Government Takeover Overdrive: On Tour
Hey ladies and gents: the government would like to introduce its newest zombie bank!
Really, the last several bailouts and federal overthrows of private banking have gone so well its time to strike up the band again. Can’t you just feel the twisted, pestilent claw of the US gov’t ripping away any notion of banking freedom/accountability as each day passes?
LET. THESE. MOTHA. EFFIN’. BANKS. GO. BANKRUPT. Can’t be any clearer than that. For over a century, businesses have gone under. They go bankrupt and close down. Now, the government, under the guise of protecting us from their failures, is grabbing more and more federal control of our money system. Hell, they’re even standing in the way of letting the “fixed” banks become whole again, so lets throw the notion that they’re trying to help right out the window. You go to bankruptcy, make the best of it, sell the assets that have value, and move on. You DON’T remove all fallibility of employees that took on risks they shouldn’t have, and/or reward them for poor business practices by subsidizing them.
According to the Treasury and the White House, there hasn’t been one bank good enough to be “cured” yet, so why do they keep taking on new patients? If it were some cancer drug that was in trials, but not curing anyone in the process, the gov’t would surely stop it from harming new patients, but not so when the lurch of total control of the financial system is at hand. This is “change”, America.
We’re literally having our financial system torn away from us by the lawless TARP program at the hands of a man who didn’t pay his own taxes before entering the Cabinet. Not only that, but as I’ve written previously, he’s turning a hungry eye on venture capital firms and hedge funds, two entities that had nothing to do with the housing mess.
The idea of a father government that can care for all our needs can be appealing to those afraid to orchestrate their own affairs, but it is much less so when its not so much a “father” government as a “crazy drunken uncle” government.
