Leon Black’s Apollo Global Management LLC, Carlyle Group LP and a unit of Credit Suisse Group AG have all taken steps in the past two months to create CLOs now that they may be able to refinance after the rules take effect in December 2016 without having to comply with the new regulations, according to … Read more
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, according to the special inspector general for the Troubled Asset Relief Program. The … Read more
Tucked into the recent recovery bill was a provision granting the Federal Reserve the right to set up a $450 billion bailout plan without following key provisions of the federal open meetings law, including announcing its meetings or keeping most records about them, according to a POLITICO review of the legislation. The provision further calls … Read more
To summarize, in just the last few years the world has invented a way to create software services that have no central operator. These services are called decentralized applications and they are enabled with crypto assets that incentivize entities on the internet to contribute resources — processing, storage, computing — necessary for the service to function. It’s worth pausing … Read more
The first two parts of this series focused on how Trump-specific factors could lead the American empire into another series of foolish and highly destructive wars. Part 1 discussed my concerns regarding Iran deal certification, as well as Trump’s increased coziness with Arkansas Senator Tom Cotton, who appears to get turned on by the use … Read more
Those whom the gods wish to destroy they first make mad. Before I get into the meat of this post, I want to revisit something I wrote back in January. From the post, Very Powerful People in the U.S. Government Want War – This is Their Sales Pitch: We need to understand that those who want … Read more
The biggest disappointment regarding Donald Trump since being elected President has been his total embrace of dangerous Wall Street thieves. As it is currently structured and incentivized, the financial services industry represents one of the most destructive and least beneficial forces within the U.S. economy. It is essentially a parasitic industry. Unfortunately, Trump didn’t merely pick one or … Read more
Given the fact that I’m not a Trump supporter, a few people have informed me that my recent coverage has been very one-sided against Clinton. This is unquestionably true. Since I’m always trying to question myself and my motivations, I had to ask myself: Why is this the case? Beyond the incredible torrent of factual revelations that have emerged which should disqualify her … Read more
One of the more disturbing revelations from this year’s U.S. presidential election, has been Hillary Clinton’s compulsive propensity to hide all sorts of things from the American public. While I appreciate one’s right to privacy as much as the next person, if you want to run for President of these United States, transparency and engagement with … Read more
Peter Schweizer, author of Clinton Cash, has published a very important and disturbing piece over at Politico titled, The Strange Gaps in Hillary Clinton’s Email Traffic. Here are some key excerpts: But, when it comes to Clinton’s correspondence, the most basic and troubling questions still remain unanswered: Why are there gaps in Clinton’s email history? Did … Read more