Senator Dodd Scandals DC to Hollywood Favors

The 2009 financial crisis included a few other people with brewing scandals that included AIG and Countrywide. Senator Chris Dodd was the most corrupt and is now living the life of glamour and glitz. In Hollywood, the dark favors continue, where Chris Dodd roams and where Hillary Clinton winked often.

From Pro Publica:

As Hollywood Lobbied State Department, It Built Free Home Theaters for U.S. Embassies

Four U.S. Embassies got upgraded screening rooms last year, paid for by the lobbying arm of the big studios. The industry and the government say there were no strings attached.

This story was co-published with The Daily Beast.

Hollywood’s efforts to win political clout have always stretched across the country, from glitzy campaign fundraisers in Beverly Hills to cocktail parties with power brokers in Washington.

Last year, the film industry staked out another zone of influence: U.S. embassies. Its lobbying arm paid to renovate screening rooms in at least four overseas outposts, hoping the new theaters would help ambassadors and their foreign guests “keep U.S. cultural interests top of mind,” according to an internal email.

That was the same year that the Motion Picture Association of America, which represents the six biggest studios, reported it was lobbying the State Department on issues including piracy and online content distribution. Hollywood’s interests – including its push for tougher copyright rules in the Trans-Pacific Partnership trade pact – often put the industry at odds with Silicon Valley.

The only public indication of the embassy-theater initiative was a February 2015 press release from American officials in Madrid, titled “U.S. Embassy Launches State-of-the-Art Screening Room.” It credited “a generous donation” from the MPAA.

Asked about its gifts to the State Department, the lobby group declined to say how many embassies got donations or how much they were worth.

“Because film is a great ambassador for U.S. culture around the world, MPAA assisted with the upgrade of some embassy theater facilities,” said spokeswoman Kate Bedingfield. “All gifts complied with the law as well as with State Department ethics guidelines.”

Nicole Thompson, a State Department spokeswoman, said at least three embassies besides Madrid received between $20,000 and $50,000 in entertainment upgrades last year – London, Paris and Rome. The revamped screening rooms, she said, aren’t intended to entertain U.S. officials, but rather to help them host screenings to promote an American industry and sow goodwill.

Thompson said the donations were proper and that all gifts to the department are reviewed to avoid even the appearance of a conflict of interest. “The department has explicit authorities to accept gifts made for its benefit or for carrying out any of its functions,” she said.

The State Department routinely accepts gifts from outside groups, Thompson said. She couldn’t provide any other examples of major gifts from groups that simultaneously lobby the agency. Thompson declined to list the items given by the MPAA or their total value, and wouldn’t say whether the group had made similar gifts in the past.

There was at least one precedent. A spokesman for Warner Bros. Entertainment said the studio helped pay for the refurbishment of the screening room at the U.S. ambassador’s home in Paris in 2011. “This donation was coordinated with the State Department and complied with all appropriate rules and regulations,” the spokesman said.

State Department policies posted online specifically permit gifts from individuals, groups or corporations for “embassy refurbishment, ” provided that the donors are vetted to ensure there’s no conflict or possible “embarrassment or harm” to the agency. The posted policies include no caps on the value of donations, nor any requirements for public disclosure of foreign or American donors. The rules also say that the donations can’t come with a promise or expectation of “any advantage or preference from the U.S. Government.”

Obtaining an advantage, albeit a nonspecific one, sounded like the goal when a Sony Pictures Entertainment official wrote to the studio’s chief executive officer, Michael Lynton, to relay a request to fund the screening rooms from Chris Dodd, the former U.S. senator who heads the MPAA. The executive writing the note – Keith Weaver – sought to assure the CEO that such a donation wouldn’t be improper.

“The rationale being that key Ambassadors will keep U.S. cultural interests top of mind, as they screen American movies for high level officials where they are stationed,” reads the message, included in a cache of emails hacked from Sony and which were posted online by the website WikiLeaks.

“The cost implication is estimated to be $165k (aggregate of $$$/in-kind) per embassy/per studio. Apparently, donations of this kind are permissible.”

Besides Sony, the MPAA represents Disney, Paramount, Twentieth Century Fox, Universal Studios and Warner Bros. Entertainment. The e-mails suggest that Sony executives decided against contributing to the project for budget reasons.

The MPAA has long been a powerful presence in the nation’s capital, spending $1.34 million on federal lobbying last year, according to data compiled by the Center for Responsive Politics. One of its flashier tools has been to host exclusive gatherings at its Washington screening room, two blocks from the White House, where lawmakers get to watch blockbuster films, rub elbows with celebrities, and up until several years ago, enjoy dinner – a perk scuttled because of stricter rules on congressional lobbying.

