Bill Clinton Advised Trump to Ignore the Impeachment

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Deuteronomy

Well-known member
Jun 11, 2018
2,168
2,323
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#1
Bill Clinton advises Trump to ignore impeachment:
'You got hired to do a job'
November 14, 2019 - 02:58 PM EST

Former President Clinton (D) on Thursday advised President Trump to leave fighting impeachment to his staff and focus on his agenda.

"My message would be, look, you got hired to do a job," Clinton said during a phone interview with CNN. "You don't get the days back you blow off. Every day is an opportunity to make something good happen.

"And I would say, 'I've got lawyers and staff people handling this impeachment inquiry, and they should just have at it,'" he continued. "Meanwhile, I'm going to work for the American people. That's what I would do."

Clinton is in a rare position to offer insight on how Trump might handle the prospect of impeachment, given the GOP-controlled House impeached the former Democratic president in 1998.


To continue the article/see the video, click here: https://thehill.com/homenews/admini...to-ignore-impeachment-you-got-hired-to-do?amp

~Deut
 

Roughsoul1991

Senior Member
Sep 17, 2016
6,101
2,906
113
#2
The Democratic party needs to go ahead and vote. After the last failed coup of a impeachment investigation call the Russia collusion they are not persuading no one except the people who have always hated Trump.

Just vote already so that the Republicans can finally be included in their secret locked basement meetings and so Republicans can call in witness and subpoenas. Including the actual so called whistleblower if you want to call him that. But in reality what has been said was that the whistleblower wasn't even in the room.

And the whistleblowers attorney has just been uncovered on tweeting about a coup of the President. Adam Schiff cannot keep his facts straight.

And his statement about the phone call isn't even accurate due to the fact the white house realeased the phone call transcript.

Just vote so it can be stopped on the Republican side of Congress and let's move on.

But I know they hope the longer they sit on it they hope it will help the future election due to the fact they have no strong candidates.
 

Deuteronomy

Well-known member
Jun 11, 2018
2,168
2,323
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#3
Greetings again everyone, I want to make it clear that the article I posted above isn't satire from the Babylon Bee :), it's actual news, something that happened today, as reported, in this case, by The Hill.

~Deut
 

Adstar

Senior Member
Jul 24, 2016
6,457
2,930
113
#4
Clinton is in a rare position to offer insight on how Trump might handle the prospect of impeachment, given the GOP-controlled House impeached the former Democratic president in 1998.
As far as i know ( and if i am wrong someone can correct me ) but i do not believe Clinton was ever impeached..

As far as i know only Nixon was impeached?
Or maybe He resigned because he knew he was going to be impeached?
 

Ghoti2

Well-known member
Nov 8, 2019
469
281
63
#5
The Dems are in sad shape. They are actually willing to attempt to elect a deluded old has-been who would be a disaster as even a dogcatcher — just in the hopes of unseating a President who has finally lifted the USA higher than anyone in decades. And that is not even considering the near-traitorous shenanigans he helped his son, Hunter, play.
 

PennEd

Senior Member
Apr 22, 2013
9,326
5,697
113
#6
As far as i know ( and if i am wrong someone can correct me ) but i do not believe Clinton was ever impeached..

As far as i know only Nixon was impeached?
Or maybe He resigned because he knew he was going to be impeached?
Clinton was impeached by the House of Representatives, but exonerated in the Senate, so he was NOT removed from office.

The Democrats are using this process for PURELY political reasons. NO ONE thinks an impeachable offense occurred.
 
7

7seasrekeyed

Guest
#7
heard it on the news too

wonder if Clinton is having flashbacks? :eek:

the way his party is now, they would never support him
 

notuptome

Senior Member
May 17, 2013
15,016
2,505
113
#8
Seriously? Advice from Clinton? What could possibly go wrong?

For the cause of Christ
Roger
 

Deuteronomy

Well-known member
Jun 11, 2018
2,168
2,323
113
64
#9
As far as i know ( and if i am wrong someone can correct me ) but i do not believe Clinton was ever impeached. As far as i know only Nixon was impeached?
Or maybe He resigned because he knew he was going to be impeached?
Nixon left office before being impeached.

Bill Clinton and Andrew Johnson (1868) were both impeached by the House (in fact, I remember watching the first articles of the Clinton impeachment being voted on, on 12/11/98, as I waited for my son to be born), but they were never removed from office (because they were both acquitted by the Senate).

