Bailed-Out Banks Donate to Obama Inauguration

Friday, January 16, 2009

Where is the bailout money going? One place is to pay for Barack Obama’s inauguration. Reporting for the Huffington Post, Marcus Beram points out that bailout recipient Citibank has contributed at least $113,000 to the inauguration fund, Goldman Sachs $44,500 and JPMorgan Chase $30,600. Goldman Sachs employees had already contributed $884,907 to Obama’s presidential campaign, with JPMorgan Chase employees adding $600,210 and Morgan Stanley employees $425,502.

Donors to the Presidential Inauguration Committee (Presidential Inauguration Committee)


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