Banks find extra money to hire lobbyists

[mookiemookie]

American Bankers Association

***8226;2010: $6,040,000

***8226;2011: $6,690,000

Wells Fargo & Co.

***8226;2010: $3,260,000

***8226;2011: $5,890,000

JPMorgan Chase & Co.

***8226;2010: $5,770,000

***8226;2011: $5,800,000

Citigroup Inc.

***8226;2010: $4,120,000

***8226;2011: $3,800,000

Bank of America Corp.

***8226;2010: $2,720,000

***8226;2011: $2,210,000

http://www.chicagotribune.com/busine...137,full.story

Take taxpayer money and bribe politicians with it for the best government money can buy. Can't see how that system would ever go wrong.

[gimpy117]

just another example of the banks socializing everything they can that costs them money. Remember Kids, privatize the profits, Socialize the losses

besides, these banks are scared S---less of new reforms. It makes it much harder for them to make a super fast killing (heaven forbid they have to go back to the old ways of safe practices that generate slower growth).

[1480]

Originally Posted by mookiemookie

http://www.chicagotribune.com/busine...137,full.story

Take taxpayer money and bribe politicians with it for the best government money can buy. Can't see how that system would ever go wrong.

mookie, haven't you learned that this is how Obama, Rahm, Daley, Jarrett were molded into politics.....We have been dealing with pay for play in Chicago for decades. As long as it stayed in Chicago, nobody cared. Now it's on the national stage, maybe some eyes will be opened.

[August]

Originally Posted by mookiemookie

Take taxpayer money and bribe politicians with it for the best government money can buy. Can't see how that system would ever go wrong.

Hey if it works for public sector unions why not for banks too?

[nikimcbee]

Originally Posted by 1480

mookie, haven't you learned that this is how Obama, Rahm, Daley, Jarrett were molded into politics.....We have been dealing with pay for play in Chicago for decades. As long as it stayed in Chicago, nobody cared. Now it's on the national stage, maybe some eyes will be opened.

Chicago politics are not corrupt!

[mookiemookie]

Originally Posted by August

Hey if it works for public sector unions why not for banks too?

It's not a left or right thing, its a left AND right thing.

Besides, I don't recall any public sector unions taking taxpayer money to make good on their investment bets that blew up the economy, and then turning around to lobby against regulations intended to prevent them from making investment bets that would blow up the economy.

[August]

Originally Posted by mookiemookie

It's not a left or right thing, its a left AND right thing.

Besides, I don't recall any public sector unions taking taxpayer money to make good on their investment bets that blew up the economy, and then turning around to lobby against regulations intended to prevent them from making investment bets that would blow up the economy.

No they just give their dues money to politicians who in return award them sweetheart contract deals, pass laws preventing outside competition and even allow their members to collect unemployment when they go on strike. That's somehow better?

But you're right both are bipartisan problems.

[yubba]

Well since the government, gave the banks the green light to rip off the american people in the first place what do you expect ??????? still haven't figured it out ???? and yet the U.S debt is 15 trillion dollars the super duper committe couldn't fine a trillion dollars to cut over 10 years and the FED prints more money to send to european banks, so are we bailing out europe now or spreading the wealth around in the name of redistrabution of wealth ????? Heck you are going to have to take out a loan to buy a can of peas so can eat your peas.