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Student loans: California woman sees nearly $350,000 discharged in personal bankruptcy while serving as her own lawyer
Sold Out: How High-Tech Billionaires & Bipartisan Beltway Crapweasels Are ScrewingAmerica's Best & Brightest
By Michelle Malkin and John Miano
Analysis conducted in 2018 discovered that 71 percent of tech workers in Silicon Valley, California, are foreign-born, while the tech industry in the San Francisco, Oakland, and Hayward area is made up of 50 percent foreign-born tech workers. Up to 99 percent of H-1B visa workers imported by the top eight outsourcing firms are from India.
Joe Biden’s Donor List Includes More than 30 Executives Tied to Wall Street
Democrat presidential candidate Joe Biden has more than 30 business executives on his donor list that have connections to Wall Street.
Analysis of Biden’s more than 800 big donors, those who have bundled contributions for his presidential bid against President Trump, found that more than 30 of the executives listed have ties to Wall Street.
CNBC reports:
CNBC reviewed a new list of more than 800 Biden bundlers who raised at least $100,000 for the campaign, and found that several of them had links to financial firms. A few had been mentioned on the initial list of Biden fundraisers that was released in 2019 during the Democratic primary contests. [Emphasis added]
…
Beyond those from Wall Street, Biden’s campaign saw fundraising help from leaders in Silicon Valley, including LinkedIn co-founder Reid Hoffman and venture capitalist Ron Conway. [Emphasis added]
Those executives with ties to Wall Street funding Biden’s campaign include:
Frank Baker, Brett Barth, Jim Chanos, Mark Chorazak, David Clunie, William Derrough, Roger Altman, Blair Effron, Jon Feigelson, Mark Gallogly, John Rogers, Jon Gray, Tony James, Jon Henes, Sonny Kalsi, Orin Kramer, Brad Krap, Brian Kreiter, Marc Lasry, Nate Loewenthall, Eric Mindich, Kara Moore, Charles Myers, Alan Patricof, Deven Parekh, Robert Rubin, Evan Roth, Faiza Saeed, Rajen Shah, Jay Snyder, Rob Stavis, and Jeff Zients.
As Breitbart News reported, Biden’s campaign is being backed by nearly “all the big banks” on Wall Street, according to CNN analysis, and Wall Street executives and employees have donated more than $74 million to elect the former vice president.
Trump, on the other hand, has accepted far less money from Wall Street — taking just a little over $18 million dollars from financial firms. This is a whopping $56 million less than what Biden has accepted from Wall Street.
Despite his Wall Street, big business, Big Tech, and billionaire donations, Biden has attempted to portray himself as a small-town fighter from Scranton, Pennsylvania.
In a post on Sunday, Biden wrote that “Donald Trump sees the world from Park Avenue,” whereas he sees the world “from where I came from: Scranton, Pennsylvania.” In fact, Biden has raised over $1 million from wealthy Park Avenue donors, more than eight times the less than $130,000 that Trump has taken from Park Avenue residents.
John Binder is a reporter for Breitbart News. Follow him on Twitter
Big Tech and Big Law dominate Biden transition teams, tempering progressive hopes
Alexander Nazaryan administration takes office in January.
WASHINGTON — For six years, Brandon Belford worked as an economic policy adviser to President Barack Obama in the White House and federal agencies. He moved to the Bay Area when Donald Trump became president, part of a massive flight of Obama officials from Washington to Silicon Valley, Wall Street and Hollywood. He took high-ranking positions with Apple and then Lyft, where he is currently the ride-sharing company’s chief of staff.
Now Belford is back, as part of one of the “transition teams” named by President-elect Joe Biden to restock a federal government that has been battered after four years of Trump by hiring new officials and advising the incoming administration on what its first governing steps should be.
Those steps could be timid, judging by the composition of those teams, where Obama-era centrism prevails. That has some progressives worried that Biden represents nothing more than a return to normal, at a time when many of them believe the nation is ready to embrace policy ideas well to the left of center.
“The status quo is killing us,” says former Bernie Sanders press secretary Briahna Joy Gray, who now hosts a podcast called “Bad Faith.”
Belford is joined by dozens of other Democratic operatives who have spent the past four years working at prestigious law firms and think tanks. On these “agency review teams” are high-ranking executives from Amazon, partners at white-shoe law firms like Covington & Burling and enough experts from D.C. center-left think tanks — including six from the Brookings Institution alone — to fill a center-left think tank.
Progressives knew this was coming. “I am very concerned about the role Uber executives would play in this administration,” Rep. Alexandria Ocasio-Cortez D-N.Y., told Yahoo News. Even though she also effusively praised the appointment of Ron Klain as the incoming White House chief of staff, Ocasio-Cortez vowed that corporate America would not “pull the wool over our eyes” when it came to crafting the Biden presidency.
Some have put it less bluntly. “Biden’s transition team is full of wealthy corporate executives who are completely disconnected from the struggles of the working class,” complains left-leaning activist Ryan Knight, whose Twitter handle is @ProudSocialist.
