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Category: Billionaires

The Truth Buried Alive

Greg Palast 

Of the thousands of bless you and f**** you messages that arrived at The Guardian papers after we broke the Florida vote swindle story in November 2000, none ruffled my editors' English reserve but one: a letter demanding we ...more

Paul “The Vulture” Singer Targets Hyundai

Greg Palast 

While Donald Trump and Kim Jong Un are playing double-or-nothing with the survival of Koreans, Trump’s billionaire sugar-daddy is taking advantage of political upheaval to attempt a seizure of one South Korea's major employers: Hyundai Motor. Paul Singer, known as The Vulture, is mounting an attack on ...more

TrumpCare dies, XL flies
and the Secret Winner is…

Greg Palast 

by Greg Palast for OpedNews

Koch Brothers celebrate their victory (from The Best Democracy Money Can Buy)

When RyanCare-TrumpCare finally ended up face-down in the swimming pool, triumphalist Democrats whooped and partied and congratulated themselves on defeating the Trump-Ryan monstrosity.

But deep in their counting house, counting their gold, three brothers cackled with private jubilation.

David and Charles Koch knew the day was theirs.

Joining them in the celebration was Brother Billy, William Koch, who will share in their $21 billion windfall that the President arranged for them only hours before TrumpCare crashed””when Trump announced his State Department had formally approved the Keystone XL Pipeline.

Let’s start with that $21 billion.

The XL Keystone Pipeline would take the world’s heaviest, filthiest crude from Canada’s tar sands, and snake with it all the way down to Texas.

From Greg Palast’s film The Best Democracy Money Can Buy: A Tale of Billionaires and Ballot Bandits
Now here’s a question I never hear from our sleep-walking media: Exactly why are we sending oil all the way across the United States to Texas. I mean, doesn’t Texas already have a little oil?

In fact, Texas is drowning in oil, choking in it. But the Kochs’ Texas refinery can’t use much local crude. The Koch Industries Flint Hills refinery on the Texas Gulf Coast was designed specifically to crack only the world’s “heaviest” (i.e. filthiest) crude.

Texas crude ain’t heavy enough, ain’t dirty enough, for the Kochs’ Gulf Coast operation, originally designed for imports for the world’s major source of heavy crude: Venezuela. The price the Kochs paid for Venezuela’s oil was set by its President Hugo Chavez, and now, by Chavez’ chosen successor, Nicolas Maduro.

Chavez and Maduro both told me they’d squeeze the Kochs by their tankers. They have.

Enter the Mounties: Canadians sell their super-heavy crude at a $12 to $30 a barrel discount to the Venezuelan price. If the XL Pipeline is complete, the Kochs can suck down Canada’s cheap cruddy crude for a minimum savings of $1.27 billion in a single year.

The Kochs pocket billions while we fry: burning the Canadian tar sands reserve will, all by itself, raise the temperature of the entire planet by 0.7 degrees Fahrenheit.

Over the life of the XL Keystone Pipeline, the various Koch operations will put at minimum …more

Trump and the 13 Losers behind him

Greg Palast 

With Dennis J Bernstein for Nation of Change
trump-economic-advisorsDonald Trump announced the formation of his Economic Advisory Council. Aside from a token academic that he’d never actually bothered to meet prior to the announcement, the all-male panel read like a rogues list ripped straight from the pages of Billionaires & Ballot Bandits by investigative reporter Greg Palast. Trump’s inner circle, which after an outcry over the glaring gender bias was supplemented by eight women, features some of the worst offenders when it comes to political powerbrokering for personal gain. But that’s just pay-to-play politics, and is therefore not so surprising. What did raise some eyebrows was Trump’s decision to embrace a group of guys he’d previously lambasted for “getting away with murder” due to their super-sized tax breaks: hedge fund managers, whom he’d also said half the time had “luck more than talent.” But The Donald can no longer afford to be picky, since the billionaire on “reality” TV only needs some actual real cash to fund his floundering campaign. In this week’s Best Democracy Money Can Buy: Election Crimes Bulletin, Flashpoints’ Dennis J. Bernstein gets the lowdown from Palast on Trump’s new hedge fund BFFs and the hidden payoff that’s facilitating their cosy relationship.

TRANSCRIPT (Originally broadcast on Aug 10, 2016)

Dennis J. BernsteinWelcome back to the Elections Crimes Bulletin with bestselling author and noted BBC investigative reporter, Greg Palast, now reporting for Rolling Stone on these crazy elections as we try and figure out if your vote will count, or if it doesn’t really matter because the NRA might put a bullet behind Hillary’s ear – as per Donald Trump’s strong, strong suggestion. Greg, welcome!

Greg Palast: You don’t have much of a sense of humor, Dennis. Don’t you ever tell assassination jokes?

DB: Am I not subtle enough?

Palast: Well, you know, I figured that was a loaded question – bang!

