Mark Cuban Invests In Bailoutsleuth.com Blog

 
Mark Cuban, the number 161 richest American, has made an investment in a blog that tracks how the $700 billion bailout package is being spent.  As many of you know, Neel Kashkari, Senior Advisor to Henry M. Paulson is directing the bailout package.  And Chris Carey, the founder of BailoutSleuth wants to make sure that the money is going in the right places.

Chris Carey, is a former St. Louis Dispatch reporter.  Carey is good at reading through SEC documents and court filings.  He has already discovered bailout contracts with some of the banks.  Below are 27 banks of the banks that are receiving federal investments according to Carey:

1. Citigroup Inc. (New York) — $25 billion
2. JPMorgan Chase & Co. (New York) – $25 billion
3. Wells Fargo & Co. (San Francisco) — $25 billion
4. Bank of America Corp. (Charlotte, N.C.) — $15 billion
5. Goldman Sachs Group Inc. (New York) — $10 billion
6. Merrill Lynch Inc. (New York) — $10 billion
7. Morgan Stanley (New York) — $10 billion
8. PNC Financial Services Group Inc. (Pittsburgh) — $7.7 billion
9. Capital One Financial Corp. (McLean, Va.) — $3.55 billion
10. Regions Financial Corp. (Birmingham, Ala.) — $3.5 billion
11. SunTrust Banks Inc. (Atlanta) — $3.5 billion
12. Fifth Third Bancorp (Cincinnati) — $3.4 billion
13. BB&T Corp. (Winston-Salem, NC) — $3.1 billion
14. Bank of New York Mellon (New York) — $3 billion
15. Keycorp (Cleveland) — $2.5 billion
16. Comerica Inc. (Dallas) — $2.25 billion
17. State Street Corp. (Boston) — $2 billion
18. Northern Trust Corp. (Chicago) — $1.5 billion
19. Huntington Bancshares Inc. (Columbus, Ohio) — $1.4 billion
20. First Horizon National Corp. (Memphis, Tenn.)  — $866 million
21. City National Corp. (Beverly Hills, Calif.) — $395 million
22. Valley National Bancorp (Wayne, N.J.) — $330 million
23. UCBH Holdings Inc. (San Francisco) — $298 million
24. Washington Federal Savings (Seattle) — $200 million
25. First Niagara Financial Group Inc. (Buffalo, N.Y.)  — $186 million
26. HF Financial Corp. (Sioux Falls, S.D.) — $25 million
27. Saigon National Bank (Westminster, Calif.) — $1.2 million

[via PEHub]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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