Celebrity Justice
Taxpayers: In TMZ We Trust

Taxpayers: In TMZ We TrustWe never really thought we could say this ... but TMZ just helped enrich America ... to the tune of nearly $1.6 billion.

Remember our story about Northern Trust -- the bank that took federal bailout money and then hosted a lavish golf tourney in L.A. and catered swanky dinners with live entertainment from Sheryl Crowe, Chicago and Earth, Wind & Fire? And all the ladies got Tiffany gift bags. And we got video of the whole thing....

Well Barney Frank and other members of Congress were so pissed, Northern Trust agreed to return the money. We checked every week to see if the money was returned ... nothing. Until a few weeks ago!

Northern Trust has returned $1,576,000,000 -- that's $1.576 billion returned to the government.

You're welcome.



Tags: barney frank, earth wind and fire, goverment bailout, northern trust, NorthernTrust, sheryl crow

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1. Nice stuff tmz

Posted at 2:05AM on Jul 21st 2009 by Go0se

2. Thx.

Posted at 2:06AM on Jul 21st 2009 by LA

3. wow good work now follow goldman sachs around, they cant be up to any good

Posted at 2:06AM on Jul 21st 2009 by robert

4. It's about time they returned that money! Thank you, TMZ! :)

Posted at 2:08AM on Jul 21st 2009 by Jasmine

5. terrific!@!@! Harvey if you were right here, I would hug you but not that dumb blond guy..no hugs for him!@ :)

Posted at 2:09AM on Jul 21st 2009 by KB

6. Wow! Thanks, TMZ.

Posted at 2:09AM on Jul 21st 2009 by Helen

7. Way to go TMZ
no hater imposters please

Posted at 2:12AM on Jul 21st 2009 by elizabeth

8. Nothern Trust was a bank that was NEVER in trouble and did not need the money. The government forced them to take the money. It was a way though a loop hole in the law. Make all banks even those that did not need help take maoney so that they could help those that did. The politcal outrage was the normal BS>

That is why Nothern Trust continued on with their golf tournament. And they returned the money when they were scheduled to return it. It had nothing to do with this story that you "broke".

Posted at 2:29AM on Aug 24th 2009 by Kasey

9. That's 24 million short. So looks like we paid for the crow concert, and probably some bonuses. So don't brag until you make them pay the other 24 million that is still missing.

And had you not broke the story a actual reputable news source would have picked up on it.

Posted at 2:21AM on Jul 21st 2009 by to little

10. TMZ is like Ralph Nader.

Posted at 2:25AM on Jul 21st 2009 by paparazzo@frog.cc

11. *toot toot*

Posted at 2:27AM on Jul 21st 2009 by azh01e

12. Barney Frank? The money returned is already spent by 10,000 over. Obama and Frank are destroying this nation and you feel good about finking about waste? Turn your eyes on the WHite House then and tell us how much waste Obama has spent in just 6 months!

Posted at 2:29AM on Jul 21st 2009 by savvydude

13. Wow!! Thank you TMZ and Harvey!! Good Lookin' Out!!

Posted at 2:46AM on Jul 21st 2009 by Sue

14. Nice job TMZ? Right?

Maybe if you understood how the economy worked you wouldn't be so busy tooting your own horn! Northern Trust was loaned those funds and had to pay interest on them. In turn they used those funds to loan to consumers who needed loans. Now because of you there are less loans for consumers.

Now becasue of you and others, Northern Trust and others cut back on all of their travel costing jobs for a lot of rank and file employees at airports, taxis, hotel and restaurants. Yes, thank you indeed TMZ for your bogus short-sighted, naive understanding.

Yes, Northern Trust had repaid the monty so the Government can use it for sinkholes like GM and grossly overpaid retierment and health benefits for federal employees. Meanwhile Northern Trust's stock is up sharply and they are profitable. All of those employees who lost jobs becasue of less business...they are collecting federal unemployment from the government...

Posted at 3:41AM on Jul 21st 2009 by Jack

15. Nice job TMZ? Right?

Maybe if you understood how the economy worked you wouldn't be so busy tooting your own horn! Northern Trust was loaned those funds and had to pay interest on them. In turn they used those funds to loan to consumers who needed loans. Now because of you there are less loans for consumers.

Now becasue of you and others, Northern Trust and others cut back on all of their travel costing jobs for a lot of rank and file employees at airports, taxis, hotel and restaurants. Yes, thank you indeed TMZ for your bogus short-sighted, naive understanding.

Yes, Northern Trust had repaid the monty so the Government can use it for sinkholes like GM and grossly overpaid retierment and health benefits for federal employees. Meanwhile Northern Trust's stock is up sharply and they are profitable. All of those employees who lost jobs becasue of less business...they are collecting federal unemployment from the government...

Posted at 2:55AM on Jul 21st 2009 by Jack

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