Alec Baldwin Fund Tied to Wall Street, Big Oil, by Jeffrey Lord
Isn't this rich?It's long, but definitely worth your time to read the whole thing and learn that the upshot is that it's all perfectly legal.
Morgan Stanley, the legendary Wall Street investment banking company founded by J.P. Morgan that took $10 billion in federal bailout funds back in 2008 during the financial crisis, is a "Corporate Partner" providing funding to the Carol Baldwin Breast Cancer Research Fund. Named for and listing as chairwoman actor Alec Baldwin's breast cancer survivor mother.
With Alec Baldwin himself serving on the Fund's "Advisory Board.
Merrill Lynch, owned by the Bank of America, is also a "Corporate Partner" with the Baldwins, the company famously teetering on the edge in the 2008 crisis and being purchased by BOA. It was eventually revealed that Merrill Lynch used some $3.6 billion to pay out in "bonuses" -- approximately a third of the amount received in federal TARP (Troubled Asset Relief Program).
Exxon Mobile has pitched in as well. The very emblem of Big Oil, Exxon Mobile is another "Corporate Partner" funding the Carol Baldwin Breast Cancer Research Fund.
I've actually run out of synonyms for the words, outrage, mind-boggling, hypocrisy, disaster ...

No comments:
Post a Comment