RE: WE WANT OUR MONEY BACK!
Yesterday, President Obama announced our proposed Financial Crisis Responsibility Fee on the country's largest banks:
"My commitment is to recover every single dime the American people are owed. And my determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at some of the very firms who owe their continued existence to the American people…We want our money back, and we're going to get it."
The fee would recover every penny loaned to Wall Street during the financial crisis and stop the reckless abuses and excesses that nearly caused the collapse of our financial system in the first place.
But the banking industry — among the most powerful lobbies in Washington — is already launching attacks to stop Congress from enacting the proposal.
Barack and I aren't backing down. But to win, we'll need the American people to add their voice right away.
And here's our response to it:
Dear Joe, Barack and the current administration should of thought about this before handing billions over to the banks with basically no strings attached. Now the banks have you and the country by the proverbial nuts.
We can't comprehend why if the Fed is lending what amounts to almost free money to the banks, we the consumer are getting paid on average 1% in interest for them to hold our money only to have them take that 1% back via ridiculous banking and ATM fees. The playing field between bank and consumer really needs to be leveled so that it is a win-win situation for both.
The nice-guy regime is over. You cannot please everyone. We really need to get our shit together as a country. There is too much intellectual capital on your All-Star team to not win the trophy for our country.
Get it together or in another three years, there will surely be trades made to assure our country a Championship for the people. Don't let Massachusetts be the beginning of the end for your team.