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Showing posts with label banking failures. Show all posts
Showing posts with label banking failures. Show all posts

Tuesday, July 2, 2013

We seem to be getting more stupid, as a nation


I couldn't believe it when I read it:

Texas Teen Jailed For Sarcastic Facebook Comment

So bankers can take literally millions upon millions of dollars from people--stealing it, factually--and aren't even charged with a crime but let one teenager type something sarcastic on a social page and HE'S jailed?
Where on Earth are our priorities?

And that one, above, is on top of this one from the recent past:

Police arrest sidewalk chalk-drawers in LA Occupy protest 

We don't arrest the thieves and liars at Bank of America but we arrest the people outside their banks, writing on the sidewalks in chalk.

Does any of this make any sense at all?  To anyone?  

Well, except to the banksters.

Sunday, December 20, 2009

Banking trivia questions

1) How many banks has the FDIC had to close, to date, so far this year?

140

2) How much has the closing of these banks cost us, to date?

30 billion dollars

The correct answers to the above questions begs the following question:

Should the US more stringently regulate the banks, the banking system and the bankers, here in the US?

It seems the answer is clear.

And yet, check this out:

"The American Bankers Association issued a "Call to Action" on Wednesday, urging its lobbyists and member banks to make an all-out effort to crush regulatory reform in Senate. As part of that campaign, it lashed out at its community-bank rival, charging it with being too soft on bank reform efforts."

"In an unusually frank memo from ABA Chairman Art Johnson, the lobby group congratulates bankers for sending some 300,000 letters to Congress opposing reform, crediting the effort with killing several significant provisions."

What chutzpah.

Contact your Congressperson---Senators, Representatives, both--and tell them we need this regulation back. We used to have it. We need it to return.


Find answers here:
http://www.huffingtonpost.com/2009/12/19/fdic-shuts-down-seven-mor_n_398071.html
http://www.huffingtonpost.com/2009/12/16/bank-lobbyists-launch-cal_n_394673.html