I hear Karl is being named CEO of Citibank?!

1. Our government - under the Clinton Administration - