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ThinkFast: July 1, 2009
Think Progress —
... Two weeks after Sen. Daniel Inouye’s (D-HI) staff contacted federal regulators, the Hawaii-based bank, Central Pacific Financial, announced it would receive $135 million from the Treasury Department. The bank holds the bulk of Inouye’s personal wealth. “Many lawmakers have worked to help home-state banks get federal money…But the Inouye inquiry stands apart because of the senator’s ties to Central Pacific.” ...
The Early Word: Road Tours for Health and Rural Access
The Caucus —
... behind last week’s House narrow passage of the climate change bill. The Washington Post takes on another deal, one involving staff members for Senator Daniel Inouye , the powerful chairman of the Appropriations Committee, who solicited aid for a small Hawaiian bank seeking bailout funds. Democrats at 60: Even Al Franken knows that winning his Senate seat, which gives the Democratic majority the required votes to ward off filibusters, isn’t a guaranteed legislative lock. At his news conference celebrating the Minnesota Supreme Court’s decision to award him the election, Mr. ...
Another Problem With Bailouts -- Political Persuasion
The Atlantic Politics Channel —
... The Washington Post today has the kind of article I hate to read. It explains that Senator Daniel Inouye (D-HI) may have used his political influence to reverse an FDIC ruling that a local bank should get bailout money. It gets worse: he helped to establish the bank and had most of his personal wealth there. ...
