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Bankrupt Banks and Corporations Bribing Washington Officials for More Tax Payer Cash

Politics / Credit Crisis Bailouts Apr 22, 2009 - 01:16 AM GMT

By: Mike_Stathis

Politics When Does It All End? The Abuse Continues. - Trillions of dollars for the bailouts haven’t satisfied the banks and automakers. They want more, and they’re spending your dollars to make sure they get it. According to the Associated Press, the top 10 recipients of the TARP spent about $9.5 million on lobbying during the first quarter of 2009.


Take a guess who the biggest spender was. GM of course; the company in the worst financial trouble. In just the first three months of 2009, GM handed over $2.8 million to lobbyists so they could bribe Washington officials for more taxpayer dollars. With already over $13 billion in bailout funds and much more on the way, spending $3 million is a very cheap price to pay to ensure billions in handouts, especially when these bribes have essentially come from taxpayer funds. The list goes on.

http://news.yahoo.com/s/ap/20090422/ap_on_re_us/us_bailout_banks_lobbying

I don’t care if these companies raised lobbying funds from employees selling their blood. The fact is that all lobbyist activities must be completely banned if America ever expects to recover from this depression.

This type of corruption is the exact reason why the banks and real estate industry were able to carry out their Ponzi scheme. This is a complete slap in the face of every single American.  These shameless, disgraceful companies continue to lobby because they know corruption is the rule in America. Americans should be stampeding Capitol Hill in protest.  I continue to be disgusted with this nation each and every day.

By Mike Stathis
www.avaresearch.com

Copyright © 2009. All Rights Reserved. Mike Stathis.

Mike Stathis is the Managing Principal of Apex Venture Advisors , a business and investment intelligence firm serving the needs of venture firms, corporations and hedge funds on a variety of projects. Mike's work in the private markets includes valuation analysis, deal structuring, and business strategy. In the public markets he has assisted hedge funds with investment strategy, valuation analysis, market forecasting, risk management, and distressed securities analysis. Prior to Apex Advisors, Mike worked at UBS and Bear Stearns, focusing on asset management and merchant banking.

The accuracy of his predictions and insights detailed in the 2006 release of America's Financial Apocalypse and Cashing in on the Real Estate Bubble have positioned him as one of America's most insightful and creative financial minds. These books serve as proof that he remains well ahead of the curve, as he continues to position his clients with a unique competitive advantage. His first book, The Startup Company Bible for Entrepreneurs has become required reading for high-tech entrepreneurs, and is used in several business schools as a required text for completion of the MBA program.

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Disclaimer: All investment commentaries and recommendations herein have been presented for educational purposes, are generic and not meant to serve as individual investment advice, and should not be taken as such. Readers should consult their registered financial representative to determine the suitability of all investment strategies discussed. Without a consideration of each investor's financial profile. The investment strategies herein do not apply to 401(k), IRA or any other tax-deferred retirement accounts due to the limitations of these investment vehicles.

Mike Stathis Archive

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