[Nachum]

The list, ping

[Extremely Extreme Extremist]

Does Obama even know what an Industrial Bank is?

[classified]

YEH! TAKE THAT ROBERT REDFORD AND THE REST OF YOU BLEEDING HEART LIBERALS with your ski chalets in Deer Valley, Charlie Gibson, Jeff Katzenberg, etc.

unfortunately the good, average people of Utah are going to suffer harder than the a$$holes above!

[Jet Jaguar]

BTTT

[Brad from Tennessee]

UTAH 2008
John McCain (R) 568,610 62%
Barack Obama (D) 317,063 35%
Chuck Baldwin (AKI) 11,421 1%
Ralph Nader (I) 8,050 1%
Bob Barr (Lib.) 6,670 1%
Cynthia McKinney 951 0%
Gloria La Riva 254 0%

[org.whodat]

The flexibility of an IB charter has made it an attractive vehicle for some large and well-known corporations. IBs offer a versatile depository charter for companies that are not permitted to, or that choose not to, become subject to the limitations of the Bank Holding Company Act or the Glass Steagall Act.

So in the short they are used to short cut the law and not play by the rules.!!! I have no problem with closing them down!!

[raybbr]

"Industrial banks are the safest and soundest financial institutions in the country," Louise Kelly...

Therein lies the problem. They are immune to the claws of the feds and Obama won't have it.

[Petronski]

Bloody fascists.

[Adams]

FOBAMA

[the anti-liberal]

All these folks have to do is promise to give loans to 'minorities' who have demonstrated beyond a doubt an inability to repay, and all will be well.

Especially if they give special consideration to muslims and blacks.

[GeronL]

Let me guess. These banks are too healthy and we need a crisis.

[givemELL]

He is eliminating Utah Morman financial funding for political opposition to him and his party in the coming national elections. Republicans will have a hard time in recession getting middle class support that is out of property, prosperity, credit and financing and cash flow. Mitt Romneys’ political/support base may be being attacked directly by this move. Administration wants to eliminate private enterprise financial institutions from competing with its’ growing federal empire. The entire middle class, now down $14 trillion with no end in sight, is losing the financial base for playing advocacy political roles in its very future. Political patronage is now at an unimaginable scale beyond all precedent. Obama has tried to promote Rep committee chairman to his administration simply to open their powerful Congressional posts to Dem acquisition.
THere is more to this industrial bank elimination than meets the eye....for example, what does their political contribution record for the last 30 years look like?

[1010RD]

"We did not contribute to the current financial collapse."

Obama: "Exactly why we need you gone."

[Brilliant]

He might as well. He’s eliminated industry, so they are kind of pointless at this juncture.

[arthurus]

Utah is regarded as a Republican state. Hussein is the personification of Chicago politics. QED. Look at what happened to Republicans with Chrysler dealerships.It is just SOP in Chicago. The whole country is being run that way now.

[1010RD]

The reason the depression became the Great Depression wasn't due to market forces, but do to uncertainty imposed by nearly daily changes in government policy and procedure.

No one could plan or invest. Nothing was safe.

Anyone note similarities in Obama’s planning to date?

[CharlesWayneCT]

"Industrial banks are the safest and soundest financial institutions in the country," Louise Kelly, chief executive of EnerBank, said in a statement issued by the Utah Association of Financial Services. "We did not contribute to the current financial collapse."

Which is why Obama needs them gone. He can't take over banks that don't fail.