Taxpayers are still bailing out Wall Street, eight years later

How Did the Taxpayer Make Out on the Wall Street Bailout? By Pam Martens and Russ Martens: November 12, 2015 Landing in our inbox this week was an 86 page report from the Government Accountability Office (GAO) on the current status of the Troubled Asset Relief Program (TARP).

New American Dream: Wells Fargo received the largest estimated federal income tax subsidies – .6 billion (2014) New American Dream: Wells Fargo’s foreclosure hustle gave WFB $36 BILLION in Federal Aid; New American Dream:Taxpayers are still bailing out Wall Street, eight years later; Petition in Support to honest lawyer Lanre O. Amu

The Emergency Economic Stabilization Act of 2008, often called the "bank bailout of 2008," was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush.The act became law as part of Public Law 110-343 on October 3, 2008, in the midst of the financial crisis of 2007-2008.

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Wells Fargo is eligible for up to $1.5 billion in bailout funds over the next seven years. JPMorgan and Bank of America could receive $1.1 billion and $964 million respectively.

Even long-time China bulls such as large investor thornburg Investment Management are bailing out of Apple and the companies in its. The administration’s warning came after the import tax rate.

 · Bailing Out Wall Street Won’t Save Main Street by Moshe Adler Wall Street must be saved for the sake of Main Street, Secretary Paulson and Chairman Bernanke tell us.

And the situation is looking no better, according to sources from inside the meetings who spoke with The Wall Street. out, and Athens will face official defaults unless there’s a deal soon. Greece.

Taxpayers are still bailing out Wall Street, eight years later By Renae Merle / The Washington Post Monday, November 7th, 2016 at 1:19pm

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In November, Big Three automaker CEOs were ridiculed by Congress for taking private jets to Washington to plea for a federal bailout. Subsequently, the CEOs quickly curbed their jet travel. wall.

By comparison, Wall Street executive bonuses last year – not salaries, but bonuses, for a single year that saw the whole mess collapse and the taxpayers handed the broom – came to $18 billion.

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