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Sen. Elizabeth Warren (D-MA) has a well-documented history of working for the benefit of the big corporations she routinely rails against, largely building her multimillion-dollar fortune by assisting corporations in navigating the bankruptcy laws she helped pen, Breitbart News senior contributor, bestselling author, and Government Accountability Institute (GAI) President Peter Schweizer reveals in his investigative bombshell Profiles in Corruption: Abuse of Power by America’s Progressive Elite.

Because of her legal expertise on bankruptcy laws, Warren advised the National Bankruptcy Review Commission in 1995, acting as a “key advisor on an obscure but profoundly important section of the bankruptcy law called U.S.C. 524(g), which dealt with mass tort bankruptcies of corporations and had to do specifically with asbestos companies.” She would go on to advise companies facing such troubles and financially benefit from their legal woes. She made $212,000 by assisting insurance giant Travelers, which sought immunity from asbestos-related lawsuits, alone.

The revisions to the laws she helped author “had enormous positive ramifications for America’s largest corporations,” allowing “financially healthy corporations to start using bankruptcies as a way to avoid liability from legal suits,” Profiles in Corruption details.

Warren parlayed her experience in crafting U.S. bankruptcy laws into a highly lucrative career by consulting corporations on the laws she helped write and charging them large sums of money for her services.

“It was the ultimate Washington leverage move,” Schweizer writes.

“Warren’s legal consulting work radically contradicts the claims she makes that she is a fighter for the middle class and against corporate America,” Schweizer explains. “Indeed, she was well compensated for more than a decade providing legal testimony for corporations attempting to avoid pension obligations and paying victims.”

Warren leveraged her legal expertise in corporate bankruptcy law by advising companies like Dow Chemical, Travelers, and LTV Steel — all of which were seeking bankruptcies to avoid liabilities from pensions or lawsuits:

Indeed, of the known cases where she did legal consulting, her work on a number of those cases was on behalf of major corporations. Each of these companies was facing major liability involving pensions or class-action lawsuits, which she helped them avoid. She was extremely well compensated. In a legal brief, she described her “customary billing rate” as $700 per hour back in 2002. Today in 2019, that equates to about $996 per hour.

One of the cases demonstrating the stunning gap between Warren’s campaign trail rhetoric and reality involved her work with corporations that were “seeking release from a law that required them to pay health benefits to coal miners.” LTV Steel, one of her clients, was attempting to “overturn a court ruling that required the company to pay its former employees and dependents $140 million in retirement benefits”:

LTV was trying to avoid its responsibilities under the 1992 Coal Act, which established a fund to pay retired coal workers. The appellate court sided against Warren’s clients, and Warren filed a brief with the Supreme Court seeking to overturn the decision. The Supreme Court never took up the case.

Warren made $10,000 for her efforts, later contending that she was simply standing up for “bankruptcy principles.”

“Congress [wrote] the rules, and the rules say the employees don’t come first,” she stated in a 2006 interview with PBS, ignoring the fact that she helped write the very rules she was lamenting.

Her advocacy for LTV contradicts the claims she makes on the campaign trail and incorporates in her various plans. In one plan released last year, Warren boasts of fighting “for years to protect pensions and health benefits for retired coal workers.”

Despite her efforts to distance herself from large corporations publicly, she continued assisting them in navigating the very laws she helped to write.

In another example, Schweizer details her legal work for the Fairchild Aircraft Corporation (FAC), which produced small aircraft. Investors, Schweizer notes, purchased the corporation after it went into bankruptcy in 1990 and started Fairchild Acquisition Incorporated (FAI). However, in 1995, a suit arose from “the families, estates, and/or businesses of four people who had died tragically in a plane crash.” The victims’ families attributed the crash to an aircraft “defectively manufactured by FAC.”

Warren argued on behalf of FAC, but “the bankruptcy court rejected her legal theory.”

She was compensated nearly $10,000 for her efforts.

Warren defended her decision to defend FAC from the lawsuit, claiming that she did so to “save jobs.” That assertion, as Schweizer points out, did not reflect reality:

Warren claims that her motive in defending the company was to save jobs. In fact, though, the company hired her to protect their assets, not jobs. Their worry was that the case would affect future claims that others might have against them. In addition, there is no evidence to indicate that the suit would result in lost jobs. Instead, she essentially argued that these families did not have legal recourse against these companies.

