treasury department

treasury department: Page 1

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AIG bonuses: just a cover for tens of billions to their counterparties? - 03/17/09

That's what disgraced former New York governor Eliot Spitzer thinks (link): Everybody is rushing to condemn AIG's bonuses, but this simple scandal is obscuring the real disgrace at the insurance giant: Why are AIG's counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars?

The $78 billion rip-off: Treasury overpaid for bank assets (TARP) - 02/06/09

From this: The Bush administration received assets that were worth $78 billion less than the amount it invested as part of the massive infusion of capital into the country's banks, congressional investigators have found. The investigators concluded that the Treasury under the federal bailout had invested $254 billion into companies but the preferred stock it got in return had a market value at the time of only $176 billion, or 69 percent of what the government paid, according to a congressional oversight panel report scheduled to be released today. Elizabeth Warren, the chairwoman of the...

"The Fastest Way To [profit from illegal immigration]" - 07/24/04

FirstData is the parent company of Western Union, and they're now a major processor of credit card transactions in addition to their original business of money transfer. As described here (rmpn . org/weblog/archives/permalink/002096.cfm), they've also decided to attempt to unseat U.S. Rep. Tom Tancredo (house . gov/tancredo/Immigration), who represents the district in Colorado where their headquarters are based.

"Mexican ID opens doors for undocumented workers in U.S." - 02/21/03

I created a thread here about the Dallas Morning News article "Mexican ID opens doors for undocumented workers in U.S." (link). The subtitle of the article is 'Critics say 'matricula' is a tool to facilitate illegal immigration', which in a way summarizes the whole article: it's mostly pro-Matricula Consular, with a few anti-MC comments thrown in for a semblance of balance. Of particular note: