While the MSM breathlessly reports their anger at Wall Streeters getting taxpayer-financed bonus money, they surprisingly have no problem taking the same taxpayer financed cash from the same institutions to run ads of dubious value. ABC News:
Some of the countryโs biggest recipients of taxpayer bailout money are busy bragging about what a good job they are doing, with one even pointing out that it has established two regional centers to help struggling homeowners.
Thereโs at least one hitch, however.
JPMorgan Chase, which announced the creation of the two regional centers, wonโt say where they are located. The banking giant wonโt even say which cities they are in.
American banks, awash in taxpayer bailout cash, have been trying to boost their tattered public images by taking out expensive full-page ads to tout the number of people theyโve helped by easing their mortgage rates.
The expensive public relations campaign is the latest questionable action by banks that are being propped up with public funds.
The PR drive came a day after President Obama railed against bank executives as โshamefulโ and โthe height of irresponsibilityโ for giving themselves nearly $20 billion in bonuses, despite having managed their institutions and the nationโs economy to the edge of disaster.
So, MSM, are you going to give the taxpayersโ money back?





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