$200 Million?

Here we go again. Someone in the US Government did not do what he or she was supposed to do. Wow what a shock. It seems that according to the TARP (Troubled Asset Relief Fund) legislation, all of the companies that were to receive bailout money were supposed to be up to date on paying their taxes. However it has now been found that at least 13 of those companies owe back taxes to the tune of over $200 million dollars. Two of those firms owe over $100 million each. Well you may be asking yourself, exactly how did the Treasury Department determine who was up to date on taxes and who was not, so they would know whom to and who not to give money to? Surely they would have asked them for their most recent tax returns, or at the very least take the time to check with the IRS right? NO the Treasury relied on a signed statement from those firms. Billions of taxpayer dollars available simply by signing a paper that stated you were up to date with your taxes. Wake up America before it is too late.

Richard Loftis