Obama's Coming Bank Grab?

Ben Johnson,FloydReports.com

If you have enjoyed owning a car company,you’re going to love getting voting representation in several banks nationwide. Barack Obama’s Treasury Department is already “monitoring”19 banks and may appoint new board members. The trouble? They took TARP money and have fallen behind on their payments. Almost as troubling,the [...]

Obama Says “You Can Trust”Senate Candidate with Ties to an Iraqi Arms Dealer,Tony Rezko,and Assorted Mob Figures

Ben Johnson,Floyd Reports

There is more bad news for Barack Obama’s endorsed candidate for U.S. Senate in Illinois,Alexi Giannoulias:the failed bank where he worked as an executive loaned millions of dollars to an Iraqi arms dealer and convicted felon Tony Rezko. Broadway Bank,which Giannoulias’ family started,approved a $22.75 million [...]

Obama Reform Plan Will Have Taxpayers Paying for Bank Failures

Money News

 

A Senate measure advertised as protecting taxpayers from another Wall Street bailout would still leave them fronting the money if the government moves to liquidate a big failing company like insurance giant AIG.

Taxpayers could end up putting up billions of dollars to cover the costs [...]