Published 2/24/2009
at L.A. Times - Politics
The money can be converted from preferred stock, giving the government voting shares, while erasing big dividend payments.
>
Federal officials told banks Monday that infusions of government bailout money would come with new strings attached -- specifically, the potential that taxpayer dollars could be converted into voting shares that would give the government more influence over how their institutions were run.
(link)
Tags:
Related Content
Northern Trust Defends Lavish Spending (despite taking bailout money)
democraticunderground.com 2/24/2009 — Source: [b]WBBM780[/b]
CHICAGO (WBBM) - Chicago's Northern Trust is defending the money it spent last week on events surrounding a PGA golf tournament it sponsors.
Critics are questioning the lavish parties and concerts because Northern Trust took over $1.5 billion in government bailout ...
Bailout Bank Blows Millions Partying in L.A.
tmz.com 2/24/2009 — Filed under: Celebrity Justice A bank that received $1.6 billion in bailout money just spent a fortune last week in L.A. hosting a series of lavish parties and concerts with famous singers ... and TMZ cameras caught it all.Northern Trust, a ...
Dilbert on Bailout Hearings
reason.com 2/26/2009 — For more Dilbert, go here . Reason interviewed Scott Adams way back in 1999. A snippet: I find that I do not align with any well-established political viewpoint that has a name associated with it. So I've called myself pro-death. I looked for what ...
The Pap Attack: Bank of America's Taxpayer Hustle
airamerica.com 2/26/2009 — Bank of America has certainly been having a good time spending tens of billions of dollars worth of tax money that they received from their bailout. From Super Bowl parties to corporate retreats, they aren't letting a single penny go to waste. Mike Papantonio issues a fiery Pap Attack to Bank ...