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Ian Millhiser: It's Not Just EFCA: Banks Spend TARP Funds on Anti-Consumer Lobbying
Politics on HuffingtonPost.com —
... , it hosted a conference call with movement conservatives and business heavyweights in order to organize opposition to a piece of pro-union legislation. But Bank of America's anti-worker crusade is only the tip of a much larger iceberg. As a recent report at Overruled reveals, the banking industry has continued a massive anti-consumer lobbying campaign, even as it took hundreds of billions of dollars in TARP funds to stave off insolvency. ...
The Influence Your Money Can Buy: Post-Bailout Lobbying Numbers
TPM Election Central —
... (For true TARP geeks, here's a great rundown of the cavalcade of legislation that sparked the lobbying interest of bailout participants.) ...
Are You Feelin' Sorry For The Poor Banksters Yet?
DownWithTyranny! —
... Have you met anyone who thinks shoveling more billions of dollars to these dead-asses is actually a good idea? And now we hear that aside from taking the money meant to unfreeze the credit markets and dividing it up among themselves as "performance bonuses" and golden parachutes, they're also using the money to hire lobbyists to further corrupt the political system, to ...
Arianna Huffington: The Credit Card Debt Crisis: The Next Economic Domino
Politics on HuffingtonPost.com —
... From us. There may not be much transparency about the hundreds of billions of taxpayer dollars doled out through the TARP program, but we know where at least some of the money has gone: into making sure that none of the Bankers Gone Wild behavior that led to the current disaster is curtailed. ...
CAMPAIGN LAUNCH: Tell Congress “No More Dough Till We Know Where It Goes”
Firedoglake —
... Sachs, Merrill Lynch and other domestic and foreign financial institutions."
• The House passed the TARP Reform and Accountability Act on January 16, which would provide increased conditions, transparency and accountability for Wall Street bailout funds. The Senate is refusing to take up the legislation.
• Even as banks are receiving federal bailout money, they are gouging credit card holders to squeeze them for profits during tough economic times and spending taxpayer dollars to successfully lobby against reform.
• The conflict of ...
Stop Corporate Lobbying With Taxpayer Money
Seeing the Forest —
... , “The companies' political activities have, in part, yielded them $295.2 billion from TARP, an extraordinary return of 258,449 percent.” TARP recipients are currently lobbying against compensation caps at companies receiving TARP, against increasing bank regulation – and even against increased oversight of the use of TARP funds in the TARP Reform and Accountability Act! They are also lobbying against the Arbitration Fairness Act, the Fairness in Nursing Home Arbitration Act, the Mortgage Reform and Anti-Predatory Lending Act and the Helping Families Save Their Homes in ...
Dave Johnson: Stop Corporate Lobbying With Taxpayer Money
Politics on HuffingtonPost.com —
... TARP recipients are currently lobbying against compensation caps at companies receiving TARP, against increasing bank regulation - and even against increased oversight of the use of TARP funds in the TARP Reform and Accountability Act! They are also lobbying against the Arbitration Fairness Act, the Fairness in Nursing Home Arbitration Act, the Mortgage Reform and Anti-Predatory Lending Act and the Helping Families Save Their Homes in Bankruptcy Act, Credit Card Holders Bill of Rights and the Stop Unfair Practices in Credit Cards Act! ...
