Wednesday, October 21, 2009

Too Much Power Equals Fascism

Since when does the federal government have the power to hire and fire bank executives and force business decisions on them? Since Obama was elected.

Government regulators threatened to remove top Bank of America executives if they backed out of a buyout of failing brokerage giant Merrill Lynch, and offered to provide taxpayer funds to compensate for Merrill's poor performance, according to company records obtained by The Washington Times.

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