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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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91.

jagger1024    

Wow - all this useless celebrity crap that has no effect on my life and now you do this. Guess I'll keep coming back. Yeah for Harvey!

1830 days ago
92.

Herbin’Gorilla    

WOW. TMZ, known for cutting through the spin...now engages in creating spin AND THANKING THEMSELVES for doing so. Cover the stories...not your assumption on how nothing would have happened save for TMZ.

1830 days ago
93.

Lisa    

Maybe you should write about issues you are actually knowledgeable about - if there are any.

1830 days ago
94.

shirley    


Thank you very much

Now why dont you see if all the Senators and govt workers pay their
income tax

1830 days ago
95.

a long time Leno fan!    

THANK YOOOOOOOOOOOU TMz, WE LOVE YOOOOOOOOOOOU!

:)

1830 days ago
96.

samantha    

FREAKING AWESOME!!

1830 days ago
97.

kasey    

nice job tmz

1830 days ago
98.

Padre Pauly    

Come on, TMZ. Not that you guys are reliable news, but all banks were FORCED to take federal money, even those that were solvent which Northern Trust was. They never wanted the money but were made to take it by the Bamster and his degenerate socialist minions so that Wall Street wouldn't go crazy when only a few banks took money.

You guys didn't do anything. Go back to covering Michael Jackson.

1830 days ago
99.

Misty    

Go TMZ!!!!! Why don't you watchdog all those other crooks too?

1830 days ago
100.

mewantjob    

Awesome job - keep hittin' 'em!

1830 days ago
101.

hahahahahha!!!!!    

Why no mention of Northern Trust's illegal below market rate they gave Obama when he "bought" his home from that crook Rezko? Why no mention of the thousands of dollars this bank donated to Obama's campaign? Why no mention of the numerous staffers that served during Obama's campaign that reside on the board of this bank? Hmm.....I wonder.....

1830 days ago
102.

gonzo1107    

Just another reason I love TMZ!

1830 days ago
103.

DLWarren    

You people are clueless if you think you had ANYTHING WHATSOEVER to do with Northern Trust returning TARP money.

1) They never wanted it nor did they need it,, they were instructed to take it so people couldn't differentiate between banks in trouble and banks who weren't.

2) They made it perfectly clear that they would return the TARP money and soon as the government would allow them to, which they said back in 2008,, months before the golf outing.

TMZ is either REALLY CLUELESS or just after more sensationalism.

I think both.

Morons,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

1829 days ago
104.

Kmbrly08    

Seriously.... Our government is go messed up... It really is up to you guys to take 'candid' photos/videos of what's really going on so we can get the true story.
If you hadn't.... What would have happened? The american people would have been out of over 1.5 [BILLION] dollars!!!

Props to you, and to the people who actually care.

1829 days ago
105.

George_Kelly    

TMZ is completely missing the point regarding the golf tournament and the sponsorship by Northern Trust! This golf tournament is about charity. I wonder how much money TMZ and Harvey have given to charity because I bet it nothing close to what this tournament and Northern Trust have done! How come you toot your horn on something that really has nothing to do with you and your reporting but when you make a huge mistake like stating that Kimo Leopold is dead, you just remove the story with no correction or apology - guess this is the new era of "reporting"

1829 days ago
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