U1SAToday had an article last week showing the return on investment for the Nation’s largest financial institutions lobby efforts.
For the minor investment of just over $30 million, a group of 9 banks and investment firms garnered almost $163 billion of funding from the Treasury. That’s a return of over 5,400 times the investment!
PNC Bank appears to have the best negotiators. For a mere $320,000, PNC received $7.7 billion, an amazing 24,000 times return on investment. At the other end was Goldman Sachs who got a return of less than 2,400 times their $4.2 million dollars of lobbying.
If only we all had gotten the minimum 2,400 times return on the money we had invested as of the end of September. I’m pretty sure most of us, well, me for sure, wouldn’t be caring much about all the other nonsense the Treasury was doing. Heck, if I had 2,400 times my September balance, I might have voted to raise taxes on myself too!
