You could say it all started in February 2009. That’s when Rep. Barney Frank of Massachusetts, Democratic chairman of the House Financial Services Committee, sent a letter to Northern Trust’s CEO lambasting the Chicago-based bailout recipient for its title sponsorship of a PGA Tour stop in Los Angeles. On learning of the bank’s on-site hospitality events for top clients and employees at the golf tournament, Frank demanded the bank immediately return to the federal ...

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