| 
Results for taxpayers. Search took 0.71 seconds.
Jackson's funeral: taxpayers foot the bill
in Sox First, on July 9, 2009
...
The California economy is in meltdown. So why do taxpayers have to pay for Michael Jackson's funeral? An expensive live event for a dead superstar. The Los Angeles Times reports that inquir...
Will the Volt save GM?
in Sox First, on June 10, 2009
... Still, if there is anything that will guarantee sales of the Volt it's one thing. With the US taxpayers now holding 60% of the company, the Volt will be backed by the US Government....
What next for GM?
in Sox First, on June 4, 2009
...est car manufacturer? As Dennis Berman at The Wall Street Journal points out, the $65 billion in taxpayers' money is all part of the subterfuge. Instead of being handed over as a loan, it's...
Times' reporter's story a reminder: It's easy to fall into foreclosure nightmare
in The Mortgage Roadmap, on May 15, 2009
...gage loans with artificially low initial interest rates, are now placing a burden on the rest of us taxpayers who bought homes that we could afford.
They're always surprised when I tell them that...
Downturn easing without recovery
in Sox First, on May 12, 2009
...that's likely to be met with howls of derision from bond holders seeking more money from the US taxpayers. Every recession has to end. The question is how long and deep this one is going to be. A...
Testing stress tests
in Sox First, on May 5, 2009
...ck on it". As Bloomberg's Mark Gilbert points out, it's a meaningless exercise when taxpayers around the world are on the hook for the billions upon billions of dollars, euros, pounds ...
TARP fraud investigations
in Sox First, on April 21, 2009
...cop Neil Barofsky bemoaning the lack of accountability for the bailout funds being put up by US taxpayers. Clearly, the system is open to fraud and now we have the Los Angeles Times telling us ...
Bailout funds sink without a trace
in Sox First, on April 6, 2009
...As US PIRG reports: "Six months, $565 billion, 24 hearings and 364 reports later, the American taxpayers still don't know where their money has gone."...
Bailouts total $3 trillion with no oversight
in Sox First, on April 2, 2009
...om going up in smoke, and that the banks had shown no interest in disclosing how they were spending taxpayers' money. Barofsky said: "One thing, however, was apparent from the responses - co...
Car chiefs in the gun
in Sox First, on March 30, 2009
...ministration raising the bar for the industry, refusing to give GM and Chrysler any more money from taxpayers and instructing them to come up with new plans. Wagoner's departure coincides with ...
Non-profit newspapers? No way!
in Sox First, on March 25, 2009
...le that help shape the public's views and turning them into non-profits, in effect supported by taxpayers, undermines their independence. It also opens the door for Federal officials to grill prop...
Why Geithner's plan won't work
in Sox First, on March 23, 2009
...assets. "For the private investors, this is an open invitation to play heads I win, tails the taxpayers lose. So sure, these investors will be ready to pay high prices for toxic waste. After all...
AIG witch hunts: the new McCarthyism
in Sox First, on March 21, 2009
...rotest bus tours of their houses. Now, it's true that AIG only exists today for one reason: US taxpayers have forked out $173 billion to pay for what are essentially its gambling debts from credi...
The politics of AIG
in Sox First, on March 16, 2009
...
The political fallout from the AIG bailout will be massive. With $165 million in US taxpayers' money going to pay executive bonuses, the Obama administration is bailing itself for a backlash. ...
GM death watch
in Sox First, on March 6, 2009
...tors Deloitte say GM's survival is in serious doubt, and that's even with $30 billion of US taxpayers money. On one hand, it doesn't necessarily mean GM is about to go bust as the auditor ...
Norman: Take A Pay Cut
in Eagle Par Birdie, on February 28, 2009
...een it happen.
And now we learn that Wells Fargo Bank , recipient of some 25 billion dollars in taxpayers' bailout money and the new owner of Wachovia Corporation is dropping the Wachovia nam...
Auto catastrophe
in Sox First, on February 27, 2009
...ift going on in the market place that overshadows GM's ineptitude. Ford which is not receiving taxpayers' cash, for example, has lowered its forecast for 2009 US auto demand to 10.5 million, ...
