posted on Apr, 13 2011 @ 08:23 AM
Wow talk about reforming ‘too big to fail’ now they will never fail. If they are government sponsored entities that is a serious infringement upon
the practices of the free-market, basically these companies will be treated as government banks except will remain private. The whole “for
regulation” bit is just to appease the people and lull them back to sleep. They will be about as regulated as Fannie and Freddie were.
So let’s see, government backing private multinational industries to protect them against competition, give them special exemptions in the law, and
then shelter them permanently from failure. That is only going to further guarantee that freedom will be crushed at the hands of the government.
This has to be the most insidious and outright corrupt move I have ever seen them undertake. We were complaining when they got bailed out, this is way
beyond a bailout. This is the government guaranteeing private entities that they shall be sheltered using public funds from competition and
Never before has corporatism been as outright in our face as is now. This is plutarchic capitalism within a state sponsored corporatist economic
structure. Anyone who believes in freedom, liberty, the free-market, or even genuine socialism for God’s sake should be furious with this!
Giving certain large banks a guaranteed government protection is the government backing large multinational banks against all the others, we are never
supposed to have government taking sides against any other private business, NEVER. That is the antithesis of everything American. It is Woodrow
Wilson and Franklin Roosevelt on steroids!