The Massachusetts senator’s work for Dow Chemical is perhaps more well-known. She “provided expert legal advice” to the chemical company, the parent company of Dow Corning, which faced a flurry of lawsuits from women in 1990s, who claimed that its silicone breast implants made them ill. It filed for bankruptcy thereafter. Warren, in essence, assisted the company in “fighting in court to limit its liability and payments to women,” one lawyer involved in the case stated. She made just short of $20,000 for her consulting work on the case.

“So Dow Chemical hired her, Armstrong Worldwide — there’s a whole host of companies that did. And it’s the oldest game in Washington. You know, come to me powerful company, pay me lots of money, and I will help you interpret and get around a law that I myself actually wrote,” Schweizer explained on Wednesday’s edition of Breitbart News Daily.

“And so she’s made millions of dollars doing that for corporations and she — by the way, in these cases or in these instances — represents the corporation,” he continued. “She doesn’t represent the victims. You know with Dow Chemical it was women with breast implants. And the problems being caused there.”

Warren also made money in assisting companies facing asbestos liabilities, defending insurance giant Travelers against the claims of asbestos victims in 2009:

Travelers was fighting to gain immunity from some asbestos-related lawsuits by establishing a $500 million trust for victims, but on the precondition “that other insurers [would] give up their claims against Travelers.” Warren worked to protect the settlement for victims that other insurance companies would invalidate if they were able to retain their claims. Travelers avoided paying the $500 million settlement by losing the fight with the other insurers.

She ultimately made $212,000 for her services to Travelers. The insurance giant also paid her husband, who also completed legal work on the case, an “undisclosed sum,” per the couple’s 2009 financial disclosure.

Similarly, Warren consulted Armstrong World Industries, “a massive producer of wall and ceiling products for construction, which was also dealing with asbestos liabilities” and “helped them navigate rule 524(g), which she had helped to write.”

More often than not, “Warren’s legal consulting work was on behalf of large corporations who were using bankruptcy laws or bankruptcy trusts to avoid liabilities.” The bulk of her consulting work came from Caplin & Drysdale, “which represented a myriad of large companies that were going through bankruptcies,” Schweizer points out.

By 2012, Warren had a net worth of up to $14.5 million. Despite that, she continued to distance herself from the wealthy elite, denying her status as a one-percenter.

“I realize there are some wealthy individuals – I’m not one of them,” the then-Senate candidate, and owner of a $5 million house, stated on MSNBC in 2012.

She maintained that position all the way through her first senatorial bid.

“I’ve been out there working for people who’ve been injured by big corporations. I’ve been out there working for people who’ve been injured by asbestos. I’ve been doing that for years and years and years,” Warren claimed during a debate against then-incumbent Republican Scott Brown (R-MA) that same year.

“That’s why I want to go to Washington. I want to go to Washington to fight for working families,” she continued. “I want to go to Washington to fight for small businesses.”

Warren has carried her “pro-working class” rhetoric to her presidential campaign, calling for Democrats to show that “we’re not going to be the people who are just out for the big corporations, people who want to help themselves, that we are going to be the party that is willing to fight on the side of the people” during the Democrat presidential debate in Des Moines, Iowa, this year.

Warren’s legal consulting career, however, would seem to contradict her campaign rhetoric.

Schweizer’s book, Profiles in Corruption, is available for online purchase in hardcover, paperback, or e-book.

Author: Hannah Bleau

Source: Breitbart: Elizabeth Warren Made Millions Helping Corporations Evade Their Pension and Healthcare Obligations

Valerie Biden Owens, the sister of former vice president Joe Biden (D), who served as the campaign manager for his past presidential campaigns, directed $2.5 million from “Citizens for Biden” and “Biden for President Inc.” to her own consulting firm during her brother’s 2008 presidential bid alone, Breitbart senior contributor and Government Accountability Institute (GAI) President Peter Schweizer’s investigative blockbuster Profiles in Corruption: Abuse of Power by America’s Progressive Elite reveals.

Biden’s political tenure, as Schweizer’s book extensively details, has largely remained a complicated family affair, resulting in little-known financial benefits for not just his son Hunter Biden, but for his sister Valerie.

