rssLawmakers Lobby for Local Help Under TARP
Friday, April 03, 2009 at 12:04 pm
- 4 Comments
The Hill has a great piece this morning revealing how some powerful Democrats have lobbied the Federal Deposit Insurance Corporation urging bailout funds for banks in the lawmakers’ home states.
Senate Majority Leader Harry Reid (D-Nev.), for example, wrote a letter in December asking the FDIC to “give appropriate consideration” to Neveda Security Bank’s request for roughly $15 million in TARP funds, The Hill reports. (The application is pending.)
There were other similar instances, The Hill found.
Like Reid, Sen. Carl Levin (D-Mich.) alerted FDIC to TARP applications by two Michigan banks. In letters to [FDIC Chairwoman Shiela] Bair sent in early December, Levin asked the banking regulator to give “due and prompt consideration” to applications by Flagstar Bank and Citizens First Bancorp … Flagstar received $267 million in TARP funds on Jan. 30.
Then-Sen. Ken Salazar (D-Col.), who’s now secretary of the Interior Department, joined the lobbying as well, urging the FDIC to help Colorado’s New Frontier Bank, according to The Hill.
A Dec. 19 e-mail from a Salazar aide to the FDIC asked the agency to give New Frontier’s TARP application “full and fair consideration” after the bank performed several write-downs to qualify.
Reid spokesman Jim Manley defended the practice of lawmakers urging TARP funds for local banks, telling The Hill that “it is well-established that senators may aid their constituents in matters before executive-branch and independent agencies.”
But Steve Ellis, vice president of Taxpayers for Common Sense, has a different read. “The veiled language in these letters here,” Ellis told The Hill, “is an attempt to influence the actions of FDIC to bail out banks that may or may not need to be bailed out.”
Tomato, tomahto. Or not.
4 Comments
Comment posted April 5, 2009 @ 1:09 pm
Issue of Health care could save America's wilting Economy.
If we had a Universal health care, run like France or Britain, our auto industry would never be under this financial pressure. No wonder our car manufacturers are in steep competition with foreign companies, because outside of the United States auto makers are subsidized. Not only does GMC, Ford and others have to add health care benefits to every vehicle off the conveyor belt, but they have likely millions of retirees who are still collecting health care services. Its a dream, but think of it? no intermediates like cold-hearted insurance companies. Run by a bunch of bean counters. I have first hand knowledge of their relentless activity, to use any gray-area possible to undercut services to you or a loved one. Serve you with all kinds of paperwork, to deceive you. Look for pre-existing conditions, charge you exorbitant premiums and co-pays.
Wouldn't be great to have a single payer system, where you pay your share to the government and your employer. Then you collect decent services such as doctor visits, specialty physician's, eye and dental care. Just like Europe, without the skulduggery of debt collectors, medical billing companies, civil courts or bankruptcy. I never, ever had to show any ID, to go and see a doctor. No receptionist was ready to photocopy your social security number, drivers license and insurance card? It's criminal thats it's a privilege in our nation–not a necessity abroad. Whereas it's the wealthy who don't appreciate Universal health care, because they have no intention in waiting a month or so.
Yet while uninsured Americans have to jump through hoops for health care, illegal aliens who have stolen into our nation pay–NOTHING–for emergency services. Colds, flue, hang nail–they go to hospital and get it all for free. Well! that's not quite true? You! The taxpayer are their wealthy uncle. That's thanks to Sen.Harry Reid, Nancy Pelosi and other Senators, who think 40 million illegal aliens is great for America. Thats why they killed E-Verify in the Stimulus/Omnibus packages.
Comment posted April 5, 2009 @ 8:09 pm
Issue of Health care could save America's wilting Economy.
If we had a Universal health care, run like France or Britain, our auto industry would never be under this financial pressure. No wonder our car manufacturers are in steep competition with foreign companies, because outside of the United States auto makers are subsidized. Not only does GMC, Ford and others have to add health care benefits to every vehicle off the conveyor belt, but they have likely millions of retirees who are still collecting health care services. Its a dream, but think of it? no intermediates like cold-hearted insurance companies. Run by a bunch of bean counters. I have first hand knowledge of their relentless activity, to use any gray-area possible to undercut services to you or a loved one. Serve you with all kinds of paperwork, to deceive you. Look for pre-existing conditions, charge you exorbitant premiums and co-pays.
Wouldn't be great to have a single payer system, where you pay your share to the government and your employer. Then you collect decent services such as doctor visits, specialty physician's, eye and dental care. Just like Europe, without the skulduggery of debt collectors, medical billing companies, civil courts or bankruptcy. I never, ever had to show any ID, to go and see a doctor. No receptionist was ready to photocopy your social security number, drivers license and insurance card? It's criminal thats it's a privilege in our nation–not a necessity abroad. Whereas it's the wealthy who don't appreciate Universal health care, because they have no intention in waiting a month or so.
Yet while uninsured Americans have to jump through hoops for health care, illegal aliens who have stolen into our nation pay–NOTHING–for emergency services. Colds, flue, hang nail–they go to hospital and get it all for free. Well! that's not quite true? You! The taxpayer are their wealthy uncle. That's thanks to Sen.Harry Reid, Nancy Pelosi and other Senators, who think 40 million illegal aliens is great for America. Thats why they killed E-Verify in the Stimulus/Omnibus packages.
Comment posted June 10, 2010 @ 2:55 am
Demonstrate a unique new concept;Thereforejordan shoes|michael jordan shoes|cheap jordan shoesboth dressed in fashionable taste therelinks of london|air jordan 23|air jordan 11|air jordan 13So,air jordan 12this is the dress of a good choice!air jordan 21|air jordan 14|air jordan 16|At the same time,also has a super-powerful visual force;air jordan 17|air jordan 19|air jordan 18|This is a pretty good article!
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.
