Sunday, November 22, 2009

Sen. Dodd leads: TARP bailout funds used against taxpayers

From the HuffPo's Julian Hattem:

Twenty-five top recipients of government bailout funds spent more than $71 million on lobbying in the year since they were rescued, an extensive review of federal lobbying records by the Huffington Post reveals.

A year after taxpayers forked over $700 billion to help rescue the biggest names in banking, insurance and the automotive industry, those same institutions are using portions of the cash to influence legislation with a direct impact on taxpayers.

As Banking Chairman, Senator Dodd was a leader on TARP. He also led on the AIG bonuses by giving Tim Geithner the kitchen sink. And Dodd has led the opposition to transparency and good government by opposing the Ron Paul / Alan Grayson / Bernie Sanders / Jim Demint quest to audit the Fed.

America needs leaders. I'm just not sure that this is the type of leadership I want.

Tim White

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