Free Beacon

Treasury Approved Big Bonuses for Ally, GM, AIG Execs

BY: Washington Free Beacon Staff — January 29, 2013 9:36 am

The Treasury Department approved large compensation packages for executives at three firms that received bailout funds, the special inspector general for the Troubled Asset Relief Program found in a new report.

GM: Still $42B in the Hole

Taxpayers on the hook for billions despite Obama’s claims to the contrary

BY: Bill McMorris — July 26, 2012 2:26 pm

Despite President Barack Obama’s stories about a resurgent GM ready to repay its bailout tab, the automaker and its former bank still owe taxpayers nearly $42 billion, according to an inspector general’s report.

Untrustworthy Ally

Treasury is keeping billions of taxpayer dollars in America’s most troubled bank to spare President Barack Obama the embarrassment of another failed bailout, experts say

BY: Bill McMorris — April 25, 2012 5:00 am

The Treasury Department is keeping billions of taxpayer dollars in America’s most troubled bank to spare President Barack Obama the embarrassment of another failed bailout, according to financial experts.