TARP Overseer Initiates 20 Criminal Probes

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The bad news: 20 criminal investigations into people who have tried to rip off the TARP program have been initiated by federal prosecutors, with more investigations likely. The good news: at least we’re going after these people in a timely fashion.

If you agree the bailout is necessary, you have to accept some amount of this — any pile of money that big is going attract people seeking to filch some of it, and the best we can do is try to stop them before they are successful and catch them afterward if they are, which appears to be what the Obama administration is doing. I am officially not outraged.

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FOLLOW THE MONEY

Corporations and billionaires don’t fund journalism like ours that exists to shake things up. Instead, support from readers allows Mother Jones to call it like it is without fear, favor, or false equivalence.

And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

$400,000 to go: Please help us pick up the pace!

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