Thursday, January 14, 2010

President Obama to tax banks and bonuses obscene (Video)

This is a great speech, but the reality is that most of these banks repaid the loan, and have given the government and American people a big "F and U". They are not lending out money, they have increase huge fees to many Americans, they are just fucking outrageous. The bottom line is this, this government under the leadership of George W. Bush and Barack Obama just gave these banks money with NO STIPULATIONS. Just gave the money out up front with no conditions or stipulations. That is what happened, we all know this. Does anyone perform business out here and just give your money to someone/a business without stipulations? I am sure you do not, but the government does. And while Barack Obama is at it, get rid of Timothy Geithner, he is compromised, damaged goods and never should have been confirmed. Folks, until the laws are changed on the books and action is taken, having these speeches and giving outrage means nothing. If you want real change, CHANGE THE DAMN LAWS.



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At least this is better than the shitty half-baked plan that the UK government under the pathetic leadership of Gordon Brown and Alistair Darling that is only going to raise $800m (or 8% of Barack Obama's intended $100bn) by imposing a one-off tax on bankers bonuses. The lack of balls in UK has caused bankers to get angry and threats of leaving (please GO), main street angry because it is merely a drop in the ocean of the funds expanded in the bail out and the govenrment unhappy because it has barely made a dent in the country's out of control deficit.

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