AP to the Banks: Show Us the Money. The Banks' Reply: Bugger Off

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Download | Play Download | Play Always the class act, VP Cheney admitted to Chris Wallace yesterday that he did indeed tell Patrick Leahy to "go f*ck himself" on the Senate floor four years ago when the Vermont Senator chided him about his connection to Halliburton's war profiteering.WALLACE: Did you tell Senator Leahy, “bleep yourself”?CHENEY: I did.WALLACE: Any qualms, second thoughts, or embarrassment?CHENEY: No, I thought he merited it at the time and we’ve since patched over that wound.In case you forgot the context, here it is from a June 25, 2004, CNN story:Cheney, who as president of the Senate was present for the picture day, turned to Leahy and scolded the senator over his recent criticism of the vice president for Halliburton's alleged war profiteering.Cheney is the former CEO of Halliburton, and Democrats have suggested that while serving in the Bush administration he helped win lucrative contracts for his former firm, including a no-bid contract to rebuild Iraq.If there's one thing you have to admire about Dick Cheney, it would have to be his eager willingness to speak his mind with little to no regard for the consequences.Cheney really is some sort of potty mouth. Remember, back in 2006, Bob Woodward revealed that Cheney cursed him out over his Kissinger meeting revelations.
Dec
2008

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What chutzpah: Think you could borrow money from a bank without saying what you were going to do with it? Well, apparently when banks borrow from you they don't feel the same need to say how the money is spent. After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending it. Some won't even talk about it. "We're choosing not to disclose that," said Kevin Heine, spokesman for Bank of New York Mellon, which received about $3 billion. Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money, said that while some of the money was lent, some was not, and the bank has not given any accounting of exactly how the money is being used. "We have not disclosed that to the public. We're declining to," Kelly said. The Associated Press contacted 21 banks that received at least $1 billion in government money and asked four questions: How much has been spent? What was it spent on? How much is being held in savings, and what's the plan for the rest? None of the banks provided specific answers. Is this insane?
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