Bank of America spent $1.5B on lobbying - GoFuckYourself.com

teomaxxx · 07-22-2009, 02:41 PM

fuck, so US taxpayer gives them money and they use them for lobbying their shit, so they can get more or fuck their customers with high interest rates. "good ole" USA is on the way to become a kleptocracy like the rest of the world.

WASHINGTON, July 22 (UPI) -- Bank of America Corp., which accepted $45 billion
in taxpayer bailout money, has spent $1.5 billion on lobbying so far this year,
U.S. Senate records indicate.
The Charlotte, N.C., bank -- one of the nation's largest -- has sought to sway
senators and members of Congress on more than two dozen pieces of legislation,
records indicate.
BoA has lobbied for flexibility in spending government rescue funds and against
restrictions on executive compensation. It also has lobbied on home mortgage
issues and credit card fees, as well as a consumer-rights bill, student lending
issues and a proposed federal regulatory oversight agency, the records obtained
by The Charlotte Observer suggest.
The documents don't say what positions the bank took. Bank spokeswoman Shirley
Norton would not comment to the newspaper other than saying it was interested
in tax reform and regulatory issues.
Critics argue that until banks repay taxpayer bailout money, they should steer
clear of lobbying.
"As long as they hold on to a very substantial portion of public funds, and are
publicly owned essentially, they should not be using any of their funds for
lobbying purposes or campaign contributions," Craig Holman, government affairs
lobbyist for the non-profit advocacy group Public Citizen, told the newspaper.
"And you'll find Bank of America is doing both."
Bank of America's lobbying tab was $2.3 billion in the first half of 2008, the
Senate records state.
"We're cutting expenses across the company, including lobbying expenses,"
Norton said.

2012 · 07-22-2009, 02:43 PM

shocking ...

MaDalton · 07-22-2009, 02:45 PM

this is what is wrong with the american political system: not the one with the best ideas succeeds but the one who spends the most on lobbying

pornguy · 07-22-2009, 02:59 PM

Thats the issue with politics the world over.

what do you call 1000 politicians at the bottom of the ocean...

A slow start

V_RocKs · 07-22-2009, 03:34 PM

Just about every business spends money on lobbying. Including your Democrat labor unions... It is how democracy works.

teomaxxx · 07-22-2009, 03:42 PM

Quote:

Originally Posted by MaDalton

this is what is wrong with the american political system: not the one with the best ideas succeeds but the one who spends the most on lobbying

its not only the problem of US political system. the public or hidden lobbying is everywhere in the world same or much worst.
just look here, in czech, we dont have any official lobbying, but to be a politician is a way how to game the system and become easily rich.

07-22-2009, 02:41 PM	#1
teomaxxx Confirmed User Join Date: May 2003 Posts: 2,734	Bank of America spent $1.5B on lobbying fuck, so US taxpayer gives them money and they use them for lobbying their shit, so they can get more or fuck their customers with high interest rates. "good ole" USA is on the way to become a kleptocracy like the rest of the world. WASHINGTON, July 22 (UPI) -- Bank of America Corp., which accepted $45 billion in taxpayer bailout money, has spent $1.5 billion on lobbying so far this year, U.S. Senate records indicate. The Charlotte, N.C., bank -- one of the nation's largest -- has sought to sway senators and members of Congress on more than two dozen pieces of legislation, records indicate. BoA has lobbied for flexibility in spending government rescue funds and against restrictions on executive compensation. It also has lobbied on home mortgage issues and credit card fees, as well as a consumer-rights bill, student lending issues and a proposed federal regulatory oversight agency, the records obtained by The Charlotte Observer suggest. The documents don't say what positions the bank took. Bank spokeswoman Shirley Norton would not comment to the newspaper other than saying it was interested in tax reform and regulatory issues. Critics argue that until banks repay taxpayer bailout money, they should steer clear of lobbying. "As long as they hold on to a very substantial portion of public funds, and are publicly owned essentially, they should not be using any of their funds for lobbying purposes or campaign contributions," Craig Holman, government affairs lobbyist for the non-profit advocacy group Public Citizen, told the newspaper. "And you'll find Bank of America is doing both." Bank of America's lobbying tab was $2.3 billion in the first half of 2008, the Senate records state. "We're cutting expenses across the company, including lobbying expenses," Norton said.

07-22-2009, 02:43 PM	#2
2012 So Fucking What Industry Role: Join Date: Jul 2006 Posts: 17,189	shocking ... __________________ best host: Webair \| best sponsor: Kink \| best coder: 688218966 \| Go Fuck Yourself

07-22-2009, 02:45 PM	#3
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,828	this is what is wrong with the american political system: not the one with the best ideas succeeds but the one who spends the most on lobbying __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

07-22-2009, 02:59 PM	#4
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Thats the issue with politics the world over. what do you call 1000 politicians at the bottom of the ocean... A slow start __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

07-22-2009, 03:34 PM	#5
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	Just about every business spends money on lobbying. Including your Democrat labor unions... It is how democracy works.