The only reason 0bama could even get away with proposing this sort of lunacy is because his constituents are too stupid to understand that banks will just pass those fees right on down to their customers.
Bambi’s hiding his failure by posturing.
What a moron this president is.
All of the big banks except Citi have paid the taxpayers back IN FULL with interest. That includes the banks that didn’t want TARP funding, but were forced to take the money so as not to arouse suspicion.
These banks are also being forced to pay three years ahead their FDIC insurance premium payments, to get that fund solvent again.
I have a better idea. Why don’t you force the banks to recognize the bad loans on their books, taking the losses so they’re out of our system? And forcing their shareholders to bear them, which is how it’s usually done?
Oh wait, that’s right..we can’t do that, because the gov’t bought warrants for bank shares. And keeping the stock prices high ensures big bonuses for your buddies.
He turns my stomach with this fake populism shit.
This is just theater. When the press looks the other way, Brack will fold. How’s that Pay Czar working out lately?
Lesson #1 How to tax the American people without them knowing it!!
Would that be like unions who curry favor actually and successfully stoppping Obamas new taxes (but only themselves). Apparently there it was OK to oppose Obama’s proposals.
Valerie Jarret said just before Zero announced this that it didn’t matter that the BANKS had paid back the money WITH interest. That in the fine print of Tarp, they not only were responsible for their own loans, BUT for any and ALL receipiants of Tarp Funds. Since the auto companies (other than Ford) will not pay back the bailout, the Banks become responsible for their share of the funds. READ THE FINE PRINT DID YA BANKS.
And the stupid taxpayers will get the fees (tax) passed to them via higher bank charges and fees.
So not only did the taxpayers fund the original bailout, we are now going to payfor the bailout twice. DOUBLE TAXATION.
One thing about Dums ONLY the taxpayers get screwed from their hairbrain schemes.
What started as a one time bailout is turning into yet another tax on the american people.
Zero thinks the American people are so dumb that they can’t figure out his bait and switch schemes.
“Like clockwork, the banks and politicians who curry their favor are already trying to stop this fee from going into effect,” Obama said in his weekly radio and Internet address.
Sounds like something Hugo would say...
I detest the big banks which are mostly run by globalists. For example the CEO of JPMorganChase, Jamie Dimon, is a major supporter of BO. They also created a PAC to support BOs policies.
That said, BO is a bufooon who is working to destroy America.
The destruction of America by a thousand cuts is right on track.
He is such a joke. Does he think we buy this nonsense? Maybe it makes the poll numbers go up but he and the banks are on the inside with each other and they both know it! It’s really just another tax on us.
“We’re not going to let the banks take the money and run! WE’RE going to take the money and run!”
oBAMa
There AREN'T any "Rich" any more, you dumb ****.
What I would like to be hearing instead.
“We’re not going to let Washinton take the money and run. We’re going to pass this tax cut into law,”
Did Hugo Chavez write this for him?
Obama says the people’s money... you and I will never see that money again, we knew it when they stole it from us.
Now collecting the fee from banks calling it the people’s money... we will never see that money either.
So after I loan you the money with interest to fix up and sale your house, and you pay it back with interest, also means I can come back later and tell you “by the way I some of your profit too”.
With Obama's popularity hovering around 50 percent and congressional elections in November, the White House wants to cast itself alongside ordinary Americans while branding Republicans as the party for the rich.Two words: George Soros.
NYC Mayor Bloomberg said the ‘fees’ on the banks will turn NYC into Detroit.
Thanks, idiots for electing this dunce to the presidency.
The banks will pass the bail out fee on to its depositors. WHAT IS WRONG WITH OBAMA..... HE HATES THE AMERICAN PEOPLE!