Give To Get? Financial Institutions That Made Hefty Campaign Donations Score Big Bucks From The Government


 

Publication Date: March 2009

Publisher: National Institute on Money in State Politics (U.S.)

Author(s): Tyler Evilsizer

Research Area: Politics

Keywords: TARP; bank

Type: Report

Coverage: United States

Abstract:

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.