TARP Lobbying

The Politico has a summary of TARP participants disclosing lobbying activities last quarter.

Bank of America, which received $45 billion in bailout money, boosted its lobbying tab to $890,000 in the second quarter, up from $660,000 in the first.

Citigroup, a $50 billion bailout recipient, nearly doubled its lobbying efforts, spending $2 million in the second quarter, compared with $1.35 million in the first.

Goldman Sachs, which received and has paid back $10 billion in TARP funds, reported spending $1 million on advocacy activity in the second quarter, compared with $670,000 in the first.

And Morgan Stanley, which has also repaid its $25 billion in bailout money, saw its lobbying tab increase to $935,000 in the second quarter, compared with $645,000 in the first.

Even the insurance giant American International Group, which is the biggest TARP recipient, at $70 billion, hasn’t left the lobbying field, although its payments didn’t accelerate in the second quarter.

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