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turbinetree

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Member since: Fri May 30, 2014, 03:30 PM
Number of posts: 10,433

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What Happens When the Next Financial Crisis Strikes?

As the 10-year anniversary of the last crash nears, pundits are predicting the next one. That’ll bring another problem: Who’s going to solve the crisis when our president has poisoned relations with the institutions that helped fix the last one?

by Allan Sloan Sept. 11, 6 a.m. EDT

This article was co-published with the Washington Post.

It came as a nasty surprise to almost everyone a decade ago when we found ourselves on the cusp of a worldwide financial collapse.

Most business journalists — including me — failed to see the 2008 disaster until it was almost upon us. But these days, predicting meltdowns has become positively trendy. With stocks at or near record levels, unemployment low and the economy booming, it’s become conventional journalistic wisdom to predict that evil days lie ahead. And not very far ahead. The recent New York Times editorial, “Inviting the Next Financial Crisis,” is just one example.

But I don’t think that today’s obvious problems will cause tomorrow’s crisis. Why? Because obvious problems usually don’t cause crises. You get a crisis when problems combine in unpredictable and unforeseen ways.

In 2008, complex financial instruments that almost no one understood — based on various pools of shaky loans — inflicted huge losses on giant companies like Bear Stearns, Lehman Brothers and American International Group almost overnight. Those institutions didn’t realize their portfolios were toxic until financial sepsis had already set in. Worse, a series of financial relationships among those players and others, intended to reduce risk, ended up accelerating it

However, there is one clear and present danger to the financial system that almost no one seems to be discussing in public. In fact, multiple experts whispered about it to me and said they discuss it behind closed doors but don’t breathe a word elsewhere for fear of becoming the target of a presidential tweetstorm. So I’ll do it, at the risk of being called a peddler of “fake news.” I think the biggest danger of financial problems exploding into a worldwide meltdown involves … Donald Trump.

https://www.propublica.org/article/what-happens-when-the-next-financial-crisis-strikes



Understanding Trump vs. Bruce Ohr: Think Russia's top crime boss, Semion Mogilevich

by Craig Unger
August 30, 2018

Amidst President Donald Trump’s ongoing threats to revoke security clearances from various critics, perhaps the most mysterious person on his enemy list is Bruce Ohr, the Justice Department lawyer who has repeatedly been a Trump target for reasons that have never been clearly articulated. Ohr has never criticized Trump as far as anyone is aware, and has worked at the Justice Department as an award-winning civil servant for nearly thirty years in Republican and Democratic administrations alike.

It has been noted that Ohr had ties to the notorious Christopher Steele dossier and that his wife worked for Fusion GPS, which hired Steele, a former British agent, to investigate Trump. But there is quite likely another reason which could trouble Trump even more: Ohr’s job in the Justice Department involved facing off against Russian crime boss Semion Mogilevich whose operatives have been using Trump branded properties to launder millions of dollars for more than three decades. If the FBI’s investigations turn toward Trump’s ties to Russian organized crime, which is entirely foreseeable, the president may be interested in trying to delegitimize those efforts as he has attempted with other aspects of special counsel Robert Mueller’s probe. What the public should also understand is how Mogilevich has served as an agent for Vladimir Putin’s efforts in the United States and abroad.

If one tracks Trump’s ties to Russia, the name Mogilevich pops up more than any single name, beginning in 1984 when alleged Mogilevich operative David Bogatin bought five condos in Trump Tower for $6 million in cash. Over the years, no fewer than 1,300 Trump-branded condos were sold in all cash purchases to anonymous shell companies—the two criteria that set off alarm bells among anti-money laundering authorities. In 2002, after Trump had gone belly up in Atlantic City, Bayrock, a real estate development company that allegedly had ties to Mogilevich, moved into Trump Tower and partnered with Trump—in the process bailing out the bankrupt real estate mogul and putting him in a position to eventually run for the presidency.