DB: So Trump manages to keep the headlines, but maybe that’s better for him because if people really start delving behind the scenes, look into who supports him, what he’s been up to, this is where his real trouble is. 

Palast: I’d like to think so. I’d like to think that instead of parsing his seventh grade sense of humor that we would be looking at the billionaires behind him. It’s fascinating because it was Donald Trump who told us, when billionaires like me write checks, we expect something back from the politicians, and a lot more than we put in. Now that he’s been exposed as not a billionaire – he just plays one on TV – he’s gone to the very guys that he’s attacked.
…more

WATCH: Trump’s Economic Team:
The Men That Screw You

Greg Palast 

I’m on with Paul Jay of the Real News Network breaking down Trump’s latest bid to be recognized as a more thoughtful candidate – his economic team. Well, outside of the usual Cipriani brunch bunch, there’s a name that I recognize – and you might too if you’ve been reading my work. That name is John Paulson – he made billions off of making millions of Americans homeless.

Paulson is the guy who crashed the mortgage market in the U.S., he brought the Royal Bank of Scotland to its knees, where it went bankrupt. And the Times of London, hardly a Marxist rag, it’s owned by Murdoch and very right-wing, the Times of London said that JP, John Paulson, should be paraded through the streets of London naked while people throw rotten fruit at him for what he’s done. Just in England. And that was nothing compared to what he’s done in the U.S.

Watch and learn about who might be running your economy in 6 months.

…more

The Hidden Billionaires behind Trump
The Foreclosure King, The Three-Headed Dog
from Hell and Goldman Sachs

Greg Palast with Dennis J Bernstein for Nation of Change

TrumpTowerForeclosure-Paulson
Trump desperately needs to get his tiny hands on some cash to fund his presidential campaign. On TV, Trump may play the role of a gazillionaire, but the reality of his reality TV persona is that it’s all paid for with other people’s money. His self-funding pledge is going the way of all Trump’s promises – down the gilded crapper. This week on The Best Democracy Money Can Buy: Election Crimes Bulletin, we focus on where and how Trump is going to get his campaign funds – and the deal he’s made with Wall Street’s devils in order to get it.

TRANSCRIPT (Originally broadcast on June 22, 2016)

Dennis J. Bernstein: All the news is about how Hillary has raised zillions and Donald has a mere one or two million dollars. I thought Donald Trump was a billionaire – he could pay for anything!

Greg Palast: Yeah, that’s the TV show, isn’t it? As he says, he loves debt. So, yes, he has a lot of money, OPM, other people’s money. He’s an OPM addict, an other peoples’ money addict. But as far as using it for himself, there’s very good reason he doesn’t have close to what he’s talking about. So just like bank robbers, he’s going where the money is.

DB: He’s got some cagey friends?

Palast: Yes. The guy who is now raising money for the guy who doesn’t supposedly need it and who said he will self-finance his own campaign. Where would you go if you needed to suddenly get bazillions and millions of dollars as a politician? It’s a quiz. What’s your answer?

Three, two, one, …more

Obama Lands in Argentina –
Palast on Loud & Clear Radio

Greg Palast 

Screen Shot 2016-03-23 at 1.47.17 PMToday, President Barack Obama travelled to Argentina to speak with the country’s new President Mauricio Macri.

Marci just concluded a deal paying off US vulture fund operator Paul Singer, a $2.5 billion pay-out which the Argentine government described as “extortion.”

The story of Argentina versus Singer, aka The Vulture, looms hugely over the US Presidential election. As Secretary of State, Hillary Clinton attempted to prevent Singer from collecting this “extortion” pay-off from Argentina. Singer, the top donor to the Republican Party, is fuming.

To get the story, listen to Greg Palast on Loud & Clear, …more

Palast On Democracy Now!
Vultures Nest in GOP

Greg Palast 

Greg Palast on with Amy Goodman’s Democracy Now!

[Greg Palast has investigated Paul “The Vulture” Singer for BBC TV and The Guardian for the last 9 years.]

Paul Singer, known as The Vulture, won a $4.65 billion payment from Argentina – nearly ONE HUNDRED TIMES his “investment” of $50 million in old Argentina bonds. It was, in finance speak, the most successful “vulture attack” ever.

Read more about the vultures here:
Rubio’s Billionaire wins ransom from Argentina

Support the film The Best Democracy Money Can Buy that tells the full story behind who’s stealing this election.

…more

Rubio’s Billionaire wins ransom
from Argentina

Greg Palast 

[Greg Palast has investigated Paul “The Vulture” Singer for BBC TV and The Guardian for the last 9 years.]

Paul Singer, known as The Vulture, won a $4.65 billion payment from Argentina – nearly ONE HUNDRED TIMES his “investment” of $50 million in old Argentina bonds.  It was, in finance speak, the most successful “vulture attack” ever.Singer’s actions are outlawed in most of the civilized world. Hillary Clinton, as Secretary of State, attempted to stop Singer’s predatory act, but Singer did a brilliant end-run:  he used his cash to help elect a new President in Argentina that would jump to his tune and pay him billions.

