the rix mix

President Obama touted his plan Saturday to levy a fee on those big banks that received bailout money, using pointed language to demand that the financial institutions repay their debt to taxplayers.


"Now, like clockwork, the banks and politicians who curry their favor are already trying to stop this fee from going into effect," Obama said in his weekly radio and internet address. "The very same firms reaping billions of dollars in profits, and reportedly handing out more money in bonuses and compensation than ever before in history, are now pleading poverty. It’s a sight to see."

Politico

Feels good to smack down those greedy bankers. Yep, this is feel-good political theater: Prince Barack versus Wall Street Dream Demons. The sort of punitive "We really mean it" windfall tax that ought to be attached to comprehensive financial reform legislation. But it's not. Let's see something that makes the mega-banks scream & the smaller regional lending institutions smile.

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