Dept. Of Treasury Documents Reveal Banks Were Forced To Take TARP Money…
A quick summary of events thus far: Banks were forced to take TARP Money Banks which took TARP money subjected themselves to far reaching govt control As a result, the nine major banks were effectively nationalized. Some argued that banks have only themselves to blame for taking TARP money as they knew the consequences. However, [...]
Guess What? Barack Obama Refuses To Accept Repayment of TARP Funds From Banks…
Numerous financial institutions which received TARP funds are trying to repay the funds, interest added. Barack Obama is however refusing to accept the funds… WSJ Under the Bush team a prominent and profitable bank, under threat of a damaging public audit, was forced to accept less than $1 billion of TARP money. The government insisted [...]
Obama Continues Assault On The Free Market… Wants to regulate financial industry even further…
I guess the drive to Nationalize the US economy continues. Obama does not seem to care that the very essence of the free enterprise system, aka free market economy, aka capitalism is that folks can decide what their labor is worth, and go find someone who will pay them for it. As if stirring up popular [...]
The Top 10 Barack Obama and Joe Biden Gaffes…
Awesome stuff from the Telegraph… Perhaps Barack Obama was just trying to make Joe Biden feel better by dropping his clanger on Jay Leno. Whatever the President was thinking, 60 days into their new administration it’s time for a post-election Obama-Biden Top 10, in reverse order: 10. Just after he’s been sworn in by him, the newly-minted [...]
TARP Recipients when it comes to emulating Barack Obama, “Do as he says, don’t do as he does…”- John Kerry
I think it is a very sad testament to the state of affairs in this country when John Kerry, has the audacity to make the following assertion: Bloomberg ” Last week, when American taxpayers learned that a bank receiving Troubled Asset Relief Program funds had thrown a lavish bash and spared no expense to celebrate [...]
