Author Topic: Obama slams companies for squandering bailout funds  (Read 471 times)

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Obama slams companies for squandering bailout funds
« on: January 23, 2009, 10:16:00 AM »

WASHINGTON (CNN) — President Barack Obama had harsh words Friday for companies that have engaged in lavish, frivolous spending while receiving taxpayer dollars from the $700 billion federal bailout package. During a White House meeting with the joint congressional leadership, the president said he had seen reports “over the last...

cnn.com