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Banks can gamble
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Dear Editor,
In 2008 the banks almost collapsed the American economy when they took our money and gambled it away at the Wall Street casino trading derivatives. As part of the recovery Congress passed laws to prevent the banks from doing the same thing again. Now Citibank slipped a law into the budget package that allows banks to do it again.
Banks can now gamble with our deposits, our savings, our pensions, and if they lose the taxpayer is stuck with the bill. And this time they just legalized the stealing. America, as a nation, is on the verge of committing suicide. And we have to do this so members of Congress can be home for Christmas. Where is the outrage?
I’m Marc Perkel - And I approved this message!
Marc Perkel
Gilroy, Calif.