Thursday, February 24, 2011

Bank Fraud Settlement

In spite of the worldwide crisis going on, the banks still need the attention of the president.  In order to "settle" their fraud, so we can all move on, Obama is pushing a plan to fine the banks 20 billion, as a sort of general settlement.  Sounds like a good deal to me.  Take a trillion in bail-outs after wrongdoing, and settle for 20 billion.  So who gets the 20 billion?  The banks.  To pay down bad debts.


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