Plan B: Cut Benefits To Bankers

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• One Good Cut

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Bankers' Benefits

Shockingly, banks are the most heavily subsidised businesses in the world. We give them over £130 billion in subsidies and benefits every year. Without these subsidies and benefits, the banks wouldn’t be making any profits, and they certainly wouldn’t be paying bonuses right now.

Banks, on the face of it, don’t come across as the kind of businesses that need benefits. The truth is that the only reason the banks are the richest companies in the world is that we are paying for it.

Most organisations receiving support from the government are given it for things that benefit or provide services to us; libraries provide free books, nurses provide healthcare, and teachers provide education. The banks don’t give anything back at all, and the benefits we provide them actually harm us more than if we didn’t give them any at all.

http://www.onegoodcut.org/bankers-on-benefits/

Comments

[DailyBail]

Shockingly, banks are the most heavily subsidised businesses in the world. We give them over £130 billion in subsidies and benefits every year. Without these subsidies and benefits, the banks wouldn’t be making any profits, and they certainly wouldn’t be paying bonuses right now.

Banks, on the face of it, don’t come across as the kind of businesses that need benefits. The truth is that the only reason the banks are the richest companies in the world is that we are paying for it.

Most organisations receiving support from the government are given it for things that benefit or provide services to us; libraries provide free books, nurses provide healthcare, and teachers provide education. The banks don’t give anything back at all, and the benefits we provide them actually harm us more than if we didn’t give them any at all.

http://www.onegoodcut.org/bankers-on-benefits/

[DailyBail]

We’ve given the banks a real-life licence to print money. And they’ve used this to blow up the economy and pass the costs back onto ordinary people.

http://www.onegoodcut.org/bankers-on-benefits/licence-to-print-money/

[DailyBail]

http://www.onegoodcut.org/bankers-on-benefits/bailouts/

good charts here...

[S. Gompers]

Banks must have more... Deregulate now to feed the little piggies more of your pound of flesh.

They need MOOOOOOORE!!!!!!!!!!!!

Windigo psychosis at its finest...

[john]

U.S. close to punishing banks over foreclosures

http://www.reuters.com/article/2011/02/17/us-financial-regulation-foreclosures-idUSTRE71G0BT20110217

[snip]

In separate testimony on Wednesday, David Stevens, the commissioner of the Federal Housing Administration, said the penalties could range from fines paid to the government to loan modifications to banks forgiving some of the principal balance on the loan.

Comment: Penalties, fines and modifications but no jail time???


Fight over Dodd-Frank headlines Senate panel

http://www.reuters.com/article/2011/02/17/us-financial-regulation-congress-idUSTRE71G15020110217

[snip]

(Reuters) - Republicans will escalate their push to delay and defund the Dodd-Frank Wall Street reforms on Thursday as top regulators appear before the Senate Banking Committee with a new chairman presiding.

[john]

Stopforeclosurefraud is back up.

http://stopforeclosurefraud.com/

Special thanks to DB, Mike at wrh and others for giving this a little attention.

[DailyBail]

john...yes i got a response late last night saying things would be back up soon at SFF...i was going to run an update message from the site publisher, had they not gotten things up today...good to hear they're back in action...