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Lobbyists Gobbling Up $700B Bailout

There's not much left as everyone fights for piece of shrinking pie

By Jason Farago, Newser Staff

Posted Nov 12, 2008 7:51 AM CST

(Newser) – That $700 billion allocated in this fall's federal bailout sounded like a lot of money—but after a feeding frenzy led by Washington lobbyists, there's not much cash left over, reports the New York Times. Of the first tranche of $350 billion, only $60 billion... Read full story »

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Lobbyists Gobbling Up $700B Bailout

There's not much left as everyone fights for piece of shrinking pie

lobbying • Treasury Department • lobbyists • lobbying blitz • bailout • Wall Street bailout

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More Newser Stories

Treasury to Sell Off $142B in Toxic Assets, Make Billions

'Notably improved' market means $15B-$20B profit for taxpayers

Taxpayers Will Score $12B on Citigroup Bailout: Treasury

Government strikes deal to sell remaining 2.4B shares

Politics Played Major Role in Bailout Choices

Politically connected banks likelier to get TARP funds

Citigroup to Repay $20B in TARP Loans

Will issue $17B in common stock to meet capital requirements

Treasury: Relax, TARP Cost Trimmed by $200B

Estimated loss to taxpayers down to just $42B as banks rebound

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