Obama Questions the ‘Audacity’ of Those Who Say the Bank Fee Is Unfair

The president complains that there are no jobs created because the banks are not making loans, then put a tax on them so they will not make loans talk about audacity. Need to fire whatever czar you have advising you on this.

“We’re not going to let Wall Street take the money and run.
“after a crisis that has caused so much havoc, if there is one lesson that we can learn, it’s this: We cannot return to business as usual.”
Another load of feces from the comedian in chief LOL
What is the real difference between wall street and your pathetic administration as far as taking OUR money and running? With wall street there is some chance of a return with your policies OUR tax dollars are just vanishing into your redistribution scheme.
Business as usual? where’s your CHANGE and HOPE You need to be sent back to the minor league you do not have the the tools for the big show

Any new fees will ultimately be passed on to bank customers so in effect Obama is creating a tax on the American people.

I especially like the way Obama has punished Fannie/Freddie for their part in screwing up the economy.
He gave them a blank check.
Talk about audacity.

And we should believe anything Obama says because…..
I’m thinking he has looked at the polls and will say just about anything to bring up his numbers.
Guess he’s counting on the MSM to hide those transparency lies and sleazy deals with the unions.

The “audacity” to call himself a president and a leader, as he buries the middle class..The culture of corruption continues
Where did the stimulus money go that was sent to 114 non existent districts and 14 FAKE zip codes???

The audacity lies with him and that
crazy bunch of loons running this
country. The audacity lies in taxing
the hell out of one group of people
and padding the pockets of others.
The audacity is that they think their
vision is all that there is with no
regard to the other view. He says
that Rep. have no ideas but just say
no. What do you call the Dems who
refuse to let Rep. into their den of
secrecy and let the voices of the other
half of the country who did not vote
for that empty suit ?

“The “audacity” to call himself a president and a leader, as he buries the middle class..”
The middle class was already buried before Obama got elected. I thought the claim was he is trying to redistribute wealth from the often an unfairly maligned upper class. Right-wingers can’t keep their own baloney straight.

Banks won’t lend, businesses won’t hire, people won’t spend.
It’s simple.
There is no real trust in this administration.

Obama creating villains again to try and hide that he is the biggest villain.
He’s the one making shady deals with our money just to ensure that his legacy survives.
The unfairness of the deal he made with unions is unbelievable.
Corrupt, underhanded,disgusting.
Compared to Obama, the banks look like saints.

Skip, then you have to be outraged
that Obama has compounded the problem.
I won’t defend the actions of the last
eight years, but no way can you be
happy that this guy we voted in is
George Bush on steroids.

The “fee” is just one more aspect of the Left’s overall effort towards wealth redistribution and the ultimate agenda of destroying Capitalism and Individual Freedom.
President Obama admitted, “that because these firms have already returned what they borrowed directly,” doesn’t mean “their obligation is fulfilled.” So paying back the bailout loans including the agreed upon interest isn’t enough. Now JUST BECAUSE THEY HAVE THE MONEY they should pay even more. Yes that IS UNFAIR! So yes the Republicans are against it! In fact ALL Americans should be against it because it is UNAMERICAN!

President Obama admitted, “that because these firms have already returned what they borrowed directly,” doesn’t mean “their obligation is fulfilled.” So paying back the bailout loans including the agreed upon interest isn’t enough. Now JUST BECAUSE THEY HAVE THE MONEY they should pay even more. Yes that IS UNFAIR! So yes the Republicans are against it! In fact ALL Americans should be against it because it is UNAMERICAN!
Posted by: James Danley | Jan 16, 2010 11:47:30 AM*****************
If he gets this approved, what next? It could only be a short jump to those evil people who have made money in their 401K’s that also need to help GM, Fannie, and AIG stay afloat.

the plans of unions will be taxed just at a ater date like 2018

check out the unemployed lines at the EDD, people stressing out over getting their benefits extended as so not to lose their house, which my college educated kid with a new baby is going through now, been shopping at a mall of late, notice all the empty store fronts with for lease signs…check out the empty parking lots and streets…Your President
Posted by: Parallex View
what you mention as being Obama’s fault shows that you lack the knowledge of economic realities caused by the crash.
if your assumption is that any other president would have somehow put the majority of the country back to work after such a collapse, you are foolish…. will all of Obama’s pronouncements and policies work? of course not, but to assume that what happened would be fixed in a short period time is nonsense.

