Give To Get? Financial Institutions That Made Hefty Campaign Donations Score Big Bucks From The Government
Publication Date: March 2009
Publisher(s): National Institute on Money in State Politics (U.S.)
Author(s): Tyler Evilsizer
Keywords: TARP; bank
Coverage: United States
The Troubled Assets Relief Program (TARP) was intended to stabilize the country's financial sector by distributing hundreds of billions of dollars. 300+ banks have received nearly $200 billion thus far. FollowTheMoney.org studied 75 institutions that received TARP funds. They contributed $20.4 million to state-level politics from 2000 to 2007: 62% went to statewide candidates; 27% to political parties; and 11% to ballot measure committees.