~Deut
 

Whispered

Well-known member
Aug 17, 2019
4,553
2,221
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www.christiancourier.com
#10
That's true, both were acquitted by the Senate.
There are no grounds for Impeachment of this current president.
They couldn't hang him on the false Russia narrative that the Democrats came up with. Even though there is plenty of evidence to support hanging certain Democrats in collusion with Russia.
Now they're going after the Ukraine fiction, when there again is plenty of evidence against certain Democrats of Ukraine collusion. Including former Vice President Joe Biden and his son, Hunter.
President Donald Trump has every right to inquire of these acts committed under the Obama administration and especially when JB is hoping to gain the highest seat in politics, after sullying the second in command with his illegal acts in just the Ukraine.
Pelosi is in an uproar, now her new rhetoric line is, bribery, so as to attack Trump on that word alone.

Meanwhile, no surprise really, Pelosi's son Paul was also involved with the Ukraine. But again, Democrat smoke and mirror magic and deflection of their sins onto Trump, is ongoing.
Remember this? July 17th 2014 (during Obama administration)
Company Cofounded by Paul Pelosi Jr. Charged with Securities Fraud SEC: Environmental investment company Natural Blue Resources run by criminals
 

posthuman

Senior Member
Jul 31, 2013
30,521
9,992
113
#11
Now they're going after the Ukraine fiction, when there again is plenty of evidence against certain Democrats of Ukraine collusion. Including former Vice President Joe Biden and his son, Hunter.
every news i've seen everywhere says there is zero evidence that the Bidens were involved in any wrongdoing - could you please link your source for the 'plenty of evidence' you mentioned?

thanks; that would be very interesting :)
 

posthuman

Senior Member
Jul 31, 2013
30,521
9,992
113
#12
in other news, about parroting propaganda,

this article today in the NYT is interesting, tho i think we all already guessed:

https://www.nytimes.com/2019/11/22/us/politics/ukraine-russia-interference.html?smid=nytcore-ios-share

y'all know the whole Ukraine / DNC server story that the president and the GOP have been broadcasting as justification for the actions he took which spurred his impeachment?
it's Russian fake news. the white house & the GOP are spreading a story fabricated by Russian intelligence to blame someone else for their meddling in our last election. essentially, whether wittingly or unwittingly, the GOP and president Trump are acting as Russian operatives or 'mules' to influence public opinion about them and their interference in our politics - a campaign of fake news that Russia has been trying to circulate for years.
this, according to the US intelligence agency ((full story in link)). the president surely has been informed of this, and GOP leadership has also been briefed on it. so it's interesting that they keep repeating it, even in the middle of the president's impeachment while all these topics are in the spotlight - they either don't believe our own intelligence work or the truth isn't as important to them as party-power politics.

 

PennEd

Senior Member
Apr 22, 2013
9,326
5,697
113
#13
every news i've seen everywhere says there is zero evidence that the Bidens were involved in any wrongdoing - could you please link your source for the 'plenty of evidence' you mentioned?

thanks; that would be very interesting :)
BREAKING: Former Ukrainian MP Alleges Biden Family Received $12M Kickback From Transaction With Burisma Owner To Kill London Criminal Cases, Provides Details To DOJ
by L Todd WoodNovember 22, 2019117087
SHARE0

Term sheet from sale of Ukrainian Port of Kherson in 2013
This story is developing…

UPDATE: In further clarification of information provided, CD Media can now report that the $32M referenced below was sent to London, where it was seized by British officials and criminal charges were levied against Zlochevsky. Vice President Biden actively sought to have the charges thrown out in the United Kingdom for Zlochevsky in exchange for the $12M being diverted to Hunter Biden, according to Onyshchenko.
Hunter Biden was then brought onto the board of directors at Zlochevsky’s company Burisma and received further payments of $3.1M over a period of months.
—————————————————
KYIV — Former Ukrainian MP Oleksandr Onyshchenko has provided CD Media with information on a transaction in 2013 where Biden family-related companies allegedly received a $12 million illegal kickback while Joe Biden was Vice President of the United States. Onyshchenko alleges the payment was made to gain Biden’s influence in affairs of the group of companies called Burisma owned by Ukrainian oligarch Mykola Zlochevsky, who sold a port facility in Ukraine and shifted partial proceeds of the sale to Hunter Biden. CD Media has already reported on ‘off the books’ payments to Hunter Biden by Burisma.
Onyshchenko alleges that during the sale of the port of Kherson on the Dnepr River in Ukraine in 2013 for approximately $32M, Biden received $12M of that amount illegally.
Former Ukrainian MP with former PM Yulia Tymoshenko
Onyshchenko declared to CD Media that he is providing this information on the money flows to Biden to the U.S. Department of Justice. The overall details of the sale are shown in the document above.
You can read CD Media’s lengthy investigations on Ukrainian corruption here.
 

