Banks Balk At Repaying Bailout Loans

It seems as though there are more and more things in the course of a day that make my blood boil with rage.

This is one of those days.

What triggered the sudden burst of anger, was a story in the New York Times, that was headlined: Showdown Seen Between Banks and Regulators.

The lead in read:

WASHINGTON — As the Obama administration completes its examinations of the nation’s largest banks, industry executives are bracing for fights with the government over repayment of bailout money and forced sales of bad mortgages.

It went on to say:

"Some of the healthier banks want to pay back their bailout loans to avoid executive pay and other restrictions that come with the money. But the banks are balking at the hefty premium they agreed to pay when they took the money.

Jamie Dimon, the chief executive of JPMorgan Chase, and two other executives of large banks raised the issue with Mr. Obama and the Treasury secretary, Timothy F. Geithner, at a meeting two weeks ago.

“This is a source of considerable consternation,” said Camden R. Fine, who attended the White House meeting as president of the Independent Community Bankers, a trade group of 5,000 mostly smaller institutions, many of which are complaining about the repayment requirements."

What? Are they serious? Their chutzpah is outrageous! I am literally shaking with outrage.

These, usurious, pirate captains of the Banking Industry—who for decades have put, onerous, unconscionable, exorbitant rates of interest and conditions on the average credit card holder; these bankers who foreclose and throw people homeless into the streets without conscience; these bankers who have brought this Nation's financial system to a screeching halt, and that have thrown millions into the unemployment roles—are upset that they have to pay back loans made to them by the taxpayers of this Nation?

Commentary: I want to scream in their pasty, putrid faces that they are traitors by selling out this Nation. I want to spit on them and their smug sense of, privileged, gated, entitled existence, I want to tell them they are whores and they don't deserve the rewards and trust that this Nation has bestowed on them. I want to tell them to beg in the streets and wonder where their next meal will come from. I want to tell them to their face that they are beneath contempt!

But that's just me. How do you feel about it?

TO THE OBAMA ADMINISTRATION: Do not negotiate with these Capitalistic terrorist thugs. Nationalize their banks and fire them without one penny of compensation! Do it now!

To the rest of you to make yourself heard go to: http://anewwayforward.org/the_idea/