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Government Bails Out Bank CEO After He Expenses Mansion, Jaguar, And Porsche

08/12/2010 12:13:45 PM PDT · by blam · 2 replies · 1+ views
The Business Insider ^ | 8-12-2010 | Courtney Comstock

Government Bails Out Bank CEO After He Expenses Mansion, Jaguar, And Porsche Courtney Comstock Aug. 12, 2010, 1:16 PM Inside the Maxine Waters' ethics trial case comes the story of the government bailing out a corrupt Boston bank that Waters' husband owned stock in and sat on the board of. When Kevin Cohee, the CEO and Chairman of OneUnited, asked the government to loan the bank $50 million in TARP funds, it was discovered that Cohee had expensed quite a lifestyle to the bank's account. According to the Boston Herald, Cohee's car collection (a Porsche, a Jaguar, and more) and...

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