A group of SEIU members are on the Hill this morning, calling on Congress to prevent companies that are receiving massive taxpayer subsidies from spending money on lobbying that may pit their corporate interests, and the interests of highly compensated CEOs, against taxpayers' interests.
While taking taxpayer money, bailout recipients like Bank of America & Merrill Lynch have continued to lobby--through their trade association memberships--to block consumer protection measures, predatory lending regulations, and the Employee Free Choice Act, a measure that would ensure workers the freedom to form a union for a voice for improved wages, benefits, and working conditions. Beyond the Troubled Asset Relief Program (TARP), some bailout recipients--who fail to provide affordable healthcare or a living wage to their employees--are dipping into additional federal coffers, forcing thousands of employees to seek healthcare through taxpayer funded programs like Medicaid and food stamps.
Watch the C-SPAN live hearing as CEOs from eight major banks that received $125 billion in taxpayer bailout funds are called before Congress to account for their use of the funds.
UPDATE, @5PM: The hearing is over now, but you can still watch the testimony of the CEOs whose companies received the first TARP funds explain how they used the bailout money before the House Financial Services Committee.
> Watch the TARP hearing's morning session here and the afternoon hearing session here.

