Citibank Top Donor to Obama Inauguration:

Citibank employees were big campaign contributors to Barack Obama's Presidential campaign.Not a bad rent-seeking "investment".Obama voted for TARP.Now Newsmax reports:

Employees of Citibank, which received $45 billion in rescue funds in the federal bailout, have contributed the most to Barack Obama's inauguration fund, at least $113,000 as of Wednesday.

And the bank is lobbying behind the scenes for more money from the second $350 billion installment of federal bailout funds, according to The New York Times.

Among the contributions from Citibank executives is $50,000 from Ray McGuire, the bank's co-head of global investment banking, and $50,000 from Louis Susman, the recently retired vice chairman of Citigroup, the Huffington Post reports.

Susman also bundled $300,000 in donations for the inaugural committee, according to Politico.com.

Bundlers are fundraisers who collect checks from friends and associates and deliver them to a campaign or committee.

Citigroup employees also gave $586,000 to Obama during the 2008 election cycle.

This is the flow of how the socialist redistribution of wealth works.TARP money for Obama's inauguration,which only insures more TARP money! We have a feeling Chris Dodd and Barney Frank don't mind Citibank making campaign contributions to politicians with TARP money.Citibank may be on the verge of insolvency( because of their inability to run a prudent bank) but they have the money to be the biggest donors at Obama's inauguration! Is Barack Obama(Democrat-Citibank)?