SPHERE: Obama to Banks: 'We Want Our Money Back'
My very first reaction was: "Now you are talking!" Upon further consideration however I wonder if Obama even knows what he really is talking about.
It all sounds so great and wonderful, but I see nothing else happening but going around in circles. The reason for this statement is that Obama can demand money back from the banks and when they pay up, their profits decline. Who do you think will pay for that? Yup, the tax payers!
The banks will simply increase their percentage rates, overdraft fines, ATM and check fees and etcetera. They may loose a dime, but they will charge us a quarter extra. This is the way it always goes and I don't see that change in this case. We simply go full circle.
Round and round and round it goes, when it stops: we are out of dough!
It all sounds so great and wonderful, but I see nothing else happening but going around in circles. The reason for this statement is that Obama can demand money back from the banks and when they pay up, their profits decline. Who do you think will pay for that? Yup, the tax payers!
The banks will simply increase their percentage rates, overdraft fines, ATM and check fees and etcetera. They may loose a dime, but they will charge us a quarter extra. This is the way it always goes and I don't see that change in this case. We simply go full circle.
Round and round and round it goes, when it stops: we are out of dough!
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