Thursday, July 28, 2011

The Bankers Speak

The heads of Wall Street's top banks on Thursday urged President Barack Obama and Congress to reach a deal on the debt ceiling, warning of "very grave" dangers if agreement is not reached.

"We strongly urge you to reach an agreement this week," the chief executives of Bank of America, Citigroup, Goldman Sachs,JPMorgan Chase, Morgan Stanley, Wells Fargo and other top financial firms wrote in a joint letter.

  Raw Story

Hey, I have an idea. Maybe the bankers, who we bailed out, could loan us the money to pay our debts, eh?

"The consequences of inaction -- for our economy, the already struggling job market, the financial circumstances of American businesses and families, and for America's global economic leadership -- would be very grave."

Jesus, the size of those balls. They weren’t too concerned about all that when they were playing funny with the mortgages and hedge funds and nearly smashed us to bits just a few short years ago.

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