Hollywood studios depend on foreign markets for much of their profit but the MPAA’s interests don’t always align with those of other major American constituencies. For example, Hollywood studios have moved some film production to Canada to cut costs. American film workers have tried to get the federal government to stop the outsourcing of jobs, but have been met with resistance from the MPAA.

The trade group has also pushed federal officials to pressure foreign governments into adopting stricter copyright laws. An MPAA-funded study found that in 2005 worldwide piracy cost American studios $6.1 billion in revenue. That number has been disputed by digital rights advocates.

For the TPP trade deal, the MPAA has discouraged the American government from exporting “fair use” protections to other countries. In a hacked message from Dodd to the U.S. Trade Representative, the MPAA chief warned that including such provisions, which in American law allow limited use of copyrighted materials without permission, would be “extremely controversial and divisive.” Digital rights activists have characterized the efforts as overzealous.

“They’re basically encouraging other countries to adopt the most draconian parts of U.S. copyright law and even to reinterpret U.S. copyright law to make it more stringent,” said Mitch Stoltz, an attorney for the Electronic Frontier Foundation. “Broadly speaking broadening copyright law harms free speech in many cases by creating a mechanism for censorship.”

The state-of-the-art screening rooms are a relatively minimal investment by Hollywood as it works to strengthen connections abroad.

This spring, the U.S. ambassador to Spain, James Costos, brought a group of foreign officials to Los Angeles for a meeting hosted by the MPAA. Among them were representatives from the Canary Islands, who came prepared to discuss filming opportunities and tax incentives for American studios in the Spanish territory. The State Department touted the trip as an opportunity to “expand bilateral trade and investment, including through ties between the entertainment industries.”

It’s not known whether the path to that particular meeting was eased by the new screening room in Madrid. At the theater’s debut in February, the ambassador’s guests were treated to a dark tale of corruption, lobbying and double-dealing in Washington – the Netflix series “House of Cards.”

 

 

Forget the Confederate Flag, Alert on Immigration!

From the Washington Times:

The Obama administration still hasn’t fully rescinded the 2,000 three-year amnesties it wrongly issued four months ago in violation of a court order, government lawyers recently admitted in court, spurring a stern response from the judge who said the matter must be cleaned up by the end of July — or else.

It’s the latest black eye for President Obama’s amnesty policy and the immigration agency charged with carrying it out. The agency bungled the rollout, issuing three-year amnesties even while assuring the judge it had stopped all action hours after a Feb. 16 injunction.

U.S. Citizenship and Immigration Services, the agency responsible for overseeing the amnesty, said it’s trying to round up all of the permits, sending out two-year amnesties and pleading with the illegal immigrants to return the three-year cards.

But they are having trouble getting some of the lucky recipients to send them back.

“USCIS is carefully tracking the returns of the three-year EAD cards, and many have been returned within weeks,” the agency said in a statement to The Washington Times. “USCIS continues to take steps to collect the remaining three-year EAD cards.”

The agency didn’t answer specific questions about how many remain outstanding, nor about what methods will be used to claw back the ones that folks refuse to return.

The three-year deportation amnesty was part of Mr. Obama’s November 2014 announcement when he proposed granting a three-year tentative deportation amnesty to millions of illegal immigrants. It was to be a massive expansion, in both eligibility and duration, of his 2012 amnesty, which granted two-year amnesty to so-called Dreamers.

Judge Andrew S. Hanen blocked the expansion in February, issuing an injunction that remains in place even as the administration appeals it to a higher court. The next hearing on that appeal is due July 10.

But Judge Hanen was shocked to learn that USCIS issued the 2,000 three-year amnesties even after he’d issued his injunction.

“I expect you to resolve the 2,000; I’m shocked that you haven’t,” Judge Hanen told the Justice Department at a hearing last week, according to the San Antonio Express-News. “If they’re not resolved by July 31, I’m going to have to figure out what action to take.”

Homeland Security says it’s changed the duration of the work permits from three years to two years in its computer systems, but getting the cards returned from the illegal immigrants themselves is tougher.

The office of Texas Attorney General Ken Paxton, who is leading the lawsuit challenging the amnesty and who won the February injunction against the policy, didn’t respond to a request for comment on the outstanding permits.

Josh Blackman, an assistant professor at the South Texas College of Law, who has filed briefs in the case opposing the Obama administration’s claims, said he believes the administration is trying to comply in good faith with Judge Hanen’s order, but USCIS’s difficulties show how difficult managing the full amnesty would be.

