01-15-2010, 05:02 PM
Here's what I don't get. Some banks have paid back with interest the TARP money they received. Some banks were forced to take the TARP money even though they didn't want it. Some banks didn't take any TARP money at all. ALL are expected to pay the fee regardless. The only exceptions (so far) are small independent banks, Fannie/Freddie and other "special" interest financial institutions.
The thrust of this seems to be punitive because some banks made money this year and anticipate paying bonuses. Obama doesn't like bank executives getting bonuses. Obama doesn't seem to approve of a financial institution making a profit. So now the fees will be passed on to consumers (which it appears Obama doesn't understand that's how free enterprise works either).
The thrust of this seems to be punitive because some banks made money this year and anticipate paying bonuses. Obama doesn't like bank executives getting bonuses. Obama doesn't seem to approve of a financial institution making a profit. So now the fees will be passed on to consumers (which it appears Obama doesn't understand that's how free enterprise works either).