Senator Kay Bailey Hutchison, a Texas Republican, reported that she received between $1,000 and $15,000 for her seat licenses for the Texas Motor Speedway in Fort Worth.
As if no one would ever notice that members of the Senate Banking Committee that oversees TARP funds actually hold stocks in the government-assisted companies they bailed out - while bailing out their own investments. Skunks!
Kay Bailey Hutchison (R-TX):
Sen. Kay Bailey Hutchison (R-Texas) still owns small amounts of stock in Regions Bank, based in Alabama, and Zions Bancorporation, a Salt Lake City company. Both have received TARP money, according to a Treasury Department report.
Senator Kay Bailey Hutchison, the top Republican on the Commerce Committee, owns $152,000 to $380,000 in stock in companies with communications interests regulated by the panel, according to the Texas lawmaker’s disclosure form. Reported holdings include $50,000 to $100,000 in AT&T Inc. and $101,000 to $250,000 in General Electric Co., which owns 80 percent of the television, film and amusement park company NBC Universal.
“She is in complete compliance with every law and every Senate rule relating to financial interests,” said Lisette Mondello, a spokeswoman for Hutchison. “This year, as in every other year, she always fully discloses her interests.”