The Washington Examiner reported: An investment firm linked to Hunter Biden received over $130 million in federal bailout loans while his father Joe Biden was vice president and routed profits through a subsidiary in the Cayman Islands to hide the funds, according to federal banking and corporate records reviewed by the Washington Examiner. Financial experts said […]
Glenn Beck does more with a chalk board in 6 min 55 seconds than the media does with it’s billions of dollars, newspapers, TV shows in the last week. Glenn’s team did what every good investigative team should do… follow the money! The whole fraud in the Obama administration explained.
Aarthi Swaminathan The Wall Street Journal’s editorial board (WSJ) recently exposed that the Obama administration pulled off “the biggest accounting fraud in history” with student loans when eliminating the role of private lenders in the federal student lending market. Experts acknowledged the issue with the general policy in hindsight, though they disagreed on who exactly is […]
Authored by Michael Snyder via The Economic Collapse blog, So there is a lot of buzz that the Federal Reserve is about to cut interest rates – and it might actually happen. We’ll see. But if it does happen, it will directly contradict the carefully crafted narrative about the economy that the Federal Reserve has been […]
by Tyler Durden While the western world (and much of the eastern) has been preoccupied with predicting the consequences of Trump’s accelerating global trade/tech war and whether the Fed will launch QE before or after it sends rates back to zero, Beijing has quietly had its hands full with avoiding a bank run in the aftermath […]
The U.S. Postal Service (USPS) finished fiscal year 2018 nearly $4 billion in the red — a whopping 44 percent increase in losses from the previous year. This was despite a revenue increase of more than a billion dollars. Now the former alcoholic drink slinger Ocasio Cortez wants them to run like banks. Mike LaChance at American Lookout reported: […]
Authored by Simon Black via SovereignMan.com, Several years ago back in 2004-2006, if you had a pulse, you could borrow money from a bank to buy a house. In fact, bank lending standards were so loose back then that there were some infamous cases of people who DIDN’T have a pulse who were still able […]
After this “reclassification” of intent, the State will probably appeal to the California Supreme Court. By Katy Grimes Gov. Jerry Brown was recently ordered by the state’s 3rd Appellate District Court to repay more than $331 million in funds the state illegally diverted from a national fund intended to help homeowners struggling with foreclosures from […]
By Melody Hahm Nobel laureate and Yale economics professor Robert Shiller said the housing market is on a tear, and he sees no signs of a crash like the one that rocked the housing market a decade ago. “The market has been looking overheated ever since 2012 when we saw the upsurge that has been […]
by Tyler Durden In what has become a veritable cottage industry of predictions for when the 10Y yield will cause a market crash (just last Friday both Tom Lee and Jeff Gundlach chimed in with their latest forecasts), overnight Goldman’s economists published a detailed take on i) what has caused rates to jump by 70bps in 5 months, […]
