It’s Official: MoJo Interns Rejected for TARP Funds

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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.

TarpEmail.JPG

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

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You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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