Obama's Biggest Failure

Discussion in 'Politics' started by candycorn, Sep 24, 2012.

  1. candycorn
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    candycorn Alis volat propriis

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    ABC News is reporting that bank ATM fees and fees for checking accounts are going up.
    We were sold a bill of goods that there were banks that were too big to fail--8 of these banks are US Based:
    The 29 Global Banks That Are Too Big To Fail - Forbes

    In TARP, according to Wiki; $245B of the $700B was handed out to the US banks that are now raising fees based on their being too big to fail.

    Guess what; they're still too big to fail.

    Obama voted for TARP; these institutions should be broken up. This isn't some esoteric battle of conscience; it's freakin plain as day.
     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Banks should be like obamacare and give us stuff for free
     
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  3. Seawytch
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    Seawytch Information isnt Advocacy

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    Who has been taking the teeth out of any legislation that would prevent "too big to fail" from happening again?

    Hint: it's not the President
     
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  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Why do we even need banks anymore? We can get money from the government
     
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  5. The Rabbi
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    The Rabbi Diamond Member

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    WTF have you done with Candycorn??

    Yes, Dodd-Frank enshrined too big to fail. It outlawed certain streams of revenue so banks had to find other streams to replace them. What? You think banks are non-profit instutions? No. Now we have crony capitalism enshrined in the banking system. They should never have been bailed out as they have been. I was for a temporary backstop to restore confidence, but this has gone way beyond doing that. The Fed has been paying banks with taxpayer funds for selling it toxic mortgage bonds. That is just one of many subsidies handed out.
     
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  6. AquaAthena
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    AquaAthena INTJ/ENTJ

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    "Obama's Biggest Failure"

    Having both Houses of Congress in his first two years, and not taking advantage of that to create jobs, rather than destroy those actions that would create them.
     
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    Last edited: Sep 24, 2012
  7. Oddball
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    Oddball BANNED Supporting Member

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    Being a dick.
     
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  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Government gave money to banks so we cut out the middleman and get money from government...its free too!!!
     
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  9. Locke11_21
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    Locke11_21 God Bless And Protect Law Enforcement Supporting Member

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    Obama's biggest failure....should that be "failures" since there are so many of them. Here are just a few of them:

    the stimulus packages

    promising to get unemployment below 8.0%, oh, but wait he might just do it for next month since we have an ever increasing record number of people going to disability due to their unemployment benefits running out. And a record disaster for labor force participation rate.

    Oh, and how about that disasterous Chevy Volt Obama was promoting, yeah....LOL! Speaking of General Motors, the government bailout of them is such a disaster, GM wants out of it!!!!


    Oh...and how about Obama's biggest failure....there is not a blue America or a red America......yeah...whatev...he sure didn't follow that line of bullshit did he, most divisive polarizing president ever. Epic fail in uniting America.
     
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  10. Meister
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    Meister Platinum Member Supporting Member

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    He could have passed an immigraion bill also during that period of time :eusa_whistle:
     
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