Her role as a senior partner in the political messaging firm Slade White & Company coincided with her participation in Biden’s various political campaigns. She was only one of two executives – the other being Joe Slade White – at the firm and has remained the Executive Vice President for 15 years.

However, the lines between her role as leading her brother’s political campaigns and working at the firm blurred, as the firm “received large fees from the Biden campaigns that Valerie was running,” Profiles in Corruption reveals:

The firm received large fees from the Biden campaigns that Valerie was running. Two and a half million dollars in consulting fees flowed to her firm from Citizens for Biden and Biden For President Inc. during the 2008 presidential bid alone. Keep in mind that Joe Slade White & Company worked for Biden campaigns over eighteen years.

The report demonstrates a pattern, as Schweizer’s book shows, of the complex, albeit largely unknown, dynamics of the Biden family and the financial benefits reaped, which purportedly stem from the presidential hopeful’s varying positions in government throughout his life.

“These are not a few disparate enterprises, but rather moneymaking ventures that appear to be part of a well-organized family business,” Profiles in Corruption details.

Biden has previously denied, particularly on the campaign trail, the allegations that his family members have cashed out in various ways over the course of his political career.

“I’ve never discussed with my son or my brother, or anyone else anything having to do with their businesses, period,” Biden told reporters in August 2019 amid further allegations of his family members using his political leverage for personal gain.

“As we will see, this is an impossibility, “ Schweizer writes.

The latest revelation, detailing Valerie’s direction of millions of her brother’s campaign dollars to her consulting firm, follows the eye-opening discoveries detailed in Schweizer’s New York Times #1 bestseller Secret Empires, which effectively “blew the lid off the Biden-Burisma scandal in Ukraine, wherein Hunter Biden made up to $83,000 a month with Ukrainian energy giant Burisma as his father led U.S.-Ukraine policy while vice president,” as Breitbart News detailed.

Profiles in Corruption also exposes “the Biden 5,” detailing how Hunter Biden’s firms scored business deals with figures and entities tied to the governments of Russia, China, and Kazakhstan. It also reveals how Biden’s brothers seemingly benefited from his political stature. As Schweizer reveals, James Biden’s firm received $1.5 billion in government contracts despite a lack of experience in the international development industry. Profiles in Corruption also details Frank Biden’s connection to projects receiving millions in taxpayer loans over the course of the Obama administration.

Biden will continue to face mounting questions surrounding the benefits his family reaped as a result of his political influence as the Iowa caucuses kick off the Democrat primary election next week. While he is thought by some to be the Democrat party frontrunner, the RealClearPolitics average shows Sen. Bernie Sanders (I-VT) slowly closing the gap. The socialist Sanders has overtaken him in key early state polls over the last week.

Author: Hannah Bleau

Source: Breitbart: Joe Biden’s Sister Valerie Sent Millions of Joe’s Campaign Dollars to Her Own Consulting Firm

Sen. Ted Cruz (R-TX) accepted a challenge from actress Alyssa Milano to debate gun rights and the Constitution following the left-wing activist’s request to expose his “bullshit” to the American people.

“I’d be happy to sit down & visit next week about uniting to stop gun violence & about the Constitution. If we can have a civil & positive conversation—in the spirit of 1 Peter 4:8 as you suggest—despite our political differences, that might help resolve the discord in our Nation,” Cruz said Monday evening responding to Alyssa Milano.

Cruz’s acceptance follows a tense exchange between the Texas senator and the left-wing actress, who prompted the conversation after snarkily asking Christians to “cite which passage of the Bible God states it is a god-given right to own a gun.”

Cruz chose to address Milano’s question from every angle, using scripture, the founding documents, and real-life examples in defense of the liberty that upholds the Second Amendment.

“An excellent Q, worth considering carefully w/o the snark of Twitter. It is of course not the right to a modern-day firearm that is God-give but rather the right to Life & the right to Liberty. Essential to that right to life is the right to DEFEND your life & your family,” Cruz began.

He continued:

Stephen Willeford exercised that fundamental right when he risked his own life to stop the Sutherland Springs murderer, saving countless others as a result. St. George Tucker, one of the most important scholars in early America, explained the reasons behind the Second Amendment as follows: “This may be considered as the true palladium of liberty. The right of self defence is the first law of nature….”…in most govts it has been the study of rulers to confine this right w/in the narrowest limits possible. Wherever…the right…to keep & bear arms is, under any…pretext whatsoever, prohibited, liberty, if not already annihilated, is on the brink of destruction. That’s also why, post Civil War, disarming Black Americans was a critical objective of the KKK, and was memorialized in countless Jim Crow laws—to strip African-Americans of their God-given right to self-defense from violence.

