- They didn't care that they were creating a whole new generation of indebted people by "giving away" credit cards to 16 and 17 year old college freshmen without teaching them responsible spending.
- They didn't care what could happen when they were approving loans for people that could absolutely not afford to pay them back. They didn't care when they were declining to help a struggling family to keep their house instead of foreclosing on them at the first sign of trouble. They just don't care.
- They don't care that while you and I are laid off after doing a great job for a good company that was unable to meet payroll because the bank would not lend the money; the bank executives use that money to give themselves bonuses. Excellent!
Banking firms have been so out of touch with reality for so long that it has become ingrained into their operations. AIG's "contractual obligation" to give out bonuses is absolutely ludicrous. A bonus, by definition, is OPTIONAL based on meeting a criteria. What criteria exactly have these executives met??
The problem here is that, while all this was happening to the little guy, no-one seemed to give the proverbial rat's ass. I have one thing to tell the government:
"WELCOME TO OUR WORLD"
Maybe it is time that we let these banks fail, they had no problems letting US fail, did they? We have given them an excessive amount of money with the hope that they would use it to help us get out of this rut but they just sit on it or, even worse, send it abroad. What did we expect, for then to suddenly grow concerned with our plight?
The truth is, good people are losing their jobs, their homes and even their lives thanks to these greedy executives. My heart just about died when I heard of a couple that, having lost both their jobs, facing foreclosure and having NO HELP FROM THEIR LENDERS, took their own lives and the lives of their two children. Who is responsible for that??
These banks should be the ones bailing us out for all the heartache they have caused. Let them be the ones to pay. I guarantee you one thing, when it's all done and they are sitting pretty again, they will thank you by denying your loan application, charging you maximum interest for a loan while paying you minimal interest for your savings and charging you to even look at YOUR OWN money.
My non-political, non-partisan opinion is... fuck those executives! Take every penny back, now!
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