Crony Capitalism & Obamanomics

About: lightsquared: did white house pressure general shelton to help donor? - the daily beast

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source: ... The Pentagon has worried for months that a project backed by a prominent Democratic donor might interfere with military GPS. Now Congress wants to know if the White House pressured a general to change his testimony
... My Question is what is the difference between favoring donor$$ & BRIBERY?
Mo' here.

Tags

  1. crony capitalism
  2. obamanomics
  3. venture socialism

Comments


Mark de LA says
~
Obama
imitating
Icarus


Mark de LA says
http://www.zerohedge.com/news/another-popular-name-emerges-solyndra-scandal -> Goldman, Sachs & Co. acted as exclusive financial advisor to Solyndra in connection with this loan guarantee application.


C says

http://townhall.com/columnists/michellemalkin/2011/09/14/obamas_big_green_boondoggles/print
... quick reading for boondoggle deniers.

C says

Energy Secretary Steven Chu acknowledged Thursday making the final decision to allow a struggling solar company to continue receiving taxpayer money after it had technically defaulted on a $535 million federal loan guaranteed by his agency.
http://www.washingtonpost.com/politics/chu-takes-responsibility-for-a-loan-deal-that-put-more-taxpayer-money-at-risk-in-solyndra/2011/09/29/gIQArdYQ8K_story.html?hpid=z1

Mark de LA says
~


Mark de LA says
From the most transparent government comes more on the Solyndra scandal:
WHouse fights to keep visitor logs secret...

Refuses to turn over ALL SOLYNDRA documents...


Mark de LA says
http://freebeacon.com/warren-buffetts-net-worth-jumps-154m-thanks-to-mortgage-settlement/
source: ...

Warren Buffett’s stake in Bank of America Corp. increased in value by $154 million after President Obama and the U.S. Justice Department announced a $25 billion foreclosure abuse settlement with the five largest U.S. banks Thursday, records show.

Buffett invested $5 billion in Bank of America (BofA) on Aug. 25, 2011. As part of his investment deal, Buffett gained warrants that allow him to buy 700 million shares of Bank of America stock at a strike price of $7.14 a share. However, on Dec. 19, 2011, it was reported that Buffett was $1.5 billion underwater on his stock warrants, with shares of BofA stock trading at $4.94. But on Thursday, after President Obama personally announced the details of the settlement, BofA stock closed at $8.13 a share. The stock opened Friday morning at $8.31 and reached as high as $8.35 a share.

... Instead of the Buffett rule it should be called Buffett's buffet.
PS.  any attempts to impeach the messenger will be unceremoneously chopped! Only comments which impeach the accuracy will be considered.  Political spin & nuancing will also end up on the chopping block.  


Mark de LA says
I think Buffett ought to be investigated for insider trading due to his close ties to the Obama administration!


Seth says

source: bloomberg.com
_________________________________________________________________

Well Buffitt made a wise investment that paid off.  At the time nobody else would step forward.  Apparently it was a good outcome for the bank ... and a excellent outcome for the taxpayers who didn't need to bail it out.  American capital working as it should. 

The stock had been on it's way up since November of last year, had already exceeded Buffits strike level in late October,  and when the court ruled against the bank in the lawsuit filed by several states (not the Obama administration), the stock rose again, as stocks usually do when law suits are settled.  At that time Buffitt could have exercised his warrents already several times.  Obama's "personal announcement" had absolutely nothing to do with the stock rise.  To suggest any collusion between him  and Buffett in this case is disingenuous and ludicrous.


Mark de LA says
What an astounding stroke of good luck on the Buffet line.

Seth says
M 2012-02-10 19:08:13 15499
What an astounding stroke of good luck on the Buffet line.

... not really ... that is what a stock trader does, buy low, and sell high.  In this case he was in a position to save the company. 

I actually remember hearing the story on CNBC when it happened last summer.   Me, i was hoping that Bank of America would go bust ... then wondered about the faith that Buffett had in the company and the American economy that he would throw his money away on a failing company.  

................................


... so very strange now how hack sites like the so called beacon cast dispersions at him, begrudging his profit, in some misdirected attempt to defame a president.

Hey, i got an idea that explains it.  What if the beacon was another onion





Mark de LA says
So funny how you silly 99%er - half baked - Robing Hoodies decry billionaires who make money on money - especially ones doing it on the backs of mortgages & foreclosures & because they are Obama's buddies they are heroes.  You have lost all credibility no matter what shit you post.


Mark de LA says
MR 2012-02-25 14:12:09 15499

source: ...
A123 Systems, an electric car battery company once touted as a stimulus "success story" by former Gov. Jennifer Granhom, D-Mich., has laid off 125 employees since receiving $390 million in government subsidies -- but is still handing out big pay raises to company executives.
... I carried it a bit further to OpenSecrets.org & found that the president of A123, David Vieau, contributed to Mary Landreau, and is the top contributor th Ed. J. Markey & the Democrat Campaign of Boston - see this.
A123 Systems looks like this in the lobbying biz: almost a half million in '08.


Mark de LA says
... & it keeps on coming: http://www.humanevents.com/article.php?id=50163
this time though the bill failed
source: ... The Senate Tuesday killed legislation to spend billions of taxpayer dollars to encourage companies to use natural-gas powered vehicles. The legislation also would have benefited wealthy backers of the Democratic measure, including George Soros, T. Boone Pickens, and Kevin G. Douglas.

The amendment to the highway bill required 60 votes to pass but was defeated 51 yeas to 47 nays.

...


Mark de LA says
First solar gets subsidy to export solar panels to a wholly owned subsidy of itself guaranteed by the taxpayers: http://campaign2012.washingtonexaminer.com/article/firm-sells-solar-panels-itself-taxpayers-pay/434251


Mark de LA says
... & yet another solar company goes bankrupt even with $5 gas in some parts of the U$
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/solar-company-bankrupt-despite-win-win-doe-loan/459621


Mark de LA says
MR 2012-04-03 08:15:42 15499
... & yet another solar company goes bankrupt even with $5 gas in some parts of the U$


The guys who are responsible for the company on their website:
http://solartrustofamerica.com/about-us/management-team/index.html

Mark de LA says
Are these guys just nested in eachother on the Solar Trust website I found Blythe Solar Power who is also bankrupt.
http://reason.com/blog/2012/04/03/another-attempt-at-solar-power-central-p


Mark de LA says
MR 2012-04-03 08:19:08 15499
MR 2012-04-03 08:15:42 15499
... & yet another solar company goes bankrupt even with $5 gas in some parts of the U$


The guys who are responsible for the company on their website:
And Congress got lobied by them for $250,000 and the previous year as well. http://www.opensecrets.org/lobby/clientsum.php?id=D000056858&year=2011

Mark de LA says
It seems as there is a crony in every cranny of the Obamanation:
http://freebeacon.com/dreamworks-nightmare/ 
source: ...

The Hollywood studio run by one of President Obama’s biggest donors is under investigation by the Securities Exchange Commission for bribing Chinese officials to secure exclusive film rights in the communist country—rights secured in secretive negotiations that included Vice President Joe Biden.

The SEC is investigating at least five Hollywood studios—including 20th Century Fox, Disney, and DreamWorks Animation—for allegedly making illegal payments to Chinese officials, Reuters reported Tuesday.

DreamWorks Animation CEO Jeffrey Katzenberg is the largest donor to the Obama reelection super PAC Priorities USA.

...


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