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?
Ding, ding, ding, we have a winner.