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| Privatization 301 - Gerrymandering & Cartology: "If you do not live there, you cannot vote there." (Fall enrollment for the next #coloredrevolution starts soon!) |
This #coloredrevolution is about the color of property ownership heat ramping maps based upon meshed governmental databases through Public Private Partnerships of foreign operations for the purposes of stealin', and in this particular instance, I am focusing on TARP, Hardest Hit Funds, because I am the world's expert on stealin'.
Forced migration is a war crime, you know.
Elijah Cummings was the first to speak out upon the stealin' of TARP, a sophisticated, complex fraud scheme developed by "Legal Geniuses" (trademark pending) to execute the foreign invasion of the bloodless war using Predictive Modeling Crap to implement privatizations by stealin' the children, the land and the votes.
But, Trump is the first person to bear witness to stealin' in the public cybersquare by calling out Baltimore.
Voting is beautiful, be beautiful ~ vote.©
But, Trump is the first person to bear witness to stealin' in the public cybersquare by calling out Baltimore.
Now, the only question left is to figure out who will be the first to say TARP in Detroit.President Trump: "Baltimore has been very badly mishandled for many years. And you know Congressman Cummings has been there for a long time, he's had a very iron hand on it. It's a corrupt city, there's no question about it." pic.twitter.com/XE5Ds4rXy6— The Hill (@thehill) July 30, 2019
#sayhisname
State is 'gold mine' for human trafficking
Baltimore Received $1.8 Billion from Obama’s Stimulus Law
City burned despite ‘massive investment’ implemented by president
Cummings Introduces TARP Accountability Legislation
Companies receiving TARP funds would be required to publicly disclose expenditures
Washington, DC—Today, Congressman Elijah E. Cummings (D-Md.), a senior member of the House Committee on Oversight and Government Reform and member of the Joint Economic Committee, introduced the Accountability from Corporations for Outlays Under TARP (ACCOUNT) Act, which would require institutions receiving assistance under the Troubled Asset Relief Program (TARP) to report expenditures on corporate junkets, executive compensation and bonuses, and other employee perks.
“When these companies come to us on their knees begging for money and then turn around and continue the partying on Wall Street with the corporate junkets and million-dollar bonuses, it is nothing less than a slap in the face of the American taxpayers,” Congressman Cummings said. “The American people are now shareholders in these companies, and it is only right that we know how our money is being managed and spent.”
Congressman Cummings has been a leading critic of profligate spending by companies that have received TARP funding—particularly expenditures on executive compensation and bonuses, corporate junkets, and sports sponsorships—and is concerned about the lack of transparency with regard to how these institutions are spending taxpayer dollars.
Under the ACCOUNT Act, any company receiving TARP funds would be required to prominently disclose on its website its expenditures on corporate events and junkets, bonuses and compensation, corporate jet use and executive travel, club memberships, and lobbying. The information would be updated monthly.
“While my neighbors in Baltimore continue to lose their jobs and their homes, it becomes increasingly difficult for them to understand why AIG is taking their hard-earned money and then giving away more than a billion dollars in bonuses or why Citigroup is taking this money and then spending $400 million to put its name on a baseball stadium in New York,” Congressman Cummings said. “This bill is an important first step in bringing transparency and accountability to the distribution of TARP funds.”
111th CONGRESS
1st Session
H.R. 846
To require institutions receiving assistance under the Emergency Economic Stabilization Act of 2008 to report certain corporate data, and for other purposes.
February 4, 2009
Mr. Cummings introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To require institutions receiving assistance under the Emergency Economic Stabilization Act of 2008 to report certain corporate data, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SHORT TITLE.
This Act may be cited as the “Accountability from Corporations for Outlays Under TARP Act” or the “Account Act”.
REPORTING BY ASSISTED INSTITUTIONS ON CERTAIN EXPENDITURES.
(a) In General.—Title I of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5211 et seq.) is amended by adding at the end the following new section:
REPORTING BY ASSISTED INSTITUTIONS ON CERTAIN EXPENDITURES.
“(a) In General.—The Secretary shall require any financial institution that receives any assistance in any form under this title on or after October 3, 2008 (hereafter in this section referred to as the ‘assisted institution’), to publicize on the corporate website of such institution, in a prominent location on the homepage or on a dedicated tab or window accessible through a link prominently displayed on the homepage, the following information, which shall be updated on a monthly basis:
“(1) Total expenditures made by the institution on travel during the month for which the report is being made, including reports on expenditures on each of the following: plane fares, rental cars, hotel expenses, food purchases, and any other expenses incurred by corporate employees during travel.
“(2) Total expenditures made by the institution on lobbying (as defined in the Lobbying Disclosure Act of 1995) at both the Federal and State levels, including a list of the individual States where lobbying activity was conducted.
“(3) A list of the corporate events, including retreats, conferences, planning sessions, and office parties held at the assisted institution’s place of business or organized at any other location by the assisted institution, citing the city, State, and venue of the event; date of the event; number of attendees at the event; and the entire sum of expenses associated with the event paid by the assisted institution.
“(4) A list of the corporate jets owned and a list of the trips taken by corporate and non-corporate officials on these jets which shall cite the total cost to the assisted institution of operating the jets for each listed trip.
“(5) A list of the corporate sponsorships supported by the company citing the name of each entity sponsored and the amount provided to each sponsored entity.
“(6) A list of the automobiles provided by the assisted institution to employees of the institution and their values together with the cost to the assisted institution of the operation of each automobile.
“(7) The total amount of compensation provided to the employees of the assisted institution, including expenditures on each of bonuses of any kind, retention payments of any kind, and any other form of compensation, citing the form thereof.
“(8) A list of all club or corporate memberships maintained by the assisted institution citing the cost of each membership.
“(9) Total corporate expenditures on furniture, office equipment, and office renovations made during the period by the assisted institution.
“(10) Such other information as the Secretary may require to be disclosed or the assisted institution wishes to disclose.
“(b) Regulations And Compliance.—The Secretary shall—
“(1) prescribe appropriate regulations to implement and carry out this section; and
“(2) establish appropriate mechanisms to ensure appropriate compliance with the requirements of this section”
.
.
(b) Clerical Amendment.—The table of sections for title I of the Emergency Economic Stabilization Act of 2008 is amended by inserting after the item relating to section 136 the following new item:
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