Late last year, we posed several questions to Banco Popular President and CEO Richard Carrion, in conjunction…
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Puerto Rico: Lingering Questions for Banco Popular’s Richard Carrion

Late last year, we posed several questions to Banco Popular President and CEO Richard Carrion, in conjunction with his appearance as a witness during a Congressional hearing on Puerto Rico’s public debt.

Our questions centered mainly upon his recent emergence as a staunch advocate of a unilateral restructuring of Puerto Rico’s debt, a bizarrely anti-lender stance for the head of the  Island’s largest bank.  Among our questions, we asked how Carrion’s bank had avoided the severe exposure to Puerto Rican debt experienced by the Island’s other lenders and citizens, and why Popular – a private sector leader by any definition – has been so reluctant to align with other private sector actors in negotiating a consensual debt solution between Puerto Rico and its lenders.


February 09, 2016 • 09:53 pm

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Notable Quotes
On Tuesday's OTHER Important News:

"The Supreme Court halted the EPA's major anti-global warming initiative late Tuesday evening, dealing a major blow to President Obama's hopes of overseeing a green energy transition in his final year in office.

The 5-4 decision by the court puts the Environmental Protection Agency's regulation on hold while a lower appeals court hears states' challenge to the rules.

More than two dozen states sued to stop the rules, which were intended to control greenhouse gas emissions from existing power plants. ...

While Tuesday's stay isn't a ruling on the actual merits of the EPA's regulations, energy industry backers said it suggested a majority of the justices are skeptical of what Mr. Obama did."

— Stephen Dinan, Washington Times
— Stephen Dinan, Washington Times
Posted February 10, 2016 • 13:16 pm
On Bernie and Hillary's America:

"Watching last Thursday's debate between Democratic presidential candidates Hillary Clinton and Bernie Sanders, one might have thought a Republican had been in the White House for nearly eight years.

"Hearing their complaints about the economy (bad), discrimination (rampant), health care (too many without it), unemployment (too many not working or working at low-paying jobs), it appeared hope had died and change is all we have left in our pockets.

"To hear these two ultra-liberals tell it, we are a horrible, miserable, evil nation. We are bigots, we are greedy because we won't surrender more of our income to the government gods, we hate anyone who isn't white, male and heterosexual, and we want to deport everyone who isn't a Christian.

"I wouldn't want to live in a country like that, would you? But that is not who we are. It is only who Democrats think we are."

— Cal Thomas, Syndicated Columnist
— Cal Thomas, Syndicated Columnist
Posted February 09, 2016 • 13:11 pm
On the Pentagon's Climate Change Priorities:

"The Pentagon is ordering the top brass to incorporate climate change into virtually everything they do, from testing weapons to training troops to war planning to joint exercises with allies.

"A new directive's theme: The U.S. Armed Forces must show 'resilience' and beat back the threat based on 'actionable science.'

"It says the military will not be able to maintain effectiveness unless the directive is followed. It orders the establishment of a new layer of bureaucracy -- a wide array of 'climate change boards, councils and working groups' to infuse climate change into 'programs, plans and policies.'"

— Rowan Scarborough, The Washington Times
— Rowan Scarborough, The Washington Times
Posted February 08, 2016 • 13:00 pm
On the Cost of ObamaCare on the 2016 Election Cycle:

"As most of the political world has been focusing on the presidential race, Obamacare has gotten off to a rocky start in 2016. This could be a major drag on Democrats come November.

"On Thursday, the Department of Health and Human Services reported that fewer than 13 million individuals signed up for Obamacare plans for 2016. ...

"This is significantly lower than the 21 million individuals the Congressional Budget Office initially projected the law would signup in 2016, below the downwardly revised 13 million CBO projection, and effectively flat from a year ago. ...

"This means that for the months, weeks, and days leading up to the election, the Democratic presidential nominee and all of the party's Congressional candidates are going to have to contend with news of sky-rocketing rates coming from Obamacare as insurers struggle to make the business profitable. Considering that Republicans owe their current House and Senate majorities to Obamacare, this should be a scary thought for Democrats."

— Philip Klein, Washington Examiner Managing Editor
— Philip Klein, Washington Examiner Managing Editor
Posted February 05, 2016 • 13:05 pm
On the President's Baltimore Mosque Visit:

"During the Cold War, the Soviet Union funded 'peace movements' throughout the west - because for the Soviets 'peace' meant 'the absence of opposition'.

"In our time the new peace movement is Islam. And so we are told today, from the podium of a mosque with 'extremist' 'links', that the very word Islam means 'peace'. Actually, it means 'submission' - ie, the absence of opposition.

"The only difference between then and now is that instead of being chanted by scrofulous hippies protesting outside a Nato air base the old line's being peddled to us by the President of the United States. Odd."

