Why Is TMZ Surprised By Bailout Bank Spending?
I just watched a segment on the NBC Nightly News broadcast about bailout banks and how they spend their money. Northern Trust (Ticker: NTRS) is the bank under the microscope tonight. TMZ broke the story entitled, “Bailout Bank Blows Millions Partying in L.A.” The TMZ article describes a golf tournament and associated activities overflowing with corporate excess. The festivities included performances by Sheryl Crow, Chicago and Earth, Wind & Fire. Read the response from Northern Trust.