TARP = Obama’s Nationalization Of The Banks

The Obama administration refused the return of TARP funds this week from several banks.  With the recently passed Pay for Performance Act, any bank holding TARP funds falls under the full effective control of the government.

So of course, the Administration has been forcing banks to take (and keep) TARP money so it can extend control over the banks without issuing a “Nationalization” order (found illegal by the Supreme Court during the Truman Administration.)  So, he is nationalizing the financial system and now the manufacturing sector with his take-over of GM

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