Skip to comments.Big Banks Blast Washington: Fix the Fiscal Cliff Now!
Posted on 10/18/2012 5:29:08 PM PDT by Innovative
This morning the Financial Services Forum -- a group of the nation's top bankers -- sent a letter to the White House and Congress warning that our country is facing grave consequences if nothing is done to address the fiscal cliff that's set to inflict over a trillion dollars of automatic budget cuts and tax increases on January 1st. 15 bank CEO signatories along with the group's president & CEO are not only calling on Washington to "negotiate a bi-partisan agreement as quickly as possible" to address the cliff, but are also urging lawmakers to ''restore the nation's long-term fiscal soundness."
(Excerpt) Read more at finance.yahoo.com ...
I actually think it would be a good thing. Painful but good. Take the bottle away from the alcoholic.
They’re about 8 years too late.
It’s time to put on your seat belt and tuck your head firmly between your legs.
You may be one of the lucky ones.
Get real! Hussein is too busy campaigning and fund raising to do his job! Besides the moron doesn’t really have a clue anyway!
Check out the members Goldman Sachs, AIG, BofA all too bigs who failed. What they want is a lame duck solution because they are trapped in the second milleniun mentality. We’ve come this far let’s give the next congress a chance to act!!
1) I wonder how many of these 15 bank CEO's voted for the RAT bastard communist pig 0dubmb0 in the 2008 election. I would wager that it was 10-12 of them. In that case, I have to question how unbelieveably stupid & naive & pandering they were to vote for a communist pig muslim named Barack Hussein 0dumb0 in the first place, with a known track record of being a radical, anti-American communist.
2) "negotiate a bi-partisan settlement as quickly as possible"? WTF, a bi-partisan committee to put a bill together will absolutely ensure the worst bill to resolve the fiscal crisis.
3) "urging lawmakers to ''restore the nation's long-term fiscal soundness." What, are these bankers really as dumb as they sound? Urging lawmakers, 90% of whom have never served in anything outside of pandering for votes. The entire group of demoRATs in DC and most of the Repubs couldn't restore a lemonade stand, even with pocket fulls of cash.
I will offer my sound advice & counsel to these bankers for only $50 million, a tremendous deal compared to all other programs in Washingon DC. The advice..... QUIT SPENDING!!! CUT SPENDING BY 50% ACROSS THE BOARD! There lawmakers... $50 million please by eod tomorrow. Thank you!!!
The fix will have to be applied during the lame duck session, which means all bets are off. The lame duck will be chock-full of bitter Dems who just lost their meal ticket, so it won’t be pretty.
If Obummer wins, he won’t agree to anything that doesn’t include a huge tax increase on the upper earners. And that won’t fly with the Republicans, so down we go.
Should Obummer lose, he’ll be in such a post-narcissistic funk that he probably won’t even call for the lame duck session. In fact, I wouldn’t be surprised if he tries to crash the whole system, out of spite. Plus there is the issue of all his post-election Executive Orders and inevitable pardons.
Either way, I think we’re deeply screwed.
These are the favored retards that got us into a lot of this mess with their buddies in Congress. These are the ones that should have been allowed to fail. Give them Glass Steagall back as a minimum penance and require WS to have an intrinsic value for anything traded. Getting rid of electronic trading that doesn’t have human interaction would be a good start IMHO.