89% of their donation intake goes directly to charitable endeaavors. The Foundation draws very little funding for administration, fundraising, advertising or travel. Compare the Clinton Foundation to other charitable organizations like Wounded Warriors or Disabled Veterans of America if you want to see how good they actually are in delivering direct benefits to those actually in need.
Right wing hatchet-jobs on the Clintons are a dime a dozen.
Before you lecture anyone else, you might think about how boring,verbose, tedious and pedantic your Epistles are to others. You turn a one-line nugget of truth into an encyclopedic diatribe steeped in sophistry and self-promotion. I rarely read more than your first sentence because the rest is self-serving psycho-babble.
According to FactCheck.org, 89% of funds raised by the Clinton Foundation go direct to the supported programs in which it participates. Carly Fiorina got herself in a lot of trouble when she made irresponsible statements about the Clinton Foundation. You must be one of those slack-jawed Neanderthals that listen to Rush Limbaugh who regularly tries to "invent" some story here that has never existed.
Why have hedge fund managers not been taken to the woodshed over insane gambits like CDO arbitrage and all the other "stuff" that became The Crisis?
The end point is painfully clear. It was recently reiterated by FHFA Director Melvin Watt. The conservatorship ends in January, 2018. The mission will have been fulfilled. The Twins will be broke and wound down. The only two things that can alter hat course are: a sweeping and one-sided ruling in court that restores Fannie by returning all profits paid to Treasury and cancels warrants and senior preferred dividends... or... Congressional action reforming the GSEs to be passed in both the House and Senate and signed into law by the next President.
There is no other pathway to exit. And there is little chance that either of these salvation scenarios will EVER gain traction.
The plaintiff lawsuits question actions taken in 2008 to place the GSEs under conservatorship, and later actions taken in 2012 to impose Amendment 3 on the GSEs to sweep their profits to Treasury.
Try to keep up.
The lawsuits are ALL unresolved and remain oending in 2016. Just like will probably be the case when insolvency is declared in JAN, 2018, when the GSE's money runs out.
Source: Dallas Federal Resrve Bank data.
Who could ever say the conservatorship of the GSEs was contrived?
There were 26 million people unemployed or under-employed.
There were millions of homes in foreclosure.
The government acted within its Constitutional duties to save the country's assets and financial systems from ruination.
Why would anyone sue them for saving our country and the assets of our broad citizenry?
That's not a TAKING, it's a SAVING.
Actually, the Congressional Commission that studies the crisis for some 2 years concluded that the primary cause was lax monetary policy administered by The Fed. Senator Elizabeth Warren drove this point home recently in her Banking Committee discusssion with the Fed's Leonard Chenin regarding the triggers for a systemic failure that led to an estimated $14 trillion loss for the U.S. economy.
The banks were surely a part of the problem with foreclosures, and the setllements in the year's since have confirmed the magnitude of their "contributions" to the bubble. But the lion's share of the guilt seems to better repose with the failures of The Fed. I should point out that the Fed is NOT a branch of the U.S. government, which raises the issue of whether a lot of these lawsuits pending against the government and FHFA and Treasury aren't filed against the wrong party.
Actually,what I saw is a lot of largely minority home owners and home renters revealing desperation over having been thrown out in the trash by the establishment. There were a lot of poor people made homeless and financially impaired or wiped out by the crisis whose property was taken from them due to macro-economic forces they didn't create or have the ability to control. Instead of a campaign to conserve homeowners and their life savings, we have a housing finance market that devolved into big Wall Street players trying to amass enormous wealth by TAKING everything away from the little guys. Conserve has changed in focus from conserving housing and homeowner assets, to conserving huge gains for hedge funds and bottom-feeder "investors" that bought distressed stock for pennies on the dollar and pay big name attorneys to conceal the pre-existing claims of compromised homeowners.
