I know on good authority (LA Times, NY Times, Washington Post, the Tarp Policy Director) that the bank loans are not only repaid but making a huge profit for the Government (~$20 billion). Kudos to the fat bankers in NYC. That said, I do not think the banks are off the hook. As the article suggests, banks should be helping with costs related to their near-meltdown including picking up the tab for policing vacant and foreclosed properties, reducing principle on more underwater mortgages, and spending some of their cash on new jobs rather than keeping it in reserves.
But enough about bank policy, this email angered me! The fact that truthout.org espouses a "truthful and transparent" media in the very same email that includes an incendiary and incorrect accusation which is clearly designed to raise money (DONATE TODAY) is pathetic. Don't stoop to the level of Fox news and manufacture headlines for your bottom line. Let's be truthful here. Too much to ask from one liberal to another?
