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House Democrats Demand TARP Funds Back HW+

Feb 25, 2009By

House Committee on Financial Services Democrats, including Barney Frank, issued a letter Tuesday to the CEO of Chicago-based Northern Trust Corp. [stock NTRS][/stock], asking for a return of some of the $1,576,000,000 in TARP funds granted to the bank on Nov. 14. “We are dismayed and angered to learn that Northern Trust recently spent millions of dollars on a PGA golf tournament sponsorship and associated parties at the same time it has taken over $1.5 billion in federal stabilization funding under the Troubled Asset Relief Program,” the letter read, in part.

3d rendering of a row of luxury townhouses along a street

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