The Federal government committed extortion and they’re not being held accountable. What’s next? Listen to this: I recently met with the Chair and CEO of one of the country’s top 10 bank holding companies. His bank is worth in excess of $250 billion, has no bad debt, no credit default swaps, no liquidity problems, and no subprime loans. He told me that he and others were forced by Treasury and FDIC threats to take TARP funds, even though he did not want or need them.
I’ll send you over to read the whole thing.
Unconstitutional and, frankly, criminal things have been coming out of Washington at an unbelievable rate lately and it is accelerating. Obama fires the head of General Motors, Congress passes ex-post-facto bills of attainder, the government extorts banks into taking money they doesn’t want, then changes the rules and demands to exercise authority over their newly extorted thralls.
We are watching our country, our rights and our freedoms draining away.