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Park Avenue Bank CEO Arrested for TARP Fraud

Park Avenue Bank CEO Arrested for TARP Fraud

Manhattan, New York – Earlier today, the Federal Bureau of Investigation, along with five other government agencies, announced the arrest of Charles J. Antonucci, Senior, ex-CEO of Park Avenue Bank.…

Bloomberg and the Fed Battle Over Bank Info

Bloomberg and the Fed Battle Over Bank Info

Bloomberg, the respected New York reporting site, is in a court struggle with the Federal Reserve over details of the 2008 bailout program. Bloomberg's parent company has been fighting for…

GMAC! Come On Down! You're the Next Company to Get Another Bailout!

One year in and the TARP money just keeps on rolling.…

Bailed Out Credit Companies Stick It to Consumers

What's the old saying about "looking a gift horse in the mouth"? Whatever that means, that's basically what bailed-out banks are doing to taxpayers.…

Nigeria's Massive Bad Loan Debt Prompts Government Bailout

Apparently, the measures taken by the United States Federal Reserve last fall are not as peculiar as we thought. Reuters reports that Nigeria is so stuffed with bad loan debt that the country’s…