It’s Official: MoJo Interns Rejected for TARP Funds


Well, it looks like it’s official. Despite our considerable efforts, Mother Jones is getting no federal bailout funds. According to YooJin Na at the Office of the Comptroller of the Currency, “your organization is not eligible for the TARP-CPP.” Supportively, he included a link to the Treasury Department’s special Emergency Economic Stabilization Act website.

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But that’s only one G-man’s opinion—we have yet to hear the verdict from the other places we applied. So there’s still hope.

Like Matthew Lesko and Edwardsville, Alabama, we know there’s got to be federal money for everyone somewhere. We’ve condensed the already pretty effortless Troubled Assets Relief Program (TARP) application process below, so you too can test your luck.

Apply for your bailout, in two frighteningly easy steps:

1. Fill out this form.

2. Email it to the Federal Deposition Insurance Corporation at assessments@fdic.gov, the Office of Thrift Supervision at webmaster@ots.treas.gov, the Office of the Comptroller of the Currency at Customer.Assistance@occ.treas.gov, or the Federal Reserve. Try all four to maximize your odds.

It pays to take your chances: 27 minutes for a possible 30-billion-dollar payout. That’s sure better than than waiting tables.

—Alexis Fitts and Daniel Luzer

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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