Banks Rob Taxpayers, Give You Nickels

(Photo via Huffington Post)

Funny — your tax money goes to the banks, who earn a whopping $2.8 billion ($2,800,000,000 USD) while US job losses continue to rise. The problem is that the banks were supposed to lend more. Too bad they aren’t doing near to enough on that point — especially for small businesses.

In Crazy New Landscape For Banks, Taxpayers Are The Big Losers: “The whole point of the taxpayer-funded bailout and the cheap money for banks was to recapitalize them in hopes of stimulating lending, but the banks are holding back — which is seriously slowing the economic recovery.”

(Via Huffington Post.)

Technorati Tags: bailout, economic crisis, job losses, lending, recession, stimulus, taxpayer, USA

Tagged as: bailout, economic crisis, job losses, lending, recession, stimulus, taxpayer, USA