Thursday, June 30, 2016

Trump Questions if Bill Begged Lynch to Spare Hillary During Tarmac Meeting

For over a year we have reported Hillary's Progress. Was Mrs. Clinton heading for The White House or the Big House. From what we've learned of the activities of 'Crooked Hillary' both as a public servant and the head of a multi million dollar 'charity' which performs charitable acts mainly for friends and associates of the Clintons and people who can be useful in Hillary's campaign for The White House.

Numerous other scandals have come to light too, for example: did Hillary perjure herself to saver her serial rapist husband from being convicted for sex crimes?

Right now it seems the biggest threat to Hillary's ambitions is not Donald Trump but the FBI as the investigation into her criminally negligent handling of state secrets while serving as Secretary of State draws to a climax. And as usual Hillary is relying on wealth and political contacts in order to avoid having to face justice and answer for her transgressions.

Following revelations that former President Bill Clinton had a private meeting with US Attorney General Loretta Lynch in the midst of his wife’s email investigation, presumptive Republican nominee Trump seized the opportunity to call foul on his Democratic counterpart.

Lynch has dismissed the controversy, insisting that the her brief conversation with Clinton on an airport tarmac in Arizona focused on social issues and small talk unrelated to Hillary Clinton’s email scandal. But that hasn’t prevented criticism from both sides of the aisle. First, as a personal friend of the Clintons, who has benefitted from their patronage, should Lynch have declared a conflict of interest and stood herself down from the 'Servergate' investigation?

Criticism of the private meeting came from both sides of American politics. Democratic Senator Chris Coons said, "I think she should have said, 'look, I recognize you have a long record of leadership on fighting crime but this is not the time for us to have that conversation. After the election is over, I welcome your advice and input,'" .

But, unsurprisingly Republican nominee Donald Trump has gone in hard:

"I think it’s the biggest story, one of the big stories of this month, of this year," the billionaire told radio host Mike Gallagher, adding that the meeting was "terrible."

"I’ve been talking about the rigged system, how it’s rigged and, you know, this is terrible…You see a thing like this and even in terms of judgement, how bad of judgement is it for him or for her to do this? I mean, who would do this?"

Who would do such a thing indeed. Some slack jawed hill billy low life who thinks its fun to stick a cigar up the minge of a junior employee and then put it in his mouth and make crass remarks maybe?

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Hints Of Portuguese, Italian Bank Bailouts Suggest Europe Is In Trouble Again

Quitaly? Will Italy follow Britain out of the EU?

Following Germany's petulant refusal to allow Italy to breach Eurozone regulations, and pump up to €40 billion in new capital into its failing banks, Italy has another cunning plan to bail out its insolvent banks. Reuters reports, the Italian government may have to inject capital directly into weaker banks to bolster their financial stability a government source said on Thursday, adding Italy's treasury was waiting for the results of stress tests being conducted by European banking authorities. The results of the tests are expected to be published at the beginning of the third quarter , i.e.
next week.

Reuters report Italian sources said the government was also working on a plan to increase the firepower of bank bailout fund Atlante, which was set up in April to help lenders raise cash and sell bad debt, by 3-5 billion euros ($3.34-5.57 billion) by the summer. The source said the government was in talks with private pension funds to seek additional contributions for Atlante.

Other contributions were expected to come from the state lender Cassa Depositi e Prestiti and from a public company called Societa per la Gestione di Attivita.

And then, surprisingly, the EU appears to have flipped when Reuters headlines emerged suggesting that Europe would provide up to €150 billion for Italian banks"

LIQUIDITY SUPPORT FOR ITALIAN BANKS INCLUDES GOVERNMENT GUARANTEES OF UP TO EUR150 BILLION --EU OFFICIAL
BANK LIQUIDITY SUPPORT WAS REQUESTED BY ITALY FOR PRECAUTIONARY REASONS --COMMISSION SPOKESWOMAN

But...

LIQUIDITY SUPPORT APPLIES ONLY TO SOLVENT ITALIAN BANKS --COMMISSION SPOKESWOMAN

Which, technically is none of them, but practically any bank can - after the sufficient non-GAAP adjustments - pass for solvent.

So is another major bank bailout event on the horizon? It appears so. And Italy may not be alone. In comments that were ignored by mainstream media yesterday, Germany's Schauble said that Portugal may soon need another bailout, saying "It would have to apply for a new program, which it would get. But the terms would be severe and it is not in Portugal's interests."

As Reuters reported, German Finance Minister Wolfgang Schaeuble pressed Portugal on Wednesday to stick to its European fiscal targets and said that if it were to apply for a new aid program the terms would be harsh. Portugal's left-leaning acting government (which was imposed after an anti EU coalition won the last election but was prevented by Brussels from taking power,) has set out to reverse its predecessor's austerity policies, aiming to grow its way out of trouble by boosting demand and set an example for other post-bailout euro zone countries. So far there is no sign of the policy working.

"Portugal would be making a big mistake if it does not stick to its commitments," Schaeuble told a news conference in Berlin.

Pressed by journalists, Schaeuble stressed that Portugal would not need a new aid program if it sticks to EU rules. "They (the Portuguese) don't want it (a new package) and they don't need it if they stick to the European rules," he said. Portugal insists it will meet this year's budget deficit target of 2.2 percent, which is half last year's gap, and that no new measures will be necessary after solid budget execution in the first five months of the year. Schuble is recognised as a world class idiot of course, and he is playing to his strengths in ignoring the fact that it was EU rules that destroyed Portugal's economy in the first place.

And on top of that huge pile of brown, smelly stuff heading towards the fan, there's this:

World's Most Systemically Dangerous Bank Crashes Back To Record Lows

And that happens to be Germany's biggest bank, Deutsche Bank. So what I mean about petulant. The Germans are playing at Billy big bollocks when dealing with bankrupt Italy and Portugal, but their own economy is not that much better off, thanks to Hausfrau - Volksfuhrer Merkel's idiotic open doors immigration policy.