TARP money Part 2

http://online.wsj.com/article/SB123879833094588163.html

In follow up to last week's blog entry, more information has come to light regarding Pres. Obama's refusal to accept repayment of TARP loans. In the above article by Stuart Varney, he posits that "If the banks are forced to keep TARP cash -- which was often forced on them in the first place -- the Obama team can work its will on the financial system to unprecedented degree." He further states, "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."

We've already seen this will effected on GM's former CEO Rick Wagoner, AIG's former CEO Martin Sullivan, and because of the precedent set, there's no reason to doubt otherwise we'll see this occur again. Not only that, but we've heard from members of Congress and the President himself that financiers should not make more than $500,000. Don't believe me, the language is contained in "Pay for Performance Act" passed by the House of Representatives. What we're witnessing is the destruction of our financial institutions. Competition is what makes America great. We do NOT believe in "From each according to his ability, to each according to his needs!" How else could one classify the actions of the Obama Administration and his rubber stamp Congress. Number five of the Communist Manifesto states: "Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly." Our National Bank is called the Federal Reserve. By nationalizing our privately held banks, by gaining vested interest in them through purchasing preferred stock options, the centralization of credit in the hands of the Federal Government is under a current ongoing process. Take into account the Obama Administration's actions, and threat of consequences to those banks which want out, it's obvious Obama doesn't want the Government to lose its vested interest. It makes it difficult to conclude otherwise that this Administration wants to control credit lending institutions, in other words to "centralize credit in the hands of the state [government]."

Wake up America. Our God given Liberties are being usurped by a megalomaniac.