Cruz ended his thread, discouraging Alyssa Milano and her ideological allies from “playing politics” and using these crimes to “as an excuse to violate the constl [constitutional] rights of law-abiding citizens”:

Milano did not immediately respond to the individual points Cruz made in the thread, dismissing his response and instead requesting a live-streamed meeting so she can expose his “bullshit” to the American people. She also cited 1 Peter 4:8 – “And above all things have fervent love for one another, for ‘love will cover a multitude of sins’” – and posted a graphic, showing Cruz’s support from pro-gun groups:

Alyssa Milano responded to Cruz’s latest tweet, saying “Great. I just called your office. They gave me your schedulers email address. I emailed to set up a meeting. Looking forward to it.”

Cruz has also been under fire from the mayor of Chicago after tweeting a Breitbart News article, detailing the violence that unfolded in the Democrat-controlled Windy City over Labor Day weekend.

“Gun control doesn’t work. Look at Chicago. Disarming law-abiding citizens isn’t the answer,” Cruz tweeted. “Stopping violent criminals—prosecuting & getting them off the street—BEFORE they commit more violent crimes is the most effective way to reduce murder rates. Let’s protect our citizens”:

Mayor Lori Lightfoot took issue with Cruz’s tweet and attempted to blame the mass violence in her city on nearby Republican states.

“60% of illegal firearms recovered in Chicago come from outside IL—mostly from states dominated by coward Republicans like you who refuse to enact commonsense gun legislation,” she wrote. “Keep our name out of your mouth”:

Author: Hannah Bleau

Source: Breitbart: Ted Cruz Accepts Alyssa Milano’s Challenge to Debate Gun Violence

Actress turned left-wing activist Alyssa Milano challenged Sen. Ted Cruz (R-TX) to a debate on gun rights but posed the event as a platform where she can expose Cruz’s “bullshit” to the American people firsthand.

“I’d love to come in and meet with you on the gun issue and many other issues that include life, liberty and the pursuit of happiness, @tedcruz and also, 1 Peter 4:8,” Milano wrote in response to Cruz’s lengthy thread, addressing one of her previous questions.

“I’ll be in DC next week. We can live-stream the meeting so the American people can hear your bullshit 1st hand,” the actor added.

The discussion started Sunday after Milano posed a question to evangelicals on Twitter, asking them to “cite which passage of the Bible God states it is a god-given right to own a gun”:

The tweet followed the news of the devastating shooting in the Odessa-Midland region, which resulted in seven deaths and 22 injuries.

Cruz responded to Milano’s question in a Twitter thread, writing in part, “An excellent Q, worth considering carefully w/o the snark of Twitter. It is of course not the right to a modern-day firearm that is God-give but rather the right to Life & the right to Liberty. Essential to that right to life is the right to DEFEND your life & your family.”

The Texas senator also explained the concepts of the founding documents and even cited a scripture, per Milano’s request:

Cruz also listed examples of heroes using firearms as a form of self-defense and gave the B-list actress a brief history lesson on the disarmament of citizens and what that generally meant in terms of power.

Cruz wrote:

Stephen Willeford exercised that fundamental right when he risked his own life to stop the Sutherland Springs murderer, saving countless others as a result. St. George Tucker, one of the most important scholars in early America, explained the reasons behind the Second Amendment as follows: “This may be considered as the true palladium of liberty. The right of self defence is the first law of nature….”…in most govts it has been the study of rulers to confine this right w/in the narrowest limits possible. Wherever…the right…to keep & bear arms is, under any…pretext whatsoever, prohibited, liberty, if not already annihilated, is on the brink of destruction. That’s also why, post Civil War, disarming Black Americans was a critical objective of the KKK, and was memorialized in countless Jim Crow laws—to strip African-Americans of their God-given right to self-defense from violence.

“Playing politics w/ these deranged crimes—and trying to use them as an excuse to violate the constl rights of law-abiding citizens—won’t make anybody safer,” Cruz closed. “Forcible gun confiscation (as some 2020 Dems urge) won’t prevent mass-murders. But it would weaken our self-defense.”

