It seems that some of the biggest beneficiaries of government bailout cash have been spending big bucks to shape legislation in recent months.
From The Washington Post:
The biggest spenders among major firms in the group included General Motors, which spent nearly $1 million a month on lobbying, and Citigroup and J.P. Morgan Chase, which together spent more than $2.5 million in their efforts to sway lawmakers and Obama administration officials on a wide range of financial issues. In all, major bailout recipients have spent more than $22 million on lobbying in the six months since the government began doling out rescue funds, Senate disclosure records show.
The article went on to say that some companies insisted they didn't put government cash towards lobbying, but "there is no mechanism to verify that."
Larry of CA @ Apr 22, 2009 13:52:38 PM