Five days before Congress passed the CARES Act on March 25 of this year, President Donald Trump issued an Executive Memorandum giving U.S. Treasury Secretary Steve Mnuchin complete discretion to use $50 billion in the Treasury’s Exchange Stabilization Fund (ESF) as Mnuchin solely saw fit. The Memorandum was dated Friday, March 20. On the prior Tuesday and Wednesday of that same week, Mnuchin had already used $20 billion of the Exchange Stabilization Fund to bail out Wall Street. As Mnuchin’s letter of November 19 to Fed Chair Jerome Powell confirms, he gave (or committed) $10 billion from the ESF to the Fed’s Commercial Paper Funding Facility on March 17 and another $10 billion to another Fed emergency lending program, the Money Market Mutual Fund Liquidity Facility, on March 18.
Tag: Cares Act
State, Local Governments to Send Direct Payments to Residents as Stimulus Checks Get Left Out of Congressional Relief Plan
Despite Democrat and Republican support for another round of stimulus checks, partisan divisions have held up another federal relief package for months. Democrats are largely pushing for a more comprehensive package, while Republicans are looking at more limited and targeted relief. On Tuesday, a group of lawmakers unveiled a bipartisan plan that would provide federal unemployment insurance, assistance for small businesses, and help for the transportation industry, which has been hit particularly hard. Aid would also go to state and local governments.
That plan didn’t include another round of stimulus checks, but lawmakers said it provides necessary relief, especially with regard to unemployment assistance, which is set to expire at the end of the year.
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF
Charles Koch Attempts an Apology Tour after He and His Father Financed a Political Hate Machine for Six Decades
As millions of Americans face eviction, have no money for Christmas presents for their children, food pantry lines stretch for miles, and the COVID-19 crisis escalates across the country, it’s critical to remember the role that Charles Koch has played in turning much of the U.S. into a heartless kleptocracy.
Citigroup Is Slapped with a $400 Million Fine for Doing Something So Bad It Can’t Be Spoken Out Loud
Expropriate, Capture & Marginalize: the Energix business model from Palestine to the US
Energix expropriated 24 acres from a Palestinian community in the Israeli-occupied West Bank to boost its bottom line. When residents in the Israeli-occupied Golan questioned Energix electricity exports from massive wind turbines built on occupied land, Energix sued them in Israeli court.
Now Energix has brought its business practices to America. But can Energix get away with expropriating $26,000 from each home within 100 feet of its utility scale energy generators in Virginia? Will county boards of supervisors accept quiet Energix payoffs of $50,000 in exchange for 35-year licenses? Will the officials and associates of the Virginia Israel Advisory Board be allowed to engage in self-dealing with Energix and use false claims to propel Energix and other corrupt VIAB deals forward?
IRmep presents a short documentary about the Energix business model based on 90 Freedom of Information Act requests filed under the Commonwealth of Virginia sunshine law.
For FOIA information about Energix, see here.
Download the slides used in this video, here.
Expropriate, Capture & Marginalize: the Energix business model from Palestine to the US
How COVID-19 stimulus money will end up in U.S. tobacco farmers’ pockets
How COVID-19 stimulus money will end up in U.S. tobacco farmers’ pockets
U.S. government aid payments to tobacco farmers will be channeled through a new account within the office of the agriculture secretary, an unusual move that bypasses the normal mechanism for distributing farm aid and stokes concerns about how the government is using COVID-19 stimulus.
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The payments would benefit farmers in North Carolina, a swing state in the Nov. 3 presidential election and the country’s top tobacco producer. President Donald Trump and Democratic presidential candidate Joe Biden are locked in a dead heat among likely voters in North Carolina, according to a Reuters/Ipsos opinion poll released on Tuesday.
Election ploy!
Ms. Cat’s Chronicles 
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