07.21.2010 0

Big bank bailout party – Goldman not invited

CNBC reports that Goldman Sachs and JP Morgan CEOs are fuming that they were not invited to the Obama financial services takeover bill signing ceremony.

Citibank was there, Bank of America was there, as were other big banks – while Goldman and JP Morgan were on the outside looking in.

Amazing how all the big boys in the banking/financial services industry celebrated the supposed re-regulation bill. Maybe Olympia Snowe and Scott Brown should have read the fine print and they would’ve learned they just created a permanent big bank bailout fund – paid for by a pass-through tax to their customers. No wonder the bailout bankers are smiling.

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