Application for Bailout Funds Now Available Online – Go Get Some!

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The Treasury Department is all about efficiency these days. The original bailout plan that Secretary Paulson proposed, which has been quietly dumped, was just three pages. I guess it’s no surprise, then, that the application to get some sweet, sweet bailout bucks from the TARP Capital Purchase Program is just two pages. No joke, Taxpayers for Common Sense actually got a hold of the thing. If you’re interested in landing a spare billion, give it a shot. It won’t take you more than five minutes.

Wasn’t one factor in the housing crisis the fact that lenders gave home loans to people without checking credit and obtaining documentation of assets, salary, and other signs of financial health? And yet you get piles of cash from the Treasury with less paperwork than what goes into car loans, student loans, and most credit cards?

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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