Last week, when American taxpayers learned that a bank receiving Troubled Asset Relief Program funds had thrown a lavish bash and spared no expense to celebrate with the bands Chicago and Earth, Wind & Fire, I introduced legislation based on a simple concept: If a company accepts bailout funds from the taxpayer, it can’t waste money on lavish parties, expensive dinners and Tiffany trinkets.
The reaction in some quarters suggests that I had attempted-like a modern-day Dean Wormer in “Animal House”-to ban fun of any kind, or that the wheels of commerce and marketing would grind to a halt.
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