Top Bank CEOs Express Contrition for Financial Crisis and Willingness to “Pay Their Fair Share”

PRESS RELEASE
Date: March 30, 2012
Contact: Mary Bottari mary@prwatch.org

 

Wall Street Titans Support Financial Speculation Tax

Top Bank CEOs Express Contrition for Financial Crisis and Willingness to “Pay Their Fair Share”

Washington, DC – On the eve of Tax Day, as millions of Americans are still struggling with hard times and worrying about how to pay the IRS, some of the most prominent players on Wall Street held a press conference announcing that they were stepping up to support a financial speculation tax to “pay their fair” share and help put America back to work.

These titans of Wall Street expressed remorse and shame for collapsing the global economy and putting 8 million Americans out of work and 9 million on the path to foreclosure. They embraced the idea of a small tax on trading both to discourage reckless trading and to bring in hundreds of billions of dollars of revenue that could be put to work rebuilding our economy, creating jobs, preserving Social Security and Medicare, and meeting other urgent needs.

“These flash crashes are just too damned scary,” said Goldman Sach CEO Lloyd Payfines. “Even the muppets are worried. This tax would put the brakes on high-speed, reckless trading and bring a greater degree of stability to the financial system.”

“Frankly we are ashamed,” said Brian Moneybags of Bank of America. “We misled millions of American homemakers into believing they were getting quality mortgages that would secure their future. Instead, the ARMs and subprime dreck we sold blew up in their faces and led to millions of foreclosures and untold misery and misfortune. I am happy to throw my weight behind a financial speculation tax.”

“The Pope called me and really just laid it on the line. It is time that Wall Street started to make amends for collapsing the global economy. A financial speculation tax is the right thing to do and now is the right time to do it,” agreed Jamie Diamonds of JP Morgan Chase.

Vikram Bandit of Citigroup noted that many nations in the European Union were moving ahead to apply a 0.1 percent tax to stock trades. “Many countries in Europe are moving ahead on a financial speculation tax and will use revenues for creating jobs and providing essential services like health care and education,” said Bandit. “America’s economy is also urgently in need of a boost; we can’t afford to be left behind!”

APRIL FOOLS! It’s no surprise that the heads of the largest Wall Street banks remain opposed to a financial speculation tax and to paying their fair share. But the time has come for Wall Street to help rebuild Main Street. This week the Congressional Progressive Caucus embraced the tax as part of “The People’s Budget.” Senator Tom Harkin included the tax in his “Rebuild the Dream Act.” People across the country are taking action, standing up to Wall Street, and calling on President Obama to support a financial speculation tax.

TAKE ACTION! TELL PRESIDENT OBAMA TO TAX WALL STREET

Click here to tell President Obama that the Wall Street Speculation Tax is the right thing to do! We will deliver the petition on Tax Day, April 15, 2012.

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4closureFraud.org

Comments
10 Responses to “Top Bank CEOs Express Contrition for Financial Crisis and Willingness to “Pay Their Fair Share””
  1. Fed up says:

    If there is a God and justice I want the Top Bank CEO’s to eat s–t die a slow horrible death and go to hell.

  2. Bloodsoaked says:

    Ya! Like We The People Will See The Money From The IRS? WHEN PIG’S FLY!
    I love how it said COULD BE PUT TO WORK! COULD IS THE KEY WORD. And OTHER URGENT NEED’S! WHO’S NEED’S? In OTHER WORDS. IT SHOULD BUT IT WON’T!

  3. cocodo says:

    I wish you would post info about MA illegal foreclosures and the unethical Judges in Housing Court that made judgments not based on the facts of law.

  4. Ha ha funny satire, wish it was true, the Banks remorse? are you kidding? ha ha

  5. Katyhleen Burt says:

    What a great satire. Thanks, we need the ;levity!

  6. David Robert says:

    LET’S SEE, their fair share? then write every American Family a check for $250K, for starters, we can adjust from there depending on how bad each American Family was fukked over.

  7. David Robert says:

    sure, give it to the IRS who does not spend one dime of the money they seize on services for the American people, lets give it to the Rothschild Cartel, they really need it the most. FUKK

  8. Pamela Edwards says:

    Pay thier fair share?Really? Seriously?I think not if this is the way they feel they should have done so far before now.What a bunch of noise.Ridiculos!!!

  9. John says:

    Had they rather have Obama tax them or a jury of your peers?

    Once the Investors start after them , what the homeowners wanted for their misdeeds will seem like peanuts.

  10. John says:

    Had they rather have Obama tax them or a jury of your peers?

    Once the Investors start after them , what the homeowners wanted for their misdeads will seem like peanuts.

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