EVIL Banks Try To REPAY messiah!!!

In the Liberal Zone, the government tries to look oh-so-helpful.  They offer to bail out businesses, but the help has some serious strings attached.  If the messiah SPENDULUS MAXIMUS wants to fire your CEO, well, you took the money so bend over and take it like…well…you know.  The messiah and Bwarney Fwank want to tell you how much your salary can be?  Grin and bear it.  The messiah wants to dictate any aspect of your business that he wants?  Well, my friend, he now owns you, so STFU and do what you’re told!

Now,  some have recognized that taking the government drug has some pretty powerful withdrawal symptoms.

For some analysis...

…So why no cheering as the cash comes back?

My answer: The government wants to control the banks, just as it now controls GM and Chrysler, and will surely control the health industry in the not-too-distant future. Keeping them TARP-stuffed is the key to control. And for this intensely political president, mere influence is not enough. The White House wants to tell ‘em what to do. Control. Direct. Command.

It is not for nothing that rage has been turned on those wicked financiers. The banks are at the core of the administration’s thrust: By managing the money, government can steer the whole economy even more firmly down the left fork in the road.

If the banks are forced to keep TARP cash — which was often forced on them in the first place — the Obama team can work its will on the financial system to unprecedented degree. That’s what’s happening right now.

So, the messiah wants the evil bankers to keep the government money?  What if they return it?  More on that here.

Yesterday, four small banks became the first in the country to pay back taxpayer money received from the government. The banks – Old National Bancorp of Indiana, IberiaBank of Louisiana, Bank of Marin Bancorp in California and Signature Bank of New York – returned a total of $338 million to the Treasury. That’s a tiny fraction of the nearly $200 billion in capital provided to banks under the government’s TARP program, but the amounts are expected to swell as more banks join the queue to hand back their subsidies.

One would think this would be universally cheered as good news. What could be better than taxpayers getting their money back from banks that no longer need it? Yet, much of the media coverage of the paybacks has been glum. The Washington Post, for instance, reported that the move “underscored concerns about the health of a key element of the federal economic recovery program.” The worry is that public outrage and government scrutiny of the activities of aid recipients is encouraging banks to return the money earlier than planned. (Emphasis added)

“underscored concerns about the health of a key element of the federal economic recovery program.” The worry is that public outrage and government scrutiny of the activities of aid recipients is encouraging banks to return the money earlier than planned.”

CALL IT SOMETHING ELSE TRANSLATION: If the banks return the money, it’ll be harder to vilify capitalism and control the banking industry.  We won’t be able to  blame them for all the things we do to destroy the economy.  They’re trying to escape our control, we can’t let that happen!  We have to keep trying to pin everything on the evil bankers, not the CRA.

But wait, there’s still more…

There’s been one more fret about the TARP paybacks – that it will “damage confidence in banks that cannot pay back the money.” In other words, if healthy banks pay back their bailout money, there will be doubts about institutions that don’t pay theirs back.

Huh? That’s the way markets are supposed to work. It’s a good thing when consumers and investors can tell the good from the bad. The job of policymakers should be to further the spread of this information, not suppress it.

Kudos should go to the four banks who returned the money. Hopefully, they will be followed by a long line of others.

“damage confidence in banks that cannot pay back the money.”

CALL IT SOMETHING ELSE TRANSLATION: We have to make a good thing look like a bad thing so the sheeple will think that this is bad, very, very bad.  All of the messiah’s new taxes and spending is going to tank the economy again.  We need a scapegoat.  Who better than the bankers, after all, they were only doing what we (libs) told them to do.

Ah yes ladies and gentlemen, the government takes control by giving the aid.  They specify what and how you can spend it, what your payroll will be, and will throw up roadblocks if you try to get off the government drug.  They neglect, of course, to mention that it was their interference with the mortgage industry that caused the problem in the first place.

Now that banks and business have discovered, the hard way, that government aid is synonymous  with government control, what will the messiah SPENDULUS MAXIMUS do next?  How will he and his minions at the Legion of Doom spin this?  That remains to be seen, but we can be pretty sure that there will be deception involved.  But then again, this is the Liberal Zone!

UPDATE: Here’s a related video.