Andrewsaid:April 30, 2016 at 7:09 am==Important--NEW
I found some actual numbers concerning TARP and GSEs. This is absolutely crazy.
“Spending for three large programs related to the financial crisis declined by $242 billion, year over year, from $272 billion in FY 2009 to $30 billion in FY 2010: the TARP; assistance to Fannie Mae and Freddie Mac; and deposit insurance activities of the Federal Deposit Insurance Corporation and the National Credit Union Administration (NCUA).”
This means that FDIC and the National Credit Union Administration used the $30 billion, because we never got $1. The FHFA as “Federal Property Manager (FPM)”, under EESA, decided to force GSEs to run TARP on our books. Considering they had accounted for giving us the additional $242 billion to cover the projection in 2009 to run TARP it is extremely likely our entire “bailout” amount of around $148 billion, minus circular draws, was actually entirely us eating TARP funding for Govt program.
This is extremely important and I hate to bring up EESA again but this adds to that discussion and I just found it. According EESA the FHFA can only act under EESA when acting as Conservator. A Conservator would never refuse to draw on the $272 billion allocated to run TARP through GSEs, FDIC, and NCUA and opt to “borrow” money from Treasury through PSPA. This is extremely important and I hope the right people get this information. It is entirely new possible lawsuit that doesn’t challenge sweep or Conservatorship. It challenges FHFA acting as FPM under EESA illegally to force us to run Govt program on our books when money was actually available under TARP to pay us to do it.
If we won this suit, and we really could, any and all losses to GSEs for running TARP on our books would be returned and that is likely entire bailout plus everything they have taken beyond that. They could pay for it with the TARP money we were supposed to get, it still exists, Treasury has over $300 billion in TARP money just
By Tom LoBianco and Deirdre Walsh, CNN
Updated 12:57 PM ET, Thu April 28, 2016
Washington (CNN)Former House Speaker John Boehner called Republican presidential candidate Ted Cruz "Lucifer in the flesh," in a withering interview at Stanford University published Thursday.
In it, he repeated many of the same attacks he used last month while calling on his successor, Paul Ryan, to seek the Republican nomination.
Paul Ryan on 2016 bid: 'Count me out'
"Lucifer in the flesh," Boehner told Stanford's David Kennedy, a history professor emeritus, according to the Stanford Daily. "I have Democrat friends and Republican friends. I get along with almost everyone, but I have never worked with a more miserable son of a bitch in my life."
John Boehner's political career
23 photos: John Boehner's political career
Boehner also said he was "texting buddies" with GOP presidential front-runner Donald Trump and friends with former House colleague and fellow Ohioan, John Kasich.
The account in the student newspaper is accurate, a source close to Boehner confirmed Thursday.
Cruz tweeted a response Thursday morning: "Tell me again who will stand up to Washington? Trump, who's Boehner's "texting and golfing buddy," or Carly & me?"
He later told reporters Boehner "allowed his inner Trump to come out."
"The interesting thing is I've never worked with John Boehner, I don't know the man," Cruz said. "Indeed, during the government shut down, I reached out to John Boehner, to work with him to get something meaningful done. He said, 'I have no interest in talking to you.' "
Boehner and Cruz clashed over the government shutdown and Obamacare fights from the time Cruz took his Senate seat in 2013 to when Boehner stepped down last fall.
cnn delegate estimate
2472 total, 1237 to win
1237 delegates needed to win
1237 delegates needed to win
advance to the 2:00 hr point ---that where ACkman/Corker exchange takes place
That DipSH***T ...I hope CRACKER gets what's coming to him----
the market crash cost me A LOT OF $$$---now it's time for payback #$%$---it was the goverments fault to begin with---everybody seen "The BIG short"??
I agree---but how can it be done---Hank is noticeably shaken by the FnF success. He thought, a long time ago, that this whole thing would implode and his scheme to swindle the tax payer with TBTF toxic debt has back fired in his FACE
Interesting--speculation---might be a hedgie with inside infor---that a lot of dough--
could be a day trade by a hedgie
What is this--like the 3rd high ranking official to LEAP from the sinking BIG LIE ship?
Goldman Sachs probed on rigging of US treasuries
Mar 21 2016, 09:05 ET | About: Goldman Sachs Group Inc. (GS) | By: Mohit Manghnani, SA News Editor Contact this editor with comments or a news tip
Probe on rigging of $13 trillion US treasuries by Wall Street banks has been narrowed down to few firms including Goldman Sachs (NYSE:GS). They are one of the 22 firms being probed.Justice department has obtained chats and emails from Goldman that show the bank's involvement in price manipulation on treasury bonds. Those are being analyzed to find out if traders from other banks were involved.European authorities are investigating the bid rigging process as well.The possibilities of price-rigging in the secondary market is also being looked since debt is sold at a premium.CEO Lloyd Blankfein is a major player in submitting bids for actions. The investigators have not put definite charges yet and EC spokesman Ricardo Cardoso has declined to comment.