AIG, Freddia Mac and others getting federal help donated big money to the RNC

[cynatnite]

Insurance giant AIG donated $750,000 to help host the 2008 Republican National Convention, a gathering held only weeks before the firm needed an emergency $85 billion bailout from the Federal Reserve.

Mortgage giant Freddie Mac donated $250,000 to the RNC, according to newly released financial filings. One week after the convention, taxpayers essentially took over the firm, in order to prevent a financial calamity.

A number of U.S. financial institutions that were RNC donors are now receiving capital injections from the U.S. Treasury. Among them: Goldman Sachs (which donated $250,000) and Morgan Stanley (which donated $100,000).

There are also RNC donors among the nine institutions included in this week's Treasury rescue plan: JPMorgan Chase (which donated $100,000), and Wells Fargo (which donated at least $187,000).

http://www.twincities.com/news/ci_10737545?source=rss

[aquart]

1. Are you saying Lehman, not so much?