PennEd

Senior Member
Apr 22, 2013
9,326
5,697
113
#14
every news i've seen everywhere says there is zero evidence that the Bidens were involved in any wrongdoing - could you please link your source for the 'plenty of evidence' you mentioned?

thanks; that would be very interesting :)
WORLD
20 NOV, 07:28
Joe Biden’s son and his partners received $16.5 million from Burisma — Ukrainian MP
According to the politician, Hunter Biden was paid by laundered money for his services for Ukraine's Burisma Holdings energy company


Hunter Biden
© AP Photo/Pablo Martinez Monsivais, File
KIEV, November 20. /TASS/. The Ukrainian Office of the Prosecutor General has drawn up an indictment against the owner of the Burisma Holdings energy company, ex-Ecology Minister Nikolai Zlochevsky, that contains information that the son of former US Vice President Joe Biden, Hunter, as a Burisma board member along with his partners received $16.5 million for their services, Ukrainian Verkhovna Rada MP from the ruling Servant of the People party Alexander Dubinsky told a press conference on Wednesday, citing the investigation’s materials. According to him, the money came from duplicitous criminal activity.
READ ALSO
6 MORE MATERIALS
"Zlochevsky was charged with this new accusation by the Office of the Prosecutor General but the press ignored it," the MP said. "It was issued on November 14."
According to the politician, "the son of Vice-President Joe Biden was receiving payment for his services, with money raised through criminal means and money laundering." He also clarified that "Biden received money that did not come from the company’s successful operation but rather from money stolen from citizens."
Dubinsky stressed that the information on Hunter Biden’s income under his contract with Burisma is a "link that reveals how money is siphoned [from Ukraine]."

The MP explained that this information makes up a part of a large-scale scheme of Zlochevsky’s money laundering that involved politicians from the time of ex-President Viktor Yanukovich who continued this scheme under another (now former) President Pyotr Poroshenko, with the backing of former Governor of the National Bank of Ukraine Valeria Gontareva.
"We will reveal the information about the financial pyramid scheme that was created in Ukraine and developed by everyone beginning with Yanukovich and later by Poroshenko. This system is still working under the guidance of the current managerial board of the National Bank, ensuring that money flows in the interest of people who stole millions of dollars, took it offshore and bought Ukrainian public bonds turning them into the Ukrainian sovereign debt," Dubinksy claimed. He then added that "in both cases of Yanukovich and Poroshenko, Ms. Gontareva and companies she controls were investing the stolen funds."
Another Verkhovna Rada MP, Andrei Derkach, claimed that the US Franklin Templeton Investments management company was also involved in the scheme. "The investigation suggests that the Yanukovichs illegally obtained $7.4 billion and laundered it through an investment fund close to the US Democratic Party as government domestic loan bonds," he pointed out.
Dubisky stressed that through the implementation of this scheme Ukraine has money siphoned from it with high interest rates — "40% of the state budget is spent on the debt service." "This amount — 440 billion hryvnia [around $18.18 billion — TASS] in the end of 2020 — is the last step towards a default and then Ukraine will go bankrupt either by the end of 2020 or the beginning of 2021," he concluded.
Biden scandal
Washington was recently rocked by a political scandal surrounding Hunter Biden’s history of working in the Ukrainian company. According to US media outlets, members of the current Trump administration were attempting to dig up dirt on Biden in Ukraine and, therefore, harm Joe Biden’s chances to be nominated as a potential Democrat contender for the 2020 presidential campaign. US Democrats accused Trump of soliciting assistance from Ukrainian President Vladimir Zelensky, urging him to reopen investigations into the Burisma company, and launched an impeachment inquiry against the White House occupant. These developments prompted the White House to publicize the contents of Trump’s talks with Zelensky. It turned out that the US leader did not put forward direct demands, however, the issue itself was mentioned and discussed.
Earlier, former Ukrainian Prosecutor General Yuri Lutsenko announced that Hunter Biden received around $1 million from Burisma.
 

