Your “NO! Really? Who would have thought it?” headline of the day.

Banks with political ties got bailouts, study shows

(Via Drudge)  Oddly enough, Reuters completely forgot to mention any particularly egregious examples.  This one in particular: you’d think that they would have wanted to do some actual reporting on skulduggery.

OneUnited Bank in Massachusetts got aid after Rep. Barney Frank (D-Mass.) inserted language into the bailout bill that effectively directed Treasury to give the bank special consideration. Rep. Maxine Waters (D-Calif.) also helped the bank, in which her husband held shares, by arranging a meeting between government officials and a group including OneUnited’s chief executive. The bank got $12.1 million last December, but it has made only a single dividend payment. It has now missed payments in three straight quarters, and it is not required to make up the missed payments.

You’d think.

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