Tag Archives: TARP

Payback

It all comes from our pockets anyways

They’re getting what they deserve.

The latest in a long line of missteps and failures, cop-outs and poor choices that is the multiple bank failures and bankruptcies and bailouts and now the payback.

President Obama is looking to recoup the cost of the banking bailouts from those few banks that haven’t yet repaid what they’d taken from us.

Can’t say I blame him in this case. I’d want my money back too, especially if my shopping list was as long as his.

Unfortunately, the bailout money was taken from me, you, and all the other productive members of this society to pay for the failures of the financial flops. And now the recouping fees will come from us too.

That sock under the mattress is looking better by the minute.