Now, he’s attempting to do the same to the USA:  pick a president for us who will feather his vulture’s nest.  He’s the number one donor sugar daddy for Marco Rubio’s candidacy [See, “Who Hatched Rubio“].  Singer is also the big bankroller of Karl Rove, to make sure that, even if he can’t sell Rubio to the GOP base, at least The Vulture can use “Turdblossom” Rove to ensure that Hillary won’t become President and put him out the of vulture business.

Rubio, in fact, skirted some ethical lines in his attempts to pressure the State Department to side with his corpse-chewing donor against Argentina.

As I’ve said, Singer directs his fellow billionaires’ investments in candidates.  So, it is not surprising to see The Koch’s lend their top …more

The Rubio/Romney Vulture Connection

Greg Palast 

HuffPo reports that former Republican Presidential nominee Mitt Romney will endorse Senator Marco Rubio. Why? The answer is: the financier known as The Vulture, Paul Singer-donor Number One to the GOP-and top sugar daddy to the Rubio campaign.

Back in 2012, we broke The Nation cover story exposing how Singer, Mitt Romney’s finance chair, secretly stuffed the “blind trust” of Ann Romney with up to $115 million.  For $115 million, a politician will wash your car – with his tongue.  So, of course, Mrs. Romney’s husband will endorse the Vulture’s choice. Blind trust=blind endorsement.

Download Vultures and Vote Rustlers,  the film of Romney’s folly and other Palast team investigations, our best for BBC and Democracy Now! (Or get a signed copy of the DVD!)

More to come on Singer candidate shopping spree in our upcoming movie: The Best Democracy Money Can Buy.

You can read more about the Vultures here:

Who Hatched Rubio?

BBC America: Palast Hunts the Vultures

* * * * *

In 2016 Greg Palast will be releasing his new feature film The Best Democracy Money Can Buy-A Tale of Billionaires and Ballot Bandits, which includes his award-winning investigation Jim Crow Returns.

Greg Palast is the author of several New York Times bestsellers including The Best Democracy Money Can Buy and Billionaires & Ballot Bandits, Armed Madhouse and the highly acclaimed Vultures’ Picnic.

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Who hatched Rubio?

Greg Palast 

The big boys are confident that Sen. Marco Rubio has locked up the Republican nomination. But who’s locked up Rubio?

I called my bookie in London. The betting professionals were not surprised at Marco Rubio’s big Iowa showing. The smart money has been on Rubio since October 31–despite the fact that Rubio was polling at just 9%.

Paul Krishnamurty, politics odds analyst at Betfair.com, told me that, among professional betters, over just two days, Rubio soared from zero to odds-on favorite to win the GOP nomination.

Why would the guys who bet the rent money place it all on Rubio – and what suddenly changed on October 31?


Because, despite the fact that 9 of 10 Republicans rejected him, on Halloween, Rubio won the only vote that counts: The Vulture’s.

It was page one news in the New York Times: Paul Singer, Influential Billionaire, Throws Support to Marco Rubio for President.

I’ve been hunting Singer, AKA The Vulture, for nine years across four continents. And now the carrion-chewing billionaire has decided who will be your next President.

The Vulture, not the Kochs, has become the Number One funder of the Republican Party. The Vulture’s blessing signals to the other billionaires where to place their bets.

Singer doesn’t “donate” to candidates. He invests in them. And he expects a big, dripping return on his money.

But why Rubio? Because Singer’s little hatchling is doing The Vulture’s bidding already. Singer has launched a murderous financial “vulture” attack on Argentina. Singer is shaking down the gaucho nation for $3 billion.

Here’s the story. Decades ago, Argentina’s military dictatorship issued bonds that sucked the nation dry. When democracy returned, 97% of the banks that had funded the dictatorship agreed to take …more

Rubio’s Billionaire Vulture
Paul Singer, the GOP’s Baddie Sugar Daddie

Greg Palast 

The untold story of the sources of the loot controlled by Paul “The Vulture” Singer and why he needs to buy the White House

Greg Palast has been investigating Singer and other finance vultures for BBC Television’s Newsnight.


It’s out of the closet — or, more accurately, out of the coven.  The list of the billionaires who have given at least $2.5 million to Conservative Solutions, the pro-Rubio Super PAC, is headed by Paul Singer.  Singer and his hedge fund crew at Elliott Associates, with their donations to the Republican National Committee and other “independent” groups like “Solutions”, makes it likely that Singer is now the top funder for the GOP.

For BBC-TV, I’ve been tracking Singer for nine years.  And this is the key fact you need to know about the man whose cash would pick our President:  Paul Singer likes to breakfast on decayed …more