We Hate Bankers

You know what, hearing President Obama talking about how he wants to tax the bankers like JP Morgan, Goldman Sachs and the like for making lots of money and hence wanting to reward its employees by granting big bonuses is comical and paradoxical.

On one hand, these banks (those mentioned and some like Citi wants to repay) repaid the TARP money plus interest of around 20% and now we have the President here coming on TV wanting to *penalise*them for making money turning their books around, and hence hopefully the US economy, eventually by having more liquidity and thus alleviating the Federal Reserve to continue to finance all the bad assets is just plain not making any capitalistic sense!

You know what, I think the any Govt in the world should do? They should just open their arms to welcome these banks to set up shop in their country. And let them do what the do best under some form of regulation/ethics code and like some would say, let the good times roll.....

Why the hell not? They provide funding, they provide jobs, they pay well to the people they employ and they pay taxes base on the profits they make.

Make heck of a lot of sense to me.