PPVRA From Brazil, joined Nov 2004, 8492 posts, RR: 43 Posted (4 years 6 months 1 week 5 days 20 hours ago) and read 1122 times:
Quote: Lobbyists Swarm the Treasury for Piece of Bailout Pie
By MARK LANDLER and DAVID D. KIRKPATRICK
. . .
The Treasury Department is under siege by an army of hired guns for banks, savings and loan associations and insurers — as well as for improbable candidates like a Hispanic business group representing plumbing and home-heating specialists. That last group wants the Treasury to hire its members as contractors to take care of houses that the government may end up owning through buying distressed mortgages.
. . .
Then there is the National Marine Manufacturers Association, which is asking whether boat financing companies might be eligible for aid to ensure that dealers have access to credit to stock their showrooms with boats — costs have gone up as the credit markets have calcified. Using much the same rationale, the National Automobile Dealers Association is pleading that car dealers get consideration, too.
. . .
Under the terms of the $250 billion capital purchase program announced last month, cash infusions are available to “qualifying U.S. banks, savings associations, and certain bank and savings and loan holding companies, engaged only in financial activities.”
That definition has grown to include private banks and insurers like Allstate and MetLife, which own savings and loans. It may also encompass industrial lenders like GE Capital and GMAC, the financing arm of General Motors, provided they win approval to reclassify themselves as a bank or savings and loan holding company.
. . .
Some lobbyists, Mr. Mason said, had called him even though they did not have any clients looking to get into the program or worried about its restrictions. They were merely seeking intelligence on which industries would be deemed eligible for assistance. He suspects they were representing hedge funds that wanted to trade on that information.
Okie From United States of America, joined Jul 2003, 2374 posts, RR: 3 Reply 1, posted (4 years 6 months 1 week 5 days 19 hours ago) and read 1090 times:
I am trying to act SURPRISED
You start handing out free money, do not be suprised who starts standing in line to get some.
Let me try this one " If Okie does not get some free money, then he will have less time for A net"
AirCop From , joined Dec 1969, posts, RR: Reply 2, posted (4 years 6 months 1 week 5 days 18 hours ago) and read 1072 times:
Now according to the WSJ - American Express is requesting $3.5b...American Express Co. which is being hit by slowing consumer spending and rising defaults, is seeking roughly $3.5 billion in taxpayer-funded capital from the federal government, according to people familiar with the situation.
Confuscius From United States of America, joined Aug 2001, 3634 posts, RR: 2 Reply 3, posted (4 years 6 months 1 week 5 days 17 hours ago) and read 1064 times:
Confuscius From United States of America, joined Aug 2001, 3634 posts, RR: 2 Reply 5, posted (4 years 6 months 1 week 5 days 17 hours ago) and read 1052 times:
Quoting QXatFAT (Reply 4): Hmm and who will be giving out all of this money?
Dreadnought From United States of America, joined Feb 2008, 7779 posts, RR: 22 Reply 7, posted (4 years 6 months 1 week 5 days 15 hours ago) and read 1013 times:
Lefties have always scoffed at the idea that the Bush Administration and much of the GOP in Congress are not conservatives. Well, here is the proof.
And for the 2008 election, we didn't even have a conservative on the ballot, except for a VP candidate, which doesn't really count.
Aaron747 From Japan, joined Aug 2003, 7637 posts, RR: 28 Reply 8, posted (4 years 6 months 1 week 5 days 13 hours ago) and read 970 times:
Quoting QXatFAT (Reply 9): What? How can I join you in that?
Live overseas, file the Foreign Income Exclusion or Foreign Housing Exclusion, and make $82,000 or less. Helps to offshore any investments that have capital gains as well (all of my investments are paid in yen or Hong Kong dollars).
If you need someone to blame / throw a rock in the air / you'll hit someone guilty
sounds good. Actually I plan on moving to Brasil or Paraguay in the next 2 years. So maybe I will finally be able to join you in this.
Question:
Are all the monies that is going to AIG and possibly GM and these Lobbyists all coming from the one bailout bill or is it coming in addition to the bailout bill?
Aaron747 From Japan, joined Aug 2003, 7637 posts, RR: 28 Reply 10, posted (4 years 6 months 1 week 5 days 13 hours ago) and read 960 times:
Quoting QXatFAT (Reply 11):
Are all the monies that is going to AIG and possibly GM and these Lobbyists all coming from the one bailout bill or is it coming in addition to the bailout bill?
There was so much pork added to the bailout bill it's likely it will be necessary for them to cull from other funding streams to hit the target allotted amount. Again, a disgusting abuse of the American taxpayer.
If you need someone to blame / throw a rock in the air / you'll hit someone guilty
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From Brazil, joined Nov 2004, 8492 posts, 
From United States of America, joined Jul 2003, 2374 posts, 
From , joined Dec 1969, posts, 
From Israel, joined Feb 2006, 2401 posts, 
From Japan, joined Aug 2003, 7637 posts, 
sounds good. Actually I plan on moving to Brasil or Paraguay in the next 2 years. So maybe I will finally be able to join you in this.
From Australia, joined Mar 2005, 2839 posts, 
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