— Mark Steyn, Conservative Commentator
— Mark Steyn, Conservative Commentator
Posted February 04, 2016 • 13:36 pm
On President Obama's Hillary Clinton Email Problem:

"[W]e have a situation in which (a) Obama knowingly communicated with Clinton over a non-government, non-secure e-mail system; (b) Obama and Clinton almost certainly discussed matters that are automatically deemed classified under the president's own guidelines; and (c) at least one high-ranking government official (Petraeus) has been prosecuted because he failed to maintain the security of highly sensitive intelligence that included policy-related conversations with Obama. ...

"Law enforcement investigations are supposed to proceed independent of political considerations, but I'd wager few people believe the decision whether to indict Mrs. Clinton will be made by Attorney General Loretta Lynch alone. It will be the president's call. In making it, he may face a profound conflict of interest. A prosecution of Clinton might expose that Obama engaged in recklessness similar to Clinton's, albeit on a far smaller scale. Moreover, Clinton would likely argue in her defense that the president, who is ultimately responsible for safeguarding classified information, not only authorized Clinton to use private e-mail but knowingly used it himself in order to communicate with Clinton."

— Andrew C. McCarthy, National Review Institute Senior Policy Fellow
— Andrew C. McCarthy, National Review Institute Senior Policy Fellow
Posted February 03, 2016 • 13:27 pm
On Iowa Democrats' Message to Hillary Clinton:

"Iowa Democrats showed on Tuesday night that they are far from convinced that Hillary Clinton should be president.

"As Donald Trump was handily beaten by Sen. Ted Cruz on the Republican side of the ledger, and was in danger of being pushed into third place by Sen. Marco Rubio, Clinton found herself deadlocked with 74-year-old socialist Bernie Sanders. ...

"She blew a 50-point lead in the Hawkeye State against an elderly extremist whom the Democratic establishment see as far from an ideal champion of American progressivism. ...

"Clinton may well win the Democratic nomination. But her supporters in every state have good reason to be unenthusiastic about her, just as Iowans were on Monday night."

— The Editors, Washington Examiner
— The Editors, Washington Examiner
Posted February 02, 2016 • 12:51 pm
On the Clintons’ Political Legacy of Dishonesty:

"Spin and puffery have a long history in politics, but something has snapped in our culture that we no longer even expect our leaders to talk straight. We have become immune to lies and the liars who tell them.

"I blame it on the Clintons. Their survival despite a quarter-century of shameful dishonesty has lead the way in lowering the bar for integrity in public life. ...

"We would have better politics and be a better country if we had stopped the Clintons years ago. It was obvious before his election that Bill Clinton was a stranger to truth, and it soon became obvious that Hillary was no better. ...

"In a world that prized truth, she couldn't be dog-catcher. In our world, she could be president."

— Michael Goodwin, New York Post
— Michael Goodwin, New York Post
Posted February 01, 2016 • 13:23 pm
On Conservative Things That Matter:

"Despite what all the best and the brightest assured us was inevitable, the Republican party is in its strongest electoral position since the presidency of Herbert Hoover. It enjoys majorities in both houses of Congress, and commands a large majority of the state legislative houses and governorships. Conservatives have won important debates and political victories on everything from taxation to free speech to foreign policy. Those conservatives who complain that the Right hasn't accomplished very much forget where the country was in 1955 when National Review was founded and central planning was assumed by all the right people to be the model of the future, or where the country's domestic policies stood in 1980 or its national-security policies in 2000. ...

"[R]egardless of what happens on Election Day 2016, we will wake up in a world in which property rights need to be secured, free trade protected and expanded, government limited, the rule of law honored, children reared, citizenship cultivated, and enemies defeated. These are among what Russell Kirk called 'the permanent things,' and the defense of them, which we call 'conservatism,' is the permanent burden of free people. That isn't going anywhere."

— Kevin D. Williamson, National Review
— Kevin D. Williamson, National Review
Posted January 29, 2016 • 12:47 pm
On Bernie Sanders' Cult of Personality:

"Mr. Sanders has attracted a cult of personality among so-called millennials by advocating a revolution to topple the American political and market systems.

"Fundamentally, Mr. Sanders declares in a thick Brooklyn accent, gesticulating like an orchestra conductor, his campaign is about 'transforming the United States of America.' 'Millions of people ... have concluded it is too late for establishment politics,' he says. 'It is too late for establishment economics. They want this country to move in a new direction. They want to be part of a political revolution!'"

— Allysia Finley, The Wall Street Journal
— Allysia Finley, The Wall Street Journal
Posted January 28, 2016 • 13:14 pm
Question of the Week   
Which one of the following individuals is considered the architect of South Carolina’s (“First in the South”) presidential primary?
More Questions
Quote of the Day   
"The Supreme Court halted the EPA's major anti-global warming initiative late Tuesday evening, dealing a major blow to President Obama's hopes of overseeing a green energy transition in his final year in office. The 5-4 decision by the court puts the Environmental Protection Agency's regulation on hold while a lower appeals court hears states' challenge to the rules. More than two dozen states sued…[more]
—Stephen Dinan, Washington Times
— Stephen Dinan, Washington Times
Liberty Poll   

Of the 8 remaining Republican presidential candidates, which one is your current choice for the nomination?