GOP backed Banks the real job killers. Family Restaurant forced to Close.

It occurred to me after reading the following story that Obama's Affordable Care Act isn't shutting down businesses, it’s the GOP’s biggest supporters…the banks. Yeah, the ones American’s bailed out.

The horror story started with an illness, and the owner falling behind on his bank payments. Instead of working something out, the bank foreclosed. It’s business, take a hike. Maybe depositor's should too.

The Mount Pleasant Patch: After nearly 60 years of serving Racine, Dino's Restaurant will close its doors at the close of business on Sunday.

Dino Dominici opened the restaurant at the corner of 16th Street and Phillips Avenue in 1955. Now 82, he said it feels terrible to see his life's work closing. "I've been here for 58 years, paying the bills and now the bank doesn't want to work with us," he said. "We're doing good business and we have good customers."

Dominici said the trouble began over two years ago when he had to have open heart surgery and couldn't keep up with the payments. When he was on the mend, the family tried to get the bank - Tri-City National Bank - to work with them, but the family couldn't meet the cash requirement.
Dave Ferderer, Dominici's grandson, told Patch Monday that the business is going through foreclosure despite an agreement that the bank would own the building and the restaurant would lease. Then, he said, he got a call from the family's lawyer saying the deal was a bust and foreclosure proceedings would commence.

"We started going through this two years ago, trying to get them to work with us, but they just wouldn't," he said. "For some reason, they'd rather see an empty building than give a local business another chance."

Dominici's daughter - and Dave's mom - Rosalie Ferderer said several times during an interview with Patch Monday that she can't believe the restaurant is closing after all these years. "I just can't talk about it," she said, wiping tears. "I worry about what will happen to our employees and the shut-ins who rely on us for food. It feels like my heart is being ripped out." Dominici shrugged and agreed. "This feels terrible," he said.

For Dave, the hardest part of closing is thinking about where his employees will go. "My chef has been here for 30 years, I see him every day," he continued. "And other employees, too. Chris Myhre, an assistant manager, has been with the restaurant for 16 years. her voice waivered and cracked occasionally during our conversation.

"We found out last week," she said, referring to when Ferderer broke the news. "And it hurts, to be honest. This is more than a job. I've worked here for 16 years, and this is my family."

Walker and Van Hollen now blame deceptive banking for Great Recession, not deceptive home buyers?

Now all of sudden, the story has changed!

First we were led to believe by our Republican authorities that the Great Recession came about by lazy poor home buyers who couldn’t afford their mortgages, and knew it. They scammed bankers and tanked the economy. Now the story has changed, once the bank settlement checks were passed out.

Governor Walker, Attorney General Van Hollen and Secretary of the Department of Financial Institutions Peter Bildsten, will announce ‐ ‐ that Wisconsin has formally joined a landmark $25 billion joint federal‐state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud, and unacceptable nationwide mortgage servicing practices.  The proposed agreement provides Wisconsin an estimated $140 million.

Our great heroes of the middle class don't mind feeding off the settlement money that were the result of the Obama administrations dogged pursuit of the banks. Hey, didn't Mitt Romney want the mortgage market foreclosures to "bottom out?" Didn't congressional Republicans want to blame poor home buyers and deregulate the banks? 

Posing for holy pictures, Scott Walker and J.B. Van Hollen posed for holy pictures;

“The settlement being announced today will help bring relief to Wisconsinites who were harmed byunfair mortgage practices and help prevent future deception from occurring,” said Governor Walker.  

But according WKOW 27, in an interview with JB Van Hollen, he reveals the state is getting its filthy hands on a large part of it for the general fund. One time money to help bail them out of the new deficit estimate of their current budget? Not a lot is known about how the money is supposed to be divided up, but the question has to be asked because...who can trust these crooks?

The Big Bank Temper Tantrum: A $5 Debit Charge per Month for Customers. That’ll fix ‘em.

Arrogance on top of giant CEO bonuses, bankers couldn’t wait to get back at retailers and consumers.

Charging Americans the fee is a jobs killer, especially during these tough economic times. Where's the outrage?

It’s time to dump the banks, NOW, for credit unions!

NYTimes: Bank of America, the nation’s biggest bank, said that it planned to start charging customers a $5 monthly fee when they used their debit cards for purchases. It was just one of several new charges expected to hit consumers as new regulations crimp banks’ profits. Wells Fargo and Chase are testing $3 monthly debit card fees. Regions Financial in Birmingham, Ala., plans to start charging a $4 fee next month, while SunTrust, another regional powerhouse, is charging a $5 fee.

The round of new charges stems from a rule, which takes effect on Saturday, that limits the fees that banks can levy on merchants every time a consumer uses a debit card to make a purchase. Until now, the fees have been 44 cents a transaction, on average. The Federal Reserve in June agreed to cut the fees to a maximum of about 24 cents. The new limit is expected to cost the banks about $6.6 billion in revenue a year, beginning in 2012 … That comes on top of another loss, of $5.6 billion, from new rules restricting overdraft fees, which went into effect in July 2010.

The losses represent consumer abuse and profiteering, not actual labor costs incurred by banks. Credit unions don't charge a fee. At least not yet.