You Gotta Be Kiddin' Me!

[Adam Weinberg]

An email from Organizing For America below:

This is absolute deception. Obama and Biden voted for and championed this mess when they were in the Senate and now that they have to be responsible for it, they're playing populist and hoping no one notices.

They are talking about the consequences of their own actions as if they could not be easily predicted or that they should not be held accountable.

And now that taxpayers have already been squeezed by the government and the banks in collusion, they're now going to be put through the ringer once more by the banks through the action of the government.

Does anyone think the banks are not going to transfer their losses through this tax onto the people who use the banking institutions?

Friend --

Yesterday, President Obama announced our proposed Financial Crisis Responsibility Fee on the country's largest banks:

"My commitment is to recover every single dime the American people are owed. And my determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at some of the very firms who owe their continued existence to the American people...We want our money back, and we're going to get it."

The fee would recover every penny loaned to Wall Street during the financial crisis and stop the reckless abuses and excesses that nearly caused the collapse of our financial system in the first place.

But the banking industry -- among the most powerful lobbies in Washington -- is already launching attacks to stop Congress from enacting the proposal.

Barack and I aren't backing down. But to win, we'll need the American people to add their voice right away.

Thankfully, OFA supporters are already signing on to a bold statement of support: "We want our money back -- and we stand with President Obama to make sure we get it." You can add your name by clicking here.

The proposal is expected to recoup billions from the big banks, most of it from the ten largest. As the President said, "If these companies are in good enough shape to afford massive bonuses, they are surely in good enough shape to afford paying back every penny to taxpayers."

There is much more work to do to reform the financial system and create a new era of accountability. But the Financial Crisis Responsibility Fee is a crucial step. And with the banks already working to tear it down, I hope that I can count on you to speak out to show that Americans stand with us as we take them on.

Click here to add your name to the statement:

http://my.barackobama.com/Banks

Change isn't easy, but it's certainly worth fighting for. I'm glad you're in this fight with us.

Thank you for making it possible,

Vice President Joe Biden

 

[Billy the Great Khan]

An email from Organizing For America below:

This is absolute deception. Obama and Biden voted for and championed this mess when they were in the Senate and now that they have to be responsible for it, they're playing populist and hoping no one notices.

They are talking about the consequences of their own actions as if they could not be easily predicted or that they should not be held accountable.

And now that taxpayers have already been squeezed by the government and the banks in collusion, they're now going to be put through the ringer once more by the banks through the action of the government.

Does anyone think the banks are not going to transfer their losses through this tax onto the people who use the banking institutions?

I hope everyone who is a member at these banks switches to a local bank. That was the first thing I did after I got out.

 

[tinfoil]

An email from Organizing For America below:

This is absolute deception. Obama and Biden voted for and championed this mess when they were in the Senate and now that they have to be responsible for it, they're playing populist and hoping no one notices.

They are talking about the consequences of their own actions as if they could not be easily predicted or that they should not be held accountable.

And now that taxpayers have already been squeezed by the government and the banks in collusion, they're now going to be put through the ringer once more by the banks through the action of the government.

Does anyone think the banks are not going to transfer their losses through this tax onto the people who use the banking institutions?

LOL Exactly. Thanks Obama.

 

[Taichiliberal]

An email from Organizing For America below:

This is absolute deception. Obama and Biden voted for and championed this mess when they were in the Senate and now that they have to be responsible for it, they're playing populist and hoping no one notices.

They are talking about the consequences of their own actions as if they could not be easily predicted or that they should not be held accountable.

And now that taxpayers have already been squeezed by the government and the banks in collusion, they're now going to be put through the ringer once more by the banks through the action of the government.

Does anyone think the banks are not going to transfer their losses through this tax onto the people who use the banking institutions?

Wasn't there already new legislation either passed or being debated that would prevent banks from raising interests rates to do what you suggest here?

 

[Billy the Great Khan]

Wasn't there already new legislation either passed or being debated that would prevent banks from raising interests rates to do what you suggest here?

They can still easily charge the money in fee's. Minimum balance fee's, inactivity fee's, overdraft, minimum withdraws, etc.

 

[SmarterthanYou]

Wasn't there already new legislation either passed or being debated that would prevent banks from raising interests rates to do what you suggest here?

and these are the kinds of laws we're left with. written by wealthy elitists who do not deal with the everyday financial issues of middle and lower class people. makes you feel all warm and fuzzy, don't it?

 

[Taichiliberal]

Originally Posted by Taichiliberal
Wasn't there already new legislation either passed or being debated that would prevent banks from raising interests rates to do what you suggest here?

