Obama to Propose Limits on Big Banks - NYTimes.com

Obama to Propose Limits on Big Banks - NYTimes.com: "WASHINGTON — President Obama on Thursday will publicly propose giving bank regulators the power to limit the size of the nation’s largest banks and the scope of their risk-taking activities, an administration official said late Wednesday."


Let us remember that during the bail outs that Obama FORCED many banks to take TARP money in order for the others to get their share. Now he makes it look like the Banks need to be watched on their transactions and regulated so this doesn't happen again.

Firstly, the American People should NEVER have paid the banks debts and bailed them out. That was a mistake by Bush and complicated and multiplied several times by Obama.

Secondly, forcing banks to take bail out money that they did not need or want was his ploy to claim that all banks were in trouble so that down the road he could regulate them and put them under HIS control.

The government is interfering far too much in business and this can only stifle risk taking and sound business practices by management. Let us not forget that the government now owns Fanny and Freddie because they interfered so much, that they were forced to bail them out and create a deficit fund for them.

The government NEEDS TO STAY OUT OF AMERICAN ENTERPRISE! ~~~ The Munz