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NC's Rep. Brad Miller on fire --- finally

Submitted by usernamehere on Fri, 11/19/2010 - 1:59pm

Brad Miller's letter to Obama's boy idiot Tim Geithner gets front page attention at Firedoglake.

If only the rest of Congress was willing to call these absurd bankers on their bullsh!t.

Congressman Miller:

I do not place a high priority on protecting the solvency of the banks if they are insolvent.

Damn right.

Big banks: You are insolvent and do not deserve to be spared the consquences of your greed by the taxpayers anymore.

Ireland is breaking up their banks. WTF are we waiting on?

And why didn't we do this 2 years ago?

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Comments

Not hyperbole: The banks are insolvent

Submitted by usernamehere on Mon, 11/22/2010 - 6:44pm.

Even FT agrees..

The top 35 US banks will be short of between $100 billion and $150 billion in equity capital after the new Basel III global bank regulations are imposed, with 90 percent of the shortfall concentrated in the biggest six banks, according to Barclays Capital.

The banksters are now floating their desire for $100 billion to $150 billion MORE from us lowly serfs.

And the government still hasn't extended unemployment insurance?

Before Congress adjourned for its Thanksgiving break, House Republicans blocked a bill that would have reauthorized the programs for three months, insisting that its $12 billion cost be offset with spending cuts elsewhere in the budget.

$12 billion for the unemployed who will spend the money right away OR $100-150 billion for bankers who will sit on the money and not lend to small businesses?

Which do YOU think is better for the economy?

Which do YOU think will happen first?

 

I think we're screwed.

Submitted by Stan on Mon, 11/22/2010 - 8:12pm.

Spit in one hand and wish in the other...see which one fills up first. The Obama administration has NOT stepped up to the promises made during the campaign and Geithner's continued role at Treasury is an affront to common folks. Obama needs to either put up or shut up. If he shuts up he's toast...for damn sure.

Stan Bozarth