[Flynn’s comments: Go get ’em Obama! But alas, this `law` will only apply to U.S. territories. But what about the international banksters?]
Here is a few of my favorite snippets from the speech:
Remarks by The President on the Financial Crisis Responsibility Fee
My commitment is to the taxpayer. My commitment is to recover every single dime the American people are owed
We want our money back, and we’re going to get it.
[…] the American people are fully compensated for the extraordinary assistance they provided to Wall Street. 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.
[…] to prevent the abuse and excess that nearly caused the collapse of many of these firms and the financial system itself.
We cannot go back to business as usual.
[…] that by some twisted logic it is more appropriate for the American people to bear the costs of the bailout, rather than the industry that benefited from it, even though these executives are out there giving themselves huge bonuses.
[…] I suggest you might want to consider simply meeting your responsibilities. And I’d urge you to cover the costs of the rescue not by sticking it to your shareholders or your customers or fellow citizens with the bill, but by rolling back bonuses for top earners and executives.
Here is the YouTube.com video to listen while reading the speech via whitehouse.gov:
The President Proposes Financial Crisis Responsibility Fee by whitehouse
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