Diary

Barney Frank says I failed and your children will pay for it – while I eat a jelly donut

www.thepoliticalclass.com

 

Barney Frank says I failed and your children will pay for it – while I eat a jelly donut.

 jelly donut

The jelly donut scene from Full Metal Jacket sums up sums up the story of Northern Trust, Barney Frank, the bailout money and Congress. TMZ has a great exclusive on how Northern Trust, who took $1.6 BILLION in federal money, spent tons of cash on rock bands, gift bags from Tiffany’s, expensive Beverly Hill resorts and dinners.

And yes I know the stories about Congress forcing some banks to take the TARP 1 money and lie about its real use. And yes I know that North Trust actually turned a profit in 2008. Nevertheless they are partying in part on the backs of our children and grandchildren.

Barney Frank, Chris Dodd and Barack Obama are enjoying their jelly donuts right now.  Will your children and grandchildren enjoy paying the baker?

Full story on Northern Trust here.

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A bank that received $1.6 billion in bailout money just spent a fortune last week in L.A. hosting a series of lavish parties and concerts with famous singers … and TMZ cameras caught it all.

Northern Trust, a Chicago-based bank, sponsored the Northern Trust Open at the Riviera Country Club in L.A. We’re told Northern Trust paid millions to sponsor the PGA event which ended Sunday, but what happened off the golf course is even more shocking.

Northern Trust flew hundreds of clients and employees to L.A. and put many of them up at some of the fanciest and priciest hotels in the city. We’re told more than a hundred people were put up at the Beverly Wilshire in Bev Hills, and another hundred stayed at the Loews Santa Monica Beach Hotel. Still more stayed at the Ritz Carlton in Marina Del Rey and others at Casa Del Mar in Santa Monica.

Picture of Tiffany’s gift bags for clients.

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I wonder how many pushups it takes to work off Obama and Franks $3 billion dollar spending spree?

www.thepoliticalclass.com