Layout:
Home > American People Left Behind

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."

Text is http://finance.yahoo.com/tech-ticker/article/390564/Big-Banks-Escape-TARP-But-%22We've-Left-Our-American-People-Behind%22-Lynn-Tilton-Says?tickers=wfc,bac,c,xlf,skf,spy,USB and Link is
http://finance.yahoo.com/tech-ticker/article/390564/Big-Bank...

0 Responses to “American People Left Behind”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]