Joe Rogan and The 99%
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boring.
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Originally Posted by Braineack
(Post 795987)
boring.
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Capitol Cronyism: Obama-Backer Warren Buffett Helped Shape Bailout Rules, Then Made Massive Profits from Them
In the wake of the $700 billion TARP bailout, Warren Buffett apparently shaped a plan to clean up toxic assets that Treasury Secretary Tim Geithner later adopted–resulting in massive profits for Buffett. ... How much Buffett profited is hard to calculate, since there’s no way to know what his purchase price was. But prior to the government adopting Buffett’s plan, Wells Fargo had been trading at roughly $20 a share. In the weeks after Geithner’s announcement, the stock jumped to $30 a share. Likewise, U.S. Bancorp went from $8 in February 2009 to more than $20 a share by May. U.S. Representative Spencer Bachus (R-AL) had access to highly sensitive financial information during the 2008 bailout debates that may have helped him earn tens of thousands of dollars by trading stock options, even as most Americans’ portfolios took a beating. Former Speaker of the House–and current Minority Leader–Nancy Pelosi apparently bought $1 million to $5 million of Visa stock in one of the most sought-after and profitable initial public offerings (IPO) in American history, thwarted serious credit card reform for two years, and then watched her investment skyrocket 203%. Then-Rep. Emanuel reportedly sold up to $250,000 in Freddie Mac stock on February 21, 2003 days before it dropped by 10 percent — and weeks before it was publicly revealed that the entity was under criminal investigation for inflating earnings. Sen. Feinstein Loaded up on Biotech Stock Just Before Company Received $24 Million Gov’t Grant on November 18, 2009, Sen. Feinstein and her husband invested $1 million into Amyris Biotechnologies, a “green” company focused on plant-based renewable fuels and chemicals. The Feinsteins’ million-dollar investment was their only stock transaction for the entire year. Feinstein, however, had good reason to feel that all her investment eggs were secure in the biotech basket, because just weeks after her seven-figure investment in Amyris, the company scored a $24 million grant from the Department of Energy (DOE) to build a pilot plant where altered yeast would turn sugar into hydrocarbons. President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company, BrightSource, through a loan guarantee issued by a former employee-turned Department of Energy official. all the above is legal. |
Criminals break the law.
But the ones who write the laws are worse than criminals. |
That's it. I'm going to write my own laws and start following those instead. I'll just give my cause a fancy name and some religious backed reason to justify it. If anyone dare try and fuck with me, I'll bring religion into it. Bingo, win.
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Originally Posted by Vashthestampede
(Post 796161)
That's it. I'm going to write my own laws and start following those instead. I'll just give my cause a fancy name and some religious backed reason to justify it. If anyone dare try and fuck with me, I'll bring religion into it. Bingo, win.
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(Sent from phone via capitalism)
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