America, You Asked For It!

Political News and Commentary from the Right

The Bailout Gets Bigger…

After today’s announcement that Citigroup is being bailed out by the U.S. government, I thought I’d try to get a list of all the companies receiving money from this massive socialist program. Here’s what I have so far in order from greatest to least money received.

Company

$$ Received

   
American International Group Inc $40 Billion
Citigroup $20 Billion
Bank of America Corp $15 Billion
Merrill Lynch & Co $10 Billion
Morgan Stanley $10 Billion
Goldman Sachs $10 Billion
Synovus $973 Million
Popular Inc $950 Million
E*Trade Financial Corp $800 Million
M & T Bancorp $600 Million
Associated Banc-Corp $530 Million
Webster Financial Corp $400 Million
South Financial Group $347 Million
East West Bancorp $316 Million
Sterling Financial Corp $303 Million
Citizens Republic Bancorp $300 Million
Susquehanna Bancshares Inc $300 Million
Cathay General Bancorp $258 Million
FirstMerit Corp $248 Million
Trustmark Corp $215 Million
First Midwest Bancorp Inc $193 Million
Pacific Capital Bancorp $188 Million
Boston Private Financial Holdings $150 Million
Western Alliance Bancorporation $140 Million
CVB Financial Holdings $130 Million
Signature Bank $120 Million
Iberiabank Corp $115 Million
Taylor Capital Group $105 Million
Sandy Spring Bancorp $83 Million
Columbia Banking System Inc $76.9 Million
Independent Bank Corp $72 Million
Superior Bancorp $69 Million
Nara Bancorp $67 Million
Wilshire Bancorp $62 Million
Great Southern Bancorp $60 Million
Center Financial Corp $55 Million
Ameris Bancorp $52 Million
Home Bancshares Inc $50 Million
Fidelity Southern Corp $48.2 Million
Capital Bancorp $42.9 Million
Southern Community Financial Corp $42.75 Million
Heritage Commerce Corp $40 Million
Porter Bancorp Inc $39 Million
Peoples Bancorp $39 Million
First Defiance Financial Corp $37 Million
Encore Bancshares Inc $34 Million
Severn Bancorp $30 Million
Bancorp Rhode Island $30 Million
Tennessee Commerce Bank Corp $30 Million
Intermountain Community Bancorp $27 Million
LNB Bancorp $25.2 Million
VIST Financial Corp $25 Million
Wainwright Bank & Trust Corp $22 Million
Indiana Community Bancorp $21.5 Million
Unity Bancorp $20.6 Million
First PacTrust Bancorp Inc $19.3 Million
HopFed Bancorp Inc $18.4 Million
Bank of Commerce Holdings Inc $17 Million
First 1st Financial Services Corp $16.3 Million
Pamrapo Bancorp Inc $11.4 Million
Broadway Financial Group $9 Million
American River Bankshares $8 Million
Central Federal Corp $7.23 Million
Capital Pacific Bancorp $4 Million

I’ll update this list as it grows.

It’s absolutely outrageous! And, this is in addition to the billions it will take to bailout Freddie Mac and Fannie Mae. It makes it really difficult to argue against government handouts and entitlement programs when we’re stepping in to finance irresponsible business practices by overpaid CEOs. We may not have to worry about Obama screwing anything up. Our entire capitalistic economy may be nothing but a memory by January 20.

Here’s a CNN report on Bush’s defense of the bailout.

 

Everyone should be outraged. If you’re as angry as I am, send this link to the White House, your representatives and your senators by following the links below.

Contact the White House

Contact your Representative

Contact your Senator

Before we become the USSA, the United Socialist States of America, let’s clog their phone lines and email systems and fill their mailboxes to let them know just how outraged we are!     American International Group Inc $40 Billion Citigroup $20 Billion Bank of America Corp $15 Billion Merrill Lynch & Co $10 Billion Morgan Stanley $10 Billion Goldman Sachs $10 Billion Synovus $973 Million Popular Inc $950 Million E*Trade Financial Corp $800 Million M & T Bancorp $600 Million Associated Banc-Corp $530 Million Webster Financial Corp $400 Million South Financial Group $347 Million East West Bancorp $316 Million Sterling Financial Corp $303 Million Citizens Republic Bancorp $300 Million Susquehanna Bancshares Inc $300 Million Cathay General Bancorp $258 Million FirstMerit Corp $248 Million Trustmark Corp $215 Million First Midwest Bancorp Inc $193 Million Pacific Capital Bancorp $188 Million Boston Private Financial Holdings $150 Million Western Alliance Bancorporation $140 Million CVB Financial Holdings $130 Million Signature Bank $120 Million Iberiabank Corp $115 Million Taylor Capital Group $105 Million Sandy Spring Bancorp $83 Million Columbia Banking System Inc $76.9 Million Independent Bank Corp $72 Million Superior Bancorp $69 Million Nara Bancorp $67 Million Wilshire Bancorp $62 Million Great Southern Bancorp $60 Million Center Financial Corp $55 Million Ameris Bancorp $52 Million Home Bancshares Inc $50 Million Fidelity Southern Corp $48.2 Million Capital Bancorp $42.9 Million Southern Community Financial Corp $42.75 Million Heritage Commerce Corp $40 Million Porter Bancorp Inc $39 Million Peoples Bancorp $39 Million First Defiance Financial Corp $37 Million Encore Bancshares Inc $34 Million Severn Bancorp $30 Million Bancorp Rhode Island $30 Million Tennessee Commerce Bank Corp $30 Million Intermountain Community Bancorp $27 Million LNB Bancorp $25.2 Million VIST Financial Corp $25 Million Wainwright Bank & Trust Corp $22 Million Indiana Community Bancorp $21.5 Million Unity Bancorp $20.6 Million First PacTrust Bancorp Inc $19.3 Million HopFed Bancorp Inc $18.4 Million Bank of Commerce Holdings Inc $17 Million First 1st Financial Services Corp $16.3 Million Pamrapo Bancorp Inc $11.4 Million Broadway Financial Group $9 Million American River Bankshares $8 Million Central Federal Corp $7.23 Million Capital Pacific Bancorp $4 Million

Source: Bailoutsleuth.com

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November 26, 2008 - Posted by | Economy | , , , , ,

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