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, [...]
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 [...]
Maxine Waters Nails Those Capitalist Bastards, I mean Bank CEOs…
It is amazing to think that this is happening in the US Congress. How on earth can this country be at a point where CEOs are being grilled by government officials for LEGAL profit driven business practices? This is simply amazing on so many levels. This woman shows a complete lack of [...]
Citigroup buys $50 Million Jet OR Reason #1,245,354 for why bailouts make no sense…
This is why public funds should NOT be used to prop up the private sector. Even though Citi probably has great reasons to buy the jet, the fact that it received tax-payer funds makes this whole thing look like sheer fiscal irresponsibility on its part… Incidentally, buying and using the jet is good for the [...]
