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Obama Slams "Fat Cat Bankers"

December 13, 2009 4:39 PM

"The people on Wall Street still don't get it."

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by en184 October 23, 2011 3:52 PM EDT
Obama does not get it. Election is coming. Obama is toast.
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by en184 October 23, 2011 3:51 PM EDT
Obama does not get it. Election is coming. Obama is toast.
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by kirkln December 18, 2009 9:37 AM EST
I would like to go back to the banks for a moment one of the biggest scams the banks ever pulled off is the over draft fees back in the 80s they would deduct the checks you had money to pay and only charge you fees for the ones you did not then sometime in the 80s they started charging overdraft fees on every check that came in 5 checks totaling 164.00 and you only have 162.00 5 overdraft fees 35.00 each 175.00 I wonder how much money the banks make every year on this and it is taking from people that are broke F#$%^ing bastards
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by kirkln December 18, 2009 9:32 AM EST
I would like to go back to the banks for a moment one of the biggest scams the banks ever pulled off is the over draft fees back in the 80s they would deduct the checks you had money to pay and only charge you fees for the ones you did not then sometime in the 80s they started charging overdraft fees on every check that came in 5 checks totaling 164.00 and you only have 162.00 5 overdraft fees 35.00 each 175.00 I wonder how much money the banks make every year on this and it is taking from people that are broke F#$%^ing bastards
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by ldtuttle December 14, 2009 2:46 PM EST
Being just a few years older than the President I offer this comment, Bankers are acting exactly like they did during the Great Depression. Some of the richest people in the country just got richer during the Depression. This is why the New Deal was so important! You can't leave unfettered greed to run our economy. The country made the changes necessary to hold them accountable for 50 years the only problem, we deregulated the banking system! Next time if they fail let them fail! It won't matter to us we are always going to be left holding the ball and they will have the big bag of money!
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by Patriot_Sam December 14, 2009 12:05 PM EST
"I did not run for office to be helpin' out a bunch of fat cat bankers on Wall Street. Nothing has been more frustrating to me this year than having to salvage a financial system, at great expense to taxpayers, that was...caused by...completely irresponsible actions on Wall Street."

Welcome to capitalism. If you found it so frustrating why didn't you just let them fail. I wish you had. The bankers don't get it? Are you kidding me? You don't get it. If a company can't manage without financial help from the government then they should FAIL! YOU raided my retirement, you raided the future generations and you have the audacity to sit here and complain?

For all you people who complain about the "gouging". If you don't like it find another bank. Cut up your credit cards. Make a change. You don't have a right to free money. You don't have a right to expense free checking. If you want that find a bank that offers it. If you can't find it for free manage your money so you don't bounce any checks.

Wealth envy is an ugly thing. It means the little people have given up on the dream of making it big. And when that happens everyone starts crying "That's not fair!!" Life isn't fair. If you this it is or should be, you're probably a liberal.
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by texrep December 14, 2009 9:37 AM EST
If the banks are paying the government back, then it should be dedected from the bailout and the taxpayer should not have to pay for it.
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by badskpr1 December 13, 2009 10:01 PM EST
As a little guy who wants a small personal loan; I agree. My loan could do the following
Things: 1. start a solar-wind project. 2. Start a community sailing project. 3. employ five hundred people.
What has the banks done except raise the fica to 780. Besides the banks want to charge 16% interest. Amazingly, no one has the forms for these loans.
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by dptompkins December 13, 2009 9:48 PM EST
Why wasn't this segment on TV? I agree, The banks just don't get it. They continue to gouge the american people. From mortgage lending to $35 for an overdraft fee???
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by origtartuffe December 13, 2009 9:23 PM EST
In lieu of toothless regulations (that Larry Summers and Robert Rubin - his owners will approve or not) some real jail time would do more to assure against moral hazard. Charges? Crimes against humanity, grand theft, malfeasance, arrogance. Where to start? All banks over a specified level of capitalizatiion, all hedge funds of all sizes, and all owners of Bahama tax haven properties, and all yacht purchasers in last five years. Class warfare? Why not? They did - on the lower class (the lower 90%). Aint capitalism grand?

Consign the wise-guys to a Detroit bridge under-belly for the duration of the recession plus 2 years (at least).

Will it happen? Weigh your bonus against theirs for the answer. They bought Obama during the campaign. They still have the bill of sale and the mortgage. The puppeteers and the puppet on parade.
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