The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: Wayners who wrote (24482)	1/12/2010 12:46:46 PM
From: DuckTapeSunroof	Read Replies (2) of 103300

Nah, Wayne. 1) It only applies to the "too-big-to-fail" banks who received BILLIONS from the taxpayers and are now massively profitable (just posted their most profitable year in decades, after being saved from utter failure by taxpayer money), and who are in the process of paying tens of billions in bonuses to their top execs.... (Also: will not apply to any of the smaller banks who didn't receive TARP bailouts!) 2) and it ONLY GOES to PAY BACK the taxpayers' losses from TARP and reduce the federal deficit. "Too-Big-Too-Fail" must have a cost applied to it to reduce the systemic chances for crisis and crash and damage to the real economy. And, to help do that, user fees for the TARP bailout program are APPROPRIATE, IMO. Also, my strong belief is that deficit reduction is in-order and appropriate, (and I'm always puzzled why fans of corporate socialism --- the "heads we win and tails the taxpayer pays" folks --- are ALWAYS against every pragmatic deficit reduction step that comes down the pike... yet while still always loudly singing the 'deficit blues'. :-)

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