Showing posts with label Philly. Show all posts
Showing posts with label Philly. Show all posts

Tuesday, July 17, 2018

Putin at summit presser: Bring your investigation to Russia and we'll bring ours to America . . .

. . . to investigate the misdeeds of Bill Browder, Jewish grandson of Earl Browder, CPUSA leader from 1930-1945.

Bill Browder renounced his US citizenship in 1998 to avoid taxes and is a British national and major Putin opponent and target.

The Swamp is in complete sympathy with Bill Browder on the subject of Russia. Don't expect the financial transactions of his associates in support of Hillary Clinton to come to light readily.

All we've got so far is this:

But federal records show that Browder's New York financial partners, Ziff Brothers Investments, donated only $1.75 million in the 2016 campaign, spreading it among candidates for many offices in both parties and favoring Republicans in congressional races. The watchdog site opensecrets.org shows it giving only $17,700 for Clinton's election.

From the transcript of the summit presser, here:

Putin:

We have an existing agreement between the United States of America and the Russian Federation, an existing treaty that dates back to 1999. The mutual assistance on criminal cases. This treaty is in full effect. It works quite efficiently. On average, we initiate about 100, 150 criminal cases upon request from foreign states.

For instance, the last year, there was one extradition case upon the request sent by the United States. This treaty has specific legal procedures we can offer. The appropriate commission headed by Special Attorney Mueller, he can use this treaty as a solid foundation and send a formal, official request to us so that we could interrogate, hold questioning of these individuals who he believes are privy to some crimes. Our enforcement are perfectly able to do this questioning and send the appropriate materials to the United States. Moreover, we can meet you halfway. We can make another step. We can actually permit representatives of the United States, including the members of this very commission headed by Mr. Mueller, we can let them into the country. They can be present at questioning. ...

Then we would expect that the Americans would reciprocate. They would question officials, including the officers of law enforcement and intelligence services of the United States whom we believe have something to do with illegal actions on the territory of Russia. And we have to request the presence of our law enforcement.

For instance, we can bring up Mr. Browder in this particular case. Business associates of Mr. Browder have earned over $1.5 billion in Russia. They never paid any taxes. Neither in Russia nor in the United States. Yet, the money escapes the country. They were transferred to the United States. They sent huge amount of money, $400 million as a contribution to the campaign of Hillary Clinton. Well, that’s their personal case. It might have been legal, the contribution itself. But the way the money was earned was illegal. We have solid reason to believe that some intelligence officers, guided these transactions. So we have an interest of questioning them. That could be a first step. We can extend also it. Options abound. They all can be found in an appropriate legal framework.

Tuesday, December 13, 2016

After two decades in the US House Philly's Chaka Fattah to follow it up with one in the Big House

And with his co-conspirators pay over $600,000 in restitution to agencies they defrauded.

Story here.

Thursday, December 1, 2016

Duncan Lloyd, Assistant city solicitor in Philly, caught on camera with accomplice vandalizing new grocery with "F*ck Trump"

The guy's still on the payroll at $63,207 per year.

No word on how many other incidents he's responsible for.

From the story here:

Since Election Day, pro- and anti-Trump graffiti have been reported throughout the city. In early November, spray-painted swastikas, racist graffiti, and references to President-elect Donald Trump and Nazi Germany appeared in South Philadelphia. Anti-Trump graffiti have been reported on bus shelters and on the exterior wall of City Hall, where "Not My President" was spray-painted and removed Nov. 12.

Saturday, October 24, 2009

"The Banks Must Be Restrained"

Total bank failures year to date reached 106 yesterday, bringing the total cost to the FDIC Deposit Insurance Fund this year to about $25 billion, with only about $100 billion to go, according to the FDIC's own projections.

The FDIC likes to take over banks on Friday afternoons, believing you won't notice it as readily with the weekend intervening before the next regular day of business. They wouldn't want you to panic, you know. So people who watch this stuff carefully like to call the last day of the work week "Bank Failure Friday." Yesterday, I noticed that the 106th bank to fail this year was in Itasca, Illinois, near where I used to live, and it reminded me of these words posted by Mish (who lives in Illinois) in July of 2008:

23. FDIC Chairman Sheila Bair said the FDIC is looking for ways to shore up its depleted deposit fund, including charging higher premiums on riskier brokered deposits.

24. There is roughly $6.84 Trillion in bank deposits. $2.60 Trillion of that is uninsured. There is only $53 billion in FDIC insurance to cover $6.84 Trillion in bank deposits. Indymac will eat up roughly $8 billion of that.

25. Of the $6.84 Trillion in bank deposits, the total cash on hand at banks is a mere $273.7 Billion. Where is the rest of the loot? The answer is in off balance sheet SIVs, imploding commercial real estate deals, Alt-A liar loans, Fannie Mae and Freddie Mac bonds, toggle bonds where debt is amazingly paid back with more debt, and all sorts of other silly (and arguably fraudulent) financial wizardry schemes that have bank and brokerage firms leveraged at 30-1 or more. Those loans cannot be paid back.

What cannot be paid back will be defaulted on. If you did not know it before, you do now. The entire US banking system is insolvent.

Since those words were penned, the FDIC is planning to charge premiums several years forward to banks to the tune of $45 billion, its deposit fund is down to about $10 billion, and its troubled bank list has ballooned to over 400 banks, with nearly 300 in serious trouble. The FDIC expects to need at least another $100 billion for bailouts through 2013. Let's see, $10 billion on hand plus $45 billion charged forward = $55 billion. Only $45 billion short! Hmm. And you think we can afford to federalize health care?!

When you go down to the bank to ask for a loan to buy a house, you typically get leverage of only 5 to 1 (20% down), because nobody's got your back but you. So why does the bank get leverage to the tune of 25 to 1 (4% down)? Because of the taxpayer guarantee, that's why. And "rules" which let them, written by politicians on the take. It's high time we ended all that or this country will surely go bankrupt. Consider Citigroup.

It alone has $800 billion in "assets" off the books, and looks to be in serious trouble: suddenly this week it ended its gasoline credit card program and dramatically hiked interest rates on its other cards. Forget about the FDIC covering Citigroup with forward charged premiums to its member banks if it goes under. There isn't enough money there. The taxpayer will be on the hook. Again. Are you mad as hell yet? Are you going to take it anymore? Vote the bums out.

No wonder Jesse keeps saying, "The banks must be restrained . . . before there can be any sustained recovery."