Leftist Criminals Score Bailout Millions
Posted February 3rd, 2009 at 10.31am in Ongoing Priorities.
This past week some in Congress complained because Bank of America, who has taken billion of taxpayer bailout funds, hosted a promotional event at the Super Bowl. At lest that event was designed to help the bank’s business grow.
What Congress should really be mad about is the $2 million Bank of America gave to Acorn last year. Yeah, Acorn. The same organization that has been indicted for voter fraud many times throughout the country and continually shakes down banks for “affordable housing” funds.
Just another example of Progressive Corporatism in action.
- Author: Conn Carroll
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February 3, 2009 John, Denver writes:
How hard would it be to implement a recovery plan that fixes credit card rates at no more than 9%, require Fan/Fred (and any other bailout bank) to offer a zero-down, 5% 30yr fixed rate loan as either new or refinance to anyone seeking less than a $500k mortgage? Add to that a 17% flat tax, no deductions at all (if you have children, be prepared to afford them), and I’m betting the economy would flourish.