Hard Hitting Ad Campaign Launches This Week Attacking Greedy, Anti-Business Behavior of Major US Financial Institutions

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Jul 26, 2010, 06:05 ET

WASHINGTON, July 26 /PRNewswire/ -- Well-respected Los Angeles developer Sonny Astani unleashes a hard-hitting ad campaign this week. The campaign takes issue with the way the world of commercial financing has reshaped itself in the wake of a weakened economy and poor decision-making on the part of the FDIC.

Even more specifically the manner in which companies like Starwood Capital, TPG Capital, Perry Capital and WLR LeFrak have taken advantage of the FDIC's takeover of failed institutions such as Corus Bank of Chicago – camping on 0% loans, while the developers, their workers and other employees are left in limbo. This is not to mention the billions in payroll dollars, city and state revenue evaporated in similar processes - nationwide.

The ad sternly asks:

"Is this really what the Treasury Department's Public Private Investment Program (P-PIP) was intended to do?"

And goes on to point out:

The transcript of Treasury Secretary Tim Geithner's announcement of the program, released March 23, 2009 by the White House Press Office states:

"We need to get this very powerful stimulus program in place as quickly as possible. It will help get millions of Americans back to work."

The campaign broke this weekend in The Weekly Standard and will continue this week in Roll Call, national newspapers and other inside-the-beltway publications.

Mr. Astani is available for comment or interviews.

Please visit

http://www.astanienterprises.com

and

http://www.starwoodkilledmyjob.com