Secured $12 million in taxpayer money to help his favorite bank.
link
"U.S. Rep. Barney Frank yesterday defended helping Boston’s OneUnited Bank land $12 million in federal funding, despite regulatory complaints its executives were getting “excessive” pay and even a Porshe for its CEO."
"OneUnited was also facing regulatory scrutiny last fall from other government agencies, which later slapped a cease-and-desist order on OneUnited due to “unsafe and unsound banking practices.”"
Monday, January 26, 2009
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1 comment:
Wow, 12 million, a sports car for the CEO, somehow that seems trivial next to the trillions Bush has cost the American taxpayer. Yet Bush and all his cronies are still getting their federal pensions after robbing our treasury of trillions!!!
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