ABSOLUTELY AMAZING Madoff, AIG Why do so few of you SEE BEYOND THE SMOKE AND MIRRORS.
I WILL SPELL IT OUT FOR YOU. THE GOVERNMENT IS BURNING A SACRAFICIAL LAMB AIG IN ORDER TO TAKE YOUR ATTENTION FROM WHERE THE MAJORITY OF THE MONEY IS REALLY GOING AND WHY. THEY HAVE YOU ALL FIXATED ON $100,000,000 ($100Million) in bonuses to these AIG (insert fav. profanity here) WHILE THERE IS $750,000,000,000 ($750 Trillion) GOING OUT THE BACK DOOR TO WHATEVER BANK WAS CONRIBUTING THE MOST TO CONGRESSIONAL LEADERS. WHY DO YOU THINK THEY LET BEHR STEARNS AND LEHMAN'S FAIL BUT NOT AIG OR CITI OR B of A. HELLO PEOPLE WAKE THE #### UP AND SMELL THE RAT(S). LOOK AND SEE THAT THE COMPANIES WHO RECIEVED THE MOST BAILOUT CASH WERE THE ONES THAT CONTRIBUTED THE MOST MONEY TO ELECTIONS AND "FAVOURITE CHARITIES" TAKE YOU EYES OFF THE SMOKE IT'S ALL B.S. PUT OUT TO BLIND YOU OF WHAT'S REALLY GOING ON. UNFORTUNATELY IT SEEMS TO BE WORKING.
Follow the Bailout Cash
Email To A Friend
Please fill in the following information and we'll email this link.
There was plenty of outrage on Capitol Hill last week over the executive bonuses paid out by AIG after getting federal bailout money. But another money trail could make voters just as angry: the campaign dollars to members of Congress from banks and firms that have received billions via the Troubled Asset Relief Program.
A NEWSWEEK review of recent filings with the Federal Election Commission found that the political action committees of five big TARP recipients doled out $85,300 to members in the first two months of this year—with most of the cash going to those who serves on committees who oversee the TARP program. Among them: Bank of America (which got $15 billion in bailout money) sent out $24,500 in the first two months of 2009, including $1,500 to House Majority Leader Steny Hoyer and another $15,000 to members of the House and Senate banking panels. Citigroup ($25 billion) dished out $29,620, including $2,500 to House GOPWhip Eric Cantor, who also got $10,000 from UBS which, while not a TARP recipient, got $5 billion in bailout funds as an AIG "counterparty." "This certainly appears to be a case of TARP funds being recycled into campaign contributions," says Brett Kappel, a D.C. lawyer who tracks donations. (A spokesman for Cantor did not respond to requests for comment. A spokeswoman for Hoyer said it's his "policy to accept legal contributions.")
The cash flow is already causing angst inside the Beltway. "The last thing I want to do is wake up one morning and see our PAC check being burned on C-Span," said one bank lobbyist, who asked not to be identified because of the issue's sensitivity. House Speaker Nancy Pelosi and House Financial Services chair Rep. Barney Frank both said recently they won't take donations from TARP recipients. But House Democratic fundraisers have quietly passed the word that the party's campaign committee will resume accepting them—down the road, though; not right now. Said one fundraiser, who also requested anonymity, "These are treacherous waters."
© 2009
Discuss