Well, we the American Public have made the big banks whole, JP Morgan record profit

Thanks to us, the American Public and our tax dollars. Oh and those JP Morgan bonus checks are going up 18%, YIPPPEEEEEE!!!!!

But, when will the American Public be "made whole". When is that bailout ferry coming down Main Street? Because it continues to pass us by....

The anger out in Main Street is real....

U.S. financial giant JPMorgan Chase said Friday it broke its revenue record in 2009, earned $11.7 billion in profits and would bump bonus checks 18 percent.

The bank is the first financial behemoth to release official records covering a controversial year in which taxpayers and politicians fumed over paychecks incomprehensible to some so soon after an industry bailout, The New York Times reported.

For 2009, JPMorgan set aside $26 billion for salaries and bonus checks for its employees -- an average of $272,000 per worker, although some checks would be far greater than that.

And the new tax that President Obama wants to put in place? Let us see how far that will go because so far, anything dealing with Wall Street has gone Wall Street's way from this administration. Is this tax a good political move for the Obama White House? Yes. Especially since many Americans feel this White House has not done enough to regulate these banks, push legislation against these banks, and have a compromised Treasury Secretary in Tim Geithner.

For this, the public is not asleep at what is going on.

Source

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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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Ed Schultz snaps on Wall Street bonuses and lack of regulation (Video)

Ed Schultz goes after Rep. Barney Frank (D-MA) and these continued bonuses, from the back of the American taxpayer.

The Obama White House needs to turn the light bulb on about Wall Street and these bonuses, AGAIN, with our taxpayer dollars. See, I talk about the Joe and Joesetta, not the champaign clinking crowd of Wall Street and the DC cocktail hour. It is these people that are disconnected with what is going on out here.

Folks still losing their homes at record pace, check.

Savings, retirement funds, 401Ks have shrunk to record lows, check.

Banks and Wall Street still doing what the hell they want and shafting the public, really a check.

Unemployment rate at 10.2% and the real unemployment with underemployment is over 17%, yeah big ass check.

NO JOBS OUT HERE, some out of work for months, some over a year, a disastrous check.

Sure Bush put us in this position, but the likes of Timothy Geithner and Larry Summers is not helping us neither. I am sorry, when you worked with the same people you BAILED out, you end helping them. That is what has happened.

Lastly, the public is angry about this. You can rally the shit out of Wall Street for the Dow Jones, but in the end it just help the status quo, the ones with all the money anyway. And this thinking of it will create jobs, the trickle down effect? Look at those unemployment numbers and tell me, who is really being helped.

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