Bailed Out Banks Spent Big On Charities Connected To Lawmakers

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Financial firms and other companies receiving billions of dollars in federal bailout money spent hundreds of thousands of dollars to pay for meetings and charitable gifts on behalf of lawmakers.

In the last six months of 2008, as a financial crisis enveloped the country and lawmakers voted on a $700 billion financial rescue package, eight companies that would benefit from that package spent roughly $366,000 on events and charities connected to members of Congress, according to a review of congressional lobbying records.

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