREF and KTCU are seeking to invest in mortgages backed by office towers, retail properties, warehouses and apartments in major U.S. cities. The venture between the two companies, which manage teachers’ savings in their respective countries, is 51 percent owned by TIAA-CREF and 49 percent held by Seoul-based KTCU.