Obama's Financial Regulatory Overhaul Would Create 'Zombie Banks' and a 'Permanent TARP'

Mind Over Market ^ | September 26, 2009 | Robert Stowe England

[WashingtonSource]

The Administration’s proposal on the resolution of systemically-important financial institutions, if adopted, would lead to the creation of ‘zombie banks’ that can neither die nor restructure sufficiently to be viable.

[WashingtonSource]

It looks like Goldman Sachs will be getting what they paid for when their big executives so generously contributed to the Obama campaign. They not only run Treasury (or rather Treasury is now a subsidiary of Goldman Sachs) but they are about to be in a position to tap government funds for every risky scheme they and other Wall Street cronies dream up. Once that occurs, we can officially call ourselves a Banana Republic. And now, we know why Wall Street loves Communists like Obama and the Democrats in Congres and hates real capitalism and real accountability. It's wonderful when you're gambling with someone else's money and when you win, you keep your proceeds and when you lose, somebody else pays.

[Need4Truth]

It’s more of the Obama anti-midus touch.

[uncommonsense]

Goldman’s arrangement: heads - we win and you lose; tails - you lose and we win.

[Americaneedsyoou]

http://www.youtube.com/watch?v=qW5Jv-TRXh0
Dick Morris! admits the conspiracy theorists were right!!! This guy would know. No matter what you call it, a conspiracy, like minded individuals accomplishing a goal, the force of history, it is happening; a world government

[WashingtonSource]

I wonder what Dick Morris would say today about the current G20 conference and Obama’s regulatory reform plan now that more details have been made public. The vast international crony-capitalist world government conspiracy is even more self-evident today.

[Americaneedsyoou]

more details ,the media will not get it

[WashingtonSource]

The report highlighted is this blog from the independent, nonpartisan Committee on Financial Regulatory Reform was first released in late May — four months ago! And this is the first I’ve read about it.

Considering that the financial crisis is the biggest news on the entire planet, it boggles the mind that the fringe media have done nothing to cover this committee’s report.

[Americaneedsyoou]

The Hidden Agenda of Tax Exempt Foundations for World Government
http://video.google.com/videosearch?q=503c&emb=0&aq=f#q=world+government&emb=0

[Americaneedsyoou]

china will have a vote in America banking now

[WashingtonSource]

China’s reckless lending to state-owned enterprises created its own zombie banking system. So did Japan with its never-ending bank bailout than has given it 2 lost decades. Europe’s banks are hugely under-capitalized. Maybe the idea is zombify Amerca’s financial system to create a level playing field of zombie banks all around the globe. The insiders always win and there’s no where else to go to get a loan.

[Americaneedsyoou]

Mind blowing speech by Robert Welch in 1958 predicting Insiders plans to destroy America
http://www.youtube.com/watch?v=AZU0c8DAIU4

[WashingtonSource]

Bump

[Need4Truth]

The government would deepen its tentacles into big banks with the “permanent tarp”. This government/big bank partnership could then force the smaller banks out of business eventually giving government total control over banking. It sounds like a similar MO to the public option in ObamaCare. (imo)