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Re: Obama wants to control Banks


1.By design, the government should NEVER own or control a private company. They are treading on very thin ice with all of this TARP crap. Government owning businesses is they very meaning of socialism/communism.

2. GM, Chrysler and all of the rest should have been allowed to go into bankruptcy. The government overstepped it boundaries preventing it.

3.The bonuses at AIG were known by the Obama administration BEFORE they hit the news.

4.Who was overseeing the people in congress who were overseeing the banks ( PS the congress under Reagan was not controlled by the Republicans. Republicans had the senate for 6 of the years, but never had the house). So democrats had to vote to allow deregulation also. Again, never trust any politicians words. EVER.

5. Turbo Tax Tim Geithner was a Bush appointee on the Fed Reserve. Obama promoted him to run the whole thing even after a 6 digit tax problem. When asked what part of the constitution gave him the power to take over companies, he responded oh no the constitution doesn't congress does. Great job, great job.

6. Look in to the federal reserve, I am no fan of them either. And congress mandate all banks had to be members of the fed also. They have been controlling banks for a long long time.

This is CABL.com posting #249751. Tiny Link: cabl.co/mbc8p
Posted in reply to: Re: Obama wants to control Banks by Gwester843
There is 1 reply to this message
Re: Obama wants to control Banks drifterdawg 4/8/2009 11:52:29 PM