La Cucaracha by Lalo Alcaraz for October 24, 2011
October 23, 2011
October 25, 2011
Transcript:
Cuco: Let me understand you, Mr. Bankster... You want to charge me an extra five dollars to use my own debit card, which you begged me to use, and even offered "points" incentives each time I bought stuff with it!! Mr. Bankster: Yes. We put the "U" in "usury."
3hourtour Premium Member about 13 years ago
…The perfect Tea Party spokesman…put him next to the donkey and elephant…
pschearer Premium Member about 13 years ago
With the Fed keeping interest rates near zero, the banks can’t make money by lending and are desperate for other ways to make a buck.
User fees on debit cards are not the smartest idea, but they are in the same category as the unjustifiable mortgages that government policy forced banks to make which were the start of the domino fall that started in 2008.
phuhknees about 13 years ago
Anonymous: Bank Transfer Day, November 5th Screw the banksters!
chilirey29 about 13 years ago
Popular Bank/Banco Popular or money under your mattress..ha!
Uncle Joe about 13 years ago
Pschearer is living in an alternate reality. He thinks the bad loans were only to minorities & were only pushed by Democrats. Talking about Janet Reno having much to do with the financial crisis is beyond the realm of stupid.
Most of the bad loans were made during the Bush administration. The GOP adopted a policy of encouraging home ownership, and used HUD & Fannie Mae to push that agenda. Even so, most of the bad loans that were made had nothing to do with Fannie, Freddie or HUD. The overwhelming bulk were private mortgages to people who made a bad assumption about the continuing real estate bubble.
The banks and other parties involved in making those loans knew the assumptions were bad, but they were making boatloads of money, so why would they care? They were able to do this because Congress, (mainly republicans in Congress), lifted restrictions on how the entire mortgage industry worked.
He talks about “allowing the housing market to clear”, which is doublespeak for let the average homeowner be ruined so investors can snap up properties at depressed prices. This is the sort of thing that is motivating OWS.
Her’s a good rebuttal of the whole right wing lie about this:
http://www.dailykos.com/story/2008/11/16/660423/-Down-the-Republican-Rabbit-Hole
hkyjckfjt about 13 years ago
Yea, well, use this (please insert vertically extended middle finger).