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First buzzed by: muertos

Obama plan could trim back financial powerhouses (AP)

They are the biggest of the big -- the Citigroups, the Goldman Sachses, the AIGs and other financial behemoths. The Obama administration doesn't want so many around anymore. » Full Story on Yahoo! Finance

This is undoubtably the single most blatant power-grab since Hitler; maybe if the Socialist Liberal Press had spent as much time in Chicago, before the election, as they did in Alaska we wouldn't be slipping into marxist socialism.

posted Jul 6, 2009 |
+31
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Obama and the Democrats swore to God Almighty that they would uphold the US Constitution. So did the cowardly Republicans! Our government is turning their back on our Constitution they are betraying us the people.

posted Jul 6, 2009 |
+31
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Sounds like a dick-tator-ship

posted Jul 6, 2009 |
+14
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This out of control spending socialist administration is surely not an example of how to reduce costs!! With an unsustainable budget, trillions in more proposed spending, who can logically listen and believe???


WAKE UP AMERICA

posted Jul 6, 2009 |
+16
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OK first we had to bail them out because country would go under if did not throw trillions of dollars at them with no checks - now we need to trim them back anyone see the inconsistency here- or is it just they have paid off those need to for their campaign support and now want to take over more. O and company doesn't want so many around so can consolidate their choke hold on US. If they are so bad for country why did Obama and all bail them out in first place cause result will be same if get rid of them now more unemployment and the disappearance of all teh bail out money they gave them

posted Jul 6, 2009 |
+6
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Once again we have a President over stepping his authority, King Obama is breaking the law/constitution by doing the things he is doing, but no one has the guts to stand up to him, even the media. Is it because he is black or what?

posted Jul 6, 2009 |
+18
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Wow they forgot something. This article was in our Buffalo paper this am. And here is what this article didn't print. Funny" Did I miss something?
These companies are so far-flung, so intertwined and so precariously leveraged that a single one’s collapse can create systemwide tremors that imperil the finances of millions of Americans.

With that fear in mind, then-President George W. Bush’s administration stepped in to bail out Citigroup Inc., Bank of America Corp. and American International Group with tens of billions of public money last year.

Looking to avoid such a costly intervention, President Obama’s regulatory plan calls for large, interconnected companies to pay a heavy price for the systemwide risk they pose.

posted Jul 6, 2009 |
+7
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Yes enemy combatant Obama and his croonies doesn't want so many around. They want to kill all the successful, steady, and reliable local banks and credit unions that are standing in their way and who won't go along with their scams to create a one bank monopoly for the corporate terrorists at Citigroup who enemy combatant Obama's terrorist group of choice Al Qaeda.

posted Jul 6, 2009 |
-7
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x-republic, please you actually believe that @#$%^ from the corporate terrorists in power and on wall street. If they go under, they will go under. New better banks and credit unions will take their place. While things may not be pretty for a few months to 1 year after that time period life will go back to normal with the newer better companies. But enemy combatant Obama and his croonies in Congress would rather steal your money and prolongate and eventually worsen our suffering so they can get their kickbacks from the corporate terrorists on wall street. You've bought their lies hook, line, and sinker. And might I ad their lies come at a very high price: our countries future.

posted Jul 6, 2009 |
+7
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Can we drop it with the financial institutions and automakers...

How about systematically removing each and evey lobbyist in DC. Then, work on the medical insurance industry and the pharmaceutical industry to redcue their coverage and perscription costs.

Then, like the "say no to drugs" campaign from way back when, let's start the "say no to obese children" and start feeding kids the right things at HOME.

Then, focus on supplying our schools with money for teachers, and money for supplies as well as renovations.

If our kids are not set up for success, we all fail.

Subsequently, Spencer and Heidi, Paris, Matt Damon, Twinkies, video games, Monster Energy drinks WIN.

posted Jul 6, 2009 |
+15
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This sounds like Hitler is going to try to kill the successful responsible local banks and credit unions.

posted Jul 6, 2009 |
+7
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PS My friend Michael has become very concerned about all the people in the country who have lost jobs and money and whom are struggling.

That is why he will be taking up a collection. Please send your hard earned money to his collection fund. The funds will go to support the corporate terrorists at Citigroup, Bank of America, and AIG. Now he knows that you have already given, but please give more to these traitors who are ruining OUR nation.

And don't worry he won't waste 1 dime on the unemployed.

posted Jul 6, 2009 |
+8
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Jim

"The Obama administration does not want so many around anymore"

What Obama does not realize is any investors/job creators do not like the Government getting this involved in Business. If I had the money righ now, I would not invest one dime in anything for fear Obama may decide not to like my business. THat and the ridiculous spending by Obama are the main reasons the economy is not improving.

