Staff / TruthdigJan 23, 2009
Without skipping a beat, once-troubled financial entities are continuing to spend big to lobby Congress as they pocket billions in TARP bailout money. The lobbying is defended by the bail-outted firms as a "transparent and effective way" to be heard on policy issues. Dig deeper ( 1 Min. Read )
Staff / TruthdigJan 18, 2009
So, the government forks over a ton of money to flailing banks and, naturally, their customers (i.e., taxpayers) might expect to gain something from this helpful transaction as well, right? Guess again, customers. Dig deeper ( 1 Min. Read )
Staff / TruthdigJan 17, 2009
Ready or not, here comes Barack Obama -- let's hope he's ready, considering the nature of the action items topping his presidential to-do list. Dig deeper ( 1 Min. Read )
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Staff / TruthdigJan 16, 2009
The taxpayers' bank opened a new branch on Thursday: Uncle Sam just threw $20 billion Bank of America's way. The government is also on the hook for $118 billion more in crap assets. Bank of America chief Ken Lewis calls it the "deal of a lifetime." No kidding. Dig deeper ( 1 Min. Read )
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