Wednesday, May 13, 2009

Geithner: Bailout repayments from large banks to help smaller banks

Treasury Secretary Tim Geithner said on Wednesday that the bailouts to only the larger banks is not fair to smaller community banks. So what better way to make it fair? How about have the government take control over the smaller banks too! Geithner said the Obama administration will use bailout money repaid by large banks to provide additional capital infusions to smaller banks.

But, I thought the smaller banks knew how to run their businesses. I hope these banks don't fall for this. The U.S. government wants total control over the banking system. They want capitalism to die.

IN THE NEWS:
Associated Press: Geithner: Bailout repayments will broaden program

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