Questions the 99% should demand answers for
by, November 14th, 2011 at 09:24 PM (1759 Views)
1. Given the almost 4 years since Wall Street's meltdown, how far have the banks gotten in the unraveling of the derivatives and the mortgages they were based on?
2. Given the current profitable conditions of the Wall Street Banks, how much attention is being given to cleaning up the derivatives mess and how much effort is being made to ease the burden on the original mortgage borrowers.
3. If I am correct, most or all of the tarp money has been repaid by the banks. If that is the case, what has the Government done with the money and what effect does it have on our national debt?
4. What is being done to reduce the size of these Wall Street Banks so that we are not put in a position of having banks that are too big to fail? If not reduced in size, what steps are being taken to require the banks to deal with their own demize?
5. Why, if some banks are making so much profit right now, is there such little movement in the jobs outlook? Certain voices for the rich like to continue telling us that they are the jobs creators, well, where are the jobs? I find it hard to beleive CEO's deserve the salaries they make when their salaries weigh down the companies forcing reductions in the work force under economic pressures. I work in an industry where I am seeing the effects of work force reductions through the increase in errors. As staff are reduced, the work load gets dropped onto already overworked individuals and problems increase. Problems that cost money to repair or cost money in lost sales. To me, the current business model for most corporations is not fuctional. They are top heavy in the fact that too much money is spent on too few people, which reduces the work force that actually accomplishes the goals set out by these few people.