“The entire nature of this case was that agents were given a free rein to approve as many applications as possible. DHS can’t keep track of its own agents and who’s being approved for deferrals and work authorization,” he said.

Mr. Obama announced the policy in order to circumvent Congress, which is moving the other direction away from legalization and toward a crackdown on most illegal immigrants. Read much more here if you dare.

Don’t go away mad just yet….sure there is more and Jeh Johnson is quietly very busy.

Obama administration goes for integration over deportation for illegal immigrants

Washington Post:

The Obama administration has begun a profound shift in its enforcement of the nation’s immigration laws, aiming to hasten the integration of long-term illegal immigrants into society rather than targeting them for deportation, according to documents and federal officials.

In recent months, the Department of Homeland Security has taken steps to ensure that the majority of America’s 11.3 million undocumented immigrants can stay in this country, with agents narrowing enforcement efforts to three groups of illegal migrants: convicted criminals, terrorism threats or those who recently crossed the border.

While public attention has been focused on the court fight over President Obama’s highly publicized executive action on immigration, DHS has with little fanfare been training thousands of immigration agents nationwide to carry out new policies on everyday enforcement.

The legal battle centers on the constitutionality of a program that would officially shield up to 5 million eligible illegal immigrants from deportation, mainly parents of children who are U.S. citizens and legal permanent residents. A federal judge put the program, known by the acronym DAPA, on hold in February after 26 states sued.
The new policies direct agents to focus on the three priority groups and leave virtually everyone else alone. Demographic data shows that the typical undocumented immigrant has lived in the United States for a decade or more and has established strong community ties.

While the new measures do not grant illegal immigrants a path to citizenship, their day-to-day lives could be changed in countless ways. Now, for instance, undocumented migrants say they are so afraid to interact with police, for fear of being deported, that they won’t report crimes and often limit their driving to avoid possible traffic stops. The new policies, if carried out on the ground, could dispel such fears, advocates for immigrants say.


Deportations, for example, are dropping. The Obama administration is on pace to remove 229,000 people from the country this year, a 27 percent fall from last year and nearly 50 percent less than the all-time high in 2012.

Fewer people are also in the pipeline for deportation. The number of occupied beds at immigration detention facilities, which house people arrested for immigration violations, have dropped nearly 20 percent this year.

And on Johnson’s orders, officials are reviewing the entire immigrant detainee population — and each of the 400,000 cases in the nation’s clogged immigration courts — to weed out those who don’t meet the new priorities. About 3,000 people have been released from custody or had their immigration cases dropped, DHS officials said. There is more found here.

Now you can channel your anger where it needs to go, the White House, the Department of Justice and the Department of Homeland Security.

Don’t shoot the messenger. ;~)

 

 

 

 

 

 

The Most Corrupt U.S. Govt Bank Goes Dark

This is a small win for conservatives, but more it stops epic abuse and pay to play operations. The Exim Bank is for small business to be able to get global access. Would you consider Boeing or General Electric to be small?

 

(CNSNews.com) – Three corporations together received 44 percent of the Export-Import Bank’s $32.7 billion in assistance in 2011 – a total of $13.5 billion in federal financial aid. The three were Boeing, General Electric and international engineering firm Black and Veatch International.

Boeing alone received 38 percent of the bank’s financial assistance, or $12.4 billion ($11.7 billion for the mother company and another $700 million for its Boeing Satellite Systems subsidiary.)

General Electric received $1.2 billion while Black and Veatch received $805 million, according to the bank’s 2011 annual report.

The Export-Import Bank, whose authorization runs out in seven weeks’ time, is opposed by some conservatives who argue that it provides corporate welfare and below-market financing.

***  “The global economy is more integrated than ever … If we’re going to grow, it’s going to be because of exports. We’re on track to double our exports – a goal that I set when I came into office. Part of the reason for that is the terrific work that’s being done by our Export-Import Bank.”
President Barack Obama
November 12, 2011

It should be noted that the White House and the State Department had their hands all over this loan give-away agency. Note this is a State Department website link proving collusion and pay to play.

From the Washington Examiner:

Export-Import Bank enters ‘liquidation’ tomorrow night at midnight

Tuesday night at midnight, the 2014 reauthorization of the Export-Import Bank expires. The agency, under law, doesn’t evaporate immediately. Instead, per the law, Ex-Im enters “liquidation,” which is basically Chapter 7 bankruptcy.

Specifically, Ex-Im’s authorization allows it to continue to exist for one purpose: “exercising any of its functions subsequent to such date for purposes of orderly liquidation….”

