Bailed Out Bank Had Friends in High Places

The queue of banks seeking bailout money is a long and winding one. They can't even get a "hi there" from Treasury officials, bankers complain.

But OneUnited Bank is that rare success story. Even though it was scolded by regulators in October for poor lending practices and executive perks (like a Porsche), it landed $12 million in bailout money in December.

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