PennEd

Senior Member
Apr 22, 2013
9,326
5,697
113
#15
every news i've seen everywhere says there is zero evidence that the Bidens were involved in any wrongdoing - could you please link your source for the 'plenty of evidence' you mentioned?

thanks; that would be very interesting :)
Hunter Biden-linked company received $130M in special federal loans while Joe Biden was vice president
by Alana Goodman
| November 21, 2019 12:00


An investment firm linked to Hunter Biden received over $130 million in federal bailout loans while his father Joe Biden was vice president and routed profits through a subsidiary in the Cayman Islands, according to federal banking and corporate records reviewed by the Washington Examiner.

Financial experts said the offshore corporate structure could have been used to shield earnings from U.S. taxes.
Rosemont Capital, an investment firm at the center of Hunter Biden’s much-scrutinized financial network, was one of the companies approved to participate in the 2009 federal loan program known as the Term Asset-Backed Securities Loan Facility, or TALF.
Under the program, the U.S. Treasury Department and the Federal Reserve Bank issued billions of dollars in highly favorable loans to select investors who agreed to buy bonds that banks were struggling to offload, including bundled college and auto loans.
According to federal records, 177 firms participated in TALF, many of them well connected in Washington or on Wall Street. For investors, there was little risk and a high chance of reward. The Federal Reserve funded as much as 90% of the investments. If the bonds were profitable, the borrowers benefited. If not, the department agreed to take over the depreciated assets with no repercussions for the borrowers.



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“It's very complicated to become qualified as a TALF borrower or as a TALF fund, if you will,” Carol Pepper, a wealth management specialist, told Forbes in 2009. “But that's an example of where, if you can get into a TALF fund, you can benefit from this government program.”
Under the terms for the program, any U.S. company looking to invest in select categories of bonds was eligible to apply for the loans. However, the Treasury Department and Federal Reserve maintained the “right to reject a borrower for any reason,” and the internal selection process was criticized by some lawmakers as opaque and open to corruption.

