It seems Senator Bob Bennett’s support of TARP (troubled asset relief program) is paying off in a big way. Bennett’s 2nd largest donor for the 2010 election cycle is CitiGroup, who has donated over $30,000 to the Senator’s 2010 campaign. Citi also coincidentally received $45 billion from TARP and other programs. Bennett’s seat on the Senate Banking committee makes him very influential in bank bailouts.
Senator Bennett has also received donations from other banks that were given TARP money:
- JP Morgan Chase – $20,000
- Bank of America – $18,000
- Freddie Mac – $16,000
- Morgan Stanley – $13,000
- Fannie Mae – $12,000
Check out this Salt Lake Tribune article for more information.
Yeah! Check out my song on the bailout at http://www.youtube.com/watch?v=UWMR8whdELg&feature=player_embedded