Archiv: subsidies (bailouts)


06.12.2019 - 16:47 [ Haaretz ]

Damage to Israel’s Security Inflicted by Submarine Affair Will Linger for Decades

The agreement with ThyssenKrupp included provisions for what would happen if corruption were discovered on the German end; in that situation, the corporation would be able to cancel the existing deals. But it included no provisions on what would happen if corruption were discovered on the Israeli end.

06.12.2019 - 16:37 [ i24news.tv ]

Netanyahu lawyer to be charged with money-laundering: judiciary

Israel’s attorney general said Thursday he intends to charge the personal lawyer of Prime Minister Benjamin Netanyahu with money-laundering in the state’s purchase of submarines from German firm Thyssenkrupp.

The justice ministry said that charges were also expected against a businessman who represented the firm in Israel and against a former head of the Israeli navy.

10.08.2019 - 08:35 [ Daily Mail ]

No Deal Brexit bailout fund to stop some of Britain’s biggest employers going out of business if the UK crashes out the EU is being planned by Boris Johnson’s ‚war cabinet‘

– The Prime Minister has created a list of British employers considered at risk
– It comes after the country’s economy shrunk for first time in seven years
– Economy is the lowest it has been in a decade, prompting fears of recession

09.07.2019 - 19:55 [ Bernie Sanders, candidate for President / Twitter ]

Republicans have no problem giving over $1 trillion in tax breaks to the rich and massive corporations. But when it comes to canceling student debt or tuition-free college, we „can’t afford it.“ What hypocrisy!

16.06.2019 - 12:07 [ Times of India ]

Pakistan to present austerity-centred budget following IMF deal

(11.06.2019)

Analysts have warned the IMF deal would likely come with myriad restrictions that could bridle Khan’s grand promises to build an Islamic welfare state, as the country is forced to tighten its purse strings.

Pakistan’s increasing economic woes also come as the country is facing possible sanctions from the Financial Action Task Force — a money-laundering monitor based in Paris — for failing to rein-in terror financing.

13.06.2019 - 10:15 [ CNN Money ]

CNNMoney.com’s bailout tracker

Troubled ASSET RELIEF PROGRAM
Financial rescue plan aimed at restoring liquidity to the financial markets

Committed : $11 trillion (total)
Invested: $3 trillion (total)

13.06.2019 - 10:08 [ Bernie Sanders, candidate for President / Twitter ]

Trump loves socialism… for billionaires and massive corporations.

13.06.2019 - 09:56 [ Bernie Sanders, candidate for President / Twitter ]

I didn’t hear Jamie Dimon criticizing socialism when Wall Street begged for the largest federal bailout in American history—some $700 billion from the Treasury and even more from the Fed.

31.03.2019 - 15:08 [ Washington Post ]

Did Wall Street get a ‘trillion-dollar bailout’ during the financial crisis?

(18.3.2019)

Sanders, who is running for the Democratic presidential nomination, includes a version of this line in his stump speeches — as part of a slew of statements that he says demonstrates how the system is rigged in favor of the rich and powerful.

But his language is a bit slippery and exaggerated.

31.03.2019 - 15:01 [ Forbes ]

The Fed’s $16 Trillion Bailouts Under-Reported

(20.9.2011)

The audit of the Fed’s emergency lending programs was scarcely reported by mainstream media – albeit the results are undoubtedly newsworthy. It is the first audit of the Fed in United States history since its beginnings in 1913. The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis.

Sen. Bernie Sanders (I-VT) amended the Wall Street Reform law to audit the Fed, pushing the GAO to step in and take a look around.