Barack Obama's plan to tax banks to get “our money back” seems to be little more than a political response to the public outrage over his bailout of undeserving banks, hedge funds, automakers, and homebuilders.
For the record, Obama voted for TARP as a Senator. As President, he has implemented other giveaway programs to banks, including near 0% interest rates, taxpayer guarantees of bank deposits and money market funds, the Term Asset Securities Loan Facility, and worst of all, the so-called Public Private Partnership Investment Program. Obama has defended all these actions as necessary to preventing a collapse of the financial system. Now he wants to tax and vilify the same institutions he has been propping up?
Despite mortgage interest rates falling to near all-time lows, America's homeowners are in a state of unease not seen since the Great Depression. In 2009, 
One of the more entrenched principles in business is "pay for performance," the rewarding of executives with raises, bonuses and other forms of compensation if they meet or exceed expectations. Fannie Mae and Freddie Mac, now wards of the federal government, are negations of that principle. The troubled secondary mortgage lending giants, already having received more than $110 billion in federal subsidies since the fall of 2008, are set for another major feed at the public trough. On December 24, the U.S. Treasury Department, facing a December 31 deadline, 
Of all the factors behind the collapse of America's financial institutions during the second half of 2008, few have been as trumpeted - or misunderstood - as the Community Reinvestment Act (CRA). This Carter-era legislation, intended to boost residential mortgage lending in lower-income urban neighborhoods, increasingly has served as a blank check for community groups to shake down depository institutions into lowering their credit standards to reach marginally qualified borrowers. In extracting such concessions, these groups have contributed to the ongoing explosion in loan defaults and foreclosures. Undaunted, House Democrats, led by 
NLPC issued a press release on December 29, 2004 that began:
