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"Banks Use Bailout Money For Effort To Limit Consumer Rights"
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2-21-2009 3:47 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/6d929de0-d096-447c-9600-7e864a20f371/868C7534-7FF8-44C2-96CF-DA98727E39FB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.disinfo.com/content/" href="http://www.disinfo.com/content/" style="font-size: 11px;">www.disinfo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.disinfo.com/content/"><DIV class="news-submitted"> <A href="javascript:alert('This link contains javascript. Please visit the clip source to follow this link.');" target="_self"> <SPAN id="ls_avatar-5"><IMG alt="Avatar" src="http://www.disinfo.com/content/avatars/user_uploaded/JacobSloan_60.jpg" /></SPAN> </A> <SPAN id="ls_story_link-5"> <A class="screen" href="http://www.disinfo.com/content/out.php?url=http:%2F%2Foverruledblog.com%2F2009%2F02%2F17%2Fbanks-spend-tarp-funds-on-anti-consumer-lobbying-campaign%2F">http://overruledblog.com<B><IMG src="http://msnsearch.srv.girafa.com/srv/i?s=MSNSEARCH&r=http://overruledblog.com" /></B></A> </SPAN> <SPAN id="ls_posted_by-5">Posted by </SPAN> <A href="javascript:alert('This link contains javascript. Please visit the clip source to follow this link.');" target="_self"> <SPAN id="ls_link_submitter-5">JacobSloan</SPAN></A> <SPAN id="ls_timeago-5"> 2 days ago </SPAN> <SPAN id="userlinks-5"> <A href="http://www.disinfo.com/content/user.php?login=JacobSloan">View profile</A> </SPAN> <SPAN id="ls_adminlinks-5"> </SPAN> </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.disinfo.com/content/"><DIV> So, what are Bank of America, AIG, and the other recipients of TARP funds doing with the billions and billions given to them by taxpayers?</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.disinfo.com/content/"><DIV>The CEOs are using them to <A href="http://overruledblog.com/2009/02/17/banks-spend-tarp-funds-on-anti-consumer-lobbying-campaign/">organize a massive anti-consumer lobbying effort</A> aiming to kill bills including the Arbitration Fairness Act, the Credit Card Holders Bill of Rights, the Mortgage Reform and Anti-Predatory Lending Act, the Helping Families Save Their Homes in Bankruptcy Act, and, of course, the TARP Reform and Accountability Act (which holds TARP recipients accountable for how they spend taxpayers' money).</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.disinfo.com/content/"><DIV>The strategizing is being done in meetings held at a <A href="http://www.changetowin.org/connect/2009/02/in_which_i_explain.html">$530/night retreat on the Gulf of Mexico</A>, paid for, again, by taxpayers. Three days after receiving their TARP funds, Bank of America used the money to team with the head of Home Depot to begin a push to <A href="http://www.huffingtonpost.com/2009/01/27/bank-of-america-hosted-an_n_161248.html">sway elections and defeat bills protecting workers</A>.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.disinfo.com/content/"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.disinfo.com/img/8D54748B-570B-404B-819D-919370CEBDF2" alt="" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/868C7534-7FF8-44C2-96CF-DA98727E39FB/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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