Cash and Carry? Bailed-Out Firms Spread Millions Around DC

Banks and other companies taking federal bailout assistance spent $114 million on lobbying and campaign contributions last year, according to a new study. The Treasury Department last month announced rules to curb lobbying by firms who get a cut of the latest release of $350 billion in Troubled Asset Relief Program funds. Critics have called those rules too little, too late – they don't affect the millions in lobbying fees already paid out by bailed-out firms, and they don't apply to lobbyists...Full Story
Commenting on this article is closed.