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Articles in Bailout

Chrysler Bankruptcy: Motion Denied, To Be Appealed; Fraud Complaints To Be Made
Monday, 8 Feb, 2010 – 21:05 | 41 Comments
Chrysler Bankruptcy: Motion Denied, To Be Appealed; Fraud Complaints To Be Made

After the Defendants made a footnoted accusation that the Plaintiffs in a Chrysler Bankruptcy case are so-called “birthers” (an accusation that is completely immaterial to the point of this case), one of the attorneys for …

Chrysler Bankruptcy: Donofrio: Defense Distracting Over “Psychoanalyzed” Birther Allegations
Sunday, 24 Jan, 2010 – 21:40 | 255 Comments
Chrysler Bankruptcy: Donofrio: Defense Distracting Over “Psychoanalyzed” Birther Allegations

Sunday, January 24, 2010 Update:
Attorney Leo Donofrio has posted this story on his site as well as a trackback to this posting…
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In what is a blogosphere exclusive, attorney Leo Donofrio, in conjunction with attorney Stephen …

Chrysler Bankruptcy: Pidgeon, Donofrio Granted Pro Hac Vice; Responses Due January 15
Tuesday, 12 Jan, 2010 – 22:29 | 14 Comments
Chrysler Bankruptcy: Pidgeon, Donofrio Granted Pro Hac Vice; Responses Due January 15

On Monday, January 4, Attorneys Stephen Pidgeon and Leo Donofrio requested that the bankruptcy Court in the Southern District of New York admit them pro hac vice; this request has been granted:
Steve Pidgeon and I …

Chrysler Bankruptcy: Motion to Reconsider Filed; FBN Video
Monday, 4 Jan, 2010 – 20:50 | 334 Comments
Chrysler Bankruptcy: Motion to Reconsider Filed; FBN Video

Monday, January 4, 2010 Update:
Attorney Leo Donofrio posted an update with a FoxBusiness.com video (going to the video’s link brings up a rather rough transcript where Messrs. Donofrio and Pidgeon are specifically referenced).
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Following up on …

Donofrio, Pidgeon on Quo Warranto; IPPT v. Chrysler at SCOTUS on TARP
Wednesday, 9 Dec, 2009 – 18:45 | 589 Comments
Donofrio, Pidgeon on Quo Warranto; <i>IPPT v. Chrysler</i> at SCOTUS on TARP

Wednesday, December 9, 2009 update:
The Post & Email reported yesterday that the Supreme Court has scheduled a Conference this Friday for Indiana Police Pension Trust v. Chrysler (docket):
The action, whereby the U.S. Treasury, without authorization …

Murray v. Geithner: Judge Denies Defendant’s Motion to Dismiss RE: AIG, Sharia Law
Wednesday, 27 May, 2009 – 13:19 | 12 Comments
<i>Murray v. Geithner</i>: Judge Denies Defendant’s Motion to Dismiss RE: AIG, Sharia Law

The Thomas More Law Center had originally filed suit in December of 2008 challenging the constitutionality of a portion of the “Emergency Economic Stabilization Act of 2008” (EESA) that appropriated $40 billion in taxpayer money to …

Chrysler Non-TARP Creditors File Preliminary Objection; More Threat Corroboration
Wednesday, 6 May, 2009 – 21:45 | 43 Comments
Chrysler Non-TARP Creditors File Preliminary Objection; More Threat Corroboration

As allegations that the White House singularly threatened certain Chrysler creditors into taking a less than their current contractual deal regarding their investments in the company, HotAir.com has been reporting that certain non-TARP creditors are …

White House Allegedly Threatens Private Groups Over Chrysler Bailout; Denies Charges
Saturday, 2 May, 2009 – 22:40 | 30 Comments
White House Allegedly Threatens Private Groups Over Chrysler Bailout; Denies Charges

Via FoundingBloggers.com:
[via Instapundit] If what Tom Lauria says in the clip at this link is true, our government is officially a banana republic.
“One of my clients was directly threatened by the White House….that the full force of the …

