-
Recent Posts
- Ford Bronco, Maverick Recalls for Front Suspension Failures
- Fires Park Outside! – Chrysler Pacifica Plug-In Hybrid EVs
- UAW Local 2093 Members Ratify New American Axle Contract
- Data Center Tax Abatements Threaten State Budgets and You
- Affordability – Used Vehicle Prices Hit Three Year High!
- Why Wars Are Costing Motorists So Much
- Mixed Results on Trump Auto Tariff, Policy Scorecards
- Striking UAW Reaches Tentative Agreement at American Axle
- Large Honda and Acura Recall Started for Suspension Failures
- Harley‑Davidson On-Shoring Motorcycle Production
- Vehicle Affordability – Price Increases Small as Incentives Grow
- Beware! Catalytic Converters are Pursued by Thieves
- Magna CEO Swamy Kotagiri Speaking on Decisions That Will Shape the Next Decade of Automotive Manufacturing
- First Look – Audi Tazio Nuvolari Hybrid Super Car
- Trump Thumped – U.S. Air Carriers Fuel Costs Climb 26%!
Recent Comments
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
Archives
Meta
Tag Archives: gao
Taxpayer Rip-off as Bureau of Land Management Discounts Royalty Rates on Our Property at 50% of Actual Market Value
The BLM oil and gas management program is one of the most important mineral leasing programs in the Federal government. The total value of production is over $33 billion, which generates more than $3 billion in royalty revenue annually from oil and gas leasing activities on public lands, most of which is shared with state and local governments, and nearly $1 billion in royalty revenue from activities on tribal lands, all of which goes to tribes or individuals. Continue reading
Posted in economy, energy
Tagged autoinformed, autoinformed.com, blm, gao, Ken Zino, tribal lands
Leave a comment
Treasury to Sell Preferred Bank Stock Acquired Under TARP
The U.S. Department of the Treasury announced today that it is starting secondary public offerings of the preferred stock it holds in seven so-called CPP institutions (Capital Purchase Program under TARP). The Troubled Assets Relief Program, which injected huge amounts of taxpayer cash into U.S. banks, was sold to the American public as a way to encourage banks to lend money to free up the frozen capital markets. From October 2008 through December 2009, Treasury invested almost $205 billion in 707 financial institutions as part of the federal government’s efforts to help stabilize U.S. financial markets and the economy.
However, some the banks used part of the funds to pay huge executive bonuses, repurchase stock and pay dividends, according to the Government Accountability Office. Now GAO concerns are being raised about the health of the banks remaining in the program. Continue reading
Posted in economy, financial results, news, news analysis
Tagged auto informed, autoinformed.com, automotive news, cpp, gao, Ken Zino, tarp, taxpayer bailouts, treasury
Leave a comment