“How can my constituents in Vermont get some of that money? Who makes the decisions? Do you guys sit around in a room — do you make it? Are there conflicts of interest?” Sen. Bernie Sanders asked Federal Reserve Bank Chairman Ben Bernanke at a March 3, 2009, Senate hearing. “Do you have to be a large, greedy, reckless financial institution to apply for these monies?”
Joe Biden was a key advocate for the financial bailout, which was approved under the Bush administration and expanded under President Barack Obama. He delayed his Senate resignation in January 2009 to cast his final vote to increase funding for the Troubled Asset Relief Program before taking office as vice president.
“These guys are not the most likable guys in the world,” Biden said about the banks and hedge funds aided by the government intervention. "But here are the facts ... Had we not bailed out the largest bank institutions in the world, there would have been a flat-out depression.”
One of the firms that benefited was Rosemont Capital, a company led by Hunter Biden’s business partners, Chris Heinz and Devon Archer. The firm received the loans at a crucial time for Hunter Biden. The younger Biden had stepped down from his lobbying business in late 2008, reportedly due to pressure on his father’s vice presidential campaign.
Biden, Heinz, and Archer incorporated Rosemont Seneca Partners in Delaware on June 25, 2009. The “alternative investment and market advisory firm” was an offshoot of Rosemont Capital, which held a 50% stake in the new venture. Rosemont Seneca and Rosemont Capital shared the same office address in lower Manhattan and the same New York phone number, according to Securities and Exchange Commission documents. Three weeks after Rosemont Seneca was incorporated, a subsidiary of Rosemont Capital, called Rosemont TALF SPV, received $23.5 million in federal loans through the TALF program. This included $13.4 million to invest in student loans and $11.1 million to invest in subprime auto loans. Over five months, the company received a total of $130 million from the program in multiple installments for investments in subprime credit cards and residential mortgages.
“This is a great example of the suspicion of many Americans that these bailouts were used to benefit connected insiders while ordinary Americans went broke,” said Tom Anderson, director of the Government Integrity Project at the National Legal and Policy Center, an organization that was critical of TALF at the time.
Although the government stopped issuing the loans at the end of 2009, the names of the well connected borrowers and investors were later released — prompting new criticism from lawmakers and the press. In April 2011, Rolling Stone reported that millions in TALF loans had been issued to the wife of Morgan Stanley Chairman John Mack, Miami Dolphins owner H. Wayne Huizenga, and Wall Street titan John Paulson, dubbing the program “welfare for the rich.”
“Our jaws are literally dropping as we're reading this,” Warren Gunnels, an aide to Sanders, told Rolling Stone. “Every one of these transactions is outrageous.”
Sanders also raised concerns that borrowers were using the program to evade taxes. His office staff compiled a list of over 100 TALF investors based in the Cayman Islands and other known tax havens.
“It has been estimated that each year corporations and wealthy individuals avoid approximately $100 billion in U.S. taxes through the use of abusive and illegal tax shelters,” wrote Sanders in a letter to Bernanke. “Why would the Fed lend to material investors located in the Cayman Islands?”
Federal Reserve records show Rosemont Capital was one of the companies that set up an offshore limited partnership, called “Rosemont TALF Investment Fund LP,” to participate in the TALF program. The fund was incorporated in the Cayman Islands on May 14, 2009, and dissolved on Nov. 14, 2014, according to corporate records in the British territory. The fund was managed by a Delaware-based subsidiary of Rosemont called “Rosemont TALF GP,” SEC records show.
Another investor in Rosemont’s TALF fund, called “Rosemont TALF Opportunities Fund II,” was also based in the Cayman Islands. Additional Rosemont TALF investors included two Greek shipping magnates, a California class action attorney and a financial trust based in Liberia.
Tax experts said the Cayman Islands were a popular location at the time for hedge funds and corporations to set up subsidiaries in order to avoid paying certain U.S. taxes. Didier Jacobs, a senior policy adviser at Oxfam America who focuses on international finance, said an estimated $2.7 trillion was parked in the Cayman Islands and other tax havens prior to the U.S. tax reform in 2017.
“As long as it was sitting there, it was not taxed. That’s why there was a lot of money sitting there in the Cayman Islands,” said Jacobs.
Steve Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center, said the use of an offshore company could also help investment firms reduce the tax liability for foreign or tax-exempt investors who could otherwise be subject to U.S. taxes.
Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said the most likely reason for setting up a company in the Cayman Islands would be to take advantage of its tax laws.

It seems like a pretty basic ask that any recipient of these TALF loans would act in certain ways. And one of those ways would be to not organize their businesses to avoid taxes in the Caymans,” said Gardner.
 

Whispered

Well-known member
Aug 17, 2019
4,553
2,221
113
www.christiancourier.com
#16
in other news, about parroting propaganda,

this article today in the NYT is interesting, tho i think we all already guessed:

https://www.nytimes.com/2019/11/22/us/politics/ukraine-russia-interference.html?smid=nytcore-ios-share

y'all know the whole Ukraine / DNC server story that the president and the GOP have been broadcasting as justification for the actions he took which spurred his impeachment?
it's Russian fake news. the white house & the GOP are spreading a story fabricated by Russian intelligence to blame someone else for their meddling in our last election. essentially, whether wittingly or unwittingly, the GOP and president Trump are acting as Russian operatives or 'mules' to influence public opinion about them and their interference in our politics - a campaign of fake news that Russia has been trying to circulate for years.
this, according to the US intelligence agency ((full story in link)). the president surely has been informed of this, and GOP leadership has also been briefed on it. so it's interesting that they keep repeating it, even in the middle of the president's impeachment while all these topics are in the spotlight - they either don't believe our own intelligence work or the truth isn't as important to them as party-power politics.
NY Times. Owned in large part by George Soros.
 

kaylagrl

Senior Member
Oct 18, 2014
16,415
4,117
113
#17
The Dems are in sad shape. They are actually willing to attempt to elect a deluded old has-been who would be a disaster as even a dogcatcher — just in the hopes of unseating a President who has finally lifted the USA higher than anyone in decades. And that is not even considering the near-traitorous shenanigans he helped his son, Hunter, play.

