Follow BeltwayBlips on Twitter
Blog Reactions
News: Bank Draws Heat for L.A. Parties After Taking Feds' Money
Politics Daily: Barney Frank to Bank: Give Us Back Your Bailout Money
Pat Dollard | Young Americans: Obama-Rezko Bailed Out Bank Throws Week-Long Oscar Bash
TPMMuckraker: Dems Tell Northern Trust To Repay Taxpayers For LA Spending Spree
Oliver Willis: Northern Trust Has Big Party With Bailout Money
Bank Draws Heat for L.A. Parties After Taking Feds' Money
News —
... Northern Trust bank is drawing scrutiny for having thrown parties in Los Angeles this past weekend, despite having received $1.6 billion in (unsolicited) assistance from the federal government. According to the Hollywood gossip website TMZ.com , the Chicago-based bank sponsored a golf tournament this past weekend, performances by Sheryl Crown and Earth, Wind & Fire, and rented out rooms in pricey hotels for clients and employees. Northern Trust participated in the Treasury Department's Capital Purchase Program (CPP) voluntarily, helping meet the government's goal of gaining ...
Barney Frank to Bank: Give Us Back Your Bailout Money
Politics Daily —
Filed under: House, Democrats, Republicans, Economy, Obama AdministrationFile this one under the category of "what were they thinking?" TMZ caught Chicago-based bank, Northern Trust Corp., spending a lot of green in L.A. last week on a serious of lavish parties and concerts - Earth Wind & Fire and Sheryl Crow, for example. They even flew hundreds of clients and employees to the CIty of Angels and put them up at hotels like the Beverly Wilshire and Ritz Carlton in Marina Del Rey. The kicker? The bank got $1.6 ...
Obama-Rezko Bailed Out Bank Throws Week-Long Oscar Bash
Pat Dollard | Young Americans —
... this is the bank Obama/Rezko used for the mortgage onf the Obama mansion in Chicago.
Were this Halliburton or some bank or company linked to Bush?Cheney you had better believe the MSM would be ripping this to shreds for days.
If you click on the TMZ link below you will find an open poll as to who is to blame for this.
Here’s the tally so far:
Who’s to blame?
Congress 57%
Northern Trust 43%
Total Votes: 43,110
TMZ:
Bailout Bank Blows Millions Partying in L.A.
A bank that received ...
Dems Tell Northern Trust To Repay Taxpayers For LA Spending Spree
TPMMuckraker —
... congressional committee citing reporting by TMZ (or maybe not!), Democrats on the House Financial Services committee, led by Rep. Barney Frank, have sent a letter to the CEO of Northern Trust bank, demanding that the bank re-pay taxpayers for a lavish spending spree -- featuring a Sheryl Crow concert and gifts of Tiffany's trinkets -- surrounding a recent golf tournament it sponsored for clients.
The splurge, which took $1.5 billion in bailout money last fall, was first reported earlier today by TMZ.com, the entertainment site.
TMZ offered a rundown of ...
Northern Trust Has Big Party With Bailout Money
Oliver Willis —
No more.
Northern Trust flew hundreds of clients and employees to L.A. and put many of them up at some of the fanciest and priciest hotels in the city. We’re told more than a hundred people were put up at the Beverly Wilshire in Bev Hills, and another hundred stayed at the Loews Santa Monica Beach Hotel. Still more stayed at the Ritz Carlton in Marina Del Rey and others at Casa Del Mar in Santa Monica. ...
Another TARP bank boondoggle - this time it's the Ritz & LA parties
AMERICAblog News| A great nation deserves the truth —
TMZ has photos from LA including the Northern Trust limos for the posh golf outing. They also link to the exclusive menu for the private party they hosted. Somehow ...
Bailed-out bank eliminated 450 jobs and then spent millions on lavish parties in LA.
Think Progress —
... because “the macroeconomic environment has been extraordinarily difficult.” But as TMZ reports, that hasn’t stopped the bank from spending “a fortune last week in L.A. hosting a series of lavish parties and concerts with famous singers”: ...
Righteous TARP Fury! (In the form of a SWL.)
Daily Kos —
... -- which picks up a story that appears to have originated at, of all places, TMZ.com -- reports that TARP bailout recipient Northern Trust Corp. has been partying it up even as they've been on the dole. ...
TMZ Becomes Useful: Bailed Out Bank Goes Nuts
Hoffmania! —
... They truly are crackheads in the banking industry. Chicago-based Northern Trust fired 450 people, accepted $1.6 billion in bailout money, then turned around and partied their asses off. Way to embarrass yourselves and the country, jackasses. ...
TMZ: Barack Silent on Luxe Parties by Bank Who Gave Him Unusually Low Mortgage Rate
Debbie Schlussel —
... We've been calling the White House for the last day, trying to get a reaction from the Prez on our story about the lavish parties Northern Trust threw in L.A. last week. We finally got a statement back -- "No comment." ...
Today in Banking News
Shakesville —
... It could very well be that the banks he's trying to contact don't exactly want to be completely forthcoming about their usage of bailout funds: ...
Shots from the Show 2/25
Tammy Bruce —
... Call and email the RNC and Steele demanding Palin as the voice of the party. Let's be serious--the DOP cannot afford another Jindal Moment.
RNC
Office of the Chairman (Steele)
Phone: 202-863-8700
Fax: 202-863-8820
Email: Chairman@gop.com
Israel: Iranian nuclear test 'bad news'
Home mortgage relief for millions of illegals
Fact Check: Obama's Words on Home Aid Ring Hollow
Bailout Bank Blows Millions Partying in L.A.
Komodo Dragon Attacks Ranger In Island Hut ...
Business as Usual
WTF Is It Now?!? —
Thanks for the desperately needed bailout money, suckers - Wednesday, Northern Trust hosted a fancy dinner at the Ritz followed by a performance by the group Chicago. - Thursday, Northern Trust rented a private hangar at the Santa Monica Airport for dinner, followed by a performance by Earth, Wind & Fire. - Saturday, Northern Trust had the entire House of Blues in West Hollywood shut down for its private party. We got the menu -- guests dined on seared salmon and petite Angus filet. Dinner was followed by a ...
Geithner: Bank Nationalization Is ‘The Wrong Strategy For The Country’
Wonk Room —
... ,” so there will be a return on the investments. And while there would be a return, it doesn’t change the fact that the government would be sinking a lot of money into these banks without gaining authority and accoutnability over the use of taxpayer funds. The banks could simply work to maximize short-term gain — or throw lavish parties — and there would be very little Treasury could do about it. ...
Jocks and Rock Stars
The Agitator —
... Northern Trust got a cool $1.6 billion in bailout money. But that didn’t stop the bank from paying millions to sponsor a PGA golf tournament. Not only that, but TMZ reports the bank also few hundreds of clients and employees to L.A., put them up in ritzy hotels, then threw bitchin’ parties with performances by Sheryl Crow, Chicago, and Earth, Wind & Fire. Women got trinkets from Tiffany’s. They rented out the House of Blues. Your tax dollars at work! ...
The Last Guy You Want 'Helping' Banks
Real Clear Politics - TIME.com —
... while most of its peers were deep in the red. It's in our national interest for Northern Trust to invest in its business, turn a profit and add to its capital base so it can keep lending. What about the symbolism? How does it look for Northern Trust clients to sip champagne at the Ritz Carlton in Marina del Ray or listen to a performance by Earth, Wind & Fire at a private hangar at the Santa Monica Airport when formerly middle-class folks are lining up at food pantries? I don't recall much outrage when the R&B band entertained the nation's governors at the White House a few ...
