Lose $2B - get a raise!

[glassgowkiss]

TARP was issued under Bush, same with majority of the 13 trillion of the ZIRP money. Can't change legal agreements retroactively. Obama is guilty of not introducing heavy handed regulation of banks, but TARP and ZIRP was initiated and implemented under Bush.

[Jim]

There is an elegant solution to this crap, bring back the Glass-Stegal Act.

 

The Volker Rule, which is under consideration not, is trying to something similar but it is now vastly too complicated and riddled with loopholes thanks to the bank lobby. Just friggin' go back to seperation of investment and commercial banks. You want to gamble, have it in investment banks and if you fail you close. Commercial banks are backed by FDIC for a reason. Not investment banks.

[glassgowkiss]

I agree 100%. However wall street fucks along backed by republifucks would not be able to raid pension funds and retirerment accounts so easy. Between 1999-2008 we witnessed the biggest robbery in the history of mankind and not really a single person did any time for that.