Alana Goodman in today’s Washington Examiner reports that Joe Biden’s son Hunter was associated with a firm that received more than $130 million in financial bailout funds. The firm called Rosemont Capital then set up a fund that was incorporated in the Cayman Islands, presumably for the purpose of avoiding U.S. taxes. From the article: […]
TARP
Maxine Waters’ ‘Diversity Committee’ May Pressure Banks to Make Bad Loans
Rep. Maxine Waters, D-Calif., has a habit of redoubling her efforts when her ideas fail. That’s especially true given that she now chairs the House Financial Services Committee. One of her top priorities is bullying banks into boosting mortgage lending to marginally qualified borrowers based on race or ethnicity. And her main vehicle for that […]
Trump Should Make GM Repay Bailout Costs
In response to General Motors’ intention to close American assembly plants and effectively move manufacturing offshore, President Trump should seek repayment of costs associated with the auto bailout. The direct loss to taxpayers when the Treasury sold the last of its GM shares in 2013 was approximately $10 billion. There is precedent for requiring direct […]