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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The financial wizards of Wall Street and the “to big to fail” bankers are about to reward themselves with money created mainly from taxpayers bailouts. It is unbelievable that this is simply accepted. I hear on Fox and other channels the rationalisation that those corporations that have paid the government back the tax payer money should be allowed to pay bonuses again.

This is not right and is highly immoral.

It is a known fact that wealth creation and destruction moves in waves. When the great financial crisis began the focus was on the “too big to fail” institutions and they were rescued by Paulson and Bernanke using tax payers money.

As wealth destruction moved through to the”real” economy unemployment was the result. Private business suffered enormously because of what the financial industry did. So did their ex- employees.

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