Is it fair for Obama to want to tax the banks when the government made their money back and then some?
by Mortgage Rates on Tuesday, November 2nd, 2010 | 8 Comments
-
Mortgage Info
-
Updates
-
Useful Links
-
-
Tags
2010 About article Auctions bank banks best Business buyers change Credit Debt Equity Financial First fixed Foreclosure From good Government Help Home house Housing interest Loan Loans Market more Mortgage Mortgages Need News options qualify Rate Rates refi refinance Refinancing should this Time variable would-
Meta
You seem to forget that a liberal has never met a dollar that he didn’t think belonged to the government.
its not going to hurt the banks, its going to hurt the people, whenever gov’t interferes with business, the business passes the costs onto the customer, same thing happened where i live, the state has new regulations on the water and light company so they in turn to keep up with gov’t regulations pass the costs onto us and now i pay more for electricity and water thanks to the gov’t
High interest rates is one of the reasons why people are so restrained right now and cannot “buy” more crap which feeds capitalism. And if the banks can`t handle a-little tax hike then should be dissolved.
Look, banks got us into this mess. You think Madeoff was the only crook out there? Let me give you a hint – his actions were the NORM for the last 8 years. When the house of cards fell apart, he was the one holding the biggest bag.
Shouldn’t the banks who screwed us over so bad contribute to the recovery? Why not?
The banks have lawyers to represent them and lobbying firms on K St. I find it sad when people stick up for a group that has a lot of power and control but whose profit and bottom line often come at the expense of the very people who are sticking up for them.
Jim you’re dead so maybe you didn’t realize that the banks haven’t paid back the money or that you (a dead guy) would have to pay this instead of a bank. Banks don’t create jobs Jim, they create wealth for the ruling class by removing it from the regular folks. Why are folks OK with wealth distribution upwards but not downward dead guy?
Jimmy,
Where have you been dude…I though you were DEAD!!?? Geesh…I didnt know you had just gone into the banking business. Tell me “Jim how ya doing?”
Anyway here is the deal. Apparently the banks are making a LOT of money….so much so that some of the bonuses the guys at the top are getting are way more than Obamas presidential salary fo a year. Bonuses, man, bonuses! Not just their salaries, but their bonuses! Were talking about bonuses man! So Obama got to thinking, how can he make some extra jack and make it look like the money is coming from the fat cat rich people? He can tax the banks! Everyone hates bankers! Dont fall for that line of thinking Jimmy you gotta “Break on Through (to the other side)” if you know what I mean. Dont get on board with that “Ship of Fools”. What hes not telling you is that the banks will just find other ways to get their money to pay these taxes. They wont come from the banks or the bonuses…they will be passed down to the customers like me and you Jimmy!! Extra ATM fees dude! Larger penalties for overdrafts and lower interest rates on your savings.
Jimmy…dude…YOUR gonna pay Obamas new tax! And the funny part is is that MOST people will vote for him again because hes for the little man and against the fat cats! “People are Strange” you know! Those Democrats are not the “Knights in White Satin” that they make out like they are. I think its about time that we “Come of age” and realize whats really going on here!
Maybe you should write a song about that….
If the banks had been smart enough to hold adequate money in reserve, the financial mess wouldn’t have been so severe. Since the government (and remember, this wasn’t Obama’s decision) can’t FORCE them to hold enough funds, they want to tax them at a higher rate and hold the funds FOR them.