Goldman
Sachs Executive Who Profited Off Housing Collapse Pours $200K into Joe Biden
Campaign
236
The former Goldman Sachs executive who helped one of the biggest
banks profit off the nation’s housing collapse in 2008 is pouring hundreds of
thousands of dollars into Democrat presidential candidate Joe Biden and Sen.
Kamala Harris’s (D-CA) campaign.
Donald
Mullen Jr., as first noted by
the Washington Free Beacon, gave $200,000 to
the Biden Victory Fund in August. Mullen was a key architect of the “Big Short”
scheme that allowed Goldman Sachs to profit from the housing collapse.
New York Magazine detailed the
scheme:
In the years
leading up to the financial crisis, a team of mortgage executives and traders
at Goldman Sachs predicted that the housing market was in trouble. So they
designed a massive bet against it, using a bunch of esoteric financial instruments
known as collateralized debt obligations that would pay off in the event that
housing prices fell and homeowners defaulted on their mortgages. [Emphasis
added]
That bet, now known colloquially as “the big short,” allowed
Goldman and its clients (including hedge-fund
managers like John Paulson) to avoid losses and make billions of
dollars when the housing market collapsed, at the same time that people
around the country lost their homes to foreclosure. [Emphasis added]
Meanwhile,
millions of America’s working and middle class lost their homes, as Business Insider reported in
2018:
After the
real estate bubble burst in 2008, many families living in the US found
that the cost of running their homes was no longer affordable, resulting in
many of those people losing their homes. [Emphasis added]
The
widespread consequences were that, between 2006 and 2014, nearly 10
million homeowners in America saw the foreclosure sale of their own homes,
which entailed having to give up their property to lenders or selling it as
quickly as possible via an emergency sale, according to the Süddeutsche Zeitung.
[Emphasis added]
Livelihoods were threatened and the financial damage was
colossal — not to mention the emotional damage suffered by victims of the
crisis — a 2014 study shows a correlation between
the crisis and an increased suicide rate. But where are the victims of the real
estate and financial crisis now? [Emphasis added]
It’s not
just Mullen Jr. who is showering Biden with campaign cash to defeat President
Trump on November 3. Biden has taken nearly 200 contributions
from employees at Goldman Sachs — including contributions of nearly $50,000 to
$55,000 from the bank’s top executives.
Altogether,
a recent CNBC analysis revealed, Wall Street has donated more than $50 million to
Biden’s campaign this election cycle and CNN has noted that
“all the big banks” are backing Biden and Harris against Trump.
John Binder is a reporter for Breitbart
News. Follow him on Twitter at @JxhnBinder.
THE RAPID RISE AND EVEN QUICKER FALL OF A
SOCIOPATH BRIBES SUCKING LAWYER -
WE'RE
TALKING ABOUT KAMALA HARRIS
https://kamala-harris-sociopath.blogspot.com/2020/10/the-rapid-rise-and-even-quicker-fall-of.html
“The
effrontery to all of us to put an obviously ailing and incoherent
Joe
Biden for the top spot and for the V.P., Kamala Harris, who
couldn't
even carry her own state in the primaries, indicates their lack of
judgment.”
ALAN BERGSTEIN
“However, I would like to encourage my fellow Democrats to
approach Senator Harris with a healthy dose of skepticism. As a prosecutor and
California State Attorney General, Harris has engaged in blatantly unethical
behavior for her profession and embraced positions that actively hurt her
constituents.”
JESSER HOROWITZ
LAWYER KAMALA HARRIS, PATHOLOGICAL LIAR AT LARGE
https://kamala-harris-sociopath.blogspot.com/2020/10/lawyer-kamala-harris-pathological-liar.html
Duplicity aside, perhaps the only
details of Harris’s speech more cringeworthy than her insincerity was her
inability to tell the truth about virtually anything. DAVID KELTZ
SHE’S CORRUPT, AMORAL, BRIBES SUCKING BUT
ISN’T THAT WHY BIDEN WANTED HER TO BE V.P?
SHE’S A SOCIOPATH LAWYER!
https://kamala-harris-sociopath.blogspot.com/2020/09/kamala-harris-amoral-corrupt-bribes.html
Tucker Carlson of Fox News calls Harris a corrupt and dangerous
fraud who sees laws and powers only as means to punish her enemies,
pursue her agenda, and get elected.
KAMALA HARRIS - I
CAN CON THEM! I'M A LAWYER, IT'S WHAT I HAVE DONE MY ENTIRE BRIBES SUCKING
LEGAL CAREER!
https://kamala-harris-sociopath.blogspot.com/2020/09/kamala-harrs-i-can-con-them-im-lawyer.html
All of this is, if we can be permitted to use Biden’s catchphrase, “malarkey.” Harris has already proven herself as a trusted servant of the interests of the rich and powerful at the expense of the working class. The Wall Street Journal wrote last week that Wall Street financers had breathed a “sigh of relief” at Biden’s pick of Harris. Industry publication American Banker noted that her steadiest stream of campaign funding has come from financial industry professionals and their most trusted law firms.
There is something fitting in the selection of Harris to co-lead the Democrats’ ticket. The response of the Democrats to the mass multi-racial and multi-ethnic protests against police violence that erupted earlier this year was to divert them into the politics of racial division, using the reactionary and false claim that what was involved was a conflict between “white America” and “black America,” rather than a conflict between the working class and capitalism.
His services to the corporate elite continued through his tenure as vice president in the Obama administration, when he oversaw both the bailout of Wall Street and the bankruptcy restructuring of the auto industry, in which wages for new workers were cut in half.
JOE BIDEN TO HIS BANKSTERS:
It was to his supporters in the financial aristocracy, at an exclusive fundraiser last year in Manhattan, that Biden made his notorious pledge—the most truthful declaration of his entire campaign—that if he were elected president, “No one’s standard of living would change. Nothing would fundamentally change.”
Corporate America puts its money on Biden and the Democrats
The final financial reports before the election were filed by candidates for Congress and the White House by Oct. 15 with the Federal Election Commission (FEC), detailing fundraising and spending in the third quarter, July 1 through Sept. 30. These reports are limited to the funds raised directly by the campaigns themselves, and exclude fundraising through supporting PACs (political action committees) usually funded by billionaires. Nonetheless, the FEC data provides some eye-opening insights into the political calculations of the American ruling elite, where there is increasing expectation of a Democratic victory on Nov. 3.
Two preliminary observations can be made. First, large sections of big business favor a shift from Trump to Biden, partly because of differences on foreign and domestic policy, partly because they regard a second Trump term as more likely to provoke an uncontrollable social and political explosion in America. Second, the corporate elite now views Biden and the Democrats as the favorites to win the election, and campaign contributions are a form of political insurance, giving the donors a “seat at the table” when a future Biden administration is staffed and determines its policy priorities.
The Democrats hold a decided edge in fundraising in each of the major sectors of the 2020 political battlefield. In the presidential campaign, Trump’s early dominance is a distant memory. Biden has outraised him beginning in May, and his lead has grown with each passing month.
According to the Center for Responsive Politics, the Biden campaign has raised $810 million and supporting organizations have raised $373 million, for a total of $1.183 billion. The Trump campaign has raised $552 million, supplemented by $256 million from outside groups, for a combined total of $808 million.
In the Senate, the Democrats have outraised Republicans by a margin of more than 50 percent, $767 million to $500 million, despite the Republicans holding 23 of the 35 seats being contested on Nov. 3. In the 435 House contests, the Democrats hold a slightly narrower lead, $772 million to $653 million. Both figures represent a sharp departure from recent congressional elections, at least until 2018, in which the Republican Party has generally enjoyed a huge financial edge.
The presidential fundraising figures represent sharp increases from 2016, when Democrat Hillary Clinton raised a combined total of $770 million while Trump raised $433 million. By Oct. 1, the Biden and Trump campaigns had already spent three times the amount expended at a similar point in 2016, a reflection both of the massively increased fundraising and the need to reach early and mail-in voters.
The Democratic Party and the corporate media have generally attributed the Biden campaign’s financial edge to a surge of small-dollar contributions. There certainly has been such a surge, at least compared to the early stages of the Biden campaign for the Democratic nomination, when small-dollar internet contributions went overwhelmingly to Bernie Sanders and Elizabeth Warren. At that point Biden was sustained by a relative handful of wealthy backers.
But according to a recent tabulation by the Center for Responsive Politics, which maintains the Open Secrets database of campaign finance information, Trump and Biden have raised roughly equal amounts in contributions of $200 or less, between $200 million and $250 million apiece, mainly over the internet.
The difference between the campaigns is accounted for primarily by big dollar contributions, with Biden raising far more than Trump. As the New York Times admitted in an article posted on its website Wednesday, “the elite world of billionaires and multimillionaires has remained a critical cog in the Biden money machine.”
The Times continued:
From Hollywood to Silicon Valley to Wall Street, Mr. Biden’s campaign has aggressively courted the megadonor class. It has raised almost $200 million from donors who gave at least $100,000 to his joint operations with the Democratic Party in the last six months—about twice as much as President Trump raised from six-figure donors in that time, according to an analysis of new federal records.
