The banks got bailed out ! We got sold out !
We call for the nationalization of all banks that received bailout money in the recent bank failure. In this nationalization the ownership and profits of these banks would be transferred to an independent trust where they would be held and managed for the benefit of all account holders and Americans. The trust would be democratically appointed from a group of accountants, account holders and other interested parties. Stockholders and Bank stockholders would not be compensated. These banks made great profits at the expense of people's houses and businesses that they often illegally foreclosed on.
A nationalized bank should be like a credit union where account holders determine the operation of the bank. Exorbitant fees would end and the account holders could stop loans to exploitative organizations such as private (for-profit) prisons and rogue companies. Banks are directly responsible for the abuses of private prisons, Fracking and rogue companies because they finance them. It is time that this power be used for the benefit of all rather than the 1% who control the majority of wealth.
Iceland recently nationalized their banks. They have been in economic recovery since they got the Banksters off their necks – and into jail!
Banker + Gangster = Bankster
A word popularized in the 1930s by Ferdninand Pecora