Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 34 n° 316

We want our money back

Posted by fidest press agency su domenica, 17 gennaio 2010

President Obama announced our proposed Financial Crisis Responsibility Fee on the country’s largest banks:”My commitment is to recover every single dime the American people are owed. And my determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at some of the very firms who owe their continued existence to the American people…We want our money back, and we’re going to get it.”The fee would recover every penny loaned to Wall Street during the financial crisis and stop the reckless abuses and excesses that nearly caused the collapse of our financial system in the first place.But the banking industry — among the most powerful lobbies in Washington — is already launching attacks to stop Congress from enacting the proposal. Barack and I aren’t backing down. But to win, we’ll need the American people to add their voice right away.The proposal is expected to recoup billions from the big banks, most of it from the ten largest. As the President said, “If these companies are in good enough shape to afford massive bonuses, they are surely in good enough shape to afford paying back every penny to taxpayers.” There is much more work to do to reform the financial system and create a new era of accountability. But the Financial Crisis Responsibility Fee is a crucial step. And with the banks already working to tear it down, I hope that I can count on you to speak out to show that Americans stand with us as we take them on.

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