And Ohr is not the only Mogilevich specialist who has been the subject of Trump’s ire. Last September, former FBI lawyer Lisa Page was fired from her position on Mueller’s probe into the Trump-Russia scandal after anti-Trump text messages exchanged between her and Peter Strzok came to light. (Strzok, a member of Mueller’s team with whom Page was having a relationship, was also fired.) However, little attention was paid to what may well be the most interesting item on Page’s resume—her considerable experience prosecuting money laundering cases involving Russian organized crime, including working with the FBI’s task force in Budapest to prosecute a money-laundering case against Dmitry Firtash, the Ukrainian oligarch who partnered with both Paul Manafort and Semion Mogilevich.

https://www.justsecurity.org/60528/understanding-pres-trump-vs-bruce-ohr-russias-top-crime-boss-semion-mogilevich/


And guess what the traitor did today...........................

Quoting Dobbs, Trump Attacks Strzok, Page And Holder

By Matt Shuham
September 11, 2018 11:06 am

President Donald Trump quoted Fox News host Lou Dobbs on Tuesday to attack former Attorney General Eric Holder, fired FBI agent Peter Strzok and former FBI lawyer Lisa Page.


Trump referred to a new letter from Rep. Mark Meadows (R-NC), which quotes portions of two text messages — without context — from Strzok to Page. Strzok’s attorney told Fox News the phrase “refers to a Department-wide initiative to detect and stop leaks to the media.”

https://talkingpointsmemo.com/livewire/trump-strzok-holder-lou-dobbs-tweets

What a POS......................

Trump Lied About 9/11 Donations, Took $150K From Recovery Program

By Cameron Joseph
September 11, 2018 11:51 am

President Trump on Tuesday called on America to honor the fallen from 9/11 by fighting for freedom.

“We honor their sacrifice by pledging to never flinch in the face of evil and to do whatever it takes to keep America safe,” he intoned during a memorial ceremony at the crash site for Flight 93.

But in the immediate wake of the 9/11 attacks the president didn’t respond so selflessly, taking money from a program meant to help small businesses while lying about donating to help the attacks’ victims.

Trump, then a local business mogul with a major building just blocks from the World Trade Center, claimed he had made a $10,000 donation to the Twin Towers Fund, a charity set up by New York City to benefit the terrorists’ victims and their families.

But that wasn’t true, according to a review of documents conducted by New York City’s comptroller at the request of the New York Daily News in 2016.

https://talkingpointsmemo.com/dc/trump-lied-about-9-11-donations-took-150k-from-recovery-program


Fucking POS ...........................

Kansas Board Rejects Liberal Activist's Challenge To Kobach's Bid For Governor

By JOHN HANNA
September 11, 2018 7:17 am

TOPEKA, Kan. (AP) — An all-Republican state board on Monday rejected a liberal Kansas activist’s challenge to Secretary of State Kris Kobach’s listing as the GOP nominee for governor on the November ballot after he argued that hundreds of legal votes were not counted in the primary election.


The State Objections Board concluded that Davis Hammet, of Topeka, could not show that Kobach’s narrow victory over Gov. Jeff Colyer in the GOP primary could be overturned by the issues Hammet raised. It also rejected Hammet’s argument that Kobach’s chief deputy should not have been involved in reviewing the challenge.

Kobach defeated Colyer by 343 votes out of more than 317,000 cast. Colyer’s supporters initially raised some of the same questions Hammet did in his objection, but the governor conceded the race a week after the primary.

“It is not merely that an objection has been made for one of the appropriate grounds.

You also must present evidence that this election would be overturned,” said Assistant Secretary of State Eric Rucker, who presided over the board’s meeting.

https://talkingpointsmemo.com/news/kansas-board-rejects-liberal-activist-challenge-to-kobach-governor-bid


This does not surprise me at all.......................this ruling is what is wrong with Kansas...................men and woman have died to have there votes count........................

