If You Blame Obama or Bush, then They Have Already Won.

I was researching a post for the Obama wants control of banks, refuses to let bank pay back TARP thread and stumbled across some interesting information that I would like to share with the rest of the class.

First a quick background. The "Obama Wants Control of Banks" thread is based on an article from the Wall Street Journal which is basically an opinion piece. The author, Stuart Varney, basis his opinion on a "true story first reported by my Fox News colleague Andrew Napolitano."

link

So I wanted to find the original story to get more information and I found this article:

FNC's Napolitano Claims Bush Administration Committed 'Extortion' Against Banks

This is another opinion piece written by Jeff Poor that was released on April 1st, 2009, just a few days before the WSJ article. Now here is where it starts to get interesting. Poor uses the same story by Andrew Napolitano as the basis for his opinion but blames the Bush Administration for the "extortion." In fact in Poor's article he only references Obama one time stating that Obama was disappointed that "Former Merrill Lynch CEO John Thain left Bank of America after spending more than $1.2 million decorating his office."

Poor has an embedded video in his article of the original report by Napolitano as well as the transcript. I didn’t have time to embed the video but I urge you to use the above link to Poor’s story and watch it for yourself. If any of the resident experts here can embed the video on this thread I would greatly appreciate it. Poor also has the transcripts from the video on the same page, here is an interesting excerpt:

[the Bank Owner] begged his board of directors to let him tell the Feds to go take a hike. The board caved. He was forced – the board was forced to issue a class of stock just for the federal government. The federal government owns 2 percent of this huge bank. As a result of that minority ownership, they now want to control salaries. They want to see his books and they want to tell him who he can do business with.

Keep in mind this was a successful, profitable bank, with no sub-prime loans, and no bad debt. The Banks reward? It is forced to sell minority ownership to the Government and to be controlled by the same Fed that got us into this mess to begin with.

And there you have it, this is what it is really about. All the bailouts, all the finger-pointing and misdirection are nothing more than smoke and mirrors to distract the public while the government slowly erodes your freedoms and weasels it’s way into controlling businesses, banks and the means of production (not that we produce anything in the USA anymore anyway) through intimidation and fear mongering.

If you think that Bush was smart enough to figure this all out and you blame him, or you point your finger at the new guy and blame everything on Obama then they have already won. The media will always polarize the issue into a left-right dichotomy and the Sheeple will hop on board the Crazy Train as they pick their sides.

This is the perfect example, one excellent news-worthy story by Andrew Napolitano that places the blame squarely in the lap of a corrupt Fed, (White House and Congress included), that has morphed into two OpEd pieces that point the finger at “the other guy,” while the men behind the curtain laugh at you as they fall asleep on their gold framed mattresses filled with your retirement money.


[edit on 6-4-2009 by DrZERO]

Yeah and the problem maybe that telling them about the Fed makes them then think you are a secret republican or anti-capitalist democrat, so they both are being used and played off against each other to deflect attention towards those that are calling for a End of the federal Reserve company.

ok,,,,but ,,,, as ius stated here 10 times a day----the bankers control the gov't


so how does that jive????


or is it,, the few top bankjers,,,aka fed and such,,,, are strongarming all banks through the gov't


we can't have it both ways,,,,,,,either the bankers rule,,,,, or gov't rules and heading the socialist route????



from what i'm seeing,,,,,tim geithner is surely the biggest player,,,, and mvp of this whole scandal,,,,, he has had his hand in the fire b4 in the ny fed and now as secretary,,

he is the biggest piece of scum and a huge player,,,, surely not on the side of us, the public

thank god for pbs,,,,, amazing info and docs,,, frontline,,, bill moyers

reply to post by shortywarn


There is a difference between a small privately owned bank and the Central Bankers who are "pulling the strings," so to speak.

I don't think anyone on ATS is saying that every bank in existence is in on the conspiracy. When someone here refers to bankers controlling the governments they are speaking of the large Central Banks that control the flow of money in this country and around the world as well as large international banking interests such as the IMF.

In this case we are talking about one privately owned bank. This bank in particular is owned by an American Citizen, not a conglomerate of wealthy families. This bank in particular did not take part in any of the nonsense which has started to unravel over the last year, but they are still FORCED to take the TARP money, and thereby have to relinquish control to the Federal Government. I don't think the guy who is having his business usurped by the Fed is "controlling the government," in fact it is the opposite in this case.

I do think you are right on in regards to Tim Geithner. Another slimey P.O.S. in a long line of Pieces Of S. This guy was president of the New York Branch of the Federal Reserve, (which is the Central Bank controlling the government) and in my opinion once you have that stink on you, you can never get it off.