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Re: Who are the good Congress people (if any)?
http://www.ritholtz.com/blog/2009/10...istory-258449/
http://www.ritholtz.com/blog/2009/10...istory-258449/
The single best investment — in terms of greatest return on invested dollars — has been the lobbying efforts of the major banks and finance firms.
They spent $114.2 million dollars in contributions toward the 2008 election, according to the the nonpartisan Center for Responsive Politics. The companies that have been awarded taxpayers’ money from Congress’s bailout bill spent $77 million on lobbying and $37 million on federal campaign contributions, the Center finds.
These firms political activities have yielded them $295.2 billion from Recapitalization, TARP and other assorted bailouts.
The return on investment: 258,449 percent.
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Source:
TARP Recipients Paid Out $114 Million for Politicking Last Year
They spent $114.2 million dollars in contributions toward the 2008 election, according to the the nonpartisan Center for Responsive Politics. The companies that have been awarded taxpayers’ money from Congress’s bailout bill spent $77 million on lobbying and $37 million on federal campaign contributions, the Center finds.
These firms political activities have yielded them $295.2 billion from Recapitalization, TARP and other assorted bailouts.
The return on investment: 258,449 percent.
>
Source:
TARP Recipients Paid Out $114 Million for Politicking Last Year
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