Rubio scores major endorsement from billionaire GOP donor Paul Singer

[Recursion]

Source: WaPo

Republican presidential hopeful Marco Rubio picked up a major endorsement from one of the most influential -- and wealthy -- donors, billionaire hedge-fund manager Paul Singer.

The endorsement caps a strong week for Rubio in which he was widely seen as the standout candidate in Wednesday's GOP debate in Denver.

Singer is one of the most influential money players in the GOP – not only because of the large sums he personally donates, but because he has helped organize a network of like-minded wealthy contributors that is a significant power center within the party.

...

"When people donate to us, they're buying into our agenda and I'm glad that he has," Rubio said from Northwest Iowa on Friday night. "It'll help us with resources."

Read more: https://www.washingtonpost.com/news/post-politics/wp/2015/10/30/rubio-scores-major-endorsement-from-billionaire-gop-donor-paul-singer/

---

Quite a coup for the Rubio campaign.

[Jesus Malverde]

1. Singer is a principal investor with the HRC.

Wonder what human rights they are ignoring.

[mtasselin]

34. sorry Jesus

Sorry Jesus, but this guy hates HRC and is one of the most evil people walking the face of earth and of course he fits right in with the gop.

[Jesus Malverde]

35. Quite the opposite he funds them and flew them to davos

http://paper-bird.net/2013/11/04/hrc-and-the-vulture-fund-making-third-world-poverty-pay-for-lgbt-rights/

Shame on hrc for coddling this guy for money.

[SoapBox]

2. "Singer is one of the most influential money players in the GOP..."

[oberliner]

3. Adelson will be next

Rubio will be the nominee.

[forest444]

20. They're certainly birds of a feather.

http://www.businessinsider.com/florida-senator-marco-rubios-brother-in-law-is-a-convicted-drug-trafficker-2011-7

[still_one]

32. I wouldn't bet now, a lot of things can happen, and right now he is running third in the latest

poll:

http://www.realclearpolitics.com/epolls/2016/president/us/2016_republican_presidential_nomination-3823.html

In addition, while the media thought rubio's counter to bush's accusation regarding his Senate attendance, and his disdain for the Senate, gave points to rubio in the debate, that issue along with other things, including his mishandling of his personal finances, and excessive spending are going to come back and haunt him.

We will see how things develop

[forest444]

4. Meet Paul Singer:

Your tax dollars have (TARP).

http://www.democraticunderground.com/10025306154

[840high]

5. Thanks.

[forest444]

17. You're welcome.

Let's hope for the best.

[hedda_foil]

8. Here's Paul. What a guy!

From the l Iink above by brentspeak

eet Paul Singer - Vulture fund investor, extortionist, exporter of American jobs, GOP sugar daddy

Last edited Tue Jul 29, 2014, 11:02 PM -
Edit history (2)



Paul Singer, CEO of vulture fund Elliott Capital Management (and also a major GOP donor), is currently working with his investment partners to squeeze every last cent out of Argentina, having purchased some of Argentina's sovereign bonds, and then demanding 100% full payment of the existing debt instead of negotiating reasonable refinancing terms.

Incredibly, some have supported Singer's "right" to fleece Argentina.

But it hasn't just been Argentina who Singer and his partners have extorted; it's also been the entire US population:



http://www.huffingtonpost.com/carl-pope/romney-delphi-auto_b_2051373.html

Mitt Romney's blind-trust invested more than a million dollars in a "vulture fund" managed by Paul Singer, a Romney adviser. In 2008, while Delphi Auto Parts was in bankruptcy, Singer's fund bought, for twenty cents on the dollar, Delphi bonds -- lots of them. With Delphi under Singer's control, he threatened to shut it down unless the taxpayer bailed it out -- holding General Motors and Chrysler hostage, because if Delphi shut down, the companies would lack steering columns and other essential parts. After getting his way, and a $7.3 billion bailout from the public, Singer then closed all but five U.S. plants to move these operations and 25,000 jobs to China. Mitt Romney's investments in Singer's fund help make this loss of American jobs possible.


