What Doesn’t TARP Stand For?
Michelle Malkin has her own understanding of what TARP stands for; I have mine.
Taxpaying A**holes Reamed by Poltroons.
That’s why she’s media royalty and I’m stuck walking the Bloodthirsty Puppy.
While a few big firms, such as Wells Fargo and JP Morgan Chase, have curtailed their campaign giving, others are quietly doling out cash to select members of Congress, particularly those who serve on committees that oversee TARP. In recent filings with the Federal Election Commission, the political action committee for Bank of America (which got $15 billion in bailout money) sent out $24,500 in the first two months of 2009, including $1,500 to House Majority Leader Steny Hoyer and another $15,000 to members of the House and Senate banking panels. Citigroup ($25 billion) dished out $29,620, including $2,500 to House GOP Whip Eric Cantor, who also got $10,000 from UBS which, while not a TARP recipient, got $5 billion in bailout funds as an AIG “counterparty.” “This certainly appears to be a case of TARP funds being recycled into campaign contributions,” says Brett Kappell, a D.C. lawyer who tracks donations. (A spokesman for Cantor did not respond to requests for comment. A spokeswoman for Hoyer said it’s his “policy to accept legal contributions.”)
Totally Amoral Rejects Pad?
Trashing America for Real Profits?
Take All Riches Posthaste?
Posts about Michelle Malkin as of March 23, 2009 » The Daily Parr said,
March 23, 2009 @ 9:37 am
[…] Malkin is reporting at her site , that rallies were also held over the weekend in Raleigh, NC What Doesn’t TARP Stand For? - bloodthirstyliberal.com 03/23/2009 Michelle Malkin has her own understanding of what TARP stands […]
Carol said,
March 23, 2009 @ 9:05 pm
Or look at it from a different point of view. It wasn’t bribes they were paying, it was protection money. Congress has the biggest racket in the world: “nice little business you have there; it’d be a shame if it happened to be taxed out of existence.” Remember the lesson of Bonasera in “The Godfather”: you have to pay your tribute. If a business or business association doesn’t pay its protection money to Congress, pretty soon they won’t be able to get anyone to listen to their problems.
Totally Amoral Representatives’ Pad it is. Remember: when the legislature can determine what can be bought and sold, the first thing on the block is the legislators themselves.