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American People Left Behind

December 15th, 2009 at 03:24 pm

"...banks repaying their TARP loans. It's another indicator the banking system is on the road to recovery -- or at least in better shape than this time last year. Of course, that's thanks to Treasury programs [funded by American taxpayers] like TARP and dozens of other Fed programs [which propped up the "Too-Big-To-Fail" banks to the tune of 10 trillion dollars, while at one point Americans had lost 14 trillion in household income] that kept the money flowing when bankers closed their taps [to the little guy.]

We've left our small and mid-sized businesses behind [that employ 80% of our workforce]; and we've left our American people behind... This does not an economy make.

President Obama is trying to nudge banks in the right direction, at least on the surface:

-Make more loans to small and medium-size businesses.
-Increase modifications of underwater mortgages.
-Bring executive compensation under control.
-Give more support to legislation overhauling financial regulation."

http://finance.yahoo.com/tech-ticker/article/390564/Big-Bank...

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