From the Right Side of Campus

Tag: treasury

Shocker: Chrysler Won’t Repay Bailout Money

There goes that cash… straight down the money pit. But, hey, what’s $7 Billion among friends. Especially nowadays: Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part of its bankruptcy filing. This revelation was buried within Chrysler’s bankruptcy filings last week and confirmed by the Obama administration Tuesday. The filings included a list of business assumptions from one of the company’s key financial advisors in the bankruptcy case. Now, a pessimist might say that the bailout money has gone down the black hole that these failing companies

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Fox Business Wins Suit Against Treasury

Looks like the Treasury will actually how to tell us all how they’re wasting our money. That’s the end result of Fox Business Network’s Freedom of Information Act lawsuit against them: FOX Business Network has won a victory against the Treasury Department in its Freedom of Information Act request for details about the government’s bailout plan. Judge Richard J. Holwell of the U.S. District Court for the Southern District of New York said in a decision Friday that the government is directed to comply with FOX Business’s request under the FOIA “within 30 days and to produce a Vaughn index

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Paulson to Lend Money to Anybody Who Wants it

Gosh, doesn’t this sound familiar? The government stepping in to let just about anybody borrow money regardless of their circumstances. In fact, I’m relatively sure this is exactly what caused the problem in the first place. Ummm, yea, actually I’m completely positive of that. Hmm lets think back to the first presidential debate when Obama claimed that deregulation was the cause of our economic ills. Here was my reaction then: “Deregulation, Obama? Are you kidding? Was it deregulation that created organizations to give people loans that clearly weren’t qualified for them and never would have received them otherwise? Was it

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