GM and Chrysler's begging bowl
in Sox First, on February 18, 2009
...ll be around. The problem for GM and Chrysler is that it doesn't matter how much fat they cut, taxpayers' money won't help if there are no car buyers. And the flow through effect for the ...
Stimulus Hype: A Populist Plan? (Part II)
in Bizinformer, on February 9, 2009
...e examines a hypothetical "populist" stimulus package in which all 225 million American taxpayers would get a rebate check - not of $600 but of $10,000. The problem with that? Give me a mome...
TARP shortchanged taxpayers $78 billion
in Sox First, on February 7, 2009
...parency in the US Government's bank bailout package. The upshot is that it's likely to mean taxpayers' money is going down the drain. Now the Congressional Oversight Panel has put out a ...
Bank bailout failure
in Sox First, on February 3, 2009
...xic assets but there is one problem with that. How much do they pay? If it's too much, it hurts taxpayers, too little and the banks have to write down assets. And we are talking hundreds of billio...
Gaps In the Schedule
in Eagle Par Birdie, on January 28, 2009
...aking of economic debacles, sports writer, Steve Elling lambastes Chrysler Corporation for wasting taxpayers' money - bailout money, if you prefer - on the Bob Hope Chrysler Classic.
Except it ...
Most Corporations That Were Bailed Out Still Being Run By The Same CEOs
in Exclusive from our news room , on January 26, 2009
...nce the United States Government disbursed many billions of dollars to various corporations and the taxpayers are beginning to ask if the money delivered the desired effect.
Considering the number of...
Obama's options
in Sox First, on January 26, 2009
...s easier said than done. How much does the US government pay for toxic assets. If it pays too much, taxpayers suffer. If too little, the banks will have to write down their assets. None of these choi...
It's the End of January. Do You Know Where Your Rebate Data Is?
in The Personal Finance Weblog, on January 24, 2009
...uld affect your 2009 credit claim. If you got less than the maximum amount, which for most employed taxpayers was $600 per single filer ($1,200 for married couples filing jointly), you might be able t...
Thain's bonanza
in Sox First, on January 23, 2009
...was in serious trouble and the US government had to bail it out with tens of billions of dollars of taxpayers' money, but Thain continued to lavish himself with payments and luxuries. The Daily B...
Wall Street to Obama: the banks are insolvent
in Sox First, on January 21, 2009
...The problem is whether the Obama administration will be propping up zombie banks, at the expense of taxpayers and perpetuating the moral hazard issue. The question is whether the zombie banks can ear...
Are we all Keynesians now?
in Sox First, on December 30, 2008
...
With the United States government once more getting the taxpayers to bail out a hopeless business, this time announcing it would pump $6 billion into GMAC Financial Services, including $1 billio...
Goldman Sachs tax lurk
in Sox First, on December 17, 2008
... including Warren Buffett's Berkshire Hathaway. That's more than $20 billion raised from US taxpayers. But read the press release for the accounts and see how much less tax they paid. Accor...
Fixing broken boards
in Sox First, on December 8, 2008
...point independent directors on to boards. These directors would not be paid by the companies but by taxpayers. They would provide insights, ideas and oversight without being compromised. You can read ...
Is there a bailout strategy?
in Sox First, on December 3, 2008
...
The automakers want more taxpayers' money. Now they're asking for $38 billion, not $25 billion and have presented plans, detailed by Forbes , with GM cutting its stable of brands from eig...
Why the bailout won't save automakers
in Sox First, on December 2, 2008
...more and ever larger subsidies will be required to keep the doors of the Big Three open. Eventually taxpayers will run out of patience, or milk. To avoid discomfort now, we court catastrophe a short d...
Who's next in the bail-out bonanza?
in Sox First, on November 28, 2008
... right, we are likely to see most, if not all, US financial companies under government control. And taxpayers will be footing the bill.
...
Citi slickers
in Sox First, on November 25, 2008
... Citigroup might be a sign of more to come, and that's a worry for everyone. Not just American taxpayers but right around the world. The most incompetent president in US history has announced ...
Automakers flew to Washington in private jets
in Sox First, on November 20, 2008
...Big Three's chief executives flying to Washington this week in private luxury jets to ask for taxpayers' money. Talk about arrogance and stupidity! Is it any wonder that the chairman of the...
AIG's bigger bailout
in Sox First, on November 10, 2008
...sets recover. But if the US housing market stays in the toilet, the assets won't recover and US taxpayers will be footing the bill. Henry Blodget at Clusterstock sums it up well: "As if th...
Obama's to-do list
in Sox First, on November 7, 2008
... clamoring for favors. MarketWatch provides insights into how an Obama presidency will affect US taxpayers. We might well see him removing the tax on unemployment benefits and allowing people to ma...
Competing for bailouts
in Sox First, on October 27, 2008
... failed businesses are now competing for handouts highlights Wall Street's moral bankruptcy. US taxpayers are paying for mistakes perpetrated by a handful of companies that are not being held to a...
Corporate governance takes a back seat
in Sox First, on October 20, 2008
.... As part of the $700 billion bailout package, the US Treasury said financial institutions getting taxpayers money would have to adhere to stricter corporate governance rules and executive compensati...
Soros saw it coming
in Sox First, on October 17, 2008
...erie. Years before the implosion, Soros wrote: "Eventually, the US government will have to use taxpayers' money to arrest the decline in house prices. Until it does, the decline will be self-...
Bailout fails - what now?
in Sox First, on September 30, 2008
...there will have to be a new plan, one that's better than a strategy of buying toxic assets with taxpayers' money. Read about it in its report US - rejection! . The House reconvenes later this...
Can the bailout fix things?
in Sox First, on September 29, 2008
...providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, and for other purposes". It's the biggest financial rescue since the Great Depre...
Washington Mutual - another one bites the dust
in Sox First, on September 26, 2008
...on't take many more failures before the FDIC itself runs out of money." And once more, US taxpayers will be footing the bill, paying for the excesses of the reckless financial engineers who ...
My Sentiments Exactly
in The Personal Finance Weblog, on September 23, 2008
... administration. ... There are much better ways of dealing with this problem than forcing American taxpayers to pay for every asset some investor doesn't want anymore."
...
US taxpayers subsidize CEO pay
in Sox First, on August 26, 2008
...
US taxpayers are subsidizing CEO salaries by more than $20 billion a year through tax and accounting loopholes, according to a report by the Institute of Policy Studies. That is more than double...
Putting the squeeze on ratings agencies
in Sox First, on August 4, 2008
...ard& Poor's and Fitch for alleged deceptive and unfair practices that are said to have cost taxpayers millions of dollars. Richard Blumenthal, Connecticut's attorney-general, has accused ...
New Jersey May Allow Township Owned Slot Machines
in The Gambling Weblog, on June 19, 2008
...ot machines.
The plan is a bit clumsy and complicated but at least everyone benefits including the taxpayers who get something for their money.
Source:www.wikimedia.org
...
Chat Tax!
in Tech Without Wires, on June 18, 2008
...orcing the council to search for new revenue.
Timothy Bittle, director of leagal affairs for the taxpayers group said it best: "They're packaging it as a tax reduction and it's not. It&...
Failed audit in Iraq
in Sox First, on May 24, 2008
...t auditors have found that the contracting practices in Iraq are deficient. And a complete waste of taxpayers' money. The New York Times reports that the us army 's disbursement of $8...
FBI Issues Phishing Warning
in I got Spam?!, on May 24, 2008
... via e-mail. In addition, the IRS does not request detailed personal information via e-mail or ask taxpayers for the PIN numbers, passwords, or similar secret access information for their credit card,...
Fewer big corporations getting tax audits
in Sox First, on April 15, 2008
...than $250 million in assets delivered $7498 in additional taxes. And that puts more of a burden on taxpayers....
The Fed, the Bear and moral hazard
in Sox First, on March 25, 2008
...re to bear the risk of default. Professor Ann Graham says the bail out of Bear Stearns, which uses taxpayers money to guarantee the bank's troubled subprime mortgages, has all the features of mor...
SOX and the Bear deal
in Sox First, on March 19, 2008
...h. No longer is the Fed simply pumping money into the economy to promote lending. It is now putting taxpayers on the hook for investments of uncertain value and extending federal help to Wall Street f...
