Tuesday, April 7, 2009

Is Obama refusing to accept repayment of TARP money in order to control banks?

This article in the Wall Street Journal alleges that the Obama administration is refusing to allow a large bank that was forced to accept TARP money to repay it so that the government can continue to control bank policies on executive pay, among other things.

If this is a true story, it should be on the front page of every major MSM news outlet - except, of course, they're all in the tank for Obama, so you may never hear anything about it unless you read the WSJ. The Obama administration seems to be seriously moving to control major American industries using the financial crisis as a justification for this huge expansion of power.

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