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Draining the swamp Trump style

Posted on: April 20, 2017 at 10:55:44 CT
Knucklehead MU
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Par for the course. Only an ignorant fool would think Trump is cleaning up government.

"In 2009, Carlyle purchased BankUnited, a Miami-based lender, with a consortium that included Wilbur Ross, the current commerce secretary. The FDIC gave the group a shared-loss agreement, reimbursing between 80-95 percent of the losses on $11.7 billion in distressed assets. So the government shouldered practically all the downside, while Carlyle and its partners enjoyed all the upside.

The BankUnited consortium took $1.6 billion in shared-loss payments from the FDIC within two years. And then it cashed out through an IPO, more than doubling the investment for the private equity partners — while the government lost $5.2 billion in the second most-costly bank failure in history. The BankUnited deal, similar to what Treasury Secretary Steve Mnuchin got when a hedge fund consortium he led bought IndyMac and renamed it OneWest, illustrated “private equity’s ability to make a fortune off a government guarantee,” wrote Bethany MacLean in 2011."


https://theintercept.com/2017/04/19/donald-trump-expected-to-pick-shadow-banker-for-key-position-at-the-fed/
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MESSAGE THREAD

Draining the swamp Trump style - Knucklehead MU - 4/20 10:55:44
     Uncle Fester still believes, sadly - JG MU - 4/20 11:03:14
          Reagan was most corrupt administration in my life time - Knucklehead MU - 4/20 11:23:54
               Obama Iran Deal. - Alferd Packer MU - 4/20 12:16:14
               You are full of s***(nm) - MizSecZou MU - 4/20 11:24:21
                    Iran-Contra. Checkmate, stupid. (nm) - tigerspy MU - 4/20 12:00:09
                         Who got rich off that?(nm) - Alferd Packer MU - 4/20 12:11:04
                         WMD's so suck a big one with Hbomb(nm) - MizSecZou MU - 4/20 12:03:39
                              Yep, never found those either. (nm) - tigerspy MU - 4/20 12:04:33
                                   oh no **** face you sure showed me - MizSecZou MU - 4/20 12:05:41
                                        Checkmated yet again, stupid. (nm) - tigerspy MU - 4/20 12:06:58
                                             no otis the town drunk you didnt(nm) - MizSecZou MU - 4/20 12:07:49
                                                  Checkmated yet again, stupid. (nm) - tigerspy MU - 4/20 12:08:18
                                                       you are stuttering again.. blame it on the cheap whisky(nm) - MizSecZou MU - 4/20 12:09:04
                                                            I only drink good bourbon. (nm) - tigerspy MU - 4/20 12:10:13
                                                                 that comes in plastic 1/2 pints(nm) - MizSecZou MU - 4/20 12:10:38
                                                                      You're the expert.(nm) - tigerspy MU - 4/20 12:13:13
                                                                           how many have you had today? - MizSecZou MU - 4/20 12:14:28
          Troll(nm) - Alferd Packer MU - 4/20 11:21:52
          They don't give a - mizzoumurfkc MU - 4/20 11:12:52
               spoken like the true hypocrite you are(nm) - MizSecZou MU - 4/20 11:23:49
               RED SCARE ALERT! - Evenflow MU - 4/20 11:19:47
          If he slashes government employees, regulations, - Evenflow MU - 4/20 11:06:01
               Hes slashing some only to add even more to others - JG MU - 4/20 11:08:45
               The slashing of government employees means more - Silas MU - 4/20 11:08:43
     You can keep your doctor - FootballRefugee MU - 4/20 11:00:14
          Two footballrefugees don't make a JG - JG MU - 4/20 11:48:36
          I didn't have any trouble keeping my doctor - Knucklehead MU - 4/20 11:26:34
               well good for you.. many didnt but thanks for sharing - MizSecZou MU - 4/20 11:36:42
                    Checkmated yet again, stupid. (nm) - tigerspy MU - 4/20 12:00:58
                         no useless fck you have to say something that makes - MizSecZou MU - 4/20 12:04:18
                              You're projecting again, stupid. (nm) - tigerspy MU - 4/20 12:04:59
                                   you are saying nothing again asshat(nm) - MizSecZou MU - 4/20 12:05:55
     What does this have to do with Interest Rate Policy? - Spanky KU - 4/20 10:59:51




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