While $58 billion of your tax dollars — or more accurately, your children’s tax dollars — are being used to pay foreign banks, a substantial portion of that money ($43.5 billion) is being used to pay American banks, including Goldman Sachs, Merill Lynch, Bank of America, Citigroup, Wachovia, Morgan Stanley, AIG International, and JP Morgan.
The following recipients of President Obama’s trickle-down-to-my-donors bailout plan rank among his top 20 contributors to his 2008 presidential election campaign, according to Open Secrets:
Goldman Sachs: $955,473
Citigroup: $653,468
JP Morgan Chase & Co.: $646,058
Morgan Stanley: $485,823
Three other banks that were significant contributors to Obama received money through AIG:
Bank of America: $274,493
Wachovia: $214,151
AIG: $112,170
Lehman Brothers, which did not survive long enough to join the list of banks leaching off the work of the American taxpayer, also gave the Obama campaign $276,088.
Individuals identifying themselves as working for the banks above gave Barack Obama’s presidential campaign $3,617,724. In other words, more than 3.6 million reasons for the president to help focus the media’s glare on the relatively minuscule $165 million in AIG executive bonuses, and away from their $43.5 billion portion of $100 billion of taxpayer dollars the administration, by design or incompetence, filtered to other banks through AIG.
In receiving $43.5 billion for their investment of just over $3.3 million, it looks like the banks that gambled on Wall Street certainly got their money’s worth out of their investment in Barack Obama.
And those executive bonuses which Obama is now complaining about? It was inserted into the Spendulus – an exemption which allow executive bonuses provided they were contracted prior to the Spendulus was passed. Obama signed the bill – and its clear he didn’t know what he was signing…or, perhaps he did?
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