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Jason

~* Make America Great Depression Again -- Official Thread of Corona Virus infected markets *~

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2 minutes ago, Spork3245 said:

Which reactions add to rep? It seems like the majority do nothing 


Like, haha, upvote and thanks add

I think you might get some from one other one too maybe...

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1 minute ago, Keyser_Soze said:


Like, haha, upvote and thanks add

I think you might get some from one other one too maybe...


Corona doesn’t, just tried it on your post :p 

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10 hours ago, CitizenVectron said:

 

 

Death panel. 

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Trump admin will not comply with transparency requirements in new bailout bill

 

Openly saying they will not follow the rules in the bill pertaining to audits of $500 billion in corporate bailouts.

 

Totally normal and I'm sure Congress will take his walking all over them seriously.

 

Quote

The administration says it won’t provide documentation for audits into $500 billion in corporate bailout funds.

 

President Donald Trump said on Friday that he will not adhere to a portion of the $2 trillion coronavirus stimulus bill that would authorize an inspector general to oversee how $500 billion in business loans will be spent.

 

In a statement released early Friday evening, Trump announced that he had signed into law the Coronavirus Aid, Relief, and Economic Security or CARES Act, a relief package aimed at mitigating some of the economic fallout caused by efforts to allay the spread of Covid-19.

 

That bill also establishes a Special Inspector General for Pandemic Recovery (SIGPR) within the Treasury Department to audit and investigate half a trillion dollars in loans for large businesses. In his signing statement, Trump said that this provision raises “constitutional concerns,” adding that his administration would not comply with such an official’s request for documents.

 

 

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Best they can do is when the next round of stimulus comes, and I'm certain it will come, you can't allow any more bailouts. But Chuck and Nancy will just roll over and give us crumbs again

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Apparently Trump insisted that his signature and name be on every stimulus check sent out.

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10 minutes ago, ort said:

Apparently Trump insisted that his signature and name be on every stimulus check sent out.

thank goodness for direct deposit then

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1 hour ago, SlipperySlope said:

Hold the corporate bailout money until the supreme court can decide in favor of the corporations.


FTFY

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2 hours ago, ort said:

Apparently Trump insisted that his signature and name be on every stimulus check sent out.

 

Goddamnit, looks like I'm gonna have to burn mine.

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So the bill included a break for individuals that purchase real estate.

 

Quote

When individuals buy real estate, even if they do so using loans or other people's money, they can "depreciate" -- or write off, over time -- the cost of the physical property on their taxes. Suppose, for example, that a taxpayer bought a $2 million building as an investment. He would be able to deduct, or subtract from his taxes, something like $100,000 a year for 20 years to defray the costs of buying and improving the property. The taxpayer would be able to take these deductions even if the building were going up in value. This is why Donald Trump loves depreciation, as he told the nation during a presidential debate in 2016 -- it's one of many ways he avoided paying millions in taxes. Such love seems to runs in the family: Jared Kushner has utilized tax depreciation, too.

 

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I used to frequent bars in the old days, before this lockdown that has lasted 10 years.

 

So I can say with confidence: That broad is SMASHED.

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Justice Department Investigating Burr's Stock Trades

 

Quote

The Justice Department is investigating stock trades made by at least one member of Congress as the U.S. braced for the pandemic threat of coronavirus, according to a person familiar with the matter.

The investigation is being coordinated with the Securities and Exchange Commission, and is looking at the trades of at least one lawmaker, Sen. Richard Burr (R-N.C.), the chairman of the Senate Intelligence Committee.

As head of the powerful Intelligence Committee, Burr received frequent briefings and reports on the threat of the virus. He also sits on the Senate Health, Education, Labor and Pensions Committee, which received briefings on the pandemic.

 

In mid-February, Burr sold 33 stocks held by him and his spouse, estimated to be worth between $628,033 and $1.7 million, Senate financial disclosures show. It was the largest number of stocks he had sold in one day since at least 2016, records show.

 

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1 hour ago, Jason said:

 

Notice that they're only investigating Burr though. This is clearly about Burr letting a "Russia was helping Trump" report come out despite feeding Trump information about the investigation. 

Exactly... The Right does not like this guy because he wasn't seen as being loyal enough to Trump.

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1 hour ago, marioandsonic said:

Well, uh...good thing I filed my returns already?

For people who regularly file taxes in 2018/2019 who do not get social security and have direct deposit set up it should be in your account by mid April 

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I'm 99% sure:

 

1) If you didn't do this year's taxes but you did your taxes last year, you're fine,

2) which makes sense considering the deadline has been extended to July 15, so you don't have to wait as long for your check if you already did last year's taxes.

3) If you did either 2018/2019 or both, you're good.

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2 hours ago, b_m_b_m_b_m said:

So, basically, about 10 million filed for unemployment in the past two weeks

@sblfilms 

 

:cheers: We might have been lowballing our guesses even at our high end.

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3 hours ago, SaysWho? said:

I'm 99% sure:

 

1) If you didn't do this year's taxes but you did your taxes last year, you're fine,

2) which makes sense considering the deadline has been extended to July 15, so you don't have to wait as long for your check if you already did last year's taxes.

3) If you did either 2018/2019 or both, you're good.

 

Also, if you made more than the cutoff last year, then you don't get anything, even if you lost your job because of the pandemic, from what I understand.

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1 hour ago, chakoo said:

@sblfilms 

 

:cheers: We might have been lowballing our guesses even at our high end.


And it’s likely that a couple million have unsuccessfully attempted to file, but due to websites/call centers being overwhelmed have not yet.

 

Holy moly

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6 minutes ago, b_m_b_m_b_m said:

These people should be hung--like a tapestry--for their incompetence

 

I would rather prefer they are hanged, than hung.

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