Obama wants the TARP funds back
During his weekly address, President Obama vowed to get TARP funds back from the banks and blamed them for the job crisis the nation faces.
Photos: americans4financialreform/Flickr
businesses closed their doors, many looked at the careless risks that some of these financial institutions took. Had these risks not been taken then perhaps we’d be facing a much different economic situation.“Those who oppose this fee say the banks can’t afford to pay back the American people without passing on the costs to their shareholders and customers. But that’s hard to believe when there are reports that Wall Street is going to hand out more money in bonuses and compensation just this year than the cost of this fee over the next ten years. If the big financial firms can afford massive bonuses, they can afford to pay back the American people.” Source: White House
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