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Old 11-20-2011, 06:15 PM
 
Location: Chicagoland
41,314 posts, read 38,585,627 times
Reputation: 7106

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Maybe the banks are getting even with obama, tired of his class warfare rhetoric, tired of blaming those fat cats and CEOs for HIS failed policies.

Does he really think his demonizing of banks, CEOs and other segments/industry of the economy comes without consequences?
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Old 11-20-2011, 07:03 PM
 
Location: Old Town Alexandria
14,506 posts, read 23,244,068 times
Reputation: 8833
lol. oh please. They are in collusion. You of all people defending banksters? odd
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Old 11-20-2011, 07:39 PM
 
5,210 posts, read 2,372,572 times
Reputation: 1868
Quote:
Originally Posted by pghquest View Post
Actually the taxpayers got a nice big profit from big banks.
Actually their paying back the bailouts with our money.

The fed has been keeping interests rates extremely low which lowers their interest expenses. Then the banks turn around and lend that, at high interest to others and use that to pay off the bailouts.

The $165B Bank Bailout That Will Never Be Paid Back - Seeking Alpha


Quote:
With dramatically lower rates on roughly the same amount of interest-bearing deposits, banks have been able to reduce their expenses by over $165B. This isn't speculation.

The numbers here are taken directly from the FDIC's own figures. Savers and depositors have been deprived, as a matter of policy, of over $165B in interest, which has gone instead to subsidize the profits at the big banks and the bonuses of the executives who run them. $165B amounts to over $500 for every man, woman and child in America, or over $900 for each and every taxpayer and each of their children.

Taxpayers may have read in the headlines that the big banks have paid back all the bailout money, but the money being paid back is coming right out of their own pockets.


also

Banks to Use Fed Funds to Repay…Fed Bailout | TheBlaze.com


Quote:
Some banks will use money from a government program aimed at increasing small business loans to repay their federal bailouts, according to the Treasury Department official who oversees the bailout program.
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Old 11-20-2011, 07:44 PM
 
Location: Old Town Alexandria
14,506 posts, read 23,244,068 times
Reputation: 8833
Interesting the far right forgets hank paulson in 2008 before Obama (note:legislation is complicated kids)....and has no clue on legislation since the 1970's that has caused this depression.
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Old 11-20-2011, 07:48 PM
 
Location: Maine
561 posts, read 423,096 times
Reputation: 306
Quote:
Originally Posted by hotair2 View Post
Big banks stock have been taking a beating. Corporations know that the best way to increase your stock prices in the short term is to announce job cuts. This is what they are doing. Unfortunately for their employees they are nothing more than tools to drive up executive compensation based on the shares of their stock bonuses increasing.
If your beloved Big Government had not stepped in to bailout the Big Banks we wouldn't have to worry about it.

You can't have it both ways.

You can't worship at the altar of Big Government and then complain about the inevitable result of it's actions.
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Old 11-20-2011, 07:53 PM
 
Location: Maine
561 posts, read 423,096 times
Reputation: 306
Default For the Record

Quote:
Originally Posted by TimC2462 View Post
People defending big banks? Whoa. And this is after the taxpayers have bailed out the big banks and in returned, got left in the cold.
Taxpayers didn't bail out the big banks. Big Government bailed out the banks.
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Old 11-20-2011, 07:55 PM
 
Location: Maine
561 posts, read 423,096 times
Reputation: 306
Quote:
Originally Posted by 2e1m5a View Post
Seriously, what will it take for these sheep to stop repeating the same propaganda that has destroyed our country? When will they realize that the same exact banks (JP Morgan, Chase, BOA) caused both the Great Depression and this current recession and came out bigger and stronger after each crisis.

The select elite members that control our economy and country do not care about them but that doesn't stop the sheep from fighting for the elites and ensuring to elect the right people (puppets) in. Maybe some remorse will be felt when the dollar is tanked? We are being duped, people. WAKE THE F UP!
Perhaps your tinfoil helmet has slipped off.
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Old 11-20-2011, 07:56 PM
 
Location: Old Town Alexandria
14,506 posts, read 23,244,068 times
Reputation: 8833
Nope. wrong again. we are all paying for it. The press conference in 2008 where hankie paulson looked like a fat cat that just swallowed the American public proves it. It was planned and engineered.

Goldman sachs in collusion w. gov't. We all pay.
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Old 11-20-2011, 08:01 PM
 
Location: Maine
561 posts, read 423,096 times
Reputation: 306
Quote:
Originally Posted by dreamofmonterey View Post
yep. avoid b of A., jpmorgan and Wellsfargo..their interest is 30% and all their customer service is now in Bangladesh, phillipines or Mexico.

whores for interest and usury, unregulated by govt.
Your "tax the rich" hero, Warren Buffett owns 361 million shares of Wells Fargo.

Now who feels foolish?

Last edited by Recovering Democrat; 11-20-2011 at 08:33 PM.. Reason: Completeness
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Old 11-20-2011, 08:02 PM
 
Location: Old Town Alexandria
14,506 posts, read 23,244,068 times
Reputation: 8833
Quote:
Originally Posted by TimC2462 View Post
People defending big banks? Whoa.

And this is after the taxpayers have bailed out the big banks and in returned, got left in the cold.
Amazing isnt it? banksters rape and pillage and the housing marker is in the dumpster, yet people are supposed to carry on...."Eyes Wide Shut" indeed.

Dodd-Frank Bill was a sham foisted on the American public yet I dont see the far right even acknowledging it...well, in all fairness maybe they havent read the legislation.......They do know Mr Frank is gay though
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