Million-dollar donors came from Hollywood (Jeffrey Katzenberg), Silicon Valley (Reed Hastings of Netflix and many others), and high finance. “Top executives with investment, private equity and venture capital firms like Blackstone, Bain Capital, Kleiner Perkins and Warburg Pincus all contributed handsomely,” the Times noted.
While Biden has lately attempted to sound a populist note, claiming that he represents Scranton (his birthplace, a decaying industrial city in northeastern Pennsylvania), while Trump represents the moneyed elite of “Park Avenue,” it turns out that “Scranton” has a different meaning to his campaign finance operation. Any affluent donor who solicits a total of $250,000 in contributions is considered a member of the “Scranton Circle” of elite donors, with special access to top advisers of the candidate. There is also a “Philly Founder” level for those generating $500,000 in contributions and a “Delaware Circle” for those accounting for $1 million or more.
Entering the month of October, the Biden campaign had $180.6 million in cash on hand, while the Trump campaign reported only $63.1 million, one-third of the Democrat’s total. This disparity was despite the Biden campaign’s outspending Trump’s by two to one during the month of September. After raising a record-shattering $365 million in August, the Biden campaign raised an even larger amount, $383 million, the following month.
Trump has not lacked for megadonor support, including $75 million from casino billionaire Sheldon Adelson, $21 million from Isaac Perlmutter, chairman of Marvel Entertainment, and $10 million from banking heir Timothy Mellon.
But these sums are dwarfed by the $100 million for Biden from billionaire Michael Bloomberg, who briefly sought the Democratic presidential nomination for himself—and spent $1.1 billion in that effort—and another $106 million from the Future Forward PAC, based in Silicon Valley, whose funding includes $22 million from Facebook co-founder Dustin Moskovitz, $6 million from Jeff Lawson of Twilio, $5 million from crypto-currency trader Sam Bankman-Fried and $2.5 million from Eric Schmidt, former CEO of Google.
Such figures make nonsense of the fascistic rhetoric of Trump, who continually denounces Biden as the tool of socialists, communists and the “radical Left.” Actually, Biden is a tried and tested tool of Wall Street and corporate America, dating back to his days as a senator from Delaware, a center of tax evasion. The tiny state has more corporations headquartered there for tax purposes, over one million, than human beings.
His services to the corporate elite continued through his tenure as vice president in the Obama administration, when he oversaw both the bailout of Wall Street and the bankruptcy restructuring of the auto industry, in which wages for new workers were cut in half.
It was to his supporters in the financial aristocracy, at an exclusive fundraiser last year in Manhattan, that Biden made his notorious pledge—the most truthful declaration of his entire campaign—that if he were elected president, “No one’s standard of living would change. Nothing would fundamentally change.”
The financial constraints on the Trump campaign are unmistakable. In the final week of September and the first week of October, for example, it stopped advertising in four “battleground” states—Iowa, Ohio, Texas and New Hampshire. One advertising industry tally had Biden topping Trump in campaign spending in 72 out of 83 media markets where both campaigns were still competing.
The disparity between the Biden and Trump campaigns has been exacerbated by the timing of their expenditures. Trump spent lavishly in the early months of 2020, even before the Democratic nominee had been determined, and has raised less overall. The result is a cash crunch in the final weeks of the campaign.
Biden began the month of August with a three-to-one advantage in terms of financial resources and has outspent Trump in three critical battleground states—Michigan, Pennsylvania and Wisconsin—by that margin, $53 million to $17 million. According to figures reported in advertising trade publications, Biden has a 5–1 advantage in the Milwaukee, Wisconsin, market, and more than a 2–1 advantage in Detroit and Philadelphia.
In Omaha, Nebraska, where a single electoral vote is at stake in the Second Congressional District, Biden has spent $2 million on advertising, six times the Trump total.
To be continued
REMEMBER WHEN BRIBES SUCKING LAWYER KAMALA HARRIS SAID OL' JOE'S FINANCES WERE ENTIRELY 'TRANSPARENT'?
This Is How the Left's Power Structure Collapses
Weeks ago, Rush Limbaugh mentioned that the issues defining the election had not come forward yet. He was correct. Not entirely, because all the issues coming out right now have existed. In plain sight.
They just weren't distilled yet.
It's now here, served up on a silver platter. No, not Hunter Biden. This Hunter Biden laptop story simply leads us to the issue. The word. One word that rules them all, and in the darkness binds them.
Corruption.
There it is. That's the issue. To begin, you have the corrupt family Biden. They've been scamming us and our system well for almost fifty years. The man is supposedly worth over 250 million dollars. How is this possible on his salary? It's not. So where did his wealth come from? Not from being a brilliant businessman.
