drieuxster (drieuxster) wrote,
drieuxster
drieuxster

yes, it is SOOO what we have all been waiting for...

The government has announced that it plans to use $250 billion to buy ownership stakes in various U.S. financial institutions. According to the New York Times, nine major U.S. banks have already been forced into the program. “The chief executives of the nine largest banks in the United States . . . were each handed a one-page document that said they agreed to sell shares to the government, then Treasury Secretary Henry M. Paulson Jr. said they must sign it before they left. . . . ‘It was a take it or take it offer,’ said one person who was briefed on the meeting, speaking on condition of anonymity because the discussions were private. ‘Everyone knew there was only one answer’”--even though at least one institution, the relatively healthy Wells Fargo, wanted to say no.

According to Yaron Brook, executive director of the Ayn Rand Center for Individual Rights, “In herding banking executives into a room and making them an offer they couldn’t refuse, the Paulson regime took its latest and most disturbing step yet on the path to state control of the economy.

[ cf The Road to Fascism (emphasis added) ]
Hum...

Interesting that suddenly the old style Corporate Statism, is just not what it use to be...

I must confess to enjoying the idea of the Randian Center For Individual Rights. Thank GOD it is not like they think there are any of them naggin 'Human Rights'....
Tags: bong_canada, economics, election, war
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