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By PAUL KIEL, ProPublica
Starting with this post, we’ll be updating you every month on the status of the taxpayer-funded bailouts we track in our database — namely the TARP and government rescue of Fannie Mae and Freddie Mac. Recent reports by the New York Times and Wall Street Journal have drawn attention to the billions in revenue that the Treasury Department has collected from companies early in returning their TARP investments. While those returns have been encouraging, there’s no question that the taxpayer remains deep in the red.
Study: Georgia tied for most undercapitalized banks DeKalb duo plead guilty to ticket-fixing Chemical Safety Board report on deadly Imperial Sugar fire due Sept. 24 Atlanta water billing to be revamped Tom Barton: Missing Mike Bowers UGA denies improper burning of animal carcasses Oconee principal loses job after published article
(Opinion) Some $165 million in federal stimulus money could be used to reduce child poverty in Georgia, and state officials should seize the opportunity to put those dollars to work. So says Clare Richie, senior policy analyst at the Georgia Budget & Policy Institute. The money can be used for direct cash assistance and subsidized employment, but Richie notes innovative programs from other states that Georgia could also take on: car ownership, matched savings accounts, career planning and more.