Why did a key Hawaii Democratic Senator get financial aid for a bank that contained his personal wealth?WASHINGTON - Sen. Daniel K. Inouye's staff contacted federal regulators last fall to ask about the bailout application of an ailing Hawaii bank that he had helped to establish and where he has invested the bulk of his personal wealth. http://msnbc.msn.com/id/31675539/ns/... | |
shhhhh, your not supposed to ask questions unless he had sex with someone other than his spouse.
dont worry about tarp money going to his own bank.
Edit: hey doodle, we arent talking about 1000-1500K here
also, those senetors didnt make a specific request to include those banks in the TARP bill to bail out their personal investments.
What about these Republicans on the banking committee?
Sen. David Vitter (R-La.) holds stock valued at between $1,001 and $15,000 in Goldman Sachs, Bank of America and JP MorganChase. He sold stock in Citigroup in March, after the stock had experienced significant losses from highs a year before, and in Wells Fargo in April, when it was below, but near, recent highs.
Sen. Kay Bailey Hutchison (R-Texas) still owns small amounts of stock in Regions Bank, based in Alabama, and Zions Bancorporation, a Salt Lake City company. Both have received TARP money, according to a Treasury Department report.
And Sen. Mike Johanns (R-Neb.) owns shares of Citigroup and JP Morgan Chase, though they are tiny parts of his larger fortune. However Johanns was not yet a member of Congress when the TARP vote occurred.
Sen. Mel Martinez (R-Fla.) sold three-dozen investments he had in various mutual funds and individual retirement accounts run by Morgan Stanley, though he does not have money invested directly in firms that were bailed out.
Because the bank managers are constituents who maybe asked him about how to apply.
probably was not happy with the gloom outlook of losing all his investments
What does Trig think of this?......
