Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bernanke, Geithner Call for Broader Government Power
wsj ^

Posted on 03/24/2009 2:39:40 PM PDT by keep your powder dry

WASHINGTON -- The U.S. government needs to be able to take over and wind down a broad range of economically important non-bank financial institutions, top economic officials told Congress Tuesday, though who will get that authority was left as an open question.

Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner told House lawmakers the government's experience with American International Group Inc. highlights the need to deal with increasingly complex and systemically important institutions.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Government
KEYWORDS: bernanke; communism; geither; governmentcontrol; smellslikecoup

1 posted on 03/24/2009 2:39:42 PM PDT by keep your powder dry
[ Post Reply | Private Reply | View Replies]

To: keep your powder dry

Yeah, that’s just what we need. More communism.


2 posted on 03/24/2009 2:41:37 PM PDT by pissant (THE Conservative party: www.falconparty.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: keep your powder dry
Oh yeah the evil bankers today, tomorrow, your kids lemonade stand.

This is getting beyond out of hand.

Damn vultures

3 posted on 03/24/2009 2:44:02 PM PDT by Kakaze (Exterminate Islamofacism and apologize for nothing.....except not doing it sooner!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: keep your powder dry

More here:

http://www.freerepublic.com/focus/f-news/2213563/posts
U.S. Seeks Expanded Power to Seize Firms


4 posted on 03/24/2009 2:46:13 PM PDT by TenthAmendmentChampion (Be prepared for tough times. FReepmail me to learn about our survival thread!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: keep your powder dry

http://www.freerepublic.com/focus/f-bloggers/2213692/posts
Geithner, Starring as “Atlas Shrugged” Villain Wesley Mouch?

Now pay attention to Wesley Mouch, economic czar of Atlas Shrugs’ America, and listen to him complain as Rand’s “elite” discuss taking complete control of the nation’s production:

‘It’s obvious that measures have to be taken. Drastic measures,’ said James Taggart, speaking, not to Mr Thompson, but to Wesley Mouch. ‘We can’t let things go the way they’re going much longer.’ His voice was belligerent and shaky.

‘Don’t look at me,’ snapped Wesley Mouch. ‘I can’t help it. I can’t help if people refuse to co-operate. I’m tied. I need wider powers.’

‘Go ahead, Wesley,’ [Thompson] said. ‘Go ahead with Number 10-289. You won’t have any trouble at all.’

‘If you want me to go ahead, you’ll have to declare a state of total emergency.’

‘I’ll declare it any time you are ready.’

‘The chief difficulty is that I am not sure whether the law actually grants us the power to put into effect certain provisions of Directive Number 10-289. I fear they might be open to challenge.’

‘Oh, hell, we’ve passed so many emergency laws that if you hunt through them, you’re sure to dig up something that will cover it.’


5 posted on 03/24/2009 2:50:18 PM PDT by TenthAmendmentChampion (Be prepared for tough times. FReepmail me to learn about our survival thread!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: keep your powder dry

why don’t they just pot os all on govt breathing machines

welcome my fellow borg


6 posted on 03/24/2009 2:53:49 PM PDT by usshadley (crying racism--the new "last refuge of the scoundrel")
[ Post Reply | Private Reply | To 1 | View Replies]

To: keep your powder dry

Exactly what we don’t need....more government power!... WE MUST STOP THESE MANIACS!!!!


7 posted on 03/24/2009 2:54:36 PM PDT by AngelesCrestHighway
[ Post Reply | Private Reply | To 1 | View Replies]

To: keep your powder dry
AMERICA'S NEW NATIONAL ANTHEM
8 posted on 03/24/2009 2:55:29 PM PDT by mainestategop (MAINE: The way communism should be)
[ Post Reply | Private Reply | To 1 | View Replies]

To: keep your powder dry

Bush locks terrorist in Gitmo and to the National media and the left in America he is Un American and destroying the Constitution..
Obama’s boys are setting up total government control of American financial company’s something TOTALLY un American and Un Constituional and not a word form the National media or the left.


9 posted on 03/24/2009 3:00:35 PM PDT by SECURE AMERICA (Coming to You From the Front Lines of Occupied America)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SECURE AMERICA

hey, the national media is way to busy covering REAL stories: http://www.msnbc.msn.com/id/29865271/


10 posted on 03/24/2009 3:02:15 PM PDT by keep your powder dry (defend the second amendment as it is the only thing that defends us....)
[ Post Reply | Private Reply | To 9 | View Replies]

To: AngelesCrestHighway

Unlike the War on terror that does not really effect your daily life (though it has kept you safe for nearly a decade, thanks to the brave souls of our military personnel);
What the 44th president is attempting will...

...and it will not be for the better.

The Federal Government exists to:
Defend the Constitution, nothing more.

The Obama Administration will now....