Collins Won't Be Swayed By 'Bribe' To Vote Against Kavanaugh

Source: Talking Points Memo

By Nicole Lafond
September 11, 2018 11:32 am

Sen. Susan Collins (R-ME) said her vote on Supreme Court nominee Brett Kavanaugh will not be influenced by activists who are raising $1.3 million to unseat her if she votes in favor of the Kavanaugh, who Democrats believe is hostile toward Roe v. Wade.


"I consider this quid pro quo fundraising to be equivalent of an attempt to bribe me to vote against Judge Kavanaugh," Collins told Newsmax on Monday.

Two progressive groups from her home state -- Maine People's Alliance and Mainers for Accountable Leadership -- have pledged to donate all the funds they raise toward whoever runs against Collins in 2020 if she helps confirm Kavanaugh.

While a Republican, Collins has been adamant that she would not vote for Kavanaugh if he was antagonistic toward the landmark abortion rights ruling, but has since said she believes Kavanaugh thinks it is "settled law."

Read more: https://talkingpointsmemo.com/livewire/collins-not-swayed-bribe



So Collins all of the money that you got from factions that are trying to hurt your fellow Maine constituents and the people of this country, what do you exactly call that gambit, not a bribe....................and exactly what do you do with that money................since you support Citizens United......................

You do realize that this is not a quid pro quo....................they are raising money to find someone to run against you, if you support a Serial Liar to the bench, you do realize this don't you...................Brett Kavanaugh is a Serial LIAR and he perjured himself and that he will do something on the right to privacy, that he likes to inject himself into, did you not hear the testimony and evidence about the young woman down in Texas................it's about the rule of law and principles....................... .

I am going to called five republican senators and asked them if they support the perjury

Law as the Law of the land and no one should abuse that LAW?

And if they say yes, then I will then state, why did you you just LIE to me, when your senator supports or is considering supporting a Supreme Court Nominee that has committed perjury.....................during his confirmation hearing......................

Flake, Collins, Murkowski, Corker, and Heller.............................


United States Capitol switchboard at (202) 224-3121.

Trump campaign members were 'fully aware' of efforts to set Putin meeting: Papadopoulos

By MATTHEW MOSK KAITLYN FOLMER Sep 9, 2018, 11:02 AM ET

George Papadopoulos, the one-time foreign policy adviser to Donald Trump who became swept up in the special counsel investigation, says members of the Trump campaign team were “fully aware” and in many cases supportive of his efforts to broker a summit with Russian President Vladimir Putin.

"I actively sought to leverage my contacts with the professor to host this meeting,” Papadopoulos told ABC News Chief Anchor George Stephanopoulos in an exclusive interview on "This Week" Sunday. "The campaign was fully aware what I was doing."

Papadopoulos’s comments were his first in public since being sentenced Friday to 14 days incarceration, one year of supervised release, 200 hours of community service and a $9,500 fine. He pleaded guilty in October to making false statements to FBI agents about his interactions with a Russian national and a Maltese professor believed to be an operative for the Russian government.

Stephanopoulos asked if Papadopoulos thinks that “when the entire Mueller investigation is finished that they will demonstrate that there was collusion between the Trump campaign, between Trump advisers and the Russians?”

Papadopoulos, who had four sessions with Mueller’s team, responded, “I have no idea. All I can say is that my testimony might have helped move something towards that, but I have no idea.”

He said that during the campaign he floated the idea of a summit between then-candidate Trump and Putin at a campaign security team meeting on March 31, 2016.

https://abcnews.go.com/Politics/george-papadopoulos-exclusive-interview-week/story?id=57694015

Quote:
"I actively sought to leverage my contacts with the professor to host this meeting,” Papadopoulos told ABC News Chief Anchor George Stephanopoulos in an exclusive interview on "This Week" Sunday. "The campaign was fully aware what I was doing."

