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    • Five Hundred Million Dollar Negative Yield Bond Issued
      No, central banks aren’t screwing the economy up with their purchases: Veolia (Paris:VIE) has issued a 500 million 3-year EUR bond (maturity November 2020) with a negative yield of -0.026 %, which is a first for a BBB issuer. To be clear, central banks didn’t buy those bond, investors did. But central bank purchases of […]
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The RBC Violation of DNC “Sunshine” Rules

The “Magic Number” is still 2025, or 2209. But its not 2118.

That’s because, in violation of the DNC charter, a secret meeting was held, and secret votes were taken — violations of specific Charter “sunshine rules” provisions. A deal was struck among Obama supporters on the committee to completely ignore what is known as the “fair reflection” rule (see note below), and to treat the constituency groups that had provided Hillary Clinton with considerable margins in two states (Hispanic/Latino voters, older voters, women, Jewish voters in Florida, older voters, working class voters, rural voters, and women in Michigan) as “half voters”.

These violations occurred with the direct knowledge and involvement of Party Secretary Alice Germond, and Co-chairs James Roosevelt and Alexis Herman. Because of their knowing and willful violation of Party rules, they should be stripped of all authority in the Party organization, and removed from the DNC entirely. And if Howard Dean or any other party official was cognizant of the violation of the Rules, they too should lose their jobs.

The Democratic Party Charter (Article 9, section 12) states “All meetings of…official party committees…shall be open to the public and votes shall not be taken by secret ballot.” Yet a two hour closed meeting in which business before the committee was discussed was held, and secret votes were taken during that meeting.

Here is the sequence of events: Continue reading

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