And then Singer went in for the kill, threatening to destroy the entire Detroit auto manufacturing industry unless the US government fork over $7.3 billion of TARP bailout money directly to his and his partner's pockets:



In a negotiating session with GM, the Treasury, the UAW, and the Singer group, a second deal was offered -- the hedge funds could get their way as long as they agreed to protect jobs. Singer and his partners refused. The hedge funds took the case to the bankruptcy court, where under the terms of bankruptcy law their combined position in ownership of stocks and bonds gave them control.

It was U.S. job protection that was the key point rejected by the vulture funds in which Romney had invested. They also insisted that the federal government and GM provide them with ongoing financial support which eventually amounted to $7.3 billion -- because without these payments they warned Delphi would stop producing the vital GM (and Chrysler) parts which only it could manufacture. Both auto companies would go under. The Treasury gave in.


After Singer and his gang collected their taxpayer money, they shipped as much of Delphi's facilities overseas to China as possible:



The newly reconfigured Delphi, with coffers fattened with taxpayer dollars, then proceeded to shut down all but five of its U.S. plants. Virtually all of these jobs were transferred to China, while reaping enormous profits -- Singer's fund alone made $1.2 billion, 3000% return on its investment. We don't know how much of this is Romney's share.


Vulture fund CEO extorts US taxpayers for billions of dollars, then ships US jobs to China -- why hasn't this story been seen on CNN and CBS?
I

[forest444]

10. And the best part is, the runt keeps it all in the Caymans yet enjoys full access to U.S. courts.

When he should only enjoy full access to U.S. jails.

[Judi Lynn]

9. Didn't know who he was at the time. He's a hideous person. Thank you for that link. n/t

[forest444]

13. Sure, Judi. If only Anoymous could publish the list of account holders in his Caymans laundry!

We know Romney is among them - but the list almost certainly includes narcos, tea bag congresscritters, thugs with ties to Latin America's former (or current) dictatorships, and who knows what other miscreants.

Oh, and guess who he's backing in the upcoming Argentine runoff:

[Judi Lynn]

21. Oh, yeah! It really, really figures, doesn't it? Disgusting. Two monsters of a kind.

They both probably pray nightly for a world-wide right-wing dictatorship. With that in their favor, they can have everyone they hate assassinated, and break everyone left down to helpless piles of bleeding, sobbing flesh, except for their fellow thugs. Just the way right-wingers love it.

The thought of a published Cayman Islands accounts holders' list is phenomenal. What a boost that would give those citizens who haven't had the nerve, or impulse to try to steal the world.

[BlueStater]

6. A fool and his money are soon parted.

Doesn't take much to impress these idiots. Just shit out a few canned talking points about the mainstream media and Benghazi and voila! See the cash come in.

[Jack Rabbit]

7. Isn't he the thug who tried to hold up Argentina?

Or am I thinking of another thug?

[forest444]

11. That's the one.

http://www.democraticunderground.com/?com=view_post&forum=1014&pid=1080735

The business rags used to refer to him as one of Argentina's "creditors." But even they had to acknowledge that you can't be a 'creditor' if you buy bonds in the black market for pennies on the dollar, and then bribe a Wall Street judge to award you 16 times more.

Argentina, needless to say, refused to offer him any more than all its other bondholders got - which would have actually tripled Singer's $48 million investment if he had accepted. For anyone feeling sorry for the little launderer, Cayman Paul made out alright: he was awarded hundreds of millions in CDS (default insurance) payouts last year by the International Swaps and Derivatives Association.

Hardly a surprise, since he's on the board of the ISDA.

[Jack Rabbit]

14. That's who I thought he was

I don't know what he expects of Rubio; it's all too obvious what he expects of Hillary. However, I get the feeling the person he'd really would want to see as President of the United States is Angela Merkel, the European banksters' moll.

[forest444]

16. He was hoping Rubio (and Menéndez) could force Argentina to give him his 1600% payout demands.

https://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.googleusercontent.com&sl=es&u=http://www.aporrea.org/internacionales/n252975.html&usg=ALkJrhiGXJ8iRj-8efOuRLVLuY2twgaJow

[Jack Rabbit]

18. Why give a bribe to Menendez?

He'll never run for office again.

[forest444]

19. Good question. I believe those were before Menéndez's libido became a problem.

He was also Chairman of the Senate Foreign Relations Committee at the time.

[Fuddnik]

12. Greg Palast calls him "Goldfinger in "Vultures Picnic".

greediest man on the planet.

[forest444]

15. Greg's the best.

In a parallel (ideal) universe, I'd recommend that he be appointed Chief Prosecutor in the case of Paul Singer et al. vs. Humanity.

[bemildred]

22. Isn't he the guy that is getting stiffed by Argentina? nt

[forest444]

40. No. He's the guy demanding $1 billion for bonds he bought on the black market for $48 million.

That's fraud. He's using (read:bribing) a Wall Street judge to hold the other bondholders' payments hostage until he gets his way, which is illegal anywhere in the world except for this grease monkey judge's rulings.

It's a little like paying your mortgage, then being told that your check is being held at the request of a loan shark who wants your property.

Argentina's offer - the same terms all its other bondholders got - would have actually tripled Singer's $48 million investment if he had accepted. But he needed Argentina to be declared in "default" to be awarded hundreds of millions in CDS (default insurance) payouts last year by the International Swaps and Derivatives Association.

Hardly a surprise, since he's on the board of the ISDA.

He's also the one that bilked taxpayers for up to $12 billion in TARP funds, and whose tactics have bankrupted Delphi Automotive and Caesar's Entertainment among others. That's tens of thousand of jobs that are probably never coming back.

Keep in mind also that he's not an "American" investor, since his money laundry, NML (the entity that bought the Argentine bonds), works out of the Cayman Islands.

You know, If only Anoymous could publish the list of account holders in his Caymans laundry. We know Romney is among them - but the list almost certainly includes narcos, tea bag congresscritters, Latin thugs, and who knows what other miscreants. Make no mistake: the slimy little imp has full access to U.S. courts - when in reality he should only have full access to U.S. jails.

[Helen Borg]

23. That's my boy

Paul must have thought.

[Recursion]

24. This seems more like an act of complete resignation...

I get more a sense of, "Jesus, I guess this is the best these guys can come up with..."

[Helen Borg]

28. Haha! Perhaps...

[joshcryer]

25. It's amazing how all the betting markets have Rubio winning the nod.

Especially when he's so far behind the polls.

[Recursion]

26. I see the logic though

The assumption, I think, is that Trump and Carson simply can't keep the plates spinning for the next 6 months and will flame out. Assuming Bush is a dead letter (which I think is fairly clear at this point), that leaves either Rubio or Kasich, and Rubio probably has the better conservative creds there.

Generally governors do better than senators in Presidential elections, but the GOP has set up a very toxic environment that turns that against them: Kasich, Walker, etc. have had to actually be governing, which means they have made compromises that the unhinged base finds unacceptable. So, ironically, people like Kasich and Walker (who IMO were the GOP's two strongest candidates) are being drowned out by the senators who can afford to be less "impure".

[joshcryer]

27. Rubio has an astonishing lead, though.

http://www.predictwise.com/politics/2016repnomination

Surprises me even still. I really wish Trump would get it, heh.

[Recursion]

30. Holy *#&$

That is impressive. Can you short on that market?

[joshcryer]

31. Predict-wise is a market aggregator.

And I just read the FAQ and I don't think any of the markets allow shorting: http://www.predictwise.com/faq#top (the FAQ appears to be out of date since Intrade is no longer operational, but I have a PredictIt account and it works still).

[Recursion]

37. Well, hell, that's a distortion in itself.

A market that takes no shorts isn't a "market" in a real sense...

[Jim Lane]

38. You can short on several of the exchanges that are aggregated by PredictWise.

Well, "one" can short on them. I can't, not legally, as the PredictWise FAQ is careful to note. Whether you can depends on the laws in India.

For example, on Smarkets, if I'm reading the "Against Marco Rubio" line correctly, "Return £20 Liability £10" means that you could double your money by betting against Rubio.

I may be reading that incorrectly, however, because they seem to offer the same odds for betting against Scott Walker. You can go to https://smarkets.com/politics/world/us-presidential-election-2016/republican-presidential-primary-2016 and put in the effort to figure out their system. I am sure of the general point that these markets let you (uh, that is, one) bet for or against the given events. They make their money by bringing together the bettors of differing opinions and enabling them to match up with each other, with a small commission for the site.

[Helen Borg]

29. The betting markets...

Are notoriously fad prone!

[still_one]

33. I agree. The trend of the conventional polls are more representative in my view

[Cosmocat]

42. Its going to be him or Trump

And, Rubio is the guy who scares me the most.

Trump can win, but Rubio is right down their alley as a candidate - he has the looks, and when he can be protected, which he would be as the sole R candidate, he can put a facade of competence on. He isn't sharp, but he isn't as drop dead stupid as a lot of these idiots are.

The media would BREATHLESSLY gush over him as a STAR!

He also would be one of the few candidates who will do enough to keep both the establishment and the tea party happy.

[briv1016]

46. Once Rubio's numbers go above Carson's, the Trump suicide pact will change there focus.

Hopefully they'll both end up bloody before the first vote is even cast.

[geek tragedy]

45. nomination by subtraction

The implosion of Walker and jeb mean he's in first place in the "actual candidates for president" primary.

Carson is a book tour. Trump is a professional troll whose entire business model is not sticking around to finish the job.

His closest competition could wind up being . . . Ted Cruz?

[Turbineguy]

36. The first choice for an endorsement was

Hitler, but he inconveniently died.

Paul Singer's MO is to fuck a large number of people to the benefit of a few. He's the financial equivalent of a pedophile in charge of a Daycare.

Of course the base will eat this up, because there's nothing they want more than to die in poverty.

[Vinca]

39. I don't know why anyone with deep pockets would back Rubio.

Between his lousy handling of his own finances and the near indictment for fraudulent credit card use, I can't imagine why the guy is even bothering to run. The ads will write themselves.

[Recursion]

41. As joshcryer points out, all the betting markets favor him right now

It's actually pretty astounding.

[Cosmocat]

43. As, in theory, was the case with Bush 2

The problem is the people of this country are dumber than dumb, and the media won't give even the first bit of air to his hapless handling of his finances while breathlessly taking the republican's lead in screaming how much of a STAR he is.

W had a LOT more negatives to work with, which translated into him being a guy you would like to have a beer with ...

Rubio is easier to pretty up than W was.

Hes a SERIOUS threat ...

[Mass]

49. His views in foreign policy is what matters here.

And anyway, what is important is who is the puppet master behind the curtain because, from the way Rubio sticks to his stump speech without deviating one inch, it is clear that he is not the idea guy, but just a pretty face.

[tabasco]

44. This billionaire needs a tax break!

So he can spend more money influencing American politics.

[forest444]

47. I suppose he already burned through the $12 billion TARP money we taxpayers so graciously gave him.

$12 billion just ain't what it used to be.

[Mass]

48. That Rubio got Singer's endorsement is proof that Rubio is not the moderate the media love to paint.

His views in foreign policy from Cuba to Iran passing by Argentina and debt relief (or rather not debt relief) make him one of the most hawkish candidate, something that is hard to believe considering that a Bush is in the race, as well as Cruz.

This should worry seriously everybody, and hopefully the media will wake up before it is too late (but right now, they are in awe with the guy, and indifferent to his flaws).

The idea that Adelson is leaning toward him is another sign.