Free Republic

There is a whiff of Fascism emanating from the Obama White House. Reports say that the head of GM is quitting under duress from the Obama administration:

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.