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" ... "Modi has pretty much cleaned up the crony lending that was at the heart of some of the worst state bank loans," she says. "We have a lot of India in our portfolio. Everything is not perfect, but doubt we will have a repeat of those large defaults at Indian banks again." ... "
" ... In 1791 Alexander Hamilton received a 10-year tax exemption from New Jersey for his “Society for establishing useful Manufacturers” because the legislature believed “the granting [of] such Aid will be conducive to the Public Interest” (p. 83). Hmm, that justification sounds awfully familiar. And like today, many rightly criticized the plan for being unjust and arbitrary. So, the country’s first Secretary of the Treasury was also one of its first crony capitalists. ... "
" ... Such is the beauty of Aikman working Cowboys games. No television analyst for all their bluster, knows the Cowboys owner better than the former Cowboys quarterback who won three Super Bowls en route to the Hall of Fame. Aikman and Jones are practically neighbors. They are always one phone call away, Aikman is also close with Jason Garrett, the coach who was once his backup. Babe Laufenberg, also once one of Aikman’s backups, is the Cowboys radio analyst who is omnipresent at the team’s practice facility is another crony. You can be sure they hold nothing back when they talk to Aikman. ... "
" ... The onslaught Fortas’s elevation faced three years later marked a revolutionary break with these deep-seated customs. Republicans teamed up with Southern Democrats to orchestrate a filibuster, using the Senate’s ultimate weapon to target a Court nominee for the first time. Warren’s enemies accused the Chief Justice of timing his retirement to deprive a Republican president from naming his successor. Claiming Johnson was a lame duck—much like Mitch McConnell did in 2016—critics called for the next president to fill the vacancy. They also labelled Fortas a crony for his close ties with Johnson, exploited questionable payments he earned from teaching to tarnish his reputation, and invited social conservatives such as Charles Keating (of savings and loan fame) to brand Fortas a champion of criminals and pornographers. Aiming for the jugular, Strom Thurmond, among the Warren Court’s harshest critics, aired a series of adult movies in the Senate to highlight Fortas’s lax moral standards. ... "
" ... “I know of nothing in any of Jesus’ words in the New Testament that would suggest he would be in any way friendly to crony capitalism, to the use of government to get something at other people’s expense. This was a man who believed profoundly in the gift of free will, of personal choice, of volunteerism. He believed that a person’s character is determined by what’s in their heart and how they choose voluntarily to interact with others, not by what they say or by what we might compel them to do, but rather what’s in their heart. That is so central to the message of Jesus Christ.” ... "