Ordinary people, farmers and fishermen, taxpayers, doctors, nurses, teachers are being asked to shoulder through their taxes a burden that was created by irresponsible greedy bankers.
– Iceland President Olafur Grimsson, March 5, 2010
In October 2008, polls showed that the majority of the American people, 56 percent, were opposed to the $700 billion TARP bill that funded the bank bailouts at the cost of $2,334 to each and every 300 million of them. Despite some initial resistance shown by the Republicans in the House of Representatives, the bankers succeeded in overriding the will of the American people, thanks to their elected officials who purport to represent them. So much for democracy in America.