Change what America is:
http://online.wsj.com/article/SB123564748462081261.html
http://www.americanthinker.com/2009/03/obama_and_the_triumph_of_the_f.html

Choose your education and Career:
http://online.wsj.com/article/SB123668036405881929.html
http://www.stormfront.org/forum/showthread.php?t=564429&page=3
http://www.americanthinker.com/2009/03/us_public_schools_teaching_chi_1.html

Choose your healthcare:
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mccaughey&sid=aLzfDxfbwhzs
http://www.christianpost.com/Opinion/Columns/2009/02/is-the-government-planning-to-make-your-health-care-decisions-25/

Mandate involuntary servitude, and punish the willingly charitable:
http://headinthegame.newsvine.com/_news/2008/07/20/1680082-obama-to-force-americas-youth-to-volunteer
http://www.washingtontimes.com/news/2009/feb/27/charity-tax-challenged-by-political-friends/

Pass unconstitutional laws:
http://www.hg.org/article.asp?id=6020
http://www.foxnews.com/politics/first100days/2009/02/09/gop-sounds-alarm-obama-decision-census-white-house/
http://conservativexpress.blogspot.com/2009/02/criminal-truth-behind-acorns-mob-rule.html

Lie about Facts, campaign promises:
http://www.redstate.com/california_yankee/2009/03/04/geithner-lies-on-facts-as-well-as-on-tax-forms/
http://michellemalkin.com/2009/02/23/9000-earmarks-in-the-410-billion-omnibus-spending-bill-gang-tattoo-removal-maine-lobster-la-raza-more/
http://www.republicanoperative.com/forums/left-vs-right/17925-obamas-new-spending-bill-has-9-000-earmarks.html
http://www.huffingtonpost.com/2009/02/09/itimeis-halperin-obama-no_n_165307.html

Expand the government:
http://online.wsj.com/article/SB123569611695588763.html
http://www.huffingtonpost.com/the-progress-report/obamas-stimulus-package_b_155279.html
http://www.wsws.org/articles/2009/feb2009/obam-f25.shtml

Put the nation into an unrecoverable debt:
http://online.wsj.com/article/SB123621161271234665.html
http://www.redstate.com/california_yankee/2009/02/26/obamas-budget-4-trillion-in-spending-a-175-trillion-deficit-and-another-750-billion-bank-bailout/

Give orders to the GOP:
http://www.redstate.com/jeff_emanuel/2009/03/10/why-does-this-obama-voter-keep-telling-the-gop-how-to-do-things/
http://blogs.wsj.com/washwire/2009/01/23/obama-to-gop-i-won/

Own your bank:
http://www.marginalrevolution.com/marginalrevolution/2009/03/an-attack-of-collective-sanity.html
http://www.exposeobama.com/2009/01/19/obama-team-weighs-government-bank/
http://dprogram.net/2009/01/26/obama-wants-to-nationalize-banks/
http://blog.rollinsfinancial.com/2009/02/bank-nationalization-isnt-answer.html

Talk with terrorists:
http://www.cbsnews.com/stories/2009/03/08/eveningnews/main4852716.shtml
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=89597
http://jta.org/news/article/2009/03/06/1003506/britain-to-talk-to-hezbollah

Charter laws against the morality of our nation:
http://www.christianitytoday.com/ct/2008/novemberweb-only/146-45.0.html
http://www.huffingtonpost.com/2009/03/09/obama-stem-cell-research_n_173075.html

Be in power indefinitely:
http://www.opencongress.org/bill/111-hj5/show
http://www.whiskeyandgunpowder.com/marxism-marches-on/

Create yet another body of constituents, reliant on welfare:
http://online.wsj.com/article/SB123569802712289113.html
http://www.technologyreview.com/business/22247/?a=f

Fail to provide Real leadership:
http://www.msnbc.msn.com/id/3036789/#29595206
http://www.msnbc.msn.com/id/3036789/#29595241

And fund it all with YOUR money:
http://www.americanthinker.com/2008/10/senator_obamas_four_tax_increa.html
http://www.cato-at-liberty.org/2008/03/12/obamas-reckless-tax-increase-to-save-social-security/
http://newsbusters.org/blogs/tom-blumer/2008/06/20/obamas-payroll-tax-increase-goes-after-income-not-wealth-media-clueless
http://news.yahoo.com/s/bloomberg/20090226/pl_bloomberg/a4tqh0vpi1k

And to make matters worse, they refuse take a stance to defend the Constitution:
Free Speech:
http://doctorbulldog.wordpress.com/2008/10/13/obamas-truth-squads-censor-free-speech-on-blogtalkradio/
http://donstorch.com/2009/01/24/obamas-power-play-verges-on-threat-censorship-and-free-speech/
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=82113
Gun Laws:
http://blogs.abcnews.com/politicalradar/2008/02/obama-common-se.html
http://www.washingtonpost.com/wp-dyn/content/article/2008/04/06/AR2008040601652.html
http://www.nbcchicago.com/news/local/Daley-Calls-for-Gun-Laws-Blasts-Feds-for-Lack-of-Focus.html

I am sure that this is not an all-inclusive list, but regardless, when this all comes to pass, You will no longer be free...


11 posted on 03/24/2009 3:03:45 PM PDT by keep your powder dry (defend the second amendment as it is the only thing that defends us....)
[ Post Reply | Private Reply | To 7 | View Replies]

To: keep your powder dry; All
Yea sure right?!?!

The meaning of this idea is:

More companies managers are being told that they can get their operations as economically dysfunctional and politically connected as Freddie and Fannie and walk away when the taxpayers rescue the financial carcass they leave behind.

That's what the political guarantee of “federal rescue” of financial institutions that may "pose systemic risk" means.

12 posted on 03/24/2009 3:37:40 PM PDT by Wuli
[ Post Reply | Private Reply | To 1 | View Replies]

To: keep your powder dry

first they came for the banks.

then they came for the investment firms.

then they came for the insurance companies.

then they came for.....


13 posted on 03/24/2009 3:50:29 PM PDT by GeronL (....and I won't let it happen again!)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson