Banks Still Blowing Bailout Cash

[Me.]

Unbelievable! These banks just don’t get it. What is it going to take to turn the money spigot off?

Troubled banks still donate to campaigns
By Silla Brush
Posted: 03/03/09 05:42 PM

“Firms receiving billions of dollars in government bailout money have continued to contribute large sums to political campaigns.

The eight largest banks’ political action committees (PACs) spent roughly $225,000, not including operating expenses, between Nov. 25 and the end of January, according to a review of year-end and February filings with the Federal Election Commission.

Those same eight banks have received $170 billion of the government’s $700 billion financial rescue package, passed in October and currently being reworked by President Obama’s administration.

PACs of other banks receiving more than $1 billion in bailout money spent roughly $75,000 over that same period. The firms spent more money at the end of 2008 than the beginning of 2009.” Cont…

http://thehill.com/business--lobby/troubled-banks-still-donate-to-campaigns-2009-03-03.html

AIG Spending Millions On PR Firms

http://www.breakingviews.com/2009/03/02/AIG%20PR.aspx?sg=false

[xchrom]

1. recommend

[Lost in CT]

2. Giving kickbacks to the politicians that are funneling billions of free taxpayer money

into your coffers isn't wasteful... it makes really good economic sense.

[Me.]

3. Yep

Making iyt like bandits

[tavalon]

5. Like?

[Me.]

6. You Got Me

Shouldn't insult decent bandits that way.

[slipslidingaway]

4. Thanks K&R n/t

[leftchick]

7. seriously why would they not do this?

The US Government give them cash with no strings attached what would you do. They need to be nationalized and regulated. It won't end until that happens.