Milano, however, dismissed the time Cruz took to answer her question and instead requested a debate, so she can expose his “bullshit” to the American people. She also cited 1 Peter 4:8, which states, “And above all things have fervent love for one another, for ‘love will cover a multitude of sins.’”

It remains unclear why Milano would imply that the scripture contradicts Cruz’s argument, as self-defense — particularly, defending others in dangerous situations — is an act of love.

The activist also attempted to delegitimize Cruz’s position by tweeting a chart showing the support Cruz receives from pro-Second Amendment groups.

Cruz has yet to respond to Milano’s invitation.

Author: Hannah Bleau

Source: Breitbart: Alyssa Milano Challenges Cruz to Gun Debate: So America ‘Can Hear Your Bulls**t Firsthand’

President Trump tweeted Saturday that “major consideration” is being given to labeling the violent far-left group Antifa an “organization of terror.”

“Major consideration is being given to naming ANTIFA an ‘ORGANIZATION OF TERROR,’” Trump tweeted Saturday morning. “Portland is being watched very closely. Hopefully the Mayor will be able to properly do his job!”

Trump’s tweet follows Portland bracing for clashes between “The End of Domestic Terrorism” organizers and Antifa counter-protesters Saturday. One of the organizers of the planned event, Joe Biggs, said it serves as a response to the violent Antifa protests that broke out in the city last month, which resulted in the hospitalization of journalist and editor of Quillette, Andy Ngo. Video showed violent Antifa protesters punching and kicking Ngo and throwing milkshakes.

Ngo was taken to the hospital and kept overnight due to a brain bleed:

“That group of Antifa there in Portland needs to be exposed for who they are,” Biggs told the Associated Press Tuesday. “And guess what? They should be scared.”

Earlier this month, Portland Mayor Ted Wheeler sent out a warning to all who plan to “commit violence and spread hate” in the city, writing, “We. Don’t. Want. You. Here. Stop using our beautiful city and our home to spread fear and disrupt our lives.”

City police are prepared for any violent clashes Saturday and have many partner agencies on standby.

This is not the first time Trump has teased naming Antifa an “organization of terror.”

He wrote last month:

Consideration is being given to declaring ANTIFA, the gutless Radical Left Wack Jobs who go around hitting (only non-fighters) people over the heads with baseball bats, a major Organization of Terror (along with MS-13 & others). Would make it easier for police to do their job!

Author: Hannah Bleau

Source: Breitbart: Donald Trump Says ‘Major’ Consideration Given to Labeling Antifa an ‘Organization of Terror’

ESPN has pulled a trailer for Universal Pictures and Blumhouse’s The Hunt – a movie reportedly featuring liberal elites hunting red state “deplorables” for sport – over the weekend, a decision influenced by the mass shootings in El Paso and Dayton, that left over 30 dead and several dozen wounded.

An ESPN source confirmed that the film’s trailers will no longer air on the network, according to the Hollywood Reporter.

Over the Aug. 3 weekend, ESPN pulled an ad for the film that it had previously cleared, while AMC ran the spot during the season premiere of its drama The Preacher. It’s unclear whether the ads were identical, but the one yanked by ESPN opened with a sound resembling an emergency broadcast signal. A rep for ESPN parent Disney declined to comment on the move, but an ESPN source says no spots for the film will appear on the network in the coming weeks.

The film, which has been described as a gory satire featuring actresses Hilary Swank and Betty Gilpin, follows a group of elites who stalk and murder conservatives in red states. The hunters are fueled by their hatred of the “MAGA-type” characters and their right-leaning positions. While the term “deplorables” may not be explicitly stated in the trailer, Daily Mail notes that the “hunted” were, in fact, described as “deplorables” in the screenplay.

“The film was originally called Red State Vs. Blue State,” the Daily Mail reports.

It is not clear whether the filmmakers are sympathetic to the “Deplorables” or the “hunters.” Nevertheless, Blumhouse founder Jason Blum is a notorious Trump-hater who was booed off stage at the 32nd Israeli Film Festival in Los Angeles last year after blaming the president for the rise of anti-Semitism.

