The Obama Bank Fees Should be Levied on the Bonuses after Payment
The Obama Bank Fees are yet another strategy to redirect blame to institutions and away from the managers of those institutions who are responsible for the financial crisis.
President Obama said that those who oppose this fee are audacious to think that it is unfair.
“Obama Questions the ‘Audacity’ of Those Who Say the Bank Fee Is Unfair”
Well I for one think it is grossly unfair.
The Banks are not people and did not cause the crash. The management teams running them did bad things, took great risks and are fully accountable and responsible for the financial crash.
Not only did they destroy their own banks, they destroyed the shareholders - the rightful owners of the banks and destroyed many lives across the world who had nothing to do with them.
When you applied for a loan was it the bank that rejected it or was it the bank manager?
They need to be held accountable, NOT the institution itself…..
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