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Mon Jun 10, 2019, 02:37 PM

Trump administration has given $200K in U.S. farm bailout to a corrupt Japanese firm

More than $200,000 meant for struggling American farmers was given earlier this year by the Trump administration to a grain supplier owned by a Japanese corporation with a history of corruption — the second foreign-controlled company to be showered with such bailout cash, federal records show.

Columbia Grain International, an Oregon-based subsidiary of Japanese trading powerhouse Marubeni, was awarded two taxpayer-funded bailout contracts in February from the U.S. Department of Agriculture for green and yellow split peas with a combined worth of $203,000, according to previously undisclosed purchase reports seen by the Daily News.

The bailouts were issued despite Marubeni having been prosecuted by the U.S. Justice Department for criminal violations of the Foreign Corrupt Practices Act that resulted in the corporation having to pay more than $140 million in fines, according to court papers.

JBS USA, a Colorado-based subsidiary of Brazil’s JBS SA, the largest meatpacker in the world, has received at least $62 million in bailout cash from the same pot of federal money, as first reported by The News last month.

The JBS payouts stoked outrage among congressional Democrats and industry watchdogs, who questioned how subsidizing a massive foreign-owned corporation would help farmers in the American heartland.

“There is no excuse for the Trump administration’s rampant waste of taxpayer dollars,” Blumenthal (D-Conn.) said on Friday.

https://www.nydailynews.com/news/politics/ny-trump-200k-farm-bailout-japanese-corporation-american-farmers-20190609-mjbchz6kefe33nnu7x4roymlbi-story.html

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Reply Trump administration has given $200K in U.S. farm bailout to a corrupt Japanese firm (Original post)
left-of-center2012 Jun 2019 OP
Wellstone ruled Jun 2019 #1
duforsure Jun 2019 #2

Response to left-of-center2012 (Original post)

Mon Jun 10, 2019, 02:48 PM

1. Do not forget

the hundreds of thousands paid to the China Army for their portion of the Smi.thfield Fams(Pork Processors bail out in the same bill.

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Response to left-of-center2012 (Original post)

Mon Jun 10, 2019, 03:16 PM

2. And farmers support this?

And will support trump , again? They have to be as crazy as he is if they do. He'll sell them out in a heartbeat if it'll make him look good, or put a dollar into his pockets. There is many reasons no Americans bankers will do business with him again. He's a liar and a crook. You can also wonder how much of that was going back into his campaign contributions so he could funnel it back to himself with.

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