See I told you we'd find something we agree on!
 

posthuman

Senior Member
Jul 31, 2013
30,521
9,992
113
#18
Hunter Biden-linked company received $130M in special federal loans while Joe Biden was vice president
by Alana Goodman
| November 21, 2019 12:00


An investment firm linked to Hunter Biden received over $130 million in federal bailout loans while his father Joe Biden was vice president and routed profits through a subsidiary in the Cayman Islands, according to federal banking and corporate records reviewed by the Washington Examiner.

Financial experts said the offshore corporate structure could have been used to shield earnings from U.S. taxes.
Rosemont Capital, an investment firm at the center of Hunter Biden’s much-scrutinized financial network, was one of the companies approved to participate in the 2009 federal loan program known as the Term Asset-Backed Securities Loan Facility, or TALF.
Under the program, the U.S. Treasury Department and the Federal Reserve Bank issued billions of dollars in highly favorable loans to select investors who agreed to buy bonds that banks were struggling to offload, including bundled college and auto loans.
According to federal records, 177 firms participated in TALF, many of them well connected in Washington or on Wall Street. For investors, there was little risk and a high chance of reward. The Federal Reserve funded as much as 90% of the investments. If the bonds were profitable, the borrowers benefited. If not, the department agreed to take over the depreciated assets with no repercussions for the borrowers.



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Watch Full Screen to Skip Ads
“It's very complicated to become qualified as a TALF borrower or as a TALF fund, if you will,” Carol Pepper, a wealth management specialist, told Forbes in 2009. “But that's an example of where, if you can get into a TALF fund, you can benefit from this government program.”
Under the terms for the program, any U.S. company looking to invest in select categories of bonds was eligible to apply for the loans. However, the Treasury Department and Federal Reserve maintained the “right to reject a borrower for any reason,” and the internal selection process was criticized by some lawmakers as opaque and open to corruption.

“How can my constituents in Vermont get some of that money? Who makes the decisions? Do you guys sit around in a room — do you make it? Are there conflicts of interest?” Sen. Bernie Sanders asked Federal Reserve Bank Chairman Ben Bernanke at a March 3, 2009, Senate hearing. “Do you have to be a large, greedy, reckless financial institution to apply for these monies?”
Joe Biden was a key advocate for the financial bailout, which was approved under the Bush administration and expanded under President Barack Obama. He delayed his Senate resignation in January 2009 to cast his final vote to increase funding for the Troubled Asset Relief Program before taking office as vice president.
“These guys are not the most likable guys in the world,” Biden said about the banks and hedge funds aided by the government intervention. "But here are the facts ... Had we not bailed out the largest bank institutions in the world, there would have been a flat-out depression.”
One of the firms that benefited was Rosemont Capital, a company led by Hunter Biden’s business partners, Chris Heinz and Devon Archer. The firm received the loans at a crucial time for Hunter Biden. The younger Biden had stepped down from his lobbying business in late 2008, reportedly due to pressure on his father’s vice presidential campaign.
Biden, Heinz, and Archer incorporated Rosemont Seneca Partners in Delaware on June 25, 2009. The “alternative investment and market advisory firm” was an offshoot of Rosemont Capital, which held a 50% stake in the new venture. Rosemont Seneca and Rosemont Capital shared the same office address in lower Manhattan and the same New York phone number, according to Securities and Exchange Commission documents. Three weeks after Rosemont Seneca was incorporated, a subsidiary of Rosemont Capital, called Rosemont TALF SPV, received $23.5 million in federal loans through the TALF program. This included $13.4 million to invest in student loans and $11.1 million to invest in subprime auto loans. Over five months, the company received a total of $130 million from the program in multiple installments for investments in subprime credit cards and residential mortgages.
“This is a great example of the suspicion of many Americans that these bailouts were used to benefit connected insiders while ordinary Americans went broke,” said Tom Anderson, director of the Government Integrity Project at the National Legal and Policy Center, an organization that was critical of TALF at the time.
Although the government stopped issuing the loans at the end of 2009, the names of the well connected borrowers and investors were later released — prompting new criticism from lawmakers and the press. In April 2011, Rolling Stone reported that millions in TALF loans had been issued to the wife of Morgan Stanley Chairman John Mack, Miami Dolphins owner H. Wayne Huizenga, and Wall Street titan John Paulson, dubbing the program “welfare for the rich.”
“Our jaws are literally dropping as we're reading this,” Warren Gunnels, an aide to Sanders, told Rolling Stone. “Every one of these transactions is outrageous.”
Sanders also raised concerns that borrowers were using the program to evade taxes. His office staff compiled a list of over 100 TALF investors based in the Cayman Islands and other known tax havens.
“It has been estimated that each year corporations and wealthy individuals avoid approximately $100 billion in U.S. taxes through the use of abusive and illegal tax shelters,” wrote Sanders in a letter to Bernanke. “Why would the Fed lend to material investors located in the Cayman Islands?”
Federal Reserve records show Rosemont Capital was one of the companies that set up an offshore limited partnership, called “Rosemont TALF Investment Fund LP,” to participate in the TALF program. The fund was incorporated in the Cayman Islands on May 14, 2009, and dissolved on Nov. 14, 2014, according to corporate records in the British territory. The fund was managed by a Delaware-based subsidiary of Rosemont called “Rosemont TALF GP,” SEC records show.
Another investor in Rosemont’s TALF fund, called “Rosemont TALF Opportunities Fund II,” was also based in the Cayman Islands. Additional Rosemont TALF investors included two Greek shipping magnates, a California class action attorney and a financial trust based in Liberia.
Tax experts said the Cayman Islands were a popular location at the time for hedge funds and corporations to set up subsidiaries in order to avoid paying certain U.S. taxes. Didier Jacobs, a senior policy adviser at Oxfam America who focuses on international finance, said an estimated $2.7 trillion was parked in the Cayman Islands and other tax havens prior to the U.S. tax reform in 2017.
“As long as it was sitting there, it was not taxed. That’s why there was a lot of money sitting there in the Cayman Islands,” said Jacobs.
Steve Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center, said the use of an offshore company could also help investment firms reduce the tax liability for foreign or tax-exempt investors who could otherwise be subject to U.S. taxes.
Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said the most likely reason for setting up a company in the Cayman Islands would be to take advantage of its tax laws.