It appears that many homeowners have little faith in the GSEs mission or execution of affordable housing for everyone. A year's long effort has been underway from activists and politicos to demand change from Fannie Mae and Freddie Mac. Go to Bing and put in "Fannie Mae Protests" and view the encyclopedic array of social unrest launched against these "enterprises". Note that the protests span a period from before conservatorship to the influential period that led up to Amendment 3. Take 15 nminutes or so and view the archive on YouTube that chronicles mass marches against foreclosures, displacements and failure to save homes with refinancing alternatives.
Read the lengthy report dated March 1, 2016 about the citizens and civil servants in Est Orange, NJ that continue the battle to conserve their resident's homes from being TAKEN from them by investors who have the alleged help of the GSEs. The article is among the first links on Google under "Fannie May Protesters". The GSEs clearly have not been reformed, and they clearly need a major overhaul or just be replaced in a 100% fresh start.
"Don't come around here,no more." --- Tom Petty & the Heartbreakers
This will be the first election won based on social media adeptness. Both Cuz and Trump play that game better than the rest. The best people chose not to run, this time around. The Dems had the money specter of taking on HRC and her Wall Street trough. The Reps had the disinterest of Paul Ryan and the overall speaker debacle raising huge Q-marks about loyalty within the GOP.
And so we got what we got. I haven't decided whether to hold my nose and vote, anyway, or just sit this one out. Have to see how the twists and turns play out when actual candidates are chosen by early summer.
The Abe government remains very pro-nuclear and is recommissioning the newer nuclear plants under stricter operating guidelines. The older plants are facilities on smaller island prefectures and cannot measure up to new safety standards enacted by the Japanese government. These plants will be replaced be either coal or LNG fired generating plants. Of the 14 plants commissioned since the Fukashima tsunami disaster, 2 are coal fired and 12 are LNG fired.
Japan will NEVER build a coal fired plant in or near any major population center. The smog in Tokyo, alone, is a mind-boggling phenomenon that led Toyota to develop the Prius which is the #1 selling vehicle in Japan, despite its high price.
I know a bit about this market. Hai. So desu.
One further point on the debt observation you made. The cost of debt for this very expensive project was incurred at a moment in time where borrowing costs sat at unprecedentedly low levels. Cheniere has a huge edge vs. other late-to-the-game players who enter this market under less favorable financing conditions.
I think that if you go back and check the metrics in Cheniere's analyst day presentations when the Cameron Parrish export strategy was first advanced, you will find that today's low LNG prices are not very far afield from the levels prevalent at the point of decision to go forward with the project. The fact that prices rose and that today's pullback is bad for margins is irrefutable, as you know, but it does NOT invalidate the LNG export business platform which remains viable and profitable as envisioned in the beginning stages of investment.
I NEVER pumped this stock. I very strongly stated it was a high-risk/high-reward investment that was not for the faint of heart. and not for any investor but those with a very high risk tolerance.
I am sorry to have lost money, here, and I am sorry for any other investor that took a hit on Newlead. I knew the risks, and I decided to take them. So I blame nobody but myself for my losses which are well within my tolerance to sustain. I also wish the company no ill because of the huge obstacles put in their way by events that took down many others in the dry-shipping business s well.
High risk investing does not make an investor in one or two losers "a fool". Just like the same person cashing out huge gains in giga-winners like Amazon or Priceline some sort of investment guru. It's all part of the game.
Win some, lose some. And the part you will never understand... try and behave like a gentleman when the trolls bait you with poison and pump up their inferiority-complex-ridden ego's with grade school bullying-by-pixel that is only of any benefit to them in some bizarre, masturbational glory experience in a dark closet somewhere in Loserland isolation.
So a marriage certificate is forever, until it isn't?
Mr. Buzzer says you are full of shlt. Amendment 3 has no statement that implies any measure of perpetuity. It SOUNDS very condemning to say otherwise, but the facts sometimes get in the way of sophomoric, self-serving pontification.