‘Stealth Bailout’ Shovels Millions of Dollars to Oil Companies

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‘Stealth Bailout’ Shovels Millions of Dollars to Oil Companies

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As it headed toward bankruptcy, Diamond Offshore Drilling Inc. took advantage of a little-noticed provision in the stimulus bill Congress passed in March to get a $9.7 million tax refund. Then, it asked a bankruptcy judge to authorize the same amount as bonuses to nine executives. Read the full article here

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