Ten Bailed Out Banks Spent $16.3M Lobbying in 1st Half 2010

By Trader Mark
01 September 2010 @ 02:00 pm EDT

Long time readers will know that the best return on investment (ROI for you wonky types) in America is lobbying dollars.  For a pittance you can purchase present your case to a Congressman or woman and generate multitudes of that same dollar spent in return.  It appears Federal Reserve and Treasury officials are also on sale (aisles 7 and 10 respectively) so hurry on in, but only those with annual revenue of $500M+ allowed in on the bidding! Our financial oligarchs are top dogs at playing the game but it's across all major industries.  Remember, competition in America is good - on paper, and as long as it does not effect my fortune 500 corporation.  Then it must be stymied!

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