How about the audacity of raising taxes on Americans during a recession?
Liberal lawmakers all over the country are still pushing the raising of taxes. Passing government health plan will result in our taxes raised to pay for it.
Obama himself, while he was campaigning of course, said that raising taxes during a recession was a bad idea. Now he’s advocating removing charitable contributions as a tax write off so that he can take more of our money – to distribute it of course.
BTW: jack – where were you the last 9 years?

I love how the Republicans can always get the little guy to do their bidding like feeling sorry for the banks. These banks had devised so called “programs” like sub-prime mortgages to get people to buy houses that in some cases they could not afford. Remember, your mortgage banker gets commission on the closings so it is in his or her best interest for themselves to get you a loan for a home. In my opinion, banks and mortgage companies will always qualify you for a larger mortgage than you can really afford because their thinking is that you will forego vacations, going out to dinner,etc. in order to make your mortgage payment. I believe they knew exactly what they were doing when they instituted these scams.. oh, I mean programs. I think the banks knew they were risky from the start, but continued to push these programs because it brought in alot of revenue for their companies. So let’s all feel sorry for these banks. Have you checked your bank’s fee schedule lately…every fee from copies of documents to overdraft fees have gone up so they can make more money off their customers. Check the rates paid on Certificates of Deposit they have gone down so as the banks take in more in fees they will pay out less in interest.Just another way to makemore money. Funny the banks don’t feel sorry for us. Looks like the bank customers will be paying for the banks making bad decisions.
So now the Repubs want us to feel sorry for the big banks. Well boohoo, I don’t. They dug their own graves with their GREED. If you did something at your workplace that caused the business to lose money and possibly go out of business do you think you would get a big fat bonus. No, you would be fired immediately.

And let’s not forget about the Auto Industry and the Unions that got bailed out too! They should be taxed also instead of getting ‘special exemptions’!!!
DOUBLE STANDARD PARTY (aka Democrats)

If he wanted to stop the banks from looting the taxpayers he would fire Geithner and Summers, etc. But he says one thing and does another. We need leaders who put Americans first.

I will tell those who are worried about how we pay for everything with two wars going on, stop paying medicaid (stop spending your money on tats, cell phones, gold teeth…, spend it on insurance), food stamps (don’t work, don’t eat), SCHIP (see medicaid above), education department (government wing of teachers union because we know the kids don’t vote)…. I could go for hours. Spend the collected taxes on what the constitution allows the government to spend it on, like wars, border inforcement… Get the idea? No, another example of why we should get rid of the department of education.

I just got news from MoveOn that VISA is charging a 3 % handling fee for a donations that you make for Haitian relief. I just made a donation through my VISA credit card, and I am infuriated. The CEO’s of Wall Street banks will get additional bonuses because of the earthquake in Haiti.
Bear in mind that Scott Brown, like every member of the GOP, gets campaign contributions from the banking industry. In addition to killing health care reform, Brown will kill all attempts to reform the banking industry, so VISA will get to keep all they money they are making right now because of this earthquake. The banking industry will reward Scott Brown by giving him generous campaign contributions.
So Scott Brown will win the election, but the people of Haiti and all the Americans who are making donations through their VISA credit card will lose

Credit card companies charging companies and organizations a 3% handling fee for accepting credit card charges has been going on for decades.
The fact that Scott Brown gets campaign contributions from the banking industry is no different than Martha Coakley getting contributions from unions.

“Actually it was the federal government and organizations like ACORN who used extortion (the government threatening hefty fines; and ACORN threatening and actually filing lawsuits) that FORCED the banks and lending companies to lower their lending standards and give out high risk loans.”
To quote one of your favorite icons James: “there you go again…” No, the government or anybody else for that matter didn’t force the banks to lower their lending standards to give out high risk loans to all your Republican friends so they could flip houses and move into mcmansions they couldn’t really afford. Lending institutions were happy to do so on their own by dumping the risk off on the derivatives market and elsewhere.

Posted by: Temujin | Jan 16, 2010 3:57:21 PM
Right. Banks should be allowed to reap as much profit, pay themselves as gigantic bonuses as they want – basically just do whatever they want because if we attempt to tax them, or put on fees, or influence them in any way they’ll just charge us for it.
So just let them take whatever they want, they’ll get it anyway. That’s the American spirit!