Liquidation is Chapter 7 bankruptcy — which is exit, extinction. It is not Chapter 11 bankruptcy, which is what companies enter temporarily in order to reorganize and then come back. Ex-Im workers, when they return Wednesday morning, are supposed to be in the business of dismantling Ex-Im.

As I read it, that means Ex-Im is supposed to sell off the loans and guarantees on which it is currently sitting — not in a fire sale, but in an orderly fashion.

This isn’t a “lapse.” This is liquidation. I know many Ex-Im employees simply see this as a temporary lapse in lending authority, but that view is contrary to the law.

It will be interesting to see how Ex-Im officials follow the law.

Here is the full text of the relevant section of the law:

Export-Import Bank of the United States shall continue to exercise its functions in connection with and in furtherance of its objects and purposes until the close of business on September 30, 2014, but the provisions of this section shall not be construed as preventing the bank from acquiring obligations prior to such date which mature subsequent to such date or from assuming prior to such date liability as guarantor, endorser, or acceptor of obligations which mature subsequent to such date or from issuing, either prior or subsequent to such date, for purchase by the Secretary of the Treasury or any other purchasers, its notes, debentures, bonds, or other obligations which mature subsequent to such date or from continuing as a corporate agency of the United States and exercising any of its functions subsequent to such date for purposes of orderly liquidation, including the administration of its assets and the collection of any obligations held by the bank.

 

 

So Goes Greece?

Could Russia be looming in the dark?

At 3 am this morning in Greece:

Greece’s parliament has voted in favor of Prime Minister Alexis Tsipras‘ motion to hold a referendum on the country’s creditor proposals for reforms in exchange for loans. Tsipras and his coalition government have urged people to vote against the deal, throwing into question the country’s financial future.

The vote is to be held next Sunday, July 5. It has raised the question of whether Greece can remain in Europe’s joint currency, the euro. Many Greeks alarmed by the announcement for the referendum early Saturday morning formed queues at ATM machines, putting a further strain on banking deposits.

FRANKFURT: Greek banks have been heavily dependant on ” Emergency Liquidity Assistance” (ELA) since being cut off from standard European Central Bank funding options in early February.  These are effectively loans given at the discretion of the national central bank of the country in question, although they have to be approved by the ECB.

The ECB adds that the national central banks may provide ELA “against adequate collateral” and only to “illiquid but solvent” credit institutions.

Any changes to the limits of ELA require a two-thirds majority in the ECB’s 25-member Governing Council. The Governing Council approves maximum ELA amounts for each individual bank.

The exact details of ELA are not published but the average interest rate charged on it is estimated to be around 100 to 150 basis points above the ECB’s benchmark interest rate. That rate is currently 0.05 percent.

The collateral banks post when using ELA is typically of a lower average quality than is normally accepted by the ECB. But a larger ‘haircut’ – or discount – is also usually applied to counterbalance some of the risks.

A key justification for ELA provision is to “prevent or mitigate potential systemic effects as a result of contagion through other financial institutions or market infrastructures.”

ELA loans sit on the balance sheet of the national central bank and therefore that of the Eurosystem of central banks (the euro zone’s 19 national central banks plus the ECB), but not directly on the ECB’s own balance sheet.

Is a Plan B in the works? Sunday’s emergency meeting could spell out that answer.

‘Plan B’ looms after Greece and Europe fall out

Brussels (AFP) – With Greece’s creditors refusing to extend its bailout, attention has turned swiftly to preventing massive capital flight as worried Greek citizens pull cash from ATMs.

Fears that the banks may not open Monday have prompted the European Central Bank to meet but officials say it will be up to Greece to stem an outflow that has already reached dangerous levels.

“If there isn’t capital controls by Tuesday at the latest, it’s over,” said a European source close to the negotiations.

“Greek banks are near liquidation and can no longer remain solvent. Once the banks fail, ‘Grexit’ will become irreversible,” the source said.

Talks on Saturday collapsed with the Greek contingent leaving the remaining 18 eurozone ministers to consider the consequences of a default.

In a statement, the ministers appeared to urge Greece towards capital controls, saying that the expiry of the bailout “will require measures by the Greek authorities, with the technical assistance of the institutions, to safeguard the stability of the Greek financial system.”

The withdrawals today were “exceptionally high,” warned the influential German Finance Minister Wolfgang Schaeuble at the talks on Saturday.

Faced with this calamity, Natixis analysts Jesus Castillo and Alan Lemagnen said the Greek government could decide a bank holiday, an order that the nation’s banks remain closed to avoid a run by customers.

