Tag: Paul Singer

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

The Nunes Memo And The Regressive Progressive Rhetoric It Spawned

Greg Palast 

By Greg Palast with Dennis J. Bernstein

When the FBI applied to the rubber-stamp FISA court for a warrant to surveil Trump associate Carter Page they were more than a little economical with the truth. Basing their warrant request, in part, on information contained in the now-infamous Fusion GPS dossier, they omitted to mention that …more

Trump’s Tax Cut Flunks the Napkin Test:
A “D” Student’s Misreading of Economic Law

Greg Palast 

By Greg Palast for Truthout

A napkin can be a dangerous thing in the hands of fools. Especially when the D students sit in the Oval Office.

President Donald Trump’s mind-blowing $2 trillion tax cut, according to his Treasury Secretary Steve Mnuchin, “Will pay for itself with growth.”

The storied economist John Maynard Keynes once said, “Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.”

The scribbler, in this case, is my old professor and mentor, Art Laffer. Famously, he did his scribblings on napkins, a corollary of his addiction to greasy cheeseburgers.

In 1974, over burgers at the University of Chicago student grill, he scribbled a curve on a napkin, illustrating a curiosity: the higher the tax rate, the lower the total tax collection. Or, turned around: a cut in taxes can pay for itself.

But, alas, Art told me, this economic magic trick only works …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

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

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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

by Greg Palast 

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

Watch these 2 Minutes…

Greg Palast 

A personal note from Greg Palast

I am asking you… watch these 2 minutes from the film that can stop the billionaires from burgling the 2016 election.


The Best Democracy Money Can Buy—A Tale of Billionaires and Ballot Bandits (out in 2016) is my biggest and most important full feature investigative film yet.

“An American hero.” – Martin Luther King III

We need funds to finish this film. Join me with a tax-deductible donation and earn an on-screen credit.

Read my report from Selma, Alabama, “Will you walk with me?” to learn more about the film.

With your invaluable help we can stop the billionaire bandits from stealing 2016.

On behaIf of the the entire Palast investigative team I want to thank you all for your support this year.

We wish you a very happy Holiday Season and a great New Year!

Greg Palast, Reporting

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Support this film with a tax-deductible Donation

…more

Who Hatched Rubio?

Greg Palast 

The news media was abuzz when Marco Rubio received what likely is the most important endorsement of the 2016 political season. Courted by Bush, Christie, and even ‘The Donald,’ the man known by his colleagues as “The Vulture” was circled by many, but eventually he swooped in on Rubio.

So who is this… Vulture?

He was the man behind the Swift Boat Veterans for Truth, the man behind Mitt Romney, and the man that chose Paul Ryan for Vice President.

The Vulture is well known for all of this, but the real reason why Paul Singer is important can be found here on GregPalast.com.

Watch our first ever investigation into this financial bird of prey below, and read more on how Singer has built his empire on the ruins of nations, the Congolese, and union workers.

…more

Investigó a Paul Singer y cuenta quiénes pudieron ganarle

Greg Palast 

by Francisco de Zárate for Clarin.com

Investigó a Paul Singer y cuenta quiénes pudieron ganarle

Entrevista con Greg Palast, periodista de la BBC y The Guardian También relata cómo el poderoso titular del fondo buitre NML venció a Perú y al Tesoro de Estados Unidos.

Durante su vida anterior, cuando era detective privado, el estadounidense Greg Palast (62) trabajó para sindicatos, para el Gobierno de Estados Unidos y hasta para los indios nativos de Alaska, a los que ayudó a descubrir un fraude de British Petroleum por el desastre ecológico del petrolero Exxon Valdez en 1989. Hasta que se cansó que ver cómo los reporteros hablaban de su trabajo y se pasó al otro lado: “Me convertí en periodista de investigación de la BBC y The Guardian (Leer la traducción del artículo). No les importaba que supiera o no escribir. Lo que les interesaba era la información”.

Desde Nueva York, Palast habló por teléfono con Clarín sobre Paul Singer. El hombre que maneja el fondo NML y principal demandante de Argentina en el conflicto por la deuda en default, …more

Obama Can End Argentina’s Debt Crisis with a Pen
The President has the Constitutional power to pluck vulture-fund billionaire Paul Singer. Obama hasn’t. Why not?

Greg Palast 

By Greg Palast for The Guardian

The “vulture” financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama. But the president, while officially supporting Argentina, has not done this one thing that could save Buenos Aires from default.

Obama could prevent vulture hedge-fund billionaire Paul Singer from collecting a single penny from Argentina by invoking the long-established authority granted presidents by the US constitution’s “Separation of Powers” clause. Under the principle known as “comity”, Obama only need inform US federal judge Thomas Griesa that Singer’s suit interferes with the president’s sole authority to conduct foreign policy. Case dismissed.

Indeed, President George W Bush invoked this power against the very same hedge fund now threatening Argentina. Bush blocked Singer’s seizure of Congo-Brazzaville’s US property, despite the fact that the hedge fund chief is one of the largest, and most influential, contributors to Republican candidates.

Notably, an appeals court warned this very judge, 30 years ago, to heed the directive of a president invoking his foreign policy powers. In the Singer case, the US state department did inform Judge Griesa that the Obama administration agreed with Argentina’s legal arguments; but the president never …more

The Vulture:
Chewing Argentina’s Living Corpse

Greg Palast 

Vulture investor Paul Singer has forced the nation of Argentina into default. Here’s the real story, from Billionaires & Ballot Bandits by Greg Palast.

A call came in from New York to my bosses at BBC Television Centre, London. It was from one of the knuckle- draggers on the payroll of billionaire Paul Singer, Number One funder for the Republican Party in New York, million-dollar donor to the Mitt Romney super-PAC, and top money-giver to the GOP Senate campaign fund. But better known to us as Singer The Vulture.

“We have a file on Greg Palast.”

Well, of course they do.

And I have a file on them.

I had just returned from traveling up the Congo River for BBC and the Guardian. Singer’s enforcer indicated that Mr. Singer would prefer BBC not run a story about him— especially not with film of his suffering prey: children, cholera victims.

Like any vulture, Singer feasts when victims die. Literally. For example, Singer made a pile buying asbestos company Owens Corning out of bankruptcy. The company had concealed from its workers they would get asbestosis from handling their product.

You don’t want to die of asbestosis. Your lungs turn to mush and you drown inside yourself.

The asbestos company was forced to pay tens of thousands of its workers for their medical care and for their families after their deaths.

But then Singer used his political muscle to screw down the compensation promised to the workers. He offered them peanuts. And, dying, they took it. Like the Ice Man, Singer The Vulture used the cudgel of “tort reform” to beat the weakened workers into submission. With asbestos workers buried or bought-off cheap, Singer’s asbestos death factories were …more