Bill to make govt seizure of US firms easier

Bill to make govt seizure of US firms easier

business.inquirer.net

WASHINGTON DC, United States—A bill to be introduced in Congress by a key ally of President Barack Obama would make it easier for the US government to seize control of troubled financial institutions that are considered too big to be allowed to fail

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The bill has yet to come. Actually in some other countries, there is always a provision for the government to seize or take control of financial insitutions. Probably no conspiracy there.

This move in the US, I think there is a good part and bad part.

The statement below is quite surprising:

"The legislation would make it easier for the government to throw out the financial company's management, wipe out the shareholders, and change the terms of existing loans held by the institution"

Wipe out the shareholders? Wipe out as in just like that? They will just take everything?

My question is, do you think that plan to introduce this bill has hidden and dark motive?

business.inquirer.net
(visit the link for the full news article)

It is my understanding that Castro took over businesses in that manner.

Welcome to communism.

Ladies and Gentlemen be warned: If this bill passes, the theft perpetrated by the Federal Reserve of taxpayer funded bailouts will NEVER end. It will continue until we sink into a financial black hole that we cannot and will not get out of. It is bad enough as it is, but we should NOT allow this type of chicanery to be the status quo. This is exactly what I mean when I say "Following Keynes to Hell".

reply to post by Jessicamsa


Nah, Castro wasn't so quiet and subversive about it. He just seized what he wanted. This is no different, it's just the fascist way of doing this...They like their paperwork.

reply to post by projectvxn


I believe Marx himself said that Fascism was the Death Throes of Capitalism.
Of course this is only in the American Psyche right now because we have Marxists in the White House.

I thought that was what the stimuls bill was . Ha ha
They just keep throwing a different bill at us every week. Maybe the real problem is all the Lawyers .