Similar moves were made in 2013, when Cyprus imposed drastic limitations on cash withdrawals and money transfers abroad when its banks faced crisis — in large part due to contagion from the crisis in Greece.

– ‘Fight contagion’ –

“We will do everything to fight against any possible danger of contagion,” Schaeuble added.

If the scenario were repeated in Greece now, European leaders would act to prevent the same contagion that flowed from Greece in 2012 to other troubled eurozone members like Spain, Portugal and Ireland.

That disruption was caused by spooked investors shunning the bonds of vulnerable countries, sending their borrowing rates unsustainably high. At the same time, banks in healthier eurozone countries holding debt of weak eurozone nations were suddenly seen as a risk.

But risk of renewed contagion has been greatly reduced by firewalls built since 2010 by eurozone authorities, and the creation of a European banking union to police lenders and oversee a collective response to the crisis.

And in the meantime, most European banks have significantly wound down their exposure to Greece and other troubled eurozone members.

The ECB also now has tools unavailable to it in 2010. It is in the midst of successful quantitive easing programme injecting liquidity into the eurozone economy, and could easily step up its purchases of sovereign bonds if investors dump debt.

It could also deploy the thus far unused “outright monetary transactions” to purchase sovereign debt — a plan it unveiled in 2012 to calm panicked markets, and which has recently cleared legal challenges from opponents.

Until Saturday’s debacle in Brussels, the ECB bought time to allow discussions to continue, pumping cash into the teetering Greek financial system.

To achieve that, the Frankfurt-based central bank maintained its emergency liquidity funding to Greek banks to prevent their collapse — and in doing so withstood heated opposition from Germany.

So far ECB chief Mario Draghi has refused to cut emergency funding for Greek banks, but that decision is expected to be soon reversed.

The central bank’s governing council is set to hold an emergency meeting on Sunday, and a decision to end the lifeline is increasingly expected.

Obama, the Conductor of Chaos

Barack Obama holds the baton to an anti-American orchestra of tuned, tested, rehearsed instruments. The production is mismanaged, sour to the ears and causes people to leave the arena when the verses are not American and in cadence with allies. The entire governmental score is tyrannical and abusive.

His performance however, is well driven by inside marxist, communists and socialist operators who themselves have tuned, tested and rehearsed instruments where it is in harmony with enemies of America. How about Hugo Chavez, Mohammed Morsi or the Taliban? Then there is Iran.

Three branches of government have been reduced to one, where Conductor Obama has ruled with a pen and a phone and otherwise political extortion. Up to the point where Senate majority leader, Harry Reid lost his leadership post, he functionally stopped and paralyzed the people’s work on Congress to protect Barack Obama.

All the while, Maestro Obama had his was working his intonations on the Supreme Court with his choice picks of Elena Kagan and Sonia Sotomayor, swinging the black robe influence to a more left octave. The court is broken when one sees the real dissention between the justices when not on the bench.

Obama has led an opus where the very social and civil structure in America has been thrown into turmoil. Border Patrol has no clue how to enforce immigration laws, they abide to DHS memos written by Secretary Jeh Johnson. Historical flags and icons are to be removed and gender designated bathrooms are now without any designation.

The fundamental security of government personnel and documents of several agencies has been compromised by an epic cyber intrusion and that finale is from over as the damage will be ongoing for years.

The very personal concern of having access to healthcare has reached a crisis pitch such that insurance deductibles are financially bending and having a doctor’s appointment is a future dream. Nothing is more demonstrative of this condition than that of the Veteran’s Administration where there is a slow death waltz.

Barack Obama performed a medley of government fraud and extortion using the IRS, the EPA, the DoJ, ATF, Education, HUD and HHS to name a few.

Off our shores, conditions are much worse. Barack Obama has modulated a score of retreat while his measure of sympathy to Islam in pure nocturne. His administration led of early in 2009 with the Cairo speech where the ligature plays out today throughout the Muslim world. The retreat from Iraq and his shallow threat of a ‘red-line’ have prove deadly in the whole region, a modern day holocaust. And mostly sadly of all was allowing 4 Americans to perish in Libya with no hope of security, support or rescue.

The most grave of the Obama coda is the terror and dying of Christians.

The building crescendo of Obama will be the nuclear agreement with Iran where Israel, Saudi Arabia, Europe and America as the great Satan will be his encore.

The stretto of the Obama symphony is defined here in an excellent summary by Stephen Hayes of The Weekly Standard.

There are several months left for the conductor of chaos to work his baton and that tremolo is clearly upon us and the world.