Posted By: John Blyth | Time: 2:10:01 PM | Back to Blygs
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Rewarding bank failures after the fact creates billions in windfall profits of after the fact accountability. And we all know about those accounting firms like Arthur Anderson and Company. And let us not forget the fraud as seen on prior Blyg's. The same is also wrong for small banks pocketing your monies after bankrupcy. And did I mention tax free. And that would be tax free 'your dollars" after the FDIC, more of "your dollars" pay to cover the banks accounts. Slick is not the word here.
What does wrong remind you of?
Do you see the Banking lobbyist now? Who paid the bank lobbyists?
Bottom line. Everyone got paid but Mr. and Mrs. Taxpayer.