Posted by: tierra | Jan 16, 2010 4:06:58 PM
The American spirit thrives in the Free Market. Charge what you want and make as much profit as you want. THAT IS THE AMERICAN DREAM. Only keep in mind that if you charge too much customers will go elsewhere and you may go out of business.

THAT IS THE AMERICAN DREAM. Only keep in mind that if you charge too much customers will go elsewhere and you may go out of business.
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No it is the American Dream having become the American Nightmare when people are too afraid to speak out or attempt to corral the megalithic monopolies of large corporations because they might charge them higher fees.

Right. Banks should be allowed to reap as much profit, pay themselves as gigantic bonuses as they want – basically just do whatever they want
Posted by: tierra | Jan 16, 2010 4:06:58 PM**************
That is what PRIVATE businesses do. As long as they are within the law, it is noone else’s business. The President is trying to place “FEES” after the deal was done. The banks borrowed money, and they paid it back with interest. The deal is done. YOU can’t take someone else’s money just because they have more than you and you don’t think it is right, and the President shouldn’t be able to either.

That is what PRIVATE businesses do. As long as they are within the law, it is noone else’s business.
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The President can also do whatever is within the law including imposing fees on banks.
I am not going to weep over banks who are paying individuals millions of dollars in bonuses – you go ahead and weep for those people receiving the millions of dollar.
Most of the American public is not weeping for those dealing out or receiving the millions dollar bonuses. Most of the American public is just trying to feed their families and make the mortgage payment – and if they’re lucky – keeping their health insurance.

A $60 billion gift to the unions.
That’s audacity.
I pray the MA race starts the beginning of the end of Obama, Pelosi, Reid.
I’d be willing to bet that many in his own party do not even like Obama as a person. The man cares more about his legacy than anything else.

Complaining because the bank PAST ON A FEE for charging a donation……But I am betting you are a supporter of Obama’s passing on additional fees to banks, who provide financial services for the community as well as business loans, …who….wait for it…will only in turn pass the extra cost of Obama’s fees on to you the consumer and business…The banks are a for profit business who must declare a profit for their shareholders OR they will no longer remain in business because they no longer declare a profit..Would you invest your hard earned money in a company who looses money??? Of course not, because if you did you would not have the means to donate to worthy causes such as Haiti….AND…Banks need to profit so that they will be there for the consumer for things like school loans, home loans, business loans. They do more good than some would have you believe..Get use to it, the extra fees of banking, and stop complaining…besides isn’t this what Obama’s supporters wanted…sticking to big business…LOL…And now big business will be sticking it to the people…..Auh the humanity of it all….

No tierra, I mean those banks that PAID BACK THE GOVERNMENT LOANS WITH INTEREST…You on the other hand must be confusing the banking industry with the automobile industry, oops let us NOT forget about AIG as well, like GM and Chrysler and BIG Labor Union who have paid back ZIP…..but yet get a 40% tax pass on health care “Cadillac” plans, that companies also provide these plans as part of salary compensation to their non-union employees, the rest of us are surely going to have to make up for….

40% tax pass on health care “Cadillac” plans
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That tax applies ONLY to the amount over the limits, not on the entire plan. In other words only on the part of the plan premiums received by the insurance company that are above $,8900 for individuals and $24,000 for families – and the tax is assessed on the insurance companies, not on the payer.

We need to put a stop to this tax & spend madness by the Democrats.
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Stop your nonsense. The TARP funds were conceived and put in place under the direction of the Republican Bush administration. Pinpointing blame on the Democrats is bogus.

Correction: I should have just said, “It’s Congress that appropriates the money.” Obviously the Executive and Judicial Branches spend money too!

Tax on banks because of bonuses, etc? How stupid does the government think we are? Any tax levied on banks will be passed through to bank users so that banks maintain their profit margin. So the government again uses a thin excuse to justify sucking money out of American’s pockets. Besides, it was corporate greed AND the failure of government regulation that led to this mess to start with. I’ve got a great idea: why don’t we all move our accounts to credit unions and vote the current politicians out of office in upcoming elections? There’s an idea that makes sense.