Man, They Are Robbing Us Blind!

So, you've heard recently, from the Obama Administration, that TARP is being paid back.  Yeah, and I've got a bridge in New York that I'd like to sell you.

Senator Chuck Grassley recently requested clarification on the TARP payback from Tim Geithner, because he's heard, as have others, that many of the bailed out banks are paying back their TARP debts with the Small Business Loan fund.  Really...who'd a thunk it?

So get this: the rapacious, fuck-stained banks who fucked you on your mortgage, bugger you with 20-30% credit card fees, committed fraud, and crippled the WORLD's economy...got bailed out by you, the taxpayer.  Since they were too big to fail, we propped them up with our tax dollars.  Oh, and then sat back and watched them use our money to buy each other up - getting even too BIGGER to fail.

Then, they pay themselves more money through the "back door bailouts," like when AIG paid Goldman millions of our dollars, on a bet that Goldman knew would go bad.  We paid 100 cents on the dollar for a bad bet.  Goldman, Countrywide, pretty much all the major banks had what they knew were toxic assets, mainly mortgage-based derivatives, yet they misled (defrauded) investors up to the moment that the house of cards came crashing down.  They crashed the American real estate market, which was the source of most of the average American's wealth and credit.  And we bailed them out.  Are you pissed yet?

But wait!  Then, the CEOs and executives paid themselves RECORD BONUSES last year, because their fraud was so successful.  In this same time period, they have been caught foreclosing on homes they have no right to.  But they don't care, and they don't stop, because they are not held accountable.  Meanwhile, they are allowed to back trucks up right to the treasury.  They are being given money, trillions of dollars, at next to 0% from the Fed.  It is essentially free money.  The banks are making out phenomenally well on this financial disaster.

And now, when we expect them to at least pay back the TARP part of the bailout they recieved (which pales in comparison to the free Fed money they are getting) they fuck us yet again.  They are using the Small Business Fund to pay us back.

The Small Business Fund was put in place so that banks could, without risking their own executive bonuses (because, god forbid we should do banking in a capitalist economy), loan money to businesses for equipment and hiring.  The intent was to spur hiring and lower the unemployment rate, which is still at near 9%.  But instead, these douche-nozzles that run the banks are taking that money and paying back their TARP "loans."  Watch an informative video by The Young Turks here.

They are paying back the American tax payer with the American tax payer's money.  We have put two pools of money at the banks' disposal, and they are raiding one to repay the other.  Man, fuck these guys.  We have been so wronged by their criminal conduct that they should be perp-walked by the hundreds.  Instead, they tell the President, who has facilitated their egregious thefts, that he is too hard on business.

Here is what should happen:

1. Full and complete audit, by the Fed, of any bank who has taken TARP funds.  Arrests to follow when the fraud is uncovered.
2. Full and complete audit of the Fed, with arrests to follow.
3. Immediate cap on bonuses of any executives working for bailed out banks. These bitches work for us now, let's treat them like it.
4. Close the Fed open-door for banks, and open it for American consumers.  Create a "fed-it" card for any American who is having trouble paying a double-digit interest rate on a credit card.  Let Americans pay 3% above the next-to-nothing that the banks were getting, with the interest payments slated for paying down the national debt.  C'mon, this is genius.
5. Bail out home owners.  Since the Federal Government is basically stuck with backing 9 out of 10 mortgages, we have already socialized home ownership.  Since the banks have no risk here, fuck 'em.  The Fed should offer to refinance tipsy mortgages, including the readjusting of principal payments. Let Americans keep their homes instead of walking away. This preserves property values in those neighborhoods that would otherwise have vacant homes.
6. Fire the fuck out of Timothy Geithner.  Then send his ass to Gitmo.

But all of these sensible steps would take an executive that cares more about the American people than what Wall Street and Faux News think of him.  And we don't have that President right now. Obama is missing in action, and frankly culpable in this fraud and financial skull-buggery that is happening right now.

We are being robbed, and our President is not the cop who will stop this. We have let criminals game the system, and they are now looting the shelves of the vault.  They will leave us with nothing, and then leave us for their Hong Kong, Dubai or Bombay offices. Without strong, Democratic push-back...we're fucked.

We're fucked.