Sponsor Message:
Non Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Lobbyists Swarm The Treasury For Piece Of Bailout  
User currently offlinePPVRA From Brazil, joined Nov 2004, 8978 posts, RR: 39
Posted (6 years 1 month 2 weeks 3 days 1 hour ago) and read 1761 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.

http://www.nytimes.com/2008/11/12/bu...login&pagewanted=print&oref=slogin

I think calling this the opening of a major can of worms is an understatement.

[Edited 2008-11-12 08:49:00]


"If goods do not cross borders, soldiers will" - Frederic Bastiat
11 replies: All unread, jump to last
 
User currently offlineOkie From United States of America, joined Jul 2003, 3197 posts, RR: 3
Reply 1, posted (6 years 1 month 2 weeks 3 days ago) and read 1729 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"

Okie


User currently offlineAirCop From , joined Dec 1969, posts, RR:
Reply 2, posted (6 years 1 month 2 weeks 2 days 23 hours ago) and read 1711 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.

User currently offlineConfuscius From United States of America, joined Aug 2001, 3880 posts, RR: 1
Reply 3, posted (6 years 1 month 2 weeks 2 days 22 hours ago) and read 1703 times:

Capitalists endorses socialism!?  scratchchin 




Viva! La Revolución Viva!
 bigthumbsup 



Ain't I a stinker?
User currently offlineQXatFAT From Israel, joined Feb 2006, 2405 posts, RR: 5
Reply 4, posted (6 years 1 month 2 weeks 2 days 22 hours ago) and read 1693 times:



Quoting AirCop (Reply 2):
taxpayer-funded capital from the federal government

Hmm and who will be giving out all of this money? That is right. Our "cut spending" Dems in office. Interesting.



Don't Tread On Me!
User currently offlineConfuscius From United States of America, joined Aug 2001, 3880 posts, RR: 1
Reply 5, posted (6 years 1 month 2 weeks 2 days 22 hours ago) and read 1691 times:



Quoting QXatFAT (Reply 4):
Hmm and who will be giving out all of this money?

Hank Paulson



Ain't I a stinker?
User currently offlinePPVRA From Brazil, joined Nov 2004, 8978 posts, RR: 39
Reply 6, posted (6 years 1 month 2 weeks 2 days 20 hours ago) and read 1670 times:

Quoting Confuscius (Reply 5):
Hank Paulson

Paulson says US bail-out working

Big and red headlines at http://www.cnn.com/ :

Dow ends with 400-point loss, pushing the 3-day drop to about 650, on concerns about retail and banking sectors.

 

[Edited 2008-11-12 13:25:52]


"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineDreadnought From United States of America, joined Feb 2008, 8965 posts, RR: 24
Reply 7, posted (6 years 1 month 2 weeks 2 days 20 hours ago) and read 1652 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.

Bring back conservatism!



Veni Vidi Castratavi Illegitimos
User currently offlineAaron747 From Japan, joined Aug 2003, 8299 posts, RR: 26
Reply 8, posted (6 years 1 month 2 weeks 2 days 18 hours ago) and read 1609 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
User currently offlineQXatFAT From Israel, joined Feb 2006, 2405 posts, RR: 5
Reply 9, posted (6 years 1 month 2 weeks 2 days 18 hours ago) and read 1605 times:



Quoting Aaron747 (Reply 10):
Live overseas

 checkmark  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?



Don't Tread On Me!
User currently offlineAaron747 From Japan, joined Aug 2003, 8299 posts, RR: 26
Reply 10, posted (6 years 1 month 2 weeks 2 days 18 hours ago) and read 1599 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
User currently offlineWunalaYann From Australia, joined Mar 2005, 2839 posts, RR: 25
Reply 11, posted (6 years 1 month 2 weeks 2 days 16 hours ago) and read 1580 times:



Quoting PPVRA (Thread starter):
I think calling this the opening of a major can of worms is an understatement.

I wish Superfly could read this, I have been trying to drive that point home for a while now...  Wink


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Best Phone Of The Three For PDF Files posted Wed Jul 18 2007 21:24:24 by HAWK21M
Have You Heard The Longest Piece Of Music In World posted Mon May 28 2007 11:03:43 by RootsAir
End Of The Line For Ahmedinajad? posted Mon Apr 30 2007 12:14:09 by Connies4ever
For All Of You Freezing In The American Midwest posted Tue Feb 6 2007 00:20:01 by Falcon84
The End Of The Road For Little Chef posted Sat Dec 30 2006 09:10:05 by 9V
Time's Man Of The Year For 2006? posted Sun Dec 3 2006 17:50:23 by AerospaceFan
Top Of The Heap For This Week! posted Fri Nov 3 2006 08:39:07 by Skidmarks
For The Hetero/Bi/Lesbos Of Anet: Maria Sharapova! posted Thu Aug 3 2006 02:59:29 by KFLLCFII
For Fans Of Lost That Know The Ending.. posted Wed May 10 2006 11:40:32 by BHXDTW
TBS Ads For Lord Of The Rings--- Hilarious! posted Thu Apr 6 2006 08:23:25 by STLGph