ledgers

Just Give Me Money!

Posted 1/30/09 at 10:35am by jamie

The TARP was passed as an emergency life line to troubled banks, but read this:

A small but growing number of community banks are backing out of the government's bailout, which they see as fraught with hidden strings and government interference.

About 20 banks so far that applied for or had been approved to receive about $1 billion combined in taxpayer money have reversed course in the past month and refused to take the money. That's just a fraction of the hundreds of billions of dollars the government already has spent, but it shows that taxpayers aren't the only ones anxious about the financial bailout.

So they needed this money to stay in business, as the TARP was supposed to be used for, but they decided they didn’t want the money since it wasn’t just given to them. Sounds like these banks didn’t really need the money, but rather wanted it. In other words, the greed that got us into this huge mess is just being amplified with the TARP. Perhaps the feds should go in and check the ledgers of these banks to make sure they really aren’t getting ready to fail.

Ney The Corrupt

Posted 6/23/06 at 1:11pm by jamie

The report released by McCain’s Indian Affairs Committee sure makes it look bad for old Bob Ney. As matter of fact it looks like he may have done the same thing Clinton did to get impeached:

In the fall of 2004, Rep. Robert W. Ney (R-Ohio) told Senate investigators that he was unfamiliar with a Texas Indian tribe represented by lobbyist Jack Abramoff. Days later, evidence emerged that the congressman had held numerous discussions with Abramoff and the Indians about getting Congress to reopen their shuttered casino.

Ney's statements to staff members of the Senate Indian Affairs Committee were included in the panel's 357-page report on tribal lobbying, released yesterday after two years of hearings and investigation. Accompanied by more than 1,000 pages of e-mails and financial ledgers, the report catalogues the now mostly familiar story of how Abramoff and his lobbying team of former congressional aides bilked half a dozen tribes out of more than $80 million.

So we got Ney lying to a Senate committee about his knowledge and involvement in the deals. Let’s look at exactly what he lied about:

Ney's Nov. 12, 2004, interview with committee staffers took place amid a flurry of front-page newspaper articles about how Abramoff and his associate Michael Scanlon had flimflammed the Tigua tribe. The two first worked secretly with anti-gambling forces to close the casino and then convinced the tribe that for $4.2 million, they could get Congress to come to its rescue.

In his interview with the committee staff, "Congressman Ney said he was not at all familiar with the Tigua" and could not recall meeting with members of the tribe, the report said.

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