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    JayaBallard

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    [–] Buyers tied to Russia, former Soviet republics paid $109 million cash for Trump properties JayaBallard 1 points ago in politics

    The bit with the shell companies is called "layering," but the entire process is money laundering.

    There are a few reasons to pay extra. If the seller is in on the scheme, you could be giving him his cut for cleaning your money. You could be getting a portion of the excess kicked back to you.

    [–] Poll: Trump approval rating ties highest point of his presidency JayaBallard 2 points ago in politics

    The right’s biggest concern has been, and always will be, freedom.

    That's amusing, considering that these feckless bootlickers are lining up behind a fascist.

    [–] Hoyer: GOP centrists 'sold out' Dreamers JayaBallard 10 points ago in politics

    The "GOP centrist" is an extinct species of elephant.

    There are only two kinds of people left in the Republican party: fanatics, and the cowards who enable them.

    [–] Buyers tied to Russia, former Soviet republics paid $109 million cash for Trump properties JayaBallard 2 points ago in politics

    The idea is similar, but the scale is much larger. You put your dirty money into real estate, and you get clean money out when rent, sell, or take out loans against the property.

    Let's say you're an oligarch who owns "Mikhail's Metals". Your company is using others ("Konstatin's Kontraktors," for instance) to overcharge the government to the tune of millions of dollars. You want to get that money out of Russia, and of course you don't want to pay any taxes on it. So you funnel it from "Konstatin's Contractors" through a number of shell companies until it ends up in "Paul's Property Group" in the USA. Paul's Property Group pays cash for some luxury condos in New York. The transaction looks innocuous anyone in the US. Rather than keep your money in the bank, you keep it in real estate.

    Now where things get really interesting is when "Donald's Developments" enters the picture. Donald's Developments wants to build a skyscraper, but Donald can't get financing. Fortunately Donald knows a lot of people like you who need to launder lots of money. You and your oligarch buddies can funnel cash into this development, because a hotel or skyscraper is a much safer place to keep your money than a Russian bank.

    [–] A reporter at the White House decided to play the audio of children sobbing. Somebody had to. JayaBallard 1 points ago in politics

    It’s not surprising at all.

    Roughly 20% of the country are pieces of shit, and another 20% are dumb or gullible enough that they’ll go along with them.

    [–] Satisfaction with country higher than at any point during Obama presidency, Gallup poll finds JayaBallard 2 points ago in politics

    Oh no, we might piss off a third of the country.

    Guess what? That third of the country can all eat shit.

    Time and again, they demonstrate that they're too fucking dumb or too fucking self-absorbed to be trusted with any decision of consequence.