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October 26th, 2009
08:34 PM ET

Evening Buzz: Banks Lobbying Congress

Maureen Miller
AC360° Writer

We, the taxpayers, paid tens of billions of dollars to save the banks during the economic meltdown. Now some of those banks are spending millions of dollars lobbying Congress to make sure any reform laws are to their liking. So, you may be wondering, are the banks using the bailout money to lobby the government? Don't miss our “Keeping them Honest” investigation tonight on 360°.

ESPN fired baseball analyst Steve Phillips has checked into rehab after an affair with a staffer. In a statement, a representative for Phillips says his client is going to "address his personal issues." The representative added whatever Phillips did wrong, it wasn't under his control. Do you agree? Sound off below. Tonight we'll look at the growing celebrity trend of hitting rehab after an ugly incident.

We're also following the strange story here in New York of a young woman who showed up in the city with no memory. She didn't know her name or where she came from. With help from authorities and a CNN viewer she now has her identity back. We'll have her story.

Join us for these stories and much more starting at 10pm ET. See you then!


Filed under: Maureen Miller • The Buzz
soundoff (14 Responses)
  1. Enough

    Congress is so stupid, they hand out all this money with no oversight on it. The bailout money should only be used for business purposes, not lobbying or bonuses. Same old story from Washington. Cash for Clunkers another mistake, that should have been for AMERICAN cars only. Please Keep them out of our health care, they can't do anything right.

    October 27, 2009 at 8:57 am |
  2. SueGore

    Barney Frank was just on, saying he takes money for this lobbyist not that one, How is that legal,isn't that bribery? It nice they have this money to throw around, the public aren't that lucky, all their money goes for taxes.

    October 27, 2009 at 5:14 am |
  3. dan

    What is Franks talking about? A banking enforcement agency that can arbitrarily regulate a financial institution if they believe their actions are too risky? The real question is, what was Congressional oversight and the Fed doing as we built-up to a clearly overheated housing market?

    October 27, 2009 at 2:17 am |
  4. george miller

    They need to roll back the date of credit card reforms. Those crooks are all increasing the card rates before the new laws take effect.

    October 27, 2009 at 2:02 am |
  5. Lori

    Banks are using bailout money.

    October 27, 2009 at 12:50 am |
  6. Stayee

    It is quite strange in america that one can be paying for health insurence for all their healthy lives, but when the opportunity comes for the insurance company to live up to their obligation they tell thier tell their loyas customers they have pre-existing conditions.

    October 26, 2009 at 11:51 pm |
  7. Stayee

    The tea party is a defined movement designed to destabalised the Obama adminstration. The organisers these moverment are covert racist who cant stand to see a black man rule the free world. They jumped at the oppertunity to take advantage of a sensitive issue like the health care issue.

    October 26, 2009 at 11:47 pm |
  8. Edi

    I am responding to the question- what do I think of the Tea Party Express. I am 100% in agreement with American citizens speaking out on issues that they consider important to them. There are many of us in this country that feel as if our government (Congress) is deaf and dumb- they chose not to listen or not to hear. We are watching our Constitution be re-written. Thank goodness, freedom of Speech is alive and well in America.

    October 26, 2009 at 11:41 pm |
  9. cece

    I may be mistaken, but wasn't Franks instrumental in negotiating the bailout for the banks? How does he now criticize the same people he helped to give our money away to. I'm sick of politics and politicians.

    October 26, 2009 at 11:11 pm |
  10. cyrus

    Of course the banks are lobying congress and its nothing new. The complete de-regulation of the banks that lead us into these crises was executed by the bank lobbyists, too.
    Global recession started by unregulated banking system and greedy bankers in the first place. And I think it was a set up by the banks to pocket more than what our nation is actually worth. The same banks that made billions of dollars selling bad mortgages, are now collecting the bailout $
    The US banking system is largely remote controled by the European hidden hands and powers mostly unkown to average people and even most politicians.

    October 26, 2009 at 10:33 pm |
  11. Annie Kate

    I wouldn't put it past the banks using stimulus money to lobby Congress. They have already proved that they have no integrity or honesty. Just a bunch of grifters I think. Will be looking forward to hearing the latest in this mess.

    October 26, 2009 at 10:27 pm |
  12. Joanne P.

    We are allowing a "mob" of lobbiests to control the country. What's wrong with this picture? Everything, healthcare equity, fair lending, funding education, the greening of America ...or fees, usury, bonuses for Wall Street...

    October 26, 2009 at 10:20 pm |
  13. michael armstrong sr. TX.

    So are the people who run this country into a resescion going to get away with bank robbery

    October 26, 2009 at 10:15 pm |
  14. Bryan Sanders

    my view is that the money that was givin for the bailout ment that they had no money .so the money that they are spending is definately tax payers dollars seeing as they have not paid back any of the bailout funds.

    October 26, 2009 at 10:10 pm |