Obama Wants A Government-Owned Bank

[Richard]

A Government Bank? Please, No!

Posted by Bill Anderson at January 17, 2009 07:54 PM

Nearly a century after the creators of the Federal Reserve System believed they had given the banking system its "magic bullet," today's government geniuses are proposing the next logical step: a government bank. No, I am not kidding:

WASHINGTON (Reuters) - The incoming Obama administration is considering setting up a government-run bank to acquire bad assets clogging the financial system, a person familiar with the Obama team's thinking said on Saturday.

The U.S. Federal Reserve, Treasury and Federal Deposit Insurance Corp have been in talks about ways to ease a banking crisis that is once again deepening -- and a government-run "aggregator bank" is among the options.

Outgoing Treasury Secretary Henry Paulson and FDIC Chairman Sheila Bair both said on Friday a government bank was one of a number of ideas U.S. regulators had been discussing.

The source said advisers to President-elect Barack Obama, who takes office on Tuesday, were also considering the idea of an aggregator bank among a range of options that could be pursued.

David Axelrod, a top adviser to Obama, told Reuters the new administration would have something to say about a fresh approach to the financial crisis in "the next few days."

Oh, yes, socialism is a "fresh approach." Yeah, it is "fresh" the same way that a newly-created cowpie is "fresh." I hate to tell these geniuses that a government bank is going to be enmeshed in all sorts of corruption and political pressures before long. However, like the Tennessee Valley Authority, it never will go out of business, just as long as there is a living, breathing taxpayer to squeeze.

http://www.lewrockwell.com/blog/lewrw/ar...24872.html

[BlueMoon]

So...here it is again....Socialism....

[Zvezdica]

it's just control

[AndrewX]

What the article fails to mention is that this pseudo ENTITY referred to as 'the government', is in fact a REGISTERED corporation on the American Stock exchange with Tenix Corp having majority holding.

Federal Reserve or 'government' is no different to Fed Ex or Krupp Enterprises opening the same Bank.
 
This is OBVIOUSLY a ploy to hush the MANY who have wised up to the Federal Reserve con, by means of ANOTHER con. It's a bit like gathering the rubbish off your dirty wooden floor; to then go and sweep it ALL under your large rug and claim the house in now clean. 

Until such times as sovereignty is reinstated NATIONWIDE WITHOUT EXCEPTION and Corporate AND Admiralty Laws are relegated to being an unalterable and permanent 'Act' of the land wholly and solely under the control and total jurisdiction of COMMON LAW, along with the ABOLISHION and total outlawing of MARSHAL LAW, then 'government' ANYTHING is the same as saying 'Corporation X'.  True government as most know it, shall remain another company under the total control of the largest corporation in the land.  Thereby transferring total governance to them.
 
I still have no reason to apologies for my recent remarks about him... sad to say.

Good try Obama, but no ceegar.