AP source: Obama to announce bank fees Thursday

Breitbart ^ | 1/12/10 | ap

[stephenjohnbanker]

“No way should it be at 10,600. It’s been forced there by federal meddling for payola to the mega-banksters (Goldman, JPM, etc.)”

Correcto!

[stephenjohnbanker]

I noticed

[sickoflibs]

Cavuto was reporting bailed out banks were the ones being fee-ed, which I assumed was the biggest banks. I dont know that for a fact. But something has to give when the feds give handouts.

[ding_dong_daddy_from_dumas]

As many others have stated, you take more from the banks, and the banks will take more from their customers.

I think it was BO's plan from the very beginning to take money from us and give it to the government, but not to call this transfer "taxes."

They may reach a point at which they don't even pretend any more though. Aren't there instances in the Obamacare bill which use the word "tax" which will take money from folks way under incomes of $250K?

[wheninthecourse]

thanks Mr. Piper.
I will wait and listen

[sickoflibs]

Come to think of it may be Glenn Beck not Cavuto

[blackbart.223]

"Oh he knows EXACTLY where this money is going to come from, that is the whole idea. Destroy the private sector is his plan."

Crank up the printing press like his hero Hugo did.

[ding_dong_daddy_from_dumas]

Valerie Jarrett (the Obama advisor who was "thrilled" that they got communist Van Jones as a czar) was on Fox and Friends this morning. Said that even though Goldman Sachs had paid back the TARP money it received directly, should pay the proposed fees on "big banks" because GS got money indirectly from AIG's TARP money (which AIG evidently will not pay back).

True, other banks benefitted from the TARP, but I am not at all confident these fees will be used to reduce the deficit! More likely they will add to Obama's political slush fund.

Note the disdain for free speech in the following:

Yahoo link: The administration's proposal, which requires congressional approval, will apply only to firms with over 50 billion dollars in assets, according to the official....Even though auto firms General Motors and Chrysler also got money from the TARP fund, they will not have to pay the fee, the official added, warning financial firms not to make an issue of that omission....In addition, not all the firms that will be targeted by the fee actually received TARP funds...."I don't think that it would be wise for them to try to suggest that living up to the letter of the law is somehow an unfair burden on them," the official said....The cost of the fee levied on the financial firms will be assessed according to a formula looking at their liabilities, total assets and equity and tier-one capital.

[stephenjohnbanker]

“but I am not at all confident these fees will be used to reduce the deficit! More likely they will add to Obama’s political slush fund.”

Exactly!

[magellan]

Fascism.

[ding_dong_daddy_from_dumas]

As many others have stated, you take more from the banks, and the banks will take more from their customers.

True, but the FED, treasury, and congress giving or "lending" banks hundreds of billions to "save" them is the other side of the same coin. One kind of massive government involvement leads to the other.

[stephenjohnbanker]

LOL!!!!

[sickoflibs]

RE :”True, but the FED, treasury, and congress giving or “lending” banks hundreds of billions to “save” them is the other side of the same coin. One kind of massive government involvement leads to the other. “

This guy sounds like me.

Similarly, once you mandate that hospitals must give free health care for those with no insurance(or assets) , you set up a valid argument argument to mandate insurance for that care. Then libs will claim comprehensive health care with breast X-rays are required to keep them healthy is cost effective. But charging women more because they get those X-rays will be called discrimination. So men have to pay for X-rays they cant use to be fair. Then the next argument is, if those poor people get free care, why not this other group too, to be fair? Next thing you know, single payer.

Democratic socialism is a snow ball running down hill starting with one compassionate conservative. Next thing you know, rice patties!

[eclectic]

Free money for you and me! Cool!

[eclectic]

Whoa! Spreading the wealth as promised!