Trump will use CARES bailout money to fund his campaign warns Bernie.
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and there it is...
https://abcnews.go.com/Politics/wir...tchdog-tapped-virus-rescue-oversight-70023103
Trump removes watchdog tapped for virus rescue oversight
President Donald Trump has sidelined the inspector general who was tapped to chair a special oversight board of the $2.2 trillion rescue package for businesses and individuals affected by the coronavirus
WASHINGTON -- President Donald Trump has removed the inspector general who was tapped to chair a special oversight board of the $2.2 trillion economic package intended to help businesses and individuals affected by the coronavirus, officials said Tuesday.
Glenn Fine, the acting Defense Department inspector general and a veteran watchdog, had been selected by peers last month for the position. Now it’s unclear who will oversee the rescue law.
The move threatens to upend the rigorous oversight that Democrats in Congress had demanded of the huge sums of money being pumped into the American economy because of the virus.
“The president now has engaged in a series of actions designed to neuter any kind of oversight of his actions and that of the administration during a time of national crisis, when trillions of dollars are being allocated to help the American people,” Democratic Rep. Adam Schiff of California told The Associated Press.
The action follows Trump’s late-night firing on Friday of Michael Atkinson, the intelligence community inspector general who forwarded to Congress a whistleblower complaint that ultimately led to the president’s impeachment, as well as Trump's public condemnation of the acting Health and Human Services watchdog over a survey of hospitals about the coronavirus response.
Trump has also bristled at the oversight of the coronavirus law, suggesting in a statement last month that some of the mandates from Congress are unconstitutional.
Michael Horowitz, the Justice Department inspector general and chair of a council of watchdogs, had moved quickly last month to appoint Fine the head of the new coronavirus oversight board.
But Fine will not longer be able to serve in the role because Trump has nominated a replacement inspector general at the Pentagon and appointed an acting one to serve in Fine's place, according to an email from an assistant Defense Department inspector general that was obtained by The Associated Press.
The demotion disqualifies Fine from serving on the oversight board, which was created by Congress to be the nexus of oversight for coronavirus funding. He will instead revert to the position of principle deputy inspector general.
https://abcnews.go.com/Politics/wir...tchdog-tapped-virus-rescue-oversight-70023103
Trump removes watchdog tapped for virus rescue oversight
President Donald Trump has sidelined the inspector general who was tapped to chair a special oversight board of the $2.2 trillion rescue package for businesses and individuals affected by the coronavirus
WASHINGTON -- President Donald Trump has removed the inspector general who was tapped to chair a special oversight board of the $2.2 trillion economic package intended to help businesses and individuals affected by the coronavirus, officials said Tuesday.
Glenn Fine, the acting Defense Department inspector general and a veteran watchdog, had been selected by peers last month for the position. Now it’s unclear who will oversee the rescue law.
The move threatens to upend the rigorous oversight that Democrats in Congress had demanded of the huge sums of money being pumped into the American economy because of the virus.
“The president now has engaged in a series of actions designed to neuter any kind of oversight of his actions and that of the administration during a time of national crisis, when trillions of dollars are being allocated to help the American people,” Democratic Rep. Adam Schiff of California told The Associated Press.
The action follows Trump’s late-night firing on Friday of Michael Atkinson, the intelligence community inspector general who forwarded to Congress a whistleblower complaint that ultimately led to the president’s impeachment, as well as Trump's public condemnation of the acting Health and Human Services watchdog over a survey of hospitals about the coronavirus response.
Trump has also bristled at the oversight of the coronavirus law, suggesting in a statement last month that some of the mandates from Congress are unconstitutional.
Michael Horowitz, the Justice Department inspector general and chair of a council of watchdogs, had moved quickly last month to appoint Fine the head of the new coronavirus oversight board.
But Fine will not longer be able to serve in the role because Trump has nominated a replacement inspector general at the Pentagon and appointed an acting one to serve in Fine's place, according to an email from an assistant Defense Department inspector general that was obtained by The Associated Press.
