“Ye offspring of vipers, who warned you to flee from the wrath to come?” Luke 3:7

Video: Withdrawal Tax: How to Stick It to the Big Banks That Got Bailed Out

Sat, 2nd January, 2010 - Posted by Joshuah

The Huffington Post has come up with a nice little protest movement. Let’s pull our money out the the bailed-out banks and put it in local banks that lend to locals. Who are the locals? People just like us.

This makes sense economically. If you ever want a loan, get it from your own banker. If it’s a local bank, you will be treated well.

The FDIC insures all accounts up to $250,000. Your money is as safe in a local bank as a bailed-out mega-bank.

The folks at Huffington are on the Left. But we can all agree when we see insider bailouts like the ones in September and October 2008.

They have produced a video. This video is biased, mean-spirited, and simplistic I love it! The more of these low-budget YouTube videos on the Big Bank bailout, the better.

Source/Full Story: garynorth.com

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Category : Economics