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Keyword: wallstbailout

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  • Taxpayers are still bailing out Wall Street, eight years later

    11/11/2016 8:23:35 PM PST · by Lorianne · 22 replies
    Washington Post ^ | 07 November 2016 | Renae Merle
    Eight-years after taxpayers rescued the U.S. financial system, some of the country's largest banks, including JPMorgan Chase and Wells Fargo, continue to receive billions in bailout money, according to government data. Wells Fargo is eligible for up to $1.5 billion in bailout funds over the next seven years. JPMorgan and Bank of America could receive $1.1 billion and $964 million respectively. The continuous flow of funds is a remnant of the $700 billion bailout effort, known as the Troubled Asset Relief Program or TARP, put in place during the financial crisis. Some of that money, about $28 billion, was carved...
  • CBO: Jobs Created and Saved By Stimulus Cost At Minimum An Average of $228,055 Each

    02/25/2011 8:22:03 AM PST · by unique · 23 replies
    CNS News.com ^ | Thursday, February 24, 2011 | Matt Cover
    (CNSNews.com) - The jobs created and saved by the economic stimulus law that President Barack Obama signed on Feb. 17, 2009 cost at a minimum an average of $228,055 each, according to data released yesterday by the Congressional Budget Office (CBO). Snip.......
  • Cozy Bedfellows--More on BP's Ties to Federal Government

    06/09/2010 10:26:19 AM PDT · by Welshman007 · 7 replies · 46+ views
    Conservative Examiner ^ | 6/9/2010 | Anthony G. Martin
    More information has been revealed on BP's ties to the federal government, indicating that the two make 'cozy bedfellows.' The latest information shows that the oil giant lobbied for the Wall Street bailout, the stimulus bill, tax hikes, caps on greenhouse emissions, cap and trade (the government's tax hike scheme to force Americans to pay heavily for their 'carbon emissions'), and subsidies for its development of so-called 'green energy initiatives.' Obama, key members of his administration, and Democrats on Capitol Hill viewed BP with favor and benefited handsomely from the multi-millions of dollars the oil giant gave to liberals. But...