If we are to get mad at this story where welfare recipients are spending money in places like Vegas and the Caribbean…
Georgia (video)
“An official with the Georgia Department of Human Services told CBS Atlanta that federal laws do not restrict how or where recipients of welfare cash assistance can spend those benefits.
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U.S. gave up billions in tax money in deal for Citigroup’s bailout repayment
No wonder Richard Parsons (seated in picture) of Citigroup didn’t bother making the trip to Obama’s so-called scolding.
Citibank Top Donor to Obama Inauguration
FOLLOW THE MONEY!
Related: “Even Without TARP, Banks Are Still Heavily Subsidized”
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Sooooooo….
The CBC brokers a deal to get access to $6 billion dollars added to the Wall Street regulation bill ($3 billion of it to provide “low-interest loans to unemployed homeowners in danger of foreclosure.”). Who do you think is going to issue those loans? The Congressional Black Caucus Bank of Black America? I already answered [...]
I have been following Propublica.org since the first “stimulus” bill earlier this year. When it comes to tracking how our government is spending/wasting money, they are doing a yeoman’s job. Below are quick bites from recent posts on that site. Bookmark ‘em.
“With the $700 billion TARP to focus on, it can be easy to forget [...]
“It’s safe to say we have stepped back from the brink, that there is some calm that didn’t exist before,” he told a crowd sprinkled with celebrities, including actors Jamie Foxx, Marisa Tomei and Kiefer Sutherland. (President Obama at a fundraiser held at the Beverly Hills Hotel on 5/27/09)
Let’s take a quick scan on how [...]
And if you believe that one, I have some Webvan stock I want to sell to you.
House Dems Find 13 Bailout Recipients Owe Back Taxes — After Telling Treasury They Didn’t
tpmdc.talkingpointsmemo.com
Just when you thought it was impossible to find more proof of the bungling of the bailout … Rep. John Lewis (D-GA), chairman of the [...]
Dec 20, 2008
“By March 31, 2009, the companies must prove their financial viability — meaning they are able to repay the bailout loans and have achieved a net positive value — or the government funds will be returned to the Treasury.” (more…)
February 3, 2009
From GM
“DETROIT – Driven by an 80 percent reduction in fleet sales, [...]
Community Banks Rejecting Fed Bailout Money
newsmax.com
WASHINGTON — A small but growing number of community banks are backing out of the government’s bailout, which they see as fraught with hidden strings and government interference.
About 20 banks so far that applied for or had been approved to receive about $1 billion combined in taxpayer money have reversed [...]
Combine all the bailouts so far and we are way over the $1 trillion mark. This does not include Obama’s American Recovery and Reinvestment Plan bailout.
The bailout so far: $7.8 trillion
Michael Rainey
As Peter Cohan noted earlier this week, the size of the corporate bailout in the U.S. is far larger than most reports would lead [...]
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