What is this idiot doing now??

[Total_Blender]

You have no idea how banking works or the private sector so I don't out much faith in your statements

Why don't you explain to me, then how having my bank involved in mortgage backed securities and other financial skullduggery is supposed to benefit me as a consumer. ?

[Vteckidd]

Why don't you explain to me, then how having my bank involved in mortgage backed securities and other financial skullduggery is supposed to benefit me as a consumer. ?

why should I? Youre just going to say i get all my info from people with no sources and Glenn Beck.


Many Banks DIDNT TAKE stimulus money or didnt NEED it but the GOVT made them take it anyway. Many banks that took money, had bad assets in their Investment sections not their ACTUAL banking division (where you keep your money). Most of them have paid the money back WITH INTEREST in less than 12 months.

Now, they are going to be PENALIZED for trying to make a profit. Make no mistake about it, you can call it whatever you want, its about the govt telling you how much money you can make.

Who do you think is going to be effected most by he 40% tax he wants? not the banks. itll be YOU in the terms of higher intrest rates, more bank fees, less loans, more fees to trade on wallstreet

dont think fora second the banks will absorb a 40% tax on profits in their financial investment centers and just say "cost of doing business".
This will KILL JOBs more by killing lending, loans, and passing MORE COST onto the consumer

Ill post more when i get home, im late for an appt