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Taxpayer Paid Party at Northern Trust! Concert and Drinks…

February 24, 2009

It seems that there are several concerned in Washington about the massive spending spree that went on with money from Northern Trust. What appears to be a rampant abuse of taxpayer money has a few feathers ruffled. Golf outings, Cheryl Crow concerts and drinks, drinks, drinks… Party on finance-boys!

northerfunds

Oh, by the way, maybe someone should tell Northern Trust management that they need to lay low and not spend TARP money for a while, until confidence is restored.  At least until you can provide returns worth partying about. Your 2008 numbers are horrific, and these below include the 50% bond exposure for the family.

Below is a letter from TMZ – Celebrity News, said to be authentic. Though there is no actual letterhead or signatures, it is surely what is on the minds of the signers…

(Here is another article on the subject.)

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Written by Andrew Horowitz · Filed Under Economy, Markets, Stocks 

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2 Responses to “Taxpayer Paid Party at Northern Trust! Concert and Drinks…”

  1. 20090225 « Kisiel2’s blog on February 25th, 2009 5:40 pm

    [...] The Northern Trust partied a little bit too much (here). [...]

  2. Tyler on February 27th, 2009 9:18 pm

    Waddell would like to thank you all for the great party:

    http://www.blables.com/comics/?id=25

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