The Iranian Bundler

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HSBC sues accused Democratic fund-raiser in New York

NEW YORK (Reuters) - A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last month with defrauding Citigroup Inc is being sued by HSBC for deceiving it into lending him $100 million.

The lawsuit filed in New York State Supreme Court in early September accused private equity firm head Hassan Nemazee, 59, of engaging in an elaborate scheme to make HSBC Bank USA believe that its loan was secured by collateral in the form of U.S. Treasury Notes when it was not.

Nemazee, who sits on the board of the Iranian American Political Action Committee, typically donates more than $100,000 annually to Democratic political candidates.

[more]

HSBC sues accused Democratic fund-raiser in New York | Politics | Reuters

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Say it isnt so!?!

 

[FredFlash]

HSBC sues accused Democratic fund-raiser in New York | Politics | Reuters

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Say it isnt so!?!

By DEBORAH SOLOMON

WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

Economists say the money out the door -- combined with the expectation of additional funds flowing soon -- is fueling growth above where it would have been without any government action.

Many forecasters say stimulus spending is adding two to three percentage points to economic growth in the second and third quarters, when measured at an annual rate.

The impact in the second quarter, calculated by analyzing how the extra funds flowing into the economy boost consumption, investment and spending, helped slow the rate of decline and will lay the groundwork for positive growth in the third quarter -- something that seemed almost implausible just a few months ago.

Some economists say the 1% contraction in the second quarter would have been far worse, possibly as much as 3.2%, if not for the stimulus.
U.S. Economy Gets Lift From Stimulus - WSJ.com

 

[itsbob]

By DEBORAH SOLOMON

WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

Economists say the money out the door -- combined with the expectation of additional funds flowing soon -- is fueling growth above where it would have been without any government action.

Many forecasters say stimulus spending is adding two to three percentage points to economic growth in the second and third quarters, when measured at an annual rate.

The impact in the second quarter, calculated by analyzing how the extra funds flowing into the economy boost consumption, investment and spending, helped slow the rate of decline and will lay the groundwork for positive growth in the third quarter -- something that seemed almost implausible just a few months ago.

Some economists say the 1% contraction in the second quarter would have been far worse, possibly as much as 3.2%, if not for the stimulus.
U.S. Economy Gets Lift From Stimulus - WSJ.com

You must be a HUGE Bush supporter as many times as you've posted about BUSH's economic stimulus working..

 

[FredFlash]

Candid Camera: Behind the scenes video at 9/12 protest shows Fox News producer coaching crowd | Media Matters for America

 

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Why are you so terrified of addressing this? You're making socisliats like you look very cowardly.

Say it isnt so.

 

[Lenny]

Why are you so terrified of addressing this? You're making socisliats like you look very cowardly.

.....or really, really stupid.

 

[FredFlash]

Lenny:

Do you know why Glenn Beck falsely accused President Obama of being a racist?