Varney: Obama Administration Not Accepting TARP Repayments
Sunday, 5 Apr, 2009 – 16:41 | 15 Comments
Varney: Obama Administration Not Accepting TARP Repayments

As I originally opined here, I was for the Troubled Asset Relief Program (TARP) — specifically, TARP “1″ — because it stipulated that this money is actually a loan, garnering a 5% dividend per year for …

AIG “Bonus Tax” Unconstitutional: Courts Unlikely to Strike; Sen. Kyl Blocks Bill in Senate
Friday, 20 Mar, 2009 – 22:20 | 21 Comments
AIG “Bonus Tax” Unconstitutional: Courts Unlikely to Strike; Sen. Kyl Blocks Bill in Senate

The blogger at EstelPowell has an interesting viewpoint that could play a part in how Congress is able to deal with taxing bonuses for the sake of punishment:
What [Congress fails] to realize, is penalizing a …

AIG-Stimulus-Bailout Roundup
Thursday, 19 Mar, 2009 – 8:26 | One Comment

Congresswoman Foxx takes Democrats to task over AIG

John Boehner on AIG

Chris Dodd throws himself, lefty defenders under the bus on bonus clause in Porkulus

Embedded video from CNN Video

Video: Shep Smith goes nuclear on Barney Frank, …

Sen. Isakson Calls for 9/11-Style Investigation for Banking Crisis
Thursday, 22 Jan, 2009 – 22:28 | 4 Comments
Sen. Isakson Calls for 9/11-Style Investigation for Banking Crisis

From the AtlantaJournalConstitution:
WASHINGTON — U.S. Sen. Johnny Isakson of Georgia wants to launch a full-scale congressional investigation into the near-collapse of the banking system that has roiled financial markets worldwide.
Isakson, a Republican, and Sen. Kent …

President-Elect Team Considers Government-run Bank to Ease Credit Issues
Saturday, 17 Jan, 2009 – 20:46 | 2 Comments
President-Elect Team Considers Government-run Bank to Ease Credit Issues

From Reuters:
WASHINGTON (Reuters) – The incoming Obama administration is considering setting up a government-run bank to acquire bad assets clogging the financial system, a person familiar with the Obama team’s thinking said on Saturday.
The U.S. …

Bailout Update: Feds to Give Loans to GM, Chrysler
Saturday, 20 Dec, 2008 – 16:34 | One Comment
Bailout Update: Feds to Give Loans to GM, Chrysler

CNN reports (via redstate.com):
Bush said Friday the federal government would provide loans almost immediately to General Motors Corp. and Chrysler to prevent “an unacceptably painful blow” should the Detroit giants fail.
Bush said in normal economic …

Hedge Fund Manager Another Symptom of “Easy Money”
Monday, 15 Dec, 2008 – 21:36 | No Comment
Hedge Fund Manager Another Symptom of “Easy Money”

The Independent provides us with a great example of what has historically come to be known as “Ponzi schemes:”
Mr [Bernard] Madoff confessed last week that his business was “all one great big lie”. The investment returns were …

Bailout Update: Is Obama Set to Nationalize American Industries?
Tuesday, 9 Dec, 2008 – 14:03 | No Comment
Bailout Update: Is Obama Set to Nationalize American Industries?

Via theobamafile.com, the International Herald Tribune reports that Barack Obama is supporting using government (read: our) monies to prop up failing companies, but doesn’t want to call this “nationalism:”
When President-elect Barack Obama talked on Sunday about …

Bailout Update: Rep. Gohmert: “Give Taxpayers a Tax Holiday”
Wednesday, 3 Dec, 2008 – 11:24 | 8 Comments
Bailout Update: Rep. Gohmert: “Give Taxpayers a Tax Holiday”

This had been reported on the Sean Hannity show over the past two days; former Speaker Newt Gingrich has formally endorsed this concept. Fox News recently had an interview with the Congressman.
Texas Congressman Louie Gohmert …

The Current Economic Meltdown: From Disaster to Hope
Friday, 21 Nov, 2008 – 0:05 | One Comment

If you were to pay attention only to the mainstream media (and as a reader of this blog, clearly you do not; good for you!), you would be propagandized into thinking that either capitalism has …