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Barney Gets $40K from Bailout Bank Buddies

House financial services chair reneges on promise.

11:11 AM, Oct 22, 2010 • By MICHAEL WARREN
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The Boston Herald reports:

Frank vowed in February 2009 that he wouldn’t accept campaign donations from banks that received money under the $700 billion Troubled Asset Relief Program (TARP) or political action committees tied to such institutions.

But Frank has hauled in thousands from top execs at Bank of America, Citizens Bank, Wainwright Bank, JP Morgan Chase and other institutions that received billions in TARP money.

Just yesterday, Frank made new campaign finance disclosures showing he received $17,000 from top executives of Bank of America — including $2,000 from CEO Brian Moynihan. B of A received $45 billion in bailout money. In all, Frank has hauled in at least $27,000 since 2009 from bank execs — and $13,000 from PACs — connected to banks that received TARP funding...

Meanwhile, GOProud, the gay conservative 527 group, has a new ad out with a special appearance by Barney Frank:

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