bailout


"Historic Levels Of Fraud": US Watchdog Estimates $45.6 Billion Bilked From Pandemic Unemployment Program

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"Officials at the watchdog office warned their accounting still may be incomplete..."


IMF Creates Record $650 Billion Slush Fund For Pandemic Relief

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The creation of the reserve assets -- known as special drawing rights -- is the first since the $250 billion issued just after global financial crisis in 2009...


Half Of Pandemic Unemployment Funds May Have Been Stolen: Axios

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"Up to 70% of the money stolen by impostors ultimately left the country."


"It's Not Great": Biden Stimulus Hits Turbulence As Pushback Grows Over Disincentivized Workers

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"Republicans will use this to show that some of these ideas being pushed aren't sound..."


Border-Area Hotels Bail On Biden Admin To House Migrant Overflow

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"A Woodspring Suites, a Hampton Inn by Hilton, a Microtel by Wyndham and a Best Western were slated to open up more space for migrant families starting April 30, but backed out..."


Punching Right: Liz Cheney Was Top Never-Trump Peddler Of Debunked 'Russian Bounties' Story

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How many votes did that cost Republicans?


SBA Mistakenly Paid Out $692 Million In Duplicate PPP Loans: Watchdog

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"Lenders, rather than the taxpayer, may be on the hook for the error..."


Here's How Much Money Every State Will Get From The Biden Bailout

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Biggest winners: California, Texas, New York, Florida and Illinois


Deutsche Bank Cuts Bonus Plans After ECB Objects To Higher Payouts

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Deutsche Bank employees just can't catch a break.


Stimulus Payments Set Stage For The Revolution's Sedation

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It would be another form of kicking the can down the road. You pay the people for their complacency until you can’t any longer...


How We Institutionalized Incompetence

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And so we face the ultimate irony: 'bailing-out-everything' destroys the entire rotten system.


'Addictus Stimulitis' - David Stockman Blasts "Airlines Neither Deserve, Nor Need, A Bailout"

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At this point we would ordinarily mention this won’t end well. But by now that surely goes without saying...


States Overpaid COVID Claims, Now They Want The Money Back

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“I’m seeing complete panic,”


More Than 500 JPMorgan Employees Inexplicably Got Emergency Virus Relief Funds

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More than 500 JPMorgan employees got assistance from taxpayers aimed at helping businesses through the pandemic "and dozens of them shouldn’t have"...


1920: The Crash That Cured Itself

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There were no massive liquidity “bazookas” shot by central banks, no giant stimulus programs from the Ministry of Economy, no price or profit margin controls...


Moore: The Last Thing States, Cities Need Is A Taxpayer Bailout

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"The Pelosi plan may be a good way for Democrats to stimulate more campaign contributions from teacher and government employee unions, but it is no way to stimulate what the economy needs most right now: private sector growth..."


A Farewell Letter From An Independent Restaurant Owner

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“It’s all about survival right now...”


The Economy Continues To Unravel Despite All Stimulus Measures

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"It's almost as if the Fed and certain politicians WANT a financial collapse in America..."


New York's MTA Is Losing An Astounding $200 Million Per Week

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The agency is seeking $12 billion worth of federal funds to help cover its budget deficits through 2021...
 


Rickards Warns America's "Bridge Loan" Is Up

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We’ve climbed 10 feet out of the hole. Unfortunately, we could find ourselves right back at the bottom before too long... And digging our way back up to 2019 levels would take even longer...