Thursday, December 11, 2008

Elementary Finance: ROI

This makes sense. If you're in the fast-lane to bankruptcy, give money where it counts: to the political conventions!

Key industry actors in the current financial crisis gave $14 million to conventions, CFI reports. The following are some of its findings:

Freddie Mac gave $500,000, half to each committee.

Ford Motor Company donated $200,000 for the conventions, half to each host committee (Also, Kirk Kerkorian, Ford’s largest shareholder with ties to GM and Chrysler, gave $3.5 million).

General Motors provided 735 new cars to the Democratic and Republican Party convention committees for elected officials' use.

American International Group, or AIG, gave $1.5 million split evenly between the two committees

Investment companies including Goldman Sachs, Morgan Stanley, J.P. Morgan Chase, UBS and Lehman Brothers, gave $1.5 million.

Other financial institutions that have received or are eligible for bailouts, such as Citigroup, U.S. Bancorps, Wells Fargo, Cobank and Bank of America, donated $2.9 million – much of it was given to the Republican committee

Whaddya call those bailouts?

R O I!!!

1 comment:

Anonymous said...

I got a grant from the federal government for $12,000 in financial aid, see how you can get one also at