tagged w/ US corporations
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Not-yet-public documents reviewed by House ethics investigators have revealed lobbyists and corporate officials talking bluntly in e-mail exchanges about connections between making generous campaign donations and securing federal funds through members of an important House Appropriations subcommittee.Not-yet-public documents reviewed by House ethics investigators have revealed... more
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According to the Washington Post, the recession's jobless toll is draining unemployment-compensation funds so fast that according to federal projections, 40 state programs will go broke within two years and need $90 billion in loans to keep issuing benefit checks.According to the Washington Post, the recession's jobless toll is draining... more
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When word spread earlier this year that American International Group had paid more than $165 million in retention bonuses at the division that had precipitated the company's downfall, outrage erupted, with employees getting death threats and President Obama urging that every legal avenue be pursued to block the payments. New York Attorney General Andrew Cuomo threatened to publicize the recipients' names, prompting executives at AIG Financial Products to hastily agree to return about $45 million in bonuses by the end of the year. But as the year 2009 came to a close, a majority of that money remained unpaid.When word spread earlier this year that American International Group had paid more... more
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On Christmas Eve, the Obama administration pledged to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac. The eleventh-hour move allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress. As the administration was making this open-ended financial commitment, Fannie Mae and Freddie Mac disclosed that 12 top executives will receive $42 million in compensation packages. This includes up to $6 million each to Fannie Mae and Freddie Mac's chief executives.On Christmas Eve, the Obama administration pledged to provide unlimited financial... more
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E-mail messages obtained by the New York Times show that statements by dozens of lawmakers entered into the official record of the House debate on healthcare were ghostwritten, in whole or part, by lobbyists for biotechnology company Genentech, one of the world’s largest biotech companies. The company estimates that 42 House members picked up some of its talking points — 22 Republicans and 20 Democrats.E-mail messages obtained by the New York Times show that statements by dozens of... more
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