If Bush’s Millionaires’ Tax Cuts are extended by this Congress or the next, it will be TARP II.
And we know how well the the first round worked out for Americans that actually work for a living.
Tag Archives: TARP
Quick Hit: TARP Funds and Overdraft “fees”
Where is the oversight and conditions for too-big-to-fail banks’ use of TARP funds? They get to use billions of taxpayer dollars while collecting $27 per overdraft, to the tune of $17.5 billion each year (more than the $15.8 billion in overdraft loans that generated them!)? That’s immoral on top of being absurd.
It’s also a good example of what the tea-baggers really gathered for on Wednesday: they were anti-Obama and anti-government, not anti-taxes. Banks loot their pockets more than the government does (at least they get something out of paying taxes – what do they get from paying overdraft fees?), yet what were they protesting?