It seems like a pretty basic ask that any recipient of these TALF loans would act in certain ways. And one of those ways would be to not organize their businesses to avoid taxes in the Caymans,” said Gardner.
none of this has anything to do with Ukraine & it was all completely legal.
the 'suspicious' bit about it has to do with whether the government itself ((at the time, approved in the Bush era and expanded by Obama during the recession Bush left)) was acting responsibly by creating the bailout program or whether it was kicking more riches to the rich, sort of a hallmark of R administrations.
so it's not 'wrongdoing' on the part of the Bidens and it's wholly unrelated to the Burisma allegations.

but thanks, informative :)
 

posthuman

Senior Member
Jul 31, 2013
30,521
9,992
113
#19
BREAKING: Former Ukrainian MP Alleges Biden Family Received $12M Kickback From Transaction With Burisma Owner To Kill London Criminal Cases, Provides Details To DOJ
by L Todd WoodNovember 22, 2019117087
SHARE0

Term sheet from sale of Ukrainian Port of Kherson in 2013
This story is developing…

UPDATE: In further clarification of information provided, CD Media can now report that the $32M referenced below was sent to London, where it was seized by British officials and criminal charges were levied against Zlochevsky. Vice President Biden actively sought to have the charges thrown out in the United Kingdom for Zlochevsky in exchange for the $12M being diverted to Hunter Biden, according to Onyshchenko.
Hunter Biden was then brought onto the board of directors at Zlochevsky’s company Burisma and received further payments of $3.1M over a period of months.
—————————————————
KYIV — Former Ukrainian MP Oleksandr Onyshchenko has provided CD Media with information on a transaction in 2013 where Biden family-related companies allegedly received a $12 million illegal kickback while Joe Biden was Vice President of the United States. Onyshchenko alleges the payment was made to gain Biden’s influence in affairs of the group of companies called Burisma owned by Ukrainian oligarch Mykola Zlochevsky, who sold a port facility in Ukraine and shifted partial proceeds of the sale to Hunter Biden. CD Media has already reported on ‘off the books’ payments to Hunter Biden by Burisma.
Onyshchenko alleges that during the sale of the port of Kherson on the Dnepr River in Ukraine in 2013 for approximately $32M, Biden received $12M of that amount illegally.
Former Ukrainian MP with former PM Yulia Tymoshenko
Onyshchenko declared to CD Media that he is providing this information on the money flows to Biden to the U.S. Department of Justice. The overall details of the sale are shown in the document above.
You can read CD Media’s lengthy investigations on Ukrainian corruption here.
i tried to find corroborating evidence / reporting on this and all i found were about a dozen 'news sites' that i've never heard of before, all printing verbatim the same text, and all with a whole lot of hyper-conservative advertising.

