Obama Wants to Control the Banks

Obama Wants to Control the Banks

online.wsj.com

Fast forward to today, and that same bank is begging to give the money back. The chairman offers to write a check, now, with interest. He's been sitting on the cash for months and has felt the dead hand of government threatening to run his business and dictate pay scales. He sees the writing on the wall and he wants out. But the Obama team says no, since unlike the smaller banks that gave their TARP money back, this bank is far more prominent. The bank has also been threatened with "adverse" consequences if its chairman persists. That's politics talking, not economics.

(visit the link for the full news article)

OK, tell me this doesn't stink! Banks are wanting to pay back their loans but Obama won't let them. Does anyone else smell something fishy with this?????? What reason would he not want the money back to help balance some of this spending orgy? Obviously Obama has other plans to stay invested in the banks to ultimately control them as he sees fit.

Welcome to more change!

online.wsj.com
(visit the link for the full news article)

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