According to the Huffington Post, Citigroup has been caught using some of its $50 billion in federal bailout (TARP) money to help organize large corporations against the Employee Free Choice Act — an important piece of legislation which would make it easier for workers to unionize and demand better wages and benefits, not to mention make life more difficult for union obstructionists like Walmart.
And there you go. That’s exactly why enforceable guidelines for spending the bailout money should have been imposed from the beginning!
CREDO, however, thinks that Neil M. Barofsky, Special Inspector General for TARP, and Elizabeth Warren, Chair of the Congressional Oversight Panel to review TARP, might actually be able to do something about this, if put under pressure. Sign the petition now asking them to investigate Citigroup and other TARP recipients, and to revoke funding from those who insist on spending it for unintended and damaging purposes.