Taxpayers Pay Millions to Mow Lawns of Foreclosed Homes (VIDEO)
~ 4closureFraud.org TweetRelated posts: Judge Rules against Freddie Mac and Fannie Mae, Taxpayers Will Recover Millions (VIDEO) CNBC Video | Let’s Bulldoze The Foreclosed Homes Because the “Fixtures,...
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Just a reminder: “Buffett Rule” that Obama won’t stop talking about is aimed...
Nuance. Via Sean Hackbarth. Remember, this gimmick is aimed at rich people who make most of their dough from capital gains, which of course are taxed at a lower rate than ordinary income in order to...
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Minnesotans paid $70 million in 2011 for green energy they didn’t need
Blowin’ in the wind. In March, we found out that taxpayers in the state of Washington had to pay for wind power that never got produced. Why should Minnesota be any different? The industry group for...
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Newt Gingrich’s Secret Service is costing taxpayers tens of thousands of...
“Just another example of Newt’s arrogance and self-importance.” Newt Gingrich said he’d be in the presidential race until Tampa — and he’s showing every sign of keeping his word. For the most part,...
View ArticleMatt Weidner | The 49 State Attorney General Mortgage Settlement – A Detailed...
THE NATIONAL MORTGAGE SELLOUT WEBSITE AND OFFICE OF INSPECTOR GENERAL AUDIT SUMMARIES ~ For more info, or to contact Matt, head over to his website here… ~ 4closureFraud.org TweetRelated posts: Matt...
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Video: Green-tech bust Solyndra busted for abandoning toxic waste
How green was my valley? Not much. So much for the “green” in green-tech stimulus. When Solyndra went bankrupt and flushed over a half-billion dollars in taxpayer money down the drain, it didn’t...
View ArticleInternal Documents Show Fannie Mae Believed Principal Reduction Would Save...
Internal Documents Show Fannie Mae Believed Principal Reduction Would Save Taxpayers Money Cummings and Tierney Question DeMarco’s Statements to Congress; Request Direct Interviews with Fannie...
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Video: Uncle Sam’s unlimited cell-phone plan
Taxpayers need a lifeline. Say — how’d you like to get a free cellphone? No strings attached, no contracts, and no payments ever. Don’t stop at one phone, either — get two, three, five, ten, twenty...
View ArticleMortgage Unit Troubles Ally (GMAC) Financial
Mortgage Unit Troubles Ally Financial WHEN General Motors was bailed out, the government sank $17 billion of taxpayers’ money into G.M.’s troubled finance arm, GMAC. Three years on, we’re still waiting...
View ArticleFHFA-OIG REPORT | Fannie Mae and Freddie Mac: Where the Taxpayers’ Money Went
Fannie Mae and Freddie Mac: Where the Taxpayers’ Money Went U.S. government intervention protected the numerous creditors – both domestic and foreign – who had purchased bonds and MBS issued by Fannie...
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The other union story from Tuesday
Fair value for a taxpayer dollar In the midst of the various celebrations taking place following Scott Walker’s victory in Tuesday’s recall election, it’s understandable if most of us missed another...
View ArticleNY Times | How Banks Could Return the Favor to Governments
How Banks Could Return the Favor LIKE millions of homeowners, shrewd state and local governments are looking to refinance. Interest rates have hit rock bottom. So why not save some public money by...
View ArticleFHFA Report to Congress
~ 4closureFraud.org TweetRelated posts: FHFA-OIG REPORT | Fannie Mae and Freddie Mac: Where the Taxpayers’ Money Went SIGTARP | January 2011 Quarterly Report to Congress HUD’s Report to Congress on the...
View ArticleBank For International Settlements Report: Big Banks Take Risks Expecting...
Bank For International Settlements Report: Big Banks Take Risks Expecting Taxpayers To Cover Losses FRANKFURT, Germany — Governments, banks and households struggling with too much debt are dragging...
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Yet another DOE-backed solar panel company bites the dust
Wow, Obama’s “investments” are just doing so much for the taxpayers’ portfolio! Good grief. I feel like these ailing Department of Energy-backed loan guarantees are so laughably many that they’re...
View ArticleTim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers...
Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount Timothy Geithner claimed on Wednesday that the government had no choice during the financial crisis but to lend to...
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Burning our food: The drought and the vice of ethanol
Guess who’s picking up the tab? It’s not going to come as a surprise to anyone who has stepped outside this summer, but the drought engulfing most of our major farmlands is hitting epic proportions....
View ArticleData Show Fannie, Freddie Savings From Debt Forgiveness
Forgiveness of Debt Could Yield Savings As the regulator for Fannie Mae and Freddie Mac nears its decision on whether to approve debt forgiveness for troubled borrowers, a new analysis by the regulator...
View ArticleGeithner Letter to FHFA Director on Principal Reduction
Geithner Letter to FHFA on Principal Reduction “I am concerned by your continued opposition to allowing Fannie Mae and Freddie Mac to use targeted principal reduction in their loan modification...
View ArticleCummings |“Incomprehensible” that DeMarco Would Throw Away Up to $1 Billion...
Cummings: “Incomprehensible” that DeMarco Would Throw Away Up to $1 Billion in Potential Savings for U.S. Taxpayers Washington, DC (July 31, 2012)—Rep. Elijah E. Cummings, Ranking Member of the House...
View ArticleStunning Crimes of the Big Banks: Worse than Your Wildest Imagination
Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have...
View ArticleCapital Account | Neil Barofsky on the Ongoing Bailout of Wall Street and the...
Neil Barofsky on the Ongoing Bailout of Wall Street and the lack Criminal Prosecutions Welcome to Capital Account. The legacy of the financial crisis and the response from the government is still...
View ArticleProof Positive that Government’s “Homeowner Relief” Programs Are Disguised...
Government Was Just Trying to “Foam the Runway” to Help Giant Banks We pointed out last year: Huffington Post notes, in a story entitled “New Obama Foreclosure Plan Helps Banks At Taxpayers’ Expense “:...
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Poetic justice: Solyndra’s glass tubes now part of a modern art exhibit
The fate of taxpayer-funded clean energy. The erstwhile solar company Solyndra, you’ll remember, received a more than $500 million loan guarantee from Obama’s Department of Energy clean energy program...
View ArticleQuelle Surprise! Former JP Morgan Chairman Offers Dubious Defenses of Big Banks
Quelle Surprise! Former JP Morgan Chairman Offers Dubious Defenses of Big Banks Ordinarily, it might not seem worth the bother to debunk yet another piece of bank propaganda. However Thursday’s op ed...
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$300 million taxpayer investment in Solyndra sold for … $90.3 million
Taxpayers get … bupkis. In 2009, the Obama administration approved a set of loan guarantees to Solyndra that totaled over $520 million, which supposedly would have created thousands of new jobs. Most...
View ArticleDrones to Patrol Skies, Ground During Republican Convention
“The Wraiths, also built by United Drones, have the capability of carrying surveillance cameras and even lethal and non-lethal weapons.” ~ Drones to patrol skies over Republican convention TAMPA —...
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