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OpenSecrets.org: Cleaver Accepted $5,000 from Bailout Recipient

February 11th, 2009 by mopns · No Comments

While Rep. Cleaver, and the other Democrats on the House Financial Services Committee feign outrage today during their hearing, remember to keep this piece from OpenSecrets.org in the back of your mind.

By Lindsay Renick Mayer

Emanuel Cleaver (D-Mo) $5,000″

The eight CEOs testifying Wednesday before the House Financial Services Committee about how their companies are using billions of dollars in bailout funds may find that the hot seat is merely lukewarm. Nearly every member of the committee received contributions associated with these financial institutions during the 2008 election cycle, for a total of $1.8 million. And 18 of the lawmakers have their own personal funds invested in the companies.

All of the companies represented at the hearing have received millions, even billions, from the government’s Troubled Assets Relief Program (TARP). Read more…

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