Expanding on the earlier work of Texans for Public Justice, the Associated Press’s Jack Gillum reported Monday that Perry funneled $35 million of taxpayers’ money to two of the most notorious companies in the subprime mortgage disaster, Countrywide and Washington Mutual. Several years ago, Perry wanted those companies, since absorbed by Bank of America and JP Morgan Chase, respectively, to expand their operations in Texas. Not only did they do so after receiving the large subsidies from the governor, they also contributed cash to his campaign funds.
Rick Perry caught between racist rock and toxic mortgages
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