The Reality of Tax Appropriation Via Bailout Sets In
Chrysler’s full-page thank you advertisement to American taxpayers has provoked an unintended reaction.
As for the price of the ad, which ran in USA Today and the Wall Street Journal (among others), Judson Berger with Foxnews.com found that “A full-page ad in The Wall Street Journal runs between $206,000 and $264,000, and a full-page ad in USA Today runs between $112,000 and $217,000.” So, there is little surprise that the advertisement has spurred some critical remarks.
On the same topic, Citigroup’s $400 million contract to name the newly built Mets stadium “Citi Field” came into question as Republicans Vincent Ignizio and James Oddo suggested the stadium’s name be modified to “Citi/Taxpayer Field” in order to pay homage to those who kept the company afloat.
The FDIC recently clarified that transparency concerning federal bailout money is a requirement rather than a suggestion. Three major companies in Missouri that received financial aid include: Blue Valley Bancorp (Kansas City), which received $21.75 million; Hawthorne Bancshares Inc. (Lee’s Summit), which accepted $30.26 million; and Enterprise Financial Services Corp. (Saint Louis), which accepted $35 million.
