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October 16, 2009

Goldman Sachs & Friends' Incredible Investment Returns

Barry Ritholtz points to one of the greatest investment returns in history, 258,000%.

The single best investment — in terms of greatest return on invested dollars — has been the lobbying efforts of the major banks and finance firms.

They spent $114.2 million dollars in contributions toward the 2008 election, according to the the nonpartisan Center for Responsive Politics. The companies that have been awarded taxpayers’ money from Congress’s bailout bill spent $77 million on lobbying and $37 million on federal campaign contributions, the Center finds.

These firms political activities have yielded them $295.2 billion from Recapitalization, TARP and other assorted bailouts.

The return on investment: 258,449 percent.


Maybe it's just semantics, but it really seems that the terms "campaign contributions" and "lobbying efforts" have the same definition as bribery.

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