Bailoutout Recipient’s Lobbying Activity

Jane Hamsher is the founder of Firedoglake. Her work has appeared on the Huffington Post, Alternet and The American Prospect. She has appeared on CNN, MSNBC and PBS and is the author of the best selling book Killer Instinct. She has produced such films Natural Born Killers and Permanent Midnight and currently lives in Washington, D.C.

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The following is a chart of TARP/Bailout receivers recent lobbying activity:

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Bailout Recipient Lobbied Spent on Lobbying 1Q Bailout Funds Received
American Express (PDF) Cramdown, Credit Card, Exec Comp $875,000 $3.4 billion
Bank of America (PDF) Cramdown, Credit Card, Exec Comp $750,000 $52.5 billion
4.5 billion
Bank of NY Mellon (PDF)* Credit Card, no response $497,000 $3 billion
Barclays PLC & US Affiliates (PDF)* Cramdown, Credit Card $1,435,916 $7.0 billion
Capital One Financial Corp (PDF) Cramdown, Credit Card, Exec Comp $469,000 $3.6 billion
Citigroup Credit Card, Exec Comp $1,680,000 $50 billion
Credit Suisse (PDF)* Cramdown $580,000 $.4 billion
Deutsche Bank* Cramdown $220,000 $6.4 billion
Discover Financial Services (PDF) Cramdown, Credit Card $257,500 $1.2 billion
Fifth Third Bancorp (PDF) Cramdown, Credit Card $31,000 $3.4 billion
GMAC (PDF) Cramdown $410,000 $5 billion
Goldman Sachs Group, Inc. (PDF) Cramdown, Credit Card, Exec Comp $1,105,000 $10 billion
$12.9 billion
HSBC GR-Corp (PDF)* Cramdown, Credit Card $1,176,573 $3.3 billion
ING North America (PDF)* Cramdown $720,000 $1.5 billion
JP Morgan (PDF) Cramdown, Credit Card, Exec Comp $1,386,000 $25 billion
Morgan Stanley & Co (PDF) Cramdown, Exec Comp $645,000 $10 billion
$1 billion
PNC Bank (PDF) Cramdown, Credit Card $150,000 $7.6 billion
UBS Americas, Inc (PDF)* Cramdown $70,000 $1.7 bilion
U.S. Bancorp (PDF) Cramdown, Credit Card, Exec Comp $255,000 $6.6 billion
Wells Fargo & Company (PDF) Cramdown, Credit Card, Exec Comp $810,000 $25 billion
TOTAL $13,522,989 $220 billion

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Source:
Bailout Recipients Spent $13 Million Lobbying Against Consumers in 1Q 2009
Jane Hamsher
Firedoglake, May 6, 2009 7:08 am
http://firedoglake.com/2009/05/06/tarp-recipients-spent-taxpayer-dollars-lobbying-against-consumers-for-their-own-bonuses-in-1q-2009/

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