App-based drivers from Uber and Lyft protest in a caravan in front of City Hall in Los Angeles on October 22, 2020 where elected leaders hold a conference urging voters to reject on the November 3 election, Proposition 22, that would classify app-based drivers as independent contractors and not employees or agents. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)More
He was presumably referring to the two dozen agency review team officials who come from law firms like Arnold & Porter. Or to the 40 or so members of the Biden transition who are current or recent lobbyists.
The agency review teams are not exactly settling into their cubicles just yet. For one, President Trump has not yet conceded the election, and the transition has been hindered in part by Republican operatives at the General Services Administration. And agency review is an enormously complex process, one that actually began months ago. The transition teams are supposed to ensure a “smooth transfer of power,” in large part by making sure that capable officials are ready to get to work in their respective agencies the moment Biden lifts his hand from the Lincoln Bible.
Speaking on the condition of anonymity, one member of the Biden campaign working on agency-related matters says teams were primarily tasked with surveying the landscape of the federal bureaucracy. She says that the transition teams would make some hiring recommendations, but only as a secondary function.
With a single exception, the agency review team members mentioned in this article did not respond to requests for comment.
One with a typically impressive biography is that of Aneesh Chopra, who served as the U.S. chief technology officer for Obama before starting his own medical data logistics company, CareJourney. Now he is on the transition team for the U.S. Postal Service, where he will presumably work to undo the alleged damage by another logistics maven: Trump appointee Louis DeJoy.
Of course, most progressives are glad that there’s a Biden transition to speak of, instead of a second Trump term. But they also recognize their own role in the Democratic candidate’s victory.
“Everyone fell into line and did everything they could to get Joe Biden elected,” says Max Berger, a progressive activist who worked for Elizabeth Warren’s presidential campaign and Justice Democrats, the group that helped elect Ocasio-Cortez to the House in 2018.
Berger recognizes that progressives will be a “junior partner” to the establishment Democrats with whom Biden has been ideologically and temperamentally aligned for a good half-century. They want to be partners all the same, not just the loyal opposition.
Many are cheered by some of the agency review teams. For one, they are notably more diverse, a stark contrast to Trump’s reliance on white males for so much of his advice. On the transition team for the National Aeronautics and Space Administration is Jedidah Isler, the Dartmouth professor who in 2014 became the first Black woman to earn a doctorate in astrophysics from Yale. The transition team for the Small Business Administration includes Jorge Silva Puras, a political leader in Puerto Rico who also teaches entrepreneurship at a community college in the Bronx.
“The presence of labor officials throughout many of the groups is notable,” says David Dayen, executive editor of the American Prospect. In the Department of Education team, for example, are several executives from the American Federation of Teachers.
He called the Federal Reserve and Treasury teams “all-stars,” a sentiment shared by other progressives interviewed for this article. On the Treasury team is Mehrsa Baradaran, a progressive economist who has written on the racial wealth gap. She is also on the Federal Reserve team, along with Reena Aggarwal, a corporate governance expert.
Progressive strategist Elizabeth Spiers says the finance-related teams are not “not quite Elizabeth Warren levels of aggressiveness but also not stuffed with finance people.” Biden’s advisers appear to have learned the lessons of his former boss. During Obama’s first year, he relied on banking executives to help quell the financial crisis. They did so in ways that steered the new president away from progressive proposals, such as nationalizing those very same banks.
There is not a single current executive from Citibank or Goldman Sachs on any of the transition teams. Bank of America has also been shut out. JPMorgan can boast a single toehold in the agency review process: Lisa Sawyer of the Pentagon team. A spokesman for JPMorgan told Yahoo News that the bank was “following the appropriate election laws” and that Sawyer was “not on an agency review team that will touch any banking issues.”
“I think the Biden administration is going to be surprising to progressives in some ways and disappointing in others, and the agency review teams reflect that,” Dayen says. During the summer, the American Prospect published a lengthy exposé about Biden’s foreign policy advisers’ lucrative foray into corporate America. Many are set to return to the highest echelons of official Washington.
“I have to be cautiously optimistic,” says Waleed Shahid, communications director for the Justice Democrats.
Relatively young progressives like Shahid are less likely to wax romantic about the way things were in Washington. They are less interested in experience than conviction. But for many in Biden’s camp, a lack of experience was among the several fatal flaws of the Trump years.
“Everyone — right or left — has made the mistaken assumption for years that governing is easy,” says “The Death of Expertise” author Tom Nichols, who teaches at the Naval War College and is an ardently anti-Trump Republican.
“After having a bunch of nitwits and cronies loose in the government,” Nichols wrote in an email, “I think a lot of people on the left are really giving in to the assumption that as long as you’re not Trump, or not a complete idiot, anyone can do it.”
