Comment Re:Occupy Wall Street protesters are creating thei (Score 0, Flamebait) 451
Their point is: the banks wrecked the economy, probably criminally.
Uhmm
They not only did not get punished, but they got 700 billion dollars of taxpayer money
And Banks did not want TARP
which they then turned around and used to pay bonuses to the people that wrecked the economy.
Attacking the banks is a nice and tidy class-warfare position that may get some traction among those who are not informed, the real culprit in this case is the Federal Government. By interfering with the "invisible hand" of the economy, it places pressure to do the "wrong thing". Of course, it makes people feel good that they helped out a nice couple trying to buy a house for the first time, however, if it is KNOWN that the payments would not be able to be made
The issue is the double standard - if I am a rich bank, I can do whatever I want, and if I get into trouble, I get bailed out with taxpayer dollars, and if I am not a rich bank, then I'm screwed.
I would argue that it is with the Government that is at fault
what they want is the government to spend its money helping its citizens in need rather than banks who deserve to fail for their incompetence.
That's assuming that the banks did it on their own. NOT under the threat of former Attorney General Janet Reno