Obama to banks We want our money back
Filed Under (Credit Cards) by admin on 26-08-2010
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www.msnbc.msn.com President Obama announces newborn set on bounteous banks. See what you think. It doesnt good to me same hes recouping some of the Brobdingnagian profits that the banks prefabricated with the TARP money. Nor does he name the bizillions of dollars that the Treasury bimanual over. Its also over 10 years. I conceive the man at the modify of the discourse is correctjust something to appease mainstreet. Copyright MSNBC 2010 Bonuses scheme founder bankers Wall Street lobbyists agent Reserve FRS assign game note Obama announces newborn set profits
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i guess us taxpayers dont get to apply interest when we loan banks money
Why would the government impose a fee on a financial firm, which it owns equity stake in?
Bailout funds were converted into COMMON SHARES!!!
Such a fee would be excessive and unnecessary, and would constitute enforced government robbery!!! On the other hand — maybe the “government” is just paying itself, as a stake holder in said companies??
And all this “bla bla bla bonuses” talk — HEY, if you don’t like what a company is doing, DON’T HOLD THEIR STOCK!!
@francis7841 thanks for sharing your thoughts
I’m no Obama fan, but I kinda like this one. True they should never have recieved the money, and the government caused all this in the first place… But, even though I’m sure it will be years from now, getting that cash back is good for the U.S. of A. My only concern is how this will affect Americans at the bank.
i think its time for a revolution, actin like we need the gov or something? thats the kinda attitude that got us all into this mess in the first place.
revolution is a good thing, look at history? has it ever been looked as a bad thing? no.
it means your free again and out of there dumb ass system.
revolution people! its time!
this is the kind of shit which gets a president assinated.
so morons refused to except there was a collapse coming ?morons denied when the collapse was taking place before our very eyes that it was happening,now the same morons are claiming we are coming out of the collapse that was’nt going to happen and not happening ! but parrots are not expected to think just repeat ?
Completly agree hopeurfree
“Any time you tax a buisness the buisness has to get the money from somewhere; the customer. Tax managment more then? NO, they’ll just raise their pay making it even more exspensive for the customer.
Any time you tax ANY buisness they are taxing YOU.
Sell off the bailed out companies and keep the change. No new taxes, bad managment gone.”
Buisness, unions, whatever should not be allowed to give contributions or gifts to polititions. That’s part of the issue
Touche’. Hahaha! Looks like we could all use a little history refresher. I just tired of seeing good people make arguments that are mostly sound and then have it blow up at the end because of factual errors. I think we needed to do something about the financial crisis, but I have to admit that Main Street deserves to stick it to Wall Street this time – the peasantry will only carry the aristocracy for so long and then it’s “off with their heads!” One can be revolutionary without being communist.
Actually Harding was President in 1920 with Hoover as Sec of Commerce. You must have same list I did.
Actually Harding was President in 1920. Coolidge was 1923. Hoover was the Secretary of Commerce under Harding and he chose to not bail banks out in 1920 & economy recovered quickly having purged all the bad Investments.
Thanks for pointing that out. I had a list of Presidents in front of me and copied the one above in each case. It was late….
@NOTAdemocracy FDR wasn’t president in 1929, Hoover was. WOW…EPIC FAIL!
@NOTAdemocracy Hoover wasn’t president in 1920-21 – it was Coolidge! Know your facts.
This is proper propaganda. no number, lots of magic words and emotions.
business as usual.
total Zimbabwe style 2010 sum: 15,000 Billion dollars in FREE bailout money.
If you can create money out of thin air and then loan it at interests, does it matter what taxes are used?
proper-Ganda
Study the ‘Forgotten Recession of 1920-21. Hoover refused to bail out Banks and many went under. It took 8 MONTHS for the economy to recover and a huge boom of the 1920’s on a sound footing. The bad Banks were gone, the responsible Banks took over and the lesson was learned. There is no evidence from history that a ‘catastrophe’ would have occurred if the TARP had not been paid. In fact the exact OPPOSITE can be proven from 1929 when FDR bailed Banks out and 20 other Bank Crisis of 20th Century
WAKE UP EVERYONE! You – the Taxpayer loaned 700b in TARP (Didnt Bush give an earlier $700b and $800b after also?). Banks now charge YOU extra interest and charges to recoup the $700b and pay you back? They have done no such thing. You have been charged twice – Once with the TRAP money and twice with the extra interest and fee’s. This isnt difficult maths. So if You know it then Obama must know it? He IS the whole scam with the phoney ‘Hue & Cry’ from Wall St pretending to be upset at $90b tax.
This speech has played out as I had thought it would (thoughts-6 months back).
My only error, I thought it would take place in 1-2 years.
Things are happening fast.
I would love to have been able to study Summers just out of frame face…
Thanks for vid.
Obombers children have already been setup with lifetime no show jobs, trust accounts and free collage education from these same corporations. At this point all credibility has been lost.
except himself
yes, thank you for commenting
Today’s democrats = corrupt deals with special interest groups.
Obama’s skills are pretending he has the upper hand on confronting corruption, and creating distractions away from Washington’s corrupt deals with special interests.
dead – Banks that have paid back their loans (with interest) are now being taxed for the ones who haven’t paid back their loans? Why are they not taxing GM, Chrysler and AIG. These firms have not paid back their loans, but get a free ride. This tax on banks means that banks will have less money, making the banking situation worse. The tax will mean higher fees and it will get passed down to consumers. Anyone who believes the banks will just absorb these taxes needs an economics lesson.
That has been done. They will got the money in some other way. Stock options, transportion write offs, gifts. I’m sure there are ways.
WE bought up all of their debt. Barrowed billions of dollars then gave it to the banks. Now we are paying interest to the federal reserve for money the banks have. On top of that the banks are collecting interest on money they’re not loaning out.
The banks WE own should be broken up and sold off with no resoprociy for the management.
Banks and FED make out
very true