Given the title and theme of his book, Nicholas cautioned against that approach. “It’s a childish and silly approach to government, but it’s a bipartisan problem,” he told Yahoo News.
While progressive may not see their stars like Sens. Bernie Sanders or Elizabeth Warren occupying the Treasury Department, they do very much hope that a Biden presidency amounts to more than a third Obama term. It was unaddressed economic inequality, they believe, that bred the populist resentment that gave Trump an opening in 2016. The coronavirus has only made that inequality worse. That will only increase populist resentment, they worry, to be exploited by a Trump acolyte — or perhaps Trump himself, again — in 2024.
Addressing that inequality, for now, falls to transition team officials like Mark Schwartz of Amazon and Ted Dean of Dropbox, as well as Arun Venkataraman of Visa and David Holmes of defense contractor Rebellion Defense, in which Eric Schmidt of Google is an investor. Many of these officials are veterans of the Obama administration or Democratic offices on the Hill.
“There is a lot of corporate influence there,” says Maurice Weeks, co-founder of the Action Center on Race and the Economy. “And that is troubling.” But he is encouraged by the presence of “hard-core progressives” like Sarah Miller, a former Treasury deputy who is both an anti-Facebook activist and the executive of the American Economic Liberties Project, which seeks to curb corporate power. She is now on the Treasury transition team.
In some ways, the difference is between former Obama officials who, like Miller, went on to become activists and those who moved on to become rich. The latter did only what many government officials had done before them. But at a time of mass unemployment, a stint at the corporate law firm Latham & Watkins (three transition team members) may not seem as impressive as it may have when Obama was president.
“We don’t just want to rewind the clock by four years,” Weeks says.
For many progressives, Trump was a singular threat to important institutions of the federal government, but rebuilding those institutions is simply not as important as rebuilding entire communities shattered by economic, social and racial inequalities.
Student loans: California woman sees nearly $350,000 discharged in personal bankruptcy while serving as her own lawyer
A California woman with more than $350,000 in student debt served as her own lawyer in personal bankruptcy and saw 98% of her loans discharged in the latest case in a growing trend.
Court filings show that the Education Department (ED) and the Los Angeles-based woman, Mis Loe, agreed on August 30 that Loe would pay $7,200 of her $356,637.82 in outstanding loans (at a fixed monthly rate of $60 for 10 years or until October 1, 2031).
Once Loe completes the $7,200 payment by October 2031, according to the agreement, she “shall be discharged of the remaining balance of the student loan debt, pursuant to her Chapter 7 discharge order.”
The case highlights the growing number of student loan debtors obtaining relief through personal bankruptcy and further dispels the notion that student loans are exempt from court-ordered discharge.
Furthermore, the case shows that regular people — especially those in extraordinary personal circumstances — are able to win for student debt discharges without a lawyer.
“It’s not a straightforward, easy process… [but] the data has been consistent over the past decade — folks with attorneys don’t do any better than individuals who don’t have attorneys in this specific context of litigating the adversary proceeding,” Jason Iuliano, associate professor at the University of Utah and an expert on student loan bankruptcy law, told Yahoo Finance. “They both tend to get about the same level of favorable outcomes. And I can’t think of another area of law where that’s true, where having an attorney makes you worse off.”
The struggle with diabetes and student loans
Originally from Olympia, Washington, Loe began her undergraduate degree at the University of Washington in 1992.
Within a year, she became ill was diagnosed with Type 1 Insulin Dependent Diabetes. Her struggle to find a proper treatment plan led her to be in and out of hospitals for multiple years, causing her to fall behind on her bachelor’s degree.
“I got a lot of zero-point-zeros on my transcript because I didn't know how to report medical illnesses to the University of Washington,” Loe told Yahoo Finance. “And that ruined my grades. I was embarrassed. I was embarrassed to be sick.”
In 1997, Loe re-enrolled in school, but she attended sporadically because she worked at a coffee shop 30-60 hours a week so that she could qualify for health insurance. Loe's health issues worsened over the years as she was diagnosed with a brain tumor, and had to stop school again in 2005 to focus on her health. She eventually re-enrolled again in 2012 and earned her bachelor’s degree in cinema studies in 2013.
Loe then moved to Los Angeles to find work in the film and television industry while also applying for graduate school at the American Film Institute Conservatory. She found part-time work at coffee shops until she earned a master's degree in film and television in December 2018.
After her education, she made ends meet while working entry-level temp jobs on film and TV sets by driving for Postmates and and asking for more hours at the coffee shop.
“I did all that just so I could barely pay my monthly bills each month,” said Loe, who had also accumulated about $40,000 in credit card debt. “I always had my expenses down to a minimum, but it’s LA.”
Her adversary proceeding — a crucial step for student debtors looking for financial relief through personal bankruptcy — stated her thinking at the time: “She thought if she could get off the repetitive cycle of taking out PayDay loans and depending on overdraft protection to make ends meet that she could reduce her monthly expenses and allow her to take on an internship which could maybe lead to a job.”
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