Democrats Seek Control Over American Financial Institutions

http://www.rushlimbaugh.com/home/daily/site_041510/content/01125112.guest.html ^ | April 15, 2010 | Rush Limbaugh

[sheikdetailfeather]

RUSH: That's right. There will not be any more bailouts, the government will just have the power to put companies out of business, seize their assets, break them up, fire employees. And he's upset because they're saying it's a bailout bill? This is so convoluted. This piece of legislation is as filled with fraud and deception as was the health care bill. The real purpose of this is nothing to do with making sure we don't have another economic collapse, it's nothing to do with ensuring that there aren't business cycles because nobody can do that. There's no way you can ever insure against a business cycle, pure and simple. What this bill is all about is expanding federal control over financial institutions. The Democrats are trying to take advantage of the fact that they think you hate financial institutions, that you hate Wall Street, and that you'll go along with Obama occasionally seizing control of some of these places and running them, just like the car companies.

[sheikdetailfeather]

They're banking on the fact that you hate banks and Wall Street firms and that they can ratchet up your hate to even higher levels so that you will support them because they think you'll look at them as the white knights, as the angels, "Yeah, we're not gonna pay these people any bonuses anymore, we're going to make sure they loan to people and don't make people pay it back. Yeah, we're going to make 'em treat people fair for once, even if we have to run it ourselves, yeah, yeah, that's what we're gonna do." That's how they're hoping to sell you, along with consumer protection aspects of the bill. Here is former Labor Secretary Robert B. Reichhhhhhhhhhhhhhhhh-h-h-h-h-h-cha, who was on CNN, Campbell Brown last night. She said, "The banks are paying this, but obviously they're gonna pass that on to its consumers, so ultimately we're all paying --" (laughing) -- how many people watch this show, 25,000 people one week watched this show. Here's the question. The banks are paying this $50 billion fund. By the way, that's true, this bill requires the banks to set up the slush fund where the government can come in and take 'em over. So Campbell Brown says, "The banks are paying this, but obviously they're going to pass that on to its customers, so ultimately we're all paying for the slush fund, right?"

[screaminsunshine]

Wonder which RINOS will break the filibuster?

[FlingWingFlyer]

Barry and his ‘RAT Obamanoids want total control of ALL wealth. That’s why Americans MUST win in November.

[Shermy]

Rush Limbaugh, a great gift to Democrats here.

[listenhillary]

Obama’s terrible powers
http://thehill.com/opinion/columnists/dick-morris/92019-obamas-terrible-powers

[sheikdetailfeather]

Regime to Banks: Forgive Principal

http://www.rushlimbaugh.com/home/daily/site_041510/content/01125108.guest.html

[Shermy]

Morris and Limbaugh, financial geniuses. Right...

Morris—

“If the financial regulation bill that passed the House last year becomes law, President Obama and his Treasury Secretary will acquire the right to take over any financial institution they wish to, provided that, in their sole opinion, it is both “too big to fail” and on the brink of insolvency.”

This is ignorant. The Feds have the “right” to take over insolvent banks now, the ones that get Federal insurance. These banks are licensed to create American money upon fractional reserves. If anybody should be regulated (horrors!), it is them first. And the “too big to fail” is a bogus trick. It was a bogus trick to protect the Wall Street banks from being “taken over,” like numerous failed banks are all the time. And there was no law that these were really “too big to fail” but these new bills make the lies newly real, legally, in a way. They are totally protected and these bills arguably lessen regulation of the big derivative playing banks. They own the Democrats who are pushing Potemkin Village regulations here.

The business cultism of thee writers blind themselves. Actually, I think Limbaugh had a lot to do with the “nationalization” scare of early 2009. Bernanke and Geithner picked that up, appeared before congress claiming taking over the failed Wall Street banks would be the eeevil “nationalization” —I think I remember McCain nodding in idiotic consent to that.

Then what do they do? So-called nationalize failed bank after failed bank.

Effectively what Limbaugh and Morris are doing is not protecting “banks,” but the big Wall Street banks. Special privileges for them to continue.

[Age of Reason]

Well it serves the Banksters right.

And if they don’t like it, they can move their companies to another country and destroy their new countries economy.

[Age of Reason]

So give the banks a choice: if they want the rest of America to bail them out, then they can be run by the government.

Or they can remain independent and bankrupt.

[DustyMoment]

Democrats Seek Control Over American Financial Institutions

Gee . . . . what a surprise.

[A.A. Cunningham]

Rush Limbaugh

[listenhillary]

Government Motors
Student Loans
Health care
Banks and Financial companies firmly under their thumb
Energy
Housing and mortgages

Haven’t totally gotten the small farmers yet. Animal ID act

Don’t pay any attention to those alarmist wackos that say we’re on the path to tyranny. Nothing to see here, move along. We’re from the government and our humblest desire is to serve you and give you security from egg to ashes. Don’t you trust us?

[shanover]

The government as it is now is a criminal enterprise.

[Shermy]

Government Motors

True, to a degree, though the government did not cause its bankruptcy.

Student Loans

Whatever. Banks can loan to students all they want. The action was on Government insured loans, government’s money.

Health care

See those health stock prices rise? Are they stupid?

Banks and Financial companies firmly under their thumb

Ha ha.

Energy

If you mean cap and trade, that’s Wall Street again.

Housing and mortgage

Fannie and Freddie? The government buys mortgages and MBSs, not issue them.

I’ll give you a half a point on Government motors. The rest is mostly fascism.