Fetterman floats work requirements for bailed-out bank executives

[Uncle Joe]

(snip)

Fetterman pointed out that Republicans want to increase work requirements for the Supplemental Nutrition Assistance Program (SNAP), which is used by millions of needy families for food access, a provision that was part of the debt ceiling bill the House GOP passed last month.

Fetterman asked the former bank executives, who included former CEO of Silicon Valley Bank Gregory Becker as well as Scott Shay and Eric Howell, former chair and president of Signature Bank, respectively, whether the same type of work requirements should be in place for executives of banks that are given federal assistance as they collapse.

“A hungry family has to have these kinds of working requirements,” Fetterman said during a Senate Banking Committee hearing Tuesday. “Shouldn’t you have a working requirement, after we bail out your bank?”

The former bank executives did not answer Fetterman’s question. Sen. Sherrod Brown (D-Ohio), the chairman of the committee, quipped to Fetterman that he “didn’t see an eagerness on the panel to answer your questions.”

(snip)

https://thehill.com/homenews/senate/4007070-fetterman-floats-work-requirements-for-bailed-out-bank-executives/

Obviously the banks weren't working or they wouldn't have collapsed.

[Doc Sportello]

1. You gotta love Fetterman

Taking the BS of repugs about the poor and throwing it back in the faces of them and the bank execs who take the money and run. Simply brilliant.

[Uncle Joe]

2. I thought so

[2naSalit]

13. People underestimate...

His intellect and humor. I love it.

[Doc Sportello]

14. Yes they do

They see this big lumbering guy with a bald head wearing hoodies and shorts and the truth is he's smarter than any one of them. And a whole lot more compassionate.

[captain queeg]

3. Excellent! It'll never fly of course and I doubt the rethugs will see the irony

But maybe a few of them still have enough of a soul left to be embarrassed.

[Lovie777]

4. K&R......

[MichMan]

5. Not understanding what he means.

They already failed as bank executives once. I want them fired and not running them any longer.

[Probatim]

6. This goes back to the old Moral Hazard crap from the 2008 bailouts.

We couldn't bail out consumers who got f*cked because that was a moral hazard - but we could bail out the banks who imperiled the US economy with their shitty lending practices.

At some point, these companies have to pay a price for their malfeasance.

[Easterncedar]

8. At least freakin TAX their profits fairly!!

[AllyCat]

7. Performance standards. If they are bailed out,

They should have to meet certain benchmarks and be under government supervision.

[rurallib]

9. Fetterman is back with a bang!

His question makes a lot of sense.

[lame54]

10. Make them work it off on minimum wage

[Orrex]

11. Years ago, when I applied for public assistance...

I was amazed at how complicated and demanding the process was, all to get $450 monthly for a family of four. The paperwork was confusing, requiring an inordinate amount of documentation with cross-referencing and repeated entry of the same data in multiple fields, and any irregularity or inconsistency could delay or derail the process, or potentially make me guilt of fraud.

And I’m a college graduate with years of experience in a business environment. What if I were a young single mother of three with a GED? How many people are underserved or denied simply because the application is deliberately arcane? And be ready to repeat the process annually, and god help you if your info doesn’t match from one year to the next.

But if I were a billionaire asking for millions, congress would trip over itself in its eagerness to pay me, no strings attached.

[flying_wahini]

12. Yes, take stole a page out of Insurance companies playbook.

Keep them confused long enough to die and extinguish the case altogether.

[Rhiannon12866]

15. He's off and running!

[riversedge]

16. Thanks Senator