“Iceland did not bail out the banks or the bank investors and its economy is thriving”
Our model beats theirs. We bailed our banks with taxpayer money and the bank execs are thriving: “All-Time Record: Wall Street Compensation Hits $135 Billion” http://blogs.forbes.com/robertlenzner/2011/02/02/alltime-record-135-billion-wall-street-compensation/
Something just does not smell right and does not pass the constitutional muster.
Can government COERCE a private company to ACCEPT money they did not ask for ?
Funny how after the government started attaching strings to the TARP bailouts, the banks all started saying they didn’t want it in the first place, they didn’t need it, Hank Paulson forced them into it.
I have a hard time believing that people in powerful financial positions are that easily coerced.
Would you say no if the Treasury Secretary called you up and said he demanded you accept a $45 billion bailout at 0% interest, no rush, pay us back whenever you feel like it?
“Our model beats theirs. We bailed our banks with taxpayer money and the bank execs are thriving: “All-Time Record: Wall Street Compensation Hits $135 Billion”
Oh goody life long democrat Lloyd the Vampire and obama’s favorite banker Jamie Demon will have more money to give him next time around.
Barack’s Wall Street Problem is Now America’s
http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/
JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats
http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html
The Icelander’s brought out the torches I think we should have too overwhelmingly people said no to the bail outs but our voices were not heard. Makes you wonder who the politicians were representing?
“When you factor those loans in, along with the cost of a foreclosure prevention program, taxpayers have only recouped $274 billion out of a total $410 billion. Treasury isn’t expecting to make all that money back. It recently estimated a final cost to taxpayers of $48 billion for the entire program.”
http://money.cnn.com/2011/02/02/news/economy/tarp/index.htm
Funny how the mainstream media only cover’s a part of how much we are still bailing out the banks and the true cost to taxpayers. I’m surprised they even put that part in way at the bottom of the article as it is but here’s another way those banks that own obama are still being bailed out by our tax dollars.
http://www.reuters.com/article/2010/01/05/us-usa-housing-bailout-idUSTRE6044YU20100105
More on how well Iceland is doing now link only...