Obama, Banks and Hostile takeovers
In what could be viewed as a strategic move designed to orchestrate a complete banking takeover, the Bank Stress Test Results were released, showing that an overwhelming majority of our nation’s banks “need” more capital to survive. Nevermind that most of these banks are saying they don’t need the money… that doesn’t seem to matter! Is Obama hell bent on Socialism in America, but without the guts to just straight out admit it? Maybe… it seems he continues his “hope and change” ideas while a majority of America still basks in the afterglow of the promise of a new direction.
However, most Americans could not tell you SPECIFICALLY what that new direction is.. they just wanted something new. Not that I blame them for the feeling or desire for something new… I agree. But did we want this direction? Scared yet? Concerned?
So let’s review… Banks that don’t need money are Forced to take money (BOA is just one example), the Government gets a stake in the banks, tells the banks you “can not pay us back yet” and then creates a new test that most of them fail. Given that most Americans are tired of the “bailout” scenario, the new idea is to convert the TARP money to stock (government owned stock!). So the banks, which don’t want more money from TARP, now get a large portion of their stocks taken over by the government.
“But the government will get out as soon as they can!” Sure about that? Please tell me the last thing the government took over that it decided to give up? Should we go so quietly?
This is a conspiracy theory, right? Maybe… but the one area in which Obama is being blatant is student loans. He wants to cut out any lenders that are in business to provide them and make them direct loans to the government… As some see it, Obama wants college kids indebted directly to Uncle Sam! That could mean major control over someone’s life!
Agree or disagree? Tell me how you see all this….