News Radio WOAI KTKR AM Sports
SpursReport.com

Go Back   SpursReport.com > SpursReport Fan Forums > The Cantina

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 03-16-09, 03:44 PM
Sparkle's Avatar
SpursReport Team Member
 
Join Date: Dec 2008
Posts: 358
TMZ Story Forces Bank to Return $1.6 Billion!!!!

TMZ Story Forces Bank to Return $1.6 Billion!!!!
Posted Mar 1st 2009 3:04AM by TMZ Staff

How's this for action. Northern Trust -- the bank TMZ exposed this week for throwing a series of lavish parties and concerts in L.A. -- is giving back the $1.6 billion in federal bailout money!

We had our cameras out as the bank hosted fancy dinners for hundreds of clients and employees. We had video of the Sheryl Crow concert it threw after closing down the House of Blues. And then there were concerts by Chicago, as well as Earth, Wind & Fire ... and the Tiffany gift bags for the ladies.

The story triggered a furor in D.C. ... Congressman Barney Frank demanded that Northern Trust repay the money it blew.

Outrageously, the bank didn't even ask for the bailout money in the first place. But now, under pressure, Northern Trust CEO Frederick Waddell sent a letter to members of the House Financial Services Committee, saying his bank will repay the government funds "as quickly as prudently possible."

TMZ Story Forces Bank to Return $1.6 Billion!!!! - TMZ.com
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2  
Old 03-16-09, 03:54 PM
Guapo's Avatar
SpursReport Team Starter
 
Join Date: Nov 2002
Posts: 3,268

This as people go starving and homeless. Straight to hell for those bastards!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


All times are GMT -5. The time now is 07:31 PM.


Powered by vBulletin Version 3.7.4 Copyright © 2000-2008 Jelsoft Enterprises Limited.

Content Relevant URLs by vBSEO 3.2.0