Do not bother with the Bush blah blah. I have zero doubt Obama is harming the economy and is the reason we are bleeding jobs.

posted Jul 6, 2009 |
+11
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Thats why barack husseins in moscow,learning better control tatics from the Masters.

posted Jul 6, 2009 |
+15
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Chop, hack, tax, punish and destroy these stinking evil firms that deal with money. Make them leave our glorious People's State and let them STAIN another land with their wrongfully obtained jobs and profits. We shall not rest until Wall Street is the People's State National Soup Kitchen and Capitalist Graveyard. These producer fools think they can escape Comrade Savior Curious BO BO by moving to another country - HA ! Soon all in the world shall bask in our leader's hi-pro glow of Fairness, Hope and Change! Long Live The People's State!

posted Jul 6, 2009 |
+4
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x-republic: please get with the program on yahoo buzz its very simple. The republicans NEVER did anything wrong. The democrats never did anything right. Don't you ever post that republicans did the same thing as Obama is doing. Republicans can't handle the truth. 8 years of bush Cheney were wonderful. In 7 months Obama destroyed everything. its all Obama's fault. Nothing but a republican lie but that's all they know how to do. Tell a lie long enough someone might believe it. BUSH CHENEY DESTROYED Economy WITH THIER PHONEY WAR

posted Jul 6, 2009 |
-15
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Seriously do you people think this is a hockey game? We are getting screwed by all the traitors in power who stole our money and gave it to the corporate terrorist bankers on wall street. Mindless cheering for one side is futile. It is us verses them. Let's focus on getting rid of all the traitors in power and putting in real Americans who will stand up and yell thief when and if a traitor should steal or attempt to steal our money.

posted Jul 6, 2009 |
+10
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Roy

We are the UNWILLING led by the UNQUALIFIED doing the UNNECCESSARY for the UNGRATEFUL...signed..the American Taxpayer

posted Jul 6, 2009 |
+15
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I feel sorry for my children and their children. They will be here for the collapse unless this administration is checked and stopped from going the direction they are headed. I am old enough to not have to live long enough to totally collapse. my children's children will never know the true America I grew up in, to know how it was to be truly free. We were proud to do what it took to keep it free.7edp

posted Jul 6, 2009 |
+12
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Government isn't the solution, it's the problem.

posted Jul 6, 2009 |
+20
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triathlonr: I agree. Would post the names of a few of these real americans

posted Jul 6, 2009 |
+4
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One more step in the demise of free market capitalism engineered by the leftists in the Obama administration. If Obama rules for 8 years, he'll have converted this country into a pseudo-Europe.

posted Jul 6, 2009 |
+8
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Oh, this is just wonderful. And now he's gone to Russia to get more pointers on how to destroy this economy and country. Did anybody even check into his background before they voted for him? He may have promised you what you wanted to hear...But, this country is about to get screwed royally!

posted Jul 6, 2009 |
+5
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David: your president did not run his campaign saying that his policy was going to be to blame the previous administration. He ran saying he was going to solve the problem not worsen it

posted Jul 6, 2009 |
+6
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The real story is that Obama and the democrats are looting America.

This story is just another smoke screen pushed out by the corrupt Obama administration to divert attention and seize more power.

The only way to stop this is to vote the dems out of office in the upcoming mid term elections. Without a majority in congress they will no longer get to funnel Billions of your tax dollars to scams like ACORN.

posted Jul 6, 2009 |
+9
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I just wish people would get past this Red vs Dem junk...They are all liars. Bush screwed us, Obama is screwing us, but it goes all the way back to 1913 folks. Do a little research for yourself..

posted Jul 6, 2009 |
+7
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He is trimming the branches only. Cut the freaking tree by dismantling and kicking out the Federal Reserve who is controlling all very quietly. All these big banks belong to them too. Take a look at the major holders of the stock and you will clearly see that they are from England. Pay backs are a bitch!!!!

posted Jul 6, 2009 |
+8
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OBAMA + DEMOCRATS = LIARS

Liberals are like crack dealers: they will tell you anything to get you to believe in them. But like crack dealers, THEY LIE.

posted Jul 6, 2009 |
+9
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Joseph Stalin said "he who controls the vote wins". Obama's takeover of the census is a very dangerous thing and illegal as hell!! The census will decide the number of representatives, etc. from a district and can be used to increase the number of minority Democratic representatives just by skewing the numbers. Neither the law nor the Constitution mean anything to this man. RISE UP and call every representative you can an dprotest the involvement of Acorn in taking the American census. This is a job for a by-partisan committee--not controlled by the Whitehouse(Obama).

posted Jul 6, 2009 |
+13
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This man should not be allowed to determine who stays around. Every decision that the idiot has made has proven to be a bad one, now this!!!!! As I have said before, the next congress will hold an election in 2010, that will be the time where we will be able to stop the dumbocrats and odumya in their quest for ruining our nations economic stability!

posted Jul 6, 2009 |
+3
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