Image Related To: Where'd the bailout money go? Shhhh, it's a secret

By guptamca

Wenatchee : WA : USA | over 3 years ago

WASHINGTON - It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's...

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Tags: Bailout

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Bailout Accountability

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Posted By

taxpayer789 | over 3 years ago

We gave the banks $700 billion of our taxpayer dollars. Now they decline to tell us where it went. We deserve transparency and accountability. We've been HAD!
But we can get the banks' attention. Suppose 500,000 taxpayers sent a certified letter to their credit card holders stating:
"If, by March 1, 2009, you have not disclosed what you did with your bailout money, I will cease to make payments on my credit card. As soon as you disclose what you did with my tax money (your bailout share), I will resume making payments on my credit card. Also, if you put late-pay and increased interest charges on my account while I am waiting for your bailout disclosure, I will fight you in small claims court."
Why not use financial civil disobedience? Why let the big banks rob us and decline to tell us what they did with our money?