“A lot is on the line, the last two years have been hard for all of us who cherish the freedom as citizens of this country,” the BlacKkKlansman producer said, triggering boos. “As you can see from this auditorium, it’s the end of civil discourse. We have a president who calls the press the enemy of the people. Thanks to our president, antisemitism is on the rise.”

As Breitbart News reported:

Blum’s hit on President Trump was seemingly the final straw for Beverly Hills Pawn star Yossi Dina, who walked up to the Blumhouse Productions founder and attempted to physically remove him from the stage.

As Blum was being booed, he told the crowd, “And now I’m being physically removed, which is why Trump is not the right guy for us.”

Despite the controversy, executives reportedly intend to stand by Blum, as they view the film as “a satire addressing an issue of great social importance.”

As the Hollywood Reporter notes:

While one high-level Universal source says the studio has pulled some ads that are beginning to air and appear online “for content and placement,” others say the matter is still under discussion internally. A major ad blitz on television and the web had been planned for the beginning of September, says one insider. A trailer is already online.

Given the fraught political climate — particularly in the wake of the attack in El Paso, which was motivated by anti-immigrant bigotry — studio sources say Universal is evaluating its plans in what one called “a fluid situation.” A high-level insider says top executives want to stand by Blum, one of the studio’s most prolific and successful producers, as well as filmmaker Craig Zobel, and see the project as a satire addressing an issue of great social importance. But this person says plans could change “if people think we’re being exploitative rather than opinionated.”

From a business perspective, The Hunt presents a gamble for Universal in these divided times. The satire Assassination Nation, which also pitted the woke versus the unwoke in uber-violent fashion, represented the top sale at Sundance 2018 at $10 million. But the film fizzled upon its release later that year, earning just $2 million with no international rollout. Says one person involved with that film, “We thought people would get the joke.”

The Hunt is scheduled to debut September 27.

Author: Hannah Bleau

Source: Breitbart: ESPN Pulls Trailer for Movie Where Liberals Hunt ‘Deplorables’ for Sport

House Speaker Nancy Pelosi (D-CA) accused the Supreme Court of allowing the Trump administration to “steal military funds to spend on a wasteful, ineffective border wall” in reaction to Friday’s ruling, which allows the administration to transfer defense funds to begin the construction of the border wall.

The Supreme Court lifted an injunction Friday, giving the Trump administration the green light to transfer funds from the Defense Department to begin the construction of the border wall, per the president’s emergency declaration.

As Breitbart News reported:

The decision was largely along partisan lines, with all five Republican-appointed justices voting to lift the injunction, while all three liberal justices were opposed. Justice Stephen Breyer sought to have it both ways, allowing the process to go forward but not the construction: “There is a straightforward way to avoid harm to both the Government and respondents while allowing the litigation to proceed. Allowing the Government to finalize the contracts at issue, but not to begin construction, would al- leviate the most pressing harm claimed by the Government without risking irreparable harm to respondents.”

Pelosi slammed the ruling, declaring that the Supreme Court is giving the administration permission to “steal military funds” to spend on a wall, which she considers “wasteful” and “ineffective.”

“This evening’s Supreme Court ruling allowing @realDonaldTrump to steal military funds to spend on a wasteful, ineffective border wall rejected by Congress is deeply flawed,” Pelosi declared.

“Our Founders designed a democracy governed by the people — not a monarchy,” she added.

The Democrat-controlled House repeatedly dismissed the demands for wall funding earlier this year. Trump originally requested $5.7 billion for the wall, which Pelosi repeatedly rejected.

“There’s not going to be any wall money in the legislation,” Pelosi said during negotiations in January.

“Republicans on the Homeland Security Committee are wasting their time. Democrats, despite all of the evidence, proof and Caravans coming, are not going to give money to build the DESPERATELY needed WALL,” Trump tweeted at the time.

“I’ve got you covered. Wall is already being built, I don’t expect much help!” he added.

The president celebrated the political victory in a tweet Friday night, calling it a “big win.”

“Wow! Big VICTORY on the Wall. The United States Supreme Court overturns lower court injunction, allows Southern Border Wall to proceed,” he wrote. “Big WIN for Border Security and the Rule of Law!”

Author: Hannah Bleau

Source: Breitbart: Nancy Pelosi: Supreme Court Allowing Trump to ‘Steal Military Funds’ for ‘Wasteful, Ineffective’ Wall

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