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Tag Archives: banks

Elizabeth Warren: When Going Got Tough, Obama Admin ‘Picked Wall Street’

Given that she supported renewing the Export-Import Bank of the United States, Boeing’s bank, one of the most egregious examples of crony capitalism there is, Ms. Warren also chose to support Wall Street. Additionally, her baby the Consumer Financial Financial Board is (illegally?) housed within the Federal Reserve (not subject to Congressional funding oversight) and has become a lobbyist mill already.

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‘Weak and uneven’: IMF cuts global growth forecast (Video)

The CNBC guys poo poo the report, which is to be expected. David Faber particularly and he is on occasion very good. But the world is feeling wobbly to say the least. Post-2008 wobbly which is pretty wobbly. That the stock market has done as well as it has in the US, even considering all the juice from the Fed is pretty crazy, but a continued run is looking less and less like a prudent bet.

But that’s not new.

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Ex-Im to finance $1B Mexican oil and gas deal (Ha ha suckers!)

There is absolutely no legitimate reason why this deal is being done through the Ex-Im Bank. None. It is simply a gift to the state Mexican oil company and the American contractors which will supply Pemex. That’s it. This deal could easily have been done through private banks. But hey, if you can get the US taxpayers to subsidize a credit line why not get them to do it?

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