My what beady eyes you have
And my what funny hair you have
And oh my what TINY little bitty HANDS you have
Hey wait a minute you are not my grandpa!!
And the beast goes on --
Steve Mnuchin, US Secretary of Treasury
As the New Republic reported in November 2016, "They [white working class] have venerated him [Trump] throughout the Republican primary for rejecting the dirty business of pay-to-play politics, and for populist vows to protect the ordinary worker. https://newrepublic.com/article/133368/donald-trumps-finance-chair-anti-populist-hell
So the Trump master nominates and the senate democrats help to confirm to send Mnuchin to head up Treasury. Mnuchin as CEO of One West created a deal where,
"The FDIC, as part of a standard deal they made on transactions for failed banks during the financial crisis, agreed to cover all losses above the first 20 percent on loan defaults. That limited the downside risk of foreclosures, and OneWest could easily recoup its other losses with various fees.
Protected by a federal backstop, OneWest turned $3 billion in profits from 2009 to 2014, off an initial investment of $1.65 billion. They spun $1.86 billion of that out to investors in dividend payments. Meanwhile, the FDIC wound up losing $13 billion on the IndyMac failure, and will pay an estimated $2.4 billion to OneWest for its foreclosure costs." https://newrepublic.com/article/133368/donald-trumps-finance-chair-anti-populist-hell
I cannot find anywhere that Ryan and McConnell complained about the US government financing this $13,000,000,000 give-away to the elite things. You know what I am talking about... that offset, the revenue neutral thing? No revenue for the common little folk but a $13bn, let me spell it out for you, $13,000,000,000 give-away to the big folk.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
1
1