Billionaires v teachers: the Koch brothers' plan to starve public education

A small group of women have succeeded in putting a state law promoted by Betsy DeVos and billionaire donors which they see as an attack on public education on the ballot in November

Are you a teacher? We want to hear from you
Steven Greenhouse in Phoenix

Fri 7 Sep 2018 06.00 EDT Last modified on Sat 8 Sep 2018 06.18 EDT

Arizona has become the hotbed for an experiment rightwing activists hope will redefine America’s schools – an experiment that has pitched the conservative billionaires the Koch brothers and Donald Trump’s controversial education secretary, Betsy DeVos, against teachers’ unions, teachers and parents. Neither side is giving up without a fight.

With groups funded by the Koch brothers and DeVos nudging things along, Arizona lawmakers enacted the nation’s broadest school vouchers law, state-funded vouchers that are supposed to give parents more school choice and can be spent on private or religiously affiliated schools. For opponents, the system is not about choice but about further weakening the public school system. A half-dozen women who had battled for months against the legislation were angry as hell.


Convinced that the law would drain money from Arizona’s underfunded public schools, these women complained that Arizona’s lawmakers had ignored the public will and instead heeded the wishes of billionaires seeking to build up private schools at the expense of public schools.

“We walked outside the Capitol Building, and we looked at each other, and said, ‘What now?” said one of the women, Dawn Penich-Thacker, a mother of two boys in public school and a former army public information officer. “We had been fighting this for four months. We realized that there’s something we can do about it. It’s called a citizens’ referendum. We said, ‘Let’s do it.’”

https://www.theguardian.com/us-news/2018/sep/07/arizona-fight-koch-brothers-school-vouchers

A Dutch Teenager Had a Dream to Clean Up the World's Oceans. 7 Years On, It's Coming True

Billy Perrigo
September 7, 2018


For someone who gets violently seasick, Boyan Slat spends a lot of time thinking about the ocean. The Dutch inventor has designed the world’s first ocean plastic cleanup system but admits he won’t be on the ship with it when it launches out of San Francisco on Saturday. “I am not a man of the sea,” he says.

After five and a half years of hard work, the 23-year-old Slat will watch from dry land as System 001 — a floating barrier nearly 2,000ft long — snakes its way out under the Golden Gate Bridge into the Pacific. Its destination is the Great Pacific Garbage Patch, a gyre of plastic waste twice the size of Texas held in position by ocean currents between California and Hawaii.

If all goes to plan, Slat says, an array of 60 systems could reduce the amount of plastic there by half by 2025. “I hope that this will be a turning point for the plastic pollution problem,” Slat tells TIME in a phone interview a few days before the launch, in between final preparations. “For sixty years it has only gotten worse and worse. Now hopefully we’re turning the tide.”

The eradication of the garbage patch, and more broadly the salvation of our oceans, has been Slat’s single-minded goal ever since he was 16 years old, when a diving trip to Greece yielded more plastic bag sightings than fish. Struck by the idea for a floating barrier that could collect plastic using the power of ocean currents alone, he founded his company, The Ocean Cleanup, aged just 18.


https://www.yahoo.com/news/dutch-teenager-had-dream-clean-154044582.html

This is why we just filed a criminal complaint against Brett Kavanaugh

Posted by Grant Stern on September 7, 2018 11:57 pm
Tags: perjury
Categories: News Public Complaint

Scott Dworkin explains why he and the Democratic Coalition filed a criminal complaint to the US Department of Justice against Judge Brett Kavanaugh with the legal counsel of Massachusetts lawyer J. Whitfield Larrabee. Scott and Jon Cooper, who is the Chairman of the Democratic Coalition, both joined the complaint individually. A parallel judicial ethics complaint will be filed with the Clerk of the DC Circuit Court for Chief Judge Merrick Garland to review on Monday morning. Transcript

https://dworkinreport.com/2018/09/07/this-is-why-we-just-filed-a-criminal-complaint-against-brett-kavanaugh/


Click on "transcript" to read
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