Tuesday, April 7, 2009

POWER to the people?

Bankers: Take your TARP money back

NEW YORK (CNN) -- There's a growing sense among some bankers that Troubled Asset Relief Program known as "TARP" has become toxic. As a result, they want to bail out of the bank bailout program.

"It should be called 'TRAP,' not TARP," said Brian Garrett, chief executive of Bank of the Bay in San Francisco, who is trying to return bailout funding. "Giving it back is harder than getting it."

That's the real problem. Banks are being told they can't pay the money back. Even banks that didn't want it to begin with. If you recall, Shifty Paulson gathered the top wall street bankers into a room and made them an offer they COULDN"T refuse. In fact, they were not allowed to leave the room until they signed up for bailout money.

Now they are not allowed to return that money.
Instead, our government is warning them that this administration is all that stands between them and the pitchforks. And the government is telling these same banks what they should pay their employees, from top to bottom.

There can be only one reason. Control.

You MUST take this money. Now that YOU accepted this money, you must follow OUR rules.

This is fascism.

The Government wants to control everything, don't they? Even the color of your car!

I may be wrong, but isn't the purpose of our government supposed to be to protect our liberty? How is any of what our government doing today protecting our liberty and freedom?

I know. I am sounding like one of those conspiracy nut jobs now. I'm not.


Ryan said...

It is pretty scary what this administration is doing. Before we know it the goverment will be running everything. We can also thank all these companies for crying wolf. When the clearly had the money to survive. They just want extra money to buy that second house in the hamptons and go on there lavish vacations.

Anonymous said...

I agree, it's pretty scary what this administration is doing to our economic freedom and health, but it isn't just this administration. The Bush administration are the ones that "abandoned free market principles in order to save the free market". This current administration is like the Bush administration on steroids.