More: Tally me bananas - Mark Steyn - The Corner on National Review Online Quote: Tally me bananas [Mark Steyn] John Hinderaker asks: "Are we a banana republic?" Wells Fargo didn't want any TARP money, but the government forced it to take more than $5 billion worth, so Wells Fargo employees who receive bonuses would be subject to Pelosi's proposed tax. Say you're a teller at Wells Fargo and you're married to a lawyer who makes $250,000 this year. You get a $10,000 bonus for your good work during 2008. The government steals it all (90 percent federal plus 8.5 percent state plus, unless it's included in the 90 percent, 3 percent Medicare). That is simply insane.
If the Pelosi bill is actually enacted into law (which I still think is doubtful) and upheld by the courts, there is no limit to the arbitrary power of Congress. In that event, we have no property rights and there is no Constitution—no equal protection clause, no due process clause, no impairment of contracts clause, no bill of attainder/ex post facto law clause. Instead, we are living in a majoritarian tyranny. In defense of the banks that money was forced upon, seems many are looking to return it, now that the tentacles are becoming clear: northern trust return TARP - Google News
While it's a mix of links, one can see the 'good banks' through the spin of Barney Frank's machinations.
What happened with Northern Trust, one of the 'targets' since January spun by the Democrats to keep people from seeing what the right hand was doing, is a key example of this.
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"We are fighting today for our life, for our liberty, for our all, we cannot go on being led as we are. Somehow or other, we must get into the Government men who can match our enemies in fighting spirit, in daring, in resolution and in thirst for victory."~Leo Amery 1940, while staring at Chamberlain |