I'd say you're probably right, so perhaps Obama could have just nationalized the existing banks that were in need of TARP funding, and that would have been a better result than "business as usual" which is what's happening now.
Today it was announced on CNN among others, that Citibank is paying 50 million in bonuses to it's executives out of the funding we, the taxpayers gave them. This is just another example of the tone-deaf, and frankly, fascist tactics of a disconnected Wall Street.
This should not be allowed. Citibank is one of the banks that should have been nationalized.
I know more people shedding their investments in, and deposits with Citibank due to issues like bogus withdrawls, overcharges to credit cards, unannounced loan shark rate hikes, etc.
This is just another example of why no one should put trust in our current banking system.
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