Obama tells banks-We want our money back..

[AmericasBrave58]

http://www.dailyfinance.com/article/obama-tells-banks-we-want-our-money-back/850757


OH!!!! Yeah!!!!? That will be a cold and windy day in hell, before that ever happens, in this day and age.When you bail them these people out, they keep it, even if they don't deserve it.BankofAmerica is one that is as crooked as an old man's spine, yet they still sucker their customers.

 

[Oddball]

Interesting:

"Politics have overtaken the economics," said Scott Talbott, the chief lobbyist for the Financial Services Roundtable, a group representing large Wall Street institutions. "This is a punitive tax on companies that repaid TARP in full or never took TARP."

Even before details came out, Jamie Dimon, chief executive of JPMorgan Chase & Co., said: "Using tax policy to punish people is a bad idea."

<snip>

So far, the Treasury has given $247 billion to more than 700 banks. Of that, $162 billion has been repaid and banks have paid an additional $11 billion in interest and dividends.

Also, it's interesting to note that GM (by extension GMAC), Fannie and Freddie are notably exempt from this little browbeating session.