I over drafted my bank-account last week by 47 cents and was charged a $45 overdraft fee. Yet my bank and many others overdraft their accounts by trillions and are just handed the money by the government. Reports flooded the internet recently claiming that the banks used the money to get stone massages and pay those ten million dollar Christmas bonuses that were promised to their executives. Why isn’t something being done about this? (..Besides proposing to give out more money to failed businesses.) Maybe those rumors aren’t true, but I have no way to know without hacking into the companies’ financial statements. And I am too young to go prison. America was built on the idea that less government interference was better. If this applies to regulating companies, shouldn’t it apply to saving them? My economics professor said that we shouldn’t let companies get so big that if they fail we fail. But it wouldn’t be very American to deny a large company the chance to grub more money.
We need to choose one way or the other. If we don’t want big brother having a say in everything that we do than we can’t run crying to big brother when we get our lunch money stolen.
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