Do you Believe Banks That Where Given Bailout Funds Should Be Allowed To Raise There Bank Fee's?
In The News Lately You Will Find Several Banks Which Were Given Bailout Funds in The Process of Raising There Bank Fee's Beyond an Astronomical Price. Do You feel This Would Be Ok With You?
Did You Have a Bank Recently Enforce This on You; If So Which One?
It's not just the banks. The entire financial system has grown piratical. Bankers, insurers, securities traders ... they all are looting the public with exorbitant fees, usurious rates, fraud. In my view, the basic problem is that the system through over-regulation and crony relationship is now an unofficial branch of the state. Financial and government institutions are merely different faces of the establishment, both having evolved into means of preserving a corrupt status quo of privilege and wealth for its elite members.
That problem cannot be solved with more rules made by politicians and bureaucrats who themselves are among the beneficiaries of the system. It will take structural reform leading to the breakup of, among others, the big banks and the destruction of their cozy symbiosis with government. Frankly, as deeply entrenched as we foolishly have allowed this monstrous state to grow, I do not see that happening. Through every congress, every administration, every change of government in every developed nation, every new international agency and program, the problem only becomes bigger. We have a world in which democracy has been subverted to oligarchy with those promising to change it, including our current rulers, only using our gullibility to get power and money for themselves. If anyone has an answer to the question of how reform could succeed now, I would love to hear it.
No!!!! I don't think that they should be allowed to raise or charge fees. The reason banks needed bailout money was because they were irresponsible to begin with. Secondly, it is our money. It is greed. Maybe, banks, corporations and the government should try what the majority of us do spend our money wisely and budget. Lindy
by Robert 9 years ago
Just watched a video on PBS about local governments suing banks to recover bailout money. It's claimed the banks have created a public nuisance by allowing large number of foreclosures to occur, destroying neighborhoods and reducing the tax base.Are lawsuits the only solution for local...
by phion 6 years ago
Taxpayers pay for $49,000 of the $89,000 dollars it cost to build a Chevy Volt. Sound like a good deal to you? That President Obama really wasn't joking when he said energy costs will have to sky-rocket was he? What a joke. See what happens when we rely on government?
by earnestshub 8 years ago
GM reckon that although they had a lousy year, the will be in profit this year and all the bailout money is to be paid back by June.There have been quite a few companies paying the bailout money back. Is this another positive indicator?
by Jen King 8 years ago
NEW YORK (CNNMoney.com) -- General Motors has made a final payment of $5.8 billion to the U.S. and Canadian governments, paying off the last of its $6.7 billion in loans, the company said Wednesday."I am very pleased to announce that, as of today, General Motors has repaid, in full and with...
by Gary Anderson 9 years ago
I do write Hubs about stuff like this But even if I didn't I would be spreading the word, walk away from every loan you can. Here is the deal, the banks scammed us with Basel 2 shadow banking. That allowed liar loans, and the house bubble and crash. Then they got a huge stimulus while we got...
by Barefootfae 5 years ago
http://www.myfoxdetroit.com/story/20264 … support-usOnce again....people say there is no entitlement mentality in out nation.I say BS.
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