Monday, December 14, 2009

The Banking Summit

Today, Obama held his "banking summit" where he spent most of his time exhorting the bankers for causing the banking crisis and demanded that they loosen their lending practices, threatening them with his resolve to fight them every step of the way.
The bankers replied that they would not go back to the banking practices forced on them by Barney Frank and Harry Reid that caused them to make loans to people that couldn't pay them back.
First of all, the banks never really needed the TARP money to "bail them out" as is proven by the fact that today, Citibank was the last one to pay back all of the TARP money that they were forced to take. Since the banks discontinued making loans to those that either couldn't or had no intention of paying them back, they invested the TARP money in treasury notes and made huge profits on taxpayer money.
Now Obama wants them to go back to loaning money to anyone not qualified to borrow.
Between Obama and his "advisers", we see the inmates running the asylum". Either they have a plan to destroy America or are really idiots (you pick which).
Banks are in business to make a profit. Do you think that they are stupid enough to loan money to people that can't pay it back ? Of course not; it was forced on them by the idiots that we've elected to represent us.
You must VOTE OUT EVERY ONE IN GOVERNMENT the first chance you have. If you don't, you're helping perpetuate the end of America.

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