Taxpayer Money

Rich Germans Demand Higher Taxes

BBC NEWS | Posted 10.23.2009 | World


A group of rich Germans has launched a petition calling for the government to make wealthy people pay higher taxes....

Money Spent On Perks, Fringe Benefits Rose At Bailed Out Banks Last Year

Washington Post | Tomoeh Murakami Tse | Posted 10.20.2009 | Business


Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of t...

Concerns Grow About Another Mortgage Giant

nytimes.com | LOUISE STORY | Posted 10.08.2009 | Business


WASHINGTON -- First it was Fannie Mae and Freddie Mac. Now concern is growing that another government mortgage giant might teeter, just as the nation'...

Passive Bank Directors Pose Systemic Risks

Emma Coleman Jordan | Posted 11.22.2009 | Business


Emma Coleman Jordan

A new report finds that an amazing 92 percent of the directors of TARP recipients who were in place before the financial crisis of 2008 still hold their jobs.

SBA's ARC Loans Are Stimulating the Wrong Businesses

Jerry Chautin | Posted 10.22.2009 | Business


Jerry Chautin

SBA expects 60 percent of its ARC loans to go into default even though principal payments are not due for 12 months. So save this column to help you remember why you should be outraged.

Is Bank of America Bad for America?

John Hood | Posted 10.19.2009 | Living


John Hood

Here I am, one of the taxpayers who helped give Bank of America billions of dollars; hell, helped them buy Merrill Lynch for Zeus' sake! And still they fleece me every chance they can get.

Louisiana Dems File Ethics Complaint Against Vitter

The Hill's Briefing Room | Michael O'Brien | Posted 09.21.2009 | Politics


The head of the Louisiana Democratic Party filed an ethics complaint against Sen. David Vitter (R-La.) on Friday, accusing Vitter of using his taxpaye...

Public-Private Investment Program: What's the Point?

Jim Randel | Posted 08.27.2009 | Politics


Jim Randel

PPIP will put decisions about people in mortgage trouble into the hands of private capital with no interest in the public agenda.

Health Bill Might Direct Tax Money To Pay For Abortions

New York Times | ROBERT PEAR and ADAM LIPTAK | Posted 08.19.2009 | Politics


An Obama administration official refused Sunday to rule out the possibility that federal tax money might be used to pay for abortions under proposed h...

Payback's Not a Bitch: 10 TARP Recipients Get Green Light to Repay $68 Billion to Treasury

Jill Schlesinger | Posted 07.10.2009 | Business


Jill Schlesinger

For those who think that the government bailed out Wall Street, you're right and you're wrong. Yes, taxpayers extended a lifeline to ensure that the system didn't collapse, but in the case of these yet-to-be named players, taxpayers made out quite nicely.

The Greatest Swindle Ever Sold

Andy Kroll | Posted 06.26.2009 | Business


Andy Kroll

It's not your health that the government is focused on, it's theirs -- the very banks whose convoluted financial systems brought us to the brink of another Great Depression.

Sam Stein

Air Force One Photo Op Could Cost Taxpayers Between $27,500 And $213,000

HuffingtonPost.com | Sam Stein | Posted 05.29.2009 | Politics


With Reporting By Arthur Delaney The cost of an Air Force One photo-op over the Statue of Liberty that ended up frightening scores of New Yorkers lik...

"The Jim Crow Laws of the 21st Century": Will New York Change?

Odile Weissenborn | Posted 04.26.2009 | Politics


Odile Weissenborn

In New York, the 36-year-old Rockefeller Drug Laws may be massively overhauled.

Romer: "We're Pursuing Every Legal Means" To Undo AIG Bonuses

Huffington Post/Fox News/CNN | Marcus Baram | Posted 04.15.2009 | Politics


A growing bipartisan chorus of lawmakers is condemning insurance giant AIG for deciding to pay out $165 million in bonuses despite receiving $170 bill...

Sam Stein

AIG Outrage Dominates Sunday Shows

HuffingtonPost.com | Sam Stein | Posted 04.15.2009 | Politics


Republicans and Democrats alike expressed "outrage" with the news that insurance giant AIG had decided to pay out $165 million in bonuses despite rece...

Taxpayer Money: Banks Take $211 Million In Fees For Bond Auctions That Never Happened

Bloomberg | Darrell Preston | Posted 04.10.2009 | Business


March 10 (Bloomberg) -- From Carnegie Hall in New York to the Los Angeles bus and subway system, American taxpayers are paying investment banks millio...

Obama and Volcker: Economic Solutions, Good; Summers and Geithner: Financial Solutions, Not Good.

Saskia Sassen | Posted 02.27.2009 | Business


Saskia Sassen

The shadow banking system is not illegal or clandestine. It is in the open, but it has thrived on the opaqueness of the investment instruments, facilitated by their complexity.

Too Big to Succeed

John Standerfer | Posted 02.23.2009 | Business


John Standerfer

What we don't appear to understand yet is that no amount of money, time or regulation can possibly resolve this problem while a few banks continue to hold the entire nation hostage.

A Response To Rep. Elijah Cummings

Chris Weigant | Posted 12.25.2008 | Politics


Chris Weigant

The loopholes which allow such corporate excess were not exactly handed down to Moses on tablets -- each and every loophole was approved by Congress.

Friday Talking Points [55] -- "Bretton Woods II"? Not Quite.

Chris Weigant | Posted 12.15.2008 | Politics


Chris Weigant

I have to begin here today by stomping all over a cutesy term the media has come up with for the upcoming economic "summit" George W. Bush is holding ...

Dollars for Deception: How Taxpayer Dollars Support Fake Clinics

Katherine Spillar | Posted 12.08.2008 | Politics


Katherine Spillar

One particularly odious proposed change to HHS regulations would make it even harder than it already is for poor women to get abortions -- or even contraception.

Bill Clinton's Post-Presidential Perks Cost Taxpayers Almost As Much As Carter, Bush 41 Combined

Politico | By KENNETH P. VOGEL | Posted 04.18.2008 | Politics


The Clintons have made a $100-million fortune since leaving the White House, but a Politico analysis found that hasn't kept Bill Clinton from taking f...