Posted by: arnegrim | May 14, 2009

How utterly disappointing…

“WASHINGTON (Reuters) – Documents made public on Wednesday confirm former U.S. Treasury Secretary Henry Paulson gave nine major banks no choice but to allow the government to take equity stakes in them as the Bush administration moved to address turmoil in the financial industry.

“These documents show our government exercising unrestrained power over the private sector,” Judicial Watch president Tom Fitton said in a statement.”

http://news.yahoo.com/s/nm/20090514/bs_nm/us_financial_banks_meeting_3

That is not what a true conservative would do… and now our current President is moving that goalpost even further… much much further.

Slippery slope indeed.

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