By Bettina Damiani and Allison Lack
Good Jobs New York documents local taxpayer subsidies to six firms, and their role in the Temporary Assets Relief Program or TARP – American International Group, Bank of America, Bear Stearns, Citigroup, JPMorgan Chase, and Merrill Lynch. It finds that the deals have been plagued by porous contracts that lack accountability, very poor public disclosure and job losses. The report offers common sense transparency solutions.