Spitzer's demise is Wall Street's gain
in Sox First, on March 13, 2008
The headline on The Wall Street Journal says it all: Wall Street Cheers As Its Nemesis Plunges Into Crisis. Andrew Sabin, a friend of Dick Grasso who Spitzer had sued to recover most of $190 million he had earned as head of the exchange, put it thus: "I said I'd buy Dick some champagne...
We Take High School Football A Tad Too Seriously
in End Zone Buzz, on March 7, 2008
... over a controversial shot.
Don't worry, it probably won't be that big of an expense to taxpayers. You know, buying the cameras. Then buying the televisions. Then hiring people to operate ...
IRS Increasing Tax Audits
in The Personal Finance Weblog, on February 1, 2008
...t Journal report says my chances are increasing:
Internal Revenue Service officials say audits of taxpayers making $100,000 or more rose 14% last year from 2006. Recent IRS data also show a 29% incr...
Presidential candidates' subprime solutions
in Sox First, on January 28, 2008
...ould put up some of money but it remains to be seen how that would be established. And in any case, taxpayers will still end up footing some of the bill. All up, the solutions seem vague. No one seem...
Overworked, overweight
in Sox First, on January 25, 2008
Governments and businesses are now looking at various incentives and penalties for employees to lose weight. but all of these are problematic and simplistic. There is no quick fix to this complex problem. The latest is the British Government's plan to offer fat people cash incentives to lo...
Buffett bonding
in Sox First, on January 2, 2008
...ncial markets. As Motley Fool points out, it will make good money. Cities and muncipalities (aka taxpayers) face higher costs because the bon insurers are likely to lose their top ratings which mea...
End of the boomers? Bring on the leeches
in Sox First, on December 18, 2007
Here's a warning for the boomers. The 2007 Financial Report of the US Government has found that the ageing baby boomer generation and rising health costs are going to drag down the US economy. And debt is simply unsustainable! "Simply said, holding revenues constant, required Medicare...
We Get Comments
in Under My Helmet, on December 7, 2007
...e will work until we see a federal mandate in place to prohibit kids under 16 from riding ATVs.
The taxpayers end up footing the bill for accidents, not to mention the pain and suffering of the victim...
Darling regrets
in Sox First, on November 23, 2007
...pressure for his role in the Northern Rock debacle, having poured £25 billion ($US51.6 billion) of taxpayers' money into the flailing mortgage-lender. Back in September, Northern Rock fell foul of...
Watchdogs warn about funds
in Sox First, on November 3, 2007
... funds to develop commercial software. In their letter , the National Legal and Policy Center and Taxpayers for Common Sense, argue that removing the earmark requests is an "important step in r...
Interior Department - cozy with oil companies
in Sox First, on September 26, 2007
...tops short of calling officials corrupt but points to major ethical lapses that might be costing US taxpayers billions of dollars in missed payments from the oil companies. The companies are underpay...
Hailing a Taxi - Now an Eco-Friendly Choice
in Philoneist, on August 27, 2007
...ontract for sure and they could use it. But who is paying the Ford bill do you think? New York City taxpayers must be jumping up and down and clapping their hands on this one!! Talk about an "inc...
Government Golf
in Eagle Par Birdie, on August 26, 2007
...r those who eschew such public/private sector arrangements - the NPC does not use a single dime of taxpayers' money , instead raising all the funds it needs through its various tourism-based oper...
CTIA Unleashes a Flash Attack on Google
in The Smart PDA, on July 26, 2007
...ernment handout" and "Google's proposed rules would rig the 700Mhz auction... turning taxpayers' money into corporate welfare") instead of thoughtful arguments? And why do they ...
The CTIA Fires an Opening Salvo Straight at Google
in The Smart PDA, on July 22, 2007
...e market capitalization approaching half a trillion dollars, don't need a government handout at taxpayers' expense. The competitive wireless industry welcomes all new entrants, but no company ...
Community Colleges Building Dorms
in The Universities Weblog, on July 13, 2007
...lege experience."
Then go to a four-year school, I say. Someone has to pay for construction. Taxpayers? Students? Donors? And how about staffing these dorms? And the liabilities associated with...
KPMG tax shelter indictments to be dismissed?
in Sox First, on June 25, 2007
...looking very bad. And despite the accounting firm flogging illegal tax shelters that cost US taxpayers billions of dollars, KPMG and most of the former partners involved in the scheme are walki...