Enter Hunter's laptop. We now know that this is a family steeped in crime and corruption. Ole Corn Pop appears to be awash in money kicked back to him by his family members who have grifted off his reputation for years. Hunter's laptop has betrayed all this and more. Much like Al Capone's bookkeeper. Who would have thought Capone would have been destroyed so completely by a set of crooked books? Such delicious irony. And who would have known that this would become the October surprise of all October surprises?
Corruption. Full grown. Oozing its way into America. It's everywhere on the left. The Biden family. Clintons. The Democratic Party. The FBI. The CIA. The mainstream media. The tech giants. It's a full-out plague, aided and abetted by their demonic philosophy, all of them gone astray.
All of them corrupt.
The New York Post story has been there for about a week now. The Democrat-media complex has ignored it entirely; the tech giants went into overdrive removing all evidence from their platforms. Google. Facebook. Twitter. Instagram. The whole lot of them. Covering up a story that deserved universal distribution and condemnation. Instead, they covered up the most damning story to their side, their chosen side. All of them colluded to bury this mounting evidence of wrongdoing.
How far the mighty have fallen. And are falling.
What's the word for a media establishment that won't report this story?
What's the word for the FBI having this laptop for almost a year, watching dispassionately as the Democrats impeached Trump with hard evidence in their hands of his innocence and the Bidens' guilt?
What's the word for the above group of bad actors colluding to forward the Russia lies for almost three years?
What's the word for Director Wray's involvement?
What's the word for CIA director not releasing documents of the Russia hoax, documents that have been available for a long time?
What's the all-encompassing word that has been revealed at the heart of all these colluding to hide the truth from an America that deserves to know?
Corruption.
This is an issue that won't go away. All the attempts to deep-six the truth here are failing, and miserably at that. It's causing a slow-walk of information to drip out to the American public. First the stories of Ukraine. Drip-drip-drip. Then the stories of drugs. Then the sex problems. Then the Chinese stories. The story of kickbacks to Pop.
It's as if all the smartest people in the world colluded to destroy themselves. By purposefully and unanimously excluding all information concerning this story from the American public. The smartest people in the world actually believe they can be successful in spiking one of the biggest stories to pop up in any American election cycle. Their hubris is so advanced, so viral, so awful, that they can't see what they've done to themselves. They really believe they are going to keep a cork on this.
The derogatory phrase for the establishment has been "the swamp." How bad is this, how deep is this, how criminal is this, how horrifying is it to find out the vast amount of corruption and collusion in so many of our institutions and corporations?
It's staggering. It's infuriating.
These are the most powerful among us. All rich. All corrupt. All once respected by Americans of all stripes. And here, in one fell swoop, they reveal themselves to the average American. As arrogant bullies, as deceitful liars, as evil as anything we've seen in our generation. They have revealed themselves as the cabal of darkness. Terrible motives, terrible actions, virtually unforgiveable in what they have done, and yet failed to finish. And due to the hubris of the cabal, the exposé will be slow-walked until the election.
Today, Trump had an exchange with reporters, where he said, "Biden was a criminal."
This shocked the corrupt media. Reverberations rocked the corrupto-sphere. The lion had roared. There is no way the corrupto-sphere keeps this lid on. There is also no way all these corrupt actors go back on their solemn pledge to one another. They are bound together. They're stuck with each other. And it will overwhelm them.
As this careens into the debate, as this careens into voting, as this careens into Election Day, the ultimate narrative will be set. The doomsday clock will start. All the corrupt actors will be pointed out. All of them will rue the day they couldn't get rid of Donald Trump. He, above most anyone, knows just how corrupt these people are. He above anyone knows how to handle them. He, above all, knows what's all coming out in the next weeks.
It's going to be an avalanche of material. It's going to be a number of fires even Google, Facebook, Twitter, Instagram, the DNC, the Bidens, the media, the corrupt government officials, the whole shooting match, will not be able to handle. If they all overtly held emergency meetings with each other, they'd never stop the flood. When Trump roared, you know he had one of his famous moments, that moment when he knows how and when to bring this to a head. Trump the narrative-builder, Trump the destroyer will be unleashing hell on these people.
Anyone who has seen him operate knows. This is his time. This is how the beginning of the end of the swamp, or should I say the sewer, begins. This is the kind of chaos these smartest people in the world, ever, haven't seen before. Algorithms will not help them. Censorship will not help them. It will be a rushing mighty wind, coming to destroy all those who didn't understand that their corruption could be turned on them.
This is going to be epic. Corruption will be their end; it's just a matter of time. And Trump will have four years to finish their corruption.
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