The Wall Street Bankers, who are masters at creating fees for everything imaginable, are crying foul now that the White House is threatening to charge these banks a fee to recoup $120 billion of tax payers' money. These are the people who helped create a worldwide Great Recession and were saved by the US tax payers. Since then they have made tons of money on this low interest money and are now paying themselves billions of dollars in bonuses.
In spite of the fact that the general public decries their arrogance, they just don't get it. After surviving their recent debacle, they are now convinced, with some justification, that their lobbyists can control the politicians and thus our government.
Perhaps the White House, with its fee proposal, has their attention. "'I am a little tired of the constant vilification of these people,' JPMorgan Chase CEO Jamie Dimon said Monday at a health care conference. 'This is not a casino.' Me thinks Mr Dimon is a little too testy. Other Wall Streeters complained they were "blindsided" by this talk of a fee. What? Did they expect the Whitehouse to clear it with them before going public? A sad state of affairs. One has to wonder how Teddy Roosevelt would have dealt with this arrogance.
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