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Taxpayers: In TMZ We Trust

7/21/2009 3:00 AM PDT BY TMZ STAFF

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.

130 COMMENTS

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16.

Joann    

Big, big kudos to you TMZ. Y'all know your stuff and how to work it.

1897 days ago
17.

Hussie    

While I'm willing to give credit where it's due, I think TMZ is being a bit presumptuous as to their part in this debacle...

Sure, TMZ "may" have reported on this gross mismanagement of taxpayer money, but they didn't single handedly get those funds back...
More likely than not, it was due to "We, the People..." raising hell over how OUR money was being spent...

If TMZ wishes to play politics, then it had better be prepared to get dirty...Now, I suggest that TMZ stay hot on the trail of EXACTLY where this money goes (formerly ACORN, now COII) if they're truly interested in earning the taxpayers trust...
Until I see one single ounce of journalistic integrity from TMZ, instead of tabloid sensationalism, I will continue to consider this an "Entertainment ONLY" site...

1897 days ago
18.

Good Goin'    

Good job TMZ and Harvey! I'm so glad you guys kept checking on whether the money was returned. That's a lot of OUR MONEY that they never should have gotten in the first place.

I really hope you guys do more stories like this to keep Washington under control.

1897 days ago
19.

Jazzy    

IN TMZ WE TRUST Hey,now let's print that on our money!TMZ rocks!! ; )

1897 days ago
20.

annie    

Good job TMZ.

1897 days ago
21.

Andie    

Right on, TMZ! Y'all ROCK on every level...

1897 days ago
22.

Stephanie    

BIG HUGS TO YOU ALL, YOU MAKE THE WORLD A BETTER PLACE, CAN YOU COME OVER TO LONDON NOW? CAUSE THERE IS TONS OF SHADY SHIZ GOING DOWN HERE, AND I'D LOVE TO WORK FOR TMZ HAVING WORKED IN TV FOR MANY YEARS :)

1897 days ago
23.

bitzod    

IT was a laon and that had to be payed back nothin at all to do with tmz.Fake BS story made up like a brat.Just like the jackon estate battle BS the estate will stay the same as MJ set it all up years ago.IT IS A NO CONTESTIBLE WILL.

1897 days ago
24.

Linda Mott    

When can you all get to Washington, D.C. and help them to cut from the rest of the budget? We need people like you to look out for us!

1897 days ago
25.

Kara    

Way to go! It's about time the banks are held accountable!!!

1897 days ago
26.

hahahaha!    

Wow, no wonder we are in such trouble.. you people can't give credit where due because you are too busy looking to hate the 'opposing team'. Idiots. Yes Barney Frank was one of the loudest to raise a stink, but hey he is gay and a democrate so nothing he does counts anyway to half of you. And yes the money was LOANED to the bank so it could be used to loan consumers ... did they do that with the money NO.. they misused it... I can't believe you morons are so willing to fu@k yourselves and the rest of country rather than admit the other guy did something right. The money was never put to the economy , it was never used to stabilize, it was never used to provide loans to the working guy looking to borrow.......it was used so the jerk offs who leeched and got fat from 'We the people' could have a big old party and nice fat bonuses. Wake up.

1897 days ago
27.

Phoebe    

Great work TMZ!

1897 days ago
28.

Fan Since 2007!!!    

Obama counts as a celebrity in my book.
What's the lowdown on that birth certificate, TMZ?

P.S. Thanx!

1897 days ago
29.

Fan Since 2007!!!    

Jack,

Oh Boo Hoo,
Sorry dawg, no tears here,

Seems like the employees grievance is with NT for attempting to screw the American taxpayer rather than TMZ for ecposing them.

Lame.

1897 days ago
30.

Kate    

A very big thank you to TMZ! Maybe we can hope for a repeat performance...

1897 days ago
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