The demotion disqualifies Fine from serving on the oversight board, which was created by Congress to be the nexus of oversight for coronavirus funding. He will instead revert to the position of principle deputy inspector general.
Says Bernie, one of the most corrupt Dems in the business of corruption. He doesn't take that crown away from Ol' corrupt Creepy Joe though!
Trump to dish out the money to whom he chooses in secret , kickbacking guaranteed ,
At the end of his term Trump will be richer than Buffet and Gates combined. . . . . ya gotta hand it to him.
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‘Extremely alarming’: Coronavirus stimulus law allows the Federal Reserve to hold secret meetings on corporate bailouts
A brief and obscure provision buried in the nearly 900-page coronavirus stimulus package passed by Congress last month authorizes the Federal Reserve to skirt longstanding transparency and accountability requirements as it doles out trillions of dollars in taxpayer money to large corporations.
The provision of the CARES Act allowing the Fed to avoid oversight kicked up some outrage on social media in late March as the bill headed toward final passage but has since received hardly any media scrutiny, despite the vast sum of relief money the central bank is tasked with distributing.
The emergency legislation would empower Federal Reserve officials to direct hundreds of billions of dollars to corporations—and the same legislation would also allow those Federal Reserve officials to avoid longstanding sunshine/transparency laws.”
“The new law would absolve the board of the requirement to keep minutes to closed-door meetings as it deliberates [over the corporate bailout fund],” Politico reported Thursday morning. “That would severely limit the amount of information potentially available to the public on what influenced the board’s decision-making. The board would only have to keep a record of its votes, though they wouldn’t have to be made public during the coronavirus crisis.”
“The provision dispenses with a longstanding accountability rule that the board has to give at least one day’s notice before holding a meeting,” Politico noted.
The CARES Act created a nearly $500 billion bailout fund designed to provide relief to large corporations. Around $450 billion of that fund was placed under the control of the Federal Reserve, which can leverage the $450 billion into $4.5 trillion.
At the end of his term Trump will be richer than Buffet and Gates combined. . . . . ya gotta hand it to him.
.‘Extremely alarming’: Coronavirus stimulus law allows the Federal Reserve to hold secret meetings on corporate bailouts
A brief and obscure provision buried in the nearly 900-page coronavirus stimulus package passed by Congress last month authorizes the Federal Reserve to skirt longstanding transparency and accountability requirements as it doles out trillions of dollars in taxpayer money to large corporations.
The provision of the CARES Act allowing the Fed to avoid oversight kicked up some outrage on social media in late March as the bill headed toward final passage but has since received hardly any media scrutiny, despite the vast sum of relief money the central bank is tasked with distributing.
The emergency legislation would empower Federal Reserve officials to direct hundreds of billions of dollars to corporations—and the same legislation would also allow those Federal Reserve officials to avoid longstanding sunshine/transparency laws.”
“The new law would absolve the board of the requirement to keep minutes to closed-door meetings as it deliberates [over the corporate bailout fund],” Politico reported Thursday morning. “That would severely limit the amount of information potentially available to the public on what influenced the board’s decision-making. The board would only have to keep a record of its votes, though they wouldn’t have to be made public during the coronavirus crisis.”
“The provision dispenses with a longstanding accountability rule that the board has to give at least one day’s notice before holding a meeting,” Politico noted.
The CARES Act created a nearly $500 billion bailout fund designed to provide relief to large corporations. Around $450 billion of that fund was placed under the control of the Federal Reserve, which can leverage the $450 billion into $4.5 trillion.
Good idea. Trump can a page from the dem playbook.
https://www.washingtonpost.com/busi...11-billion-taxpayer-backed-coronavirus-loans/
Trump administration won’t say who got $511 billion in taxpayer-backed coronavirus loans
Trump administration won’t say who got $511 billion in taxpayer-backed coronavirus loans