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Companies and Corporations

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Top Companies and Corporations Articles see all

Displaying items 1-5
  • What Are We About to Buy for $1 Trillion?

    On Sept. 18, Treasury Secretary Henry Paulson announced that he would seek approval from Congress to create a new government entity to buy assets from U.S. financial firms, to relieve those companies of their debt and prevent a collapse of the Western world's financial system. Paulson repeatedly referred to the new entity as the "Troubled Asset Relief Program," or TARP.
  • Primer on the Federal Bailout of Fannie Mae and Freddie Mac

    Who are Fannie and Freddie?: Fannie and Freddie are private corporations implicitly (until Saturday; now explicitly) backed by the federal taxpayers. Congress chartered both companies (Fannie in 1938, Freddie in 1970) to "create liquidity" in the mortgage...

    Your Tax Dollars At Shirk

    An audit of the state agency that doles out loans and grants to corporations on the theory that they'll create lots of jobs has (again) found no confirmation of the jobs created. As it did in 2001 and 2005, the state Department of Legislative Audits...

    Patterson Park CDC Files for Bankruptcy

    A row of homes in East Baltimore rehabbed by the PPCDC. | Image by Erin Sullivan On Feb. 17, the Patterson Park Community Development Corp., an East Baltimore nonprofit that tried to revitalize the area north of Patterson Park by rehabbing rowhomes and...

    AIG Update

    AIG, the giant insurance firm we taxpayers have given $173 billion to keep from collapsing, has lately got itself in the news for paying out a "contractually obligated" $165 million to the key employees of its "Financial Products Division." Financial...