as to the article itself it's all unverified accusation from unnamed sources without corroboration.

as to its legitimacy, well, honestly, this smells an awful lot like fake news. like deliberate misinformation. like blatant smear. i'll have to see if anything verifiable actually turns up.

but thanks again :)
 

posthuman

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Jul 31, 2013
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20 NOV, 07:28
Joe Biden’s son and his partners received $16.5 million from Burisma — Ukrainian MP
According to the politician, Hunter Biden was paid by laundered money for his services for Ukraine's Burisma Holdings energy company


Hunter Biden
© AP Photo/Pablo Martinez Monsivais, File
KIEV, November 20. /TASS/. The Ukrainian Office of the Prosecutor General has drawn up an indictment against the owner of the Burisma Holdings energy company, ex-Ecology Minister Nikolai Zlochevsky, that contains information that the son of former US Vice President Joe Biden, Hunter, as a Burisma board member along with his partners received $16.5 million for their services, Ukrainian Verkhovna Rada MP from the ruling Servant of the People party Alexander Dubinsky told a press conference on Wednesday, citing the investigation’s materials. According to him, the money came from duplicitous criminal activity.
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"Zlochevsky was charged with this new accusation by the Office of the Prosecutor General but the press ignored it," the MP said. "It was issued on November 14."
According to the politician, "the son of Vice-President Joe Biden was receiving payment for his services, with money raised through criminal means and money laundering." He also clarified that "Biden received money that did not come from the company’s successful operation but rather from money stolen from citizens."
Dubinsky stressed that the information on Hunter Biden’s income under his contract with Burisma is a "link that reveals how money is siphoned [from Ukraine]."

The MP explained that this information makes up a part of a large-scale scheme of Zlochevsky’s money laundering that involved politicians from the time of ex-President Viktor Yanukovich who continued this scheme under another (now former) President Pyotr Poroshenko, with the backing of former Governor of the National Bank of Ukraine Valeria Gontareva.
"We will reveal the information about the financial pyramid scheme that was created in Ukraine and developed by everyone beginning with Yanukovich and later by Poroshenko. This system is still working under the guidance of the current managerial board of the National Bank, ensuring that money flows in the interest of people who stole millions of dollars, took it offshore and bought Ukrainian public bonds turning them into the Ukrainian sovereign debt," Dubinksy claimed. He then added that "in both cases of Yanukovich and Poroshenko, Ms. Gontareva and companies she controls were investing the stolen funds."
Another Verkhovna Rada MP, Andrei Derkach, claimed that the US Franklin Templeton Investments management company was also involved in the scheme. "The investigation suggests that the Yanukovichs illegally obtained $7.4 billion and laundered it through an investment fund close to the US Democratic Party as government domestic loan bonds," he pointed out.
Dubisky stressed that through the implementation of this scheme Ukraine has money siphoned from it with high interest rates — "40% of the state budget is spent on the debt service." "This amount — 440 billion hryvnia [around $18.18 billion — TASS] in the end of 2020 — is the last step towards a default and then Ukraine will go bankrupt either by the end of 2020 or the beginning of 2021," he concluded.
Biden scandal
Washington was recently rocked by a political scandal surrounding Hunter Biden’s history of working in the Ukrainian company. According to US media outlets, members of the current Trump administration were attempting to dig up dirt on Biden in Ukraine and, therefore, harm Joe Biden’s chances to be nominated as a potential Democrat contender for the 2020 presidential campaign. US Democrats accused Trump of soliciting assistance from Ukrainian President Vladimir Zelensky, urging him to reopen investigations into the Burisma company, and launched an impeachment inquiry against the White House occupant. These developments prompted the White House to publicize the contents of Trump’s talks with Zelensky. It turned out that the US leader did not put forward direct demands, however, the issue itself was mentioned and discussed.
Earlier, former Ukrainian Prosecutor General Yuri Lutsenko announced that Hunter Biden received around $1 million from Burisma.
this doesn't say there was any wrongdoing.
it says he & his partnership lawfully received payment for their services.


but thanks.