They can still easily charge the money in fee's. Minimum balance fee's, inactivity fee's, overdraft, minimum withdraws, etc.

As those already exists and are being contested (example being a ruling against jumps in credit card interests), you'd think they wouldn't be that obvious. Oh well, we'll see.

 

[Taichiliberal]

Originally Posted by Taichiliberal
Wasn't there already new legislation either passed or being debated that would prevent banks from raising interests rates to do what you suggest here?

and these are the kinds of laws we're left with. written by wealthy elitists who do not deal with the everyday financial issues of middle and lower class people. makes you feel all warm and fuzzy, don't it?

As those already exists and are being contested (example being a ruling against jumps in credit card interests), you'd think they wouldn't be that obvious. Oh well, we'll see.

 

[Adam Weinberg]

It will be that obvious, but they will blame the banks and not themselves. They don't care what happens to us.

This is a strategic move for the purpose of deflection. They want to kill the issue of being the Banksters' banker and become the opponent of the very policy they enacted. And people are too busy suffering to really take enough collective notice for the moment.

This is all about people in government ducking responsibility for what they do and finding someone else to blame.

 

[cancel2 2022]

It will be that obvious, but they will blame the banks and not themselves. They don't care what happens to us.

This is a strategic move for the purpose of deflection. They want to kill the issue of being the Banksters' banker and become the opponent of the very policy they enacted. And people are too busy suffering to really take enough collective notice for the moment.

This is all about people in government ducking responsibility for what they do and finding someone else to blame.

So Goldman Sachs and Lehman Bros are all exonerated?

 

[Billy the Great Khan]

So Goldman Sachs and Lehman Bros are all exonerated?

Yes and no. Yes in the sense that the government gave them money and financed them without any change in the way the banks do business, and no in the sense that the banks should have seen this coming and acted more responsible.

 

[Norman Paperman]

This wouldn't bother me so much if it didn't also apply to the banks that have already paid back their portion of the funds they "borrowed."

I'll stick with my credit union, thank you very much.

 

[Taichiliberal]

It will be that obvious, but they will blame the banks and not themselves. They don't care what happens to us.

This is a strategic move for the purpose of deflection. They want to kill the issue of being the Banksters' banker and become the opponent of the very policy they enacted. And people are too busy suffering to really take enough collective notice for the moment.

This is all about people in government ducking responsibility for what they do and finding someone else to blame.

Well, let's see how things shake out....personally I'm waiting for some sharp representative to start raising hell. But essentially what you're doing here is trying to state a "what if" as a certainty.

 

[FUCK THE POLICE]

Why are you opposed to a tax on the banks? You love banks?

 

[FUCK THE POLICE]

It will be that obvious, but they will blame the banks and not themselves. They don't care what happens to us.

This is a strategic move for the purpose of deflection. They want to kill the issue of being the Banksters' banker and become the opponent of the very policy they enacted. And people are too busy suffering to really take enough collective notice for the moment.

This is all about people in government ducking responsibility for what they do and finding someone else to blame.

Adam, you are acting like a paranoid lunatic.

 

[Billy the Great Khan]

Adam, you are acting like a paranoid lunatic.

You're acting like a retarded ostrich with it's head in it's own ass. With as much as you hate and distrust greedy corporations, you think they won't pass that tax on to you, the unlubed but willing customer?

 

[FUCK THE POLICE]

Do you literally believe that all of this was just a plot by Obama to shuffle as much money over to banks as possible, and then cackle off into the night? You don't think he did it because he thought it would be best for the American people in general?

That is paranoid thinking.

 

[Billy the Great Khan]

Do you literally believe that all of this was just a plot by Obama to shuffle as much money over to banks as possible, and then cackle off into the night? You don't think he did it because he thought it would be best for the American people in general?

That is paranoid thinking.

No, I think he put a lot of money into the large banks because those banking interests said "We'll give you large sums of money so you can continue to be elected officials and not have to do anything".

 

[Adam Weinberg]

Do you literally believe that all of this was just a plot by Obama to shuffle as much money over to banks as possible, and then cackle off into the night? You don't think he did it because he thought it would be best for the American people in general?

That is paranoid thinking.

That's not what I said.

I said he doesn't want to take responsibility for the consequences of his actions and feels forced to blame the banks (who don't ultimately care because they already got their welfare check and this tax won't cost them anything), when he is much more responsible for their continued bad behavior than even the banks themselves.

 

[FUCK THE POLICE]

No, I think he put a lot of money into the large banks because those banking interests said "We'll give you large sums of money so you can continue to be elected officials and not have to do anything".

Obama's campaign finances weren't largely done by banking interests.