"US unveils lobbying rules for bailout" by Associated Press | January 28, 2009
WASHINGTON - .... The new rules come in the wake of fresh lobbying reports filed with the government showing some big banks stepped up their lobbying efforts late last year even as they received billions of dollars from the bailout program.
Along with the new lobbying rules, the administration has pledged to better track lending patterns by financial institutions to ensure they are using the government assistance to increase lending. The Obama administration also has sought to limit executive compensation at institutions receiving government support and prevent shareholders at those companies from benefiting at taxpayers' expense.
I thought we GOT those protections in the first round! WTF?!!
Just LIED TO AGAIN, huh?
.... Also yesterday, the Treasury Department said it has distributed another $386 million to 23 banks, the first awards from the federal bailout fund since President Obama took office. The department said the latest capital infusions went to banks in 16 states, bringing the total number of institutions that have been helped to 317....
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