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Howard Shultz, $30b Welfare Recipient

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Dana Milbank at the Washington Post is very correct to trash Howard Shultz, former CEO of Bear Sterns, and members of the Senate banking committee.

Fortunately for Schwartz, he had a sympathetic audience in the banking committee, whose members have received more than $20 million in campaign contributions from the securities and investment industry, according to the Center for Responsive Politics. “I want the witnesses to know, and others, that as a bottom-line consideration, I happen to believe that this was the right decision,” Chairman Chris Dodd (D-$5,796,000) said before hearing a single word of testimony.

Where do I sign up for this plan? Oh, you have to pay off contribute to the senators’ war chests first. I get it.


Written by walonline

April 4, 2008 at 9:43 am

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