Instead of this law they should pass one that prohibits Companies that receive TARP or other bailout money from giving political campaign contributions. Tax payer money should not be laundered through insolvent companies and then given to politicians.
Why not? The politicians are already using AIG to launder bail-out money (taxpayer provided) which is then funneled to foreign banks. Yes, we are bailing out the world.
I believe the "outrage" the politicians are expressing is due, in no small part, to them wanting to keep the American public from learning that we are sending taxpayer dollars to bail out foreign banks.
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Now, THAT’s a bill I could support!