Friday, March 27, 2009

Senators steal taxpayer money under guise of PACs: Bailed-out banks give thanks by donating money to lawmakers

Mike Huckabee, a recent candidate for president and governor of Arkansas, is known to be a PAC porker, but even Huckabee wouldn't take PAC money from government bailed-out companies, unlike the senators mentioned in the following article from The Raw Story. The same senators who have spoke out with feigned indignity over the AIG controversy are busy collecting PAC money. House Majority Leader, Steny Hoyer, and House GOP Whip, Eric Cantor, lead the list of shame, but are followed by other senators who don't mind stealing tax payer money!  


By Jeremy Gantz

The federal bank bailouts may be giving new meaning to the term "kickback."
Many of the banks rescued last year with taxpayer money have contributed to the campaign coffers of some politicians who approved the bailouts, according to recent filings with the Federal Election Commission.

Read the whole article here.

If you want to read more about this subject NewsWeek has a good article titled "Follow the bailout cash."

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