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Businessweek Archives's take on Northern Trust

You know the economy is front and center in the national psyche when, the celebrity gossip site best known for breaking the news of Mel Gibson’s drunk driving arrest is now writing about the bank bailout.

In this latest expose, big bank Northern Trust, a recipient of federal bailout funds is shown parting it up in Los Angeles, with not just a golf open but private parties at a Sunset Strip night club, Tiffany gift bags, petite Angus filets and concerts by Sheryl Crow and Chicago.

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