Wednesday, October 13, 2010

Working Class Shows up the Banks

I have been thinking about how stinky the banks have been. They took money that they say the government "forced" them to take. What did they do with it? Did they do problem solving within their institutions? Did they give the money to projects that need attention in the communities where they exist? Do any Public Private projects resonate within the halls of Chase, BofA, CitiGroup or other banks? NO! The answer is NO Way.

From what I read, they gave their stockholders big dividends and their executives bonuses.

Now look at the car makers that were given stringent loans. Working along with the people they employ they seem to have been able to come up with profits and repayment of government loans. MOST importantly, they saved the jobs of many of their employees. Yes life in Michigan and other areas where people build cars are not as they were, but the workers and their bosses seem to have been more responsible and Patriotic than the Wall Street Greedmeisters.

I really hope Obama learns whom to help and whom to let fall and fail on their own. Some of these banks are too greedy to be propped up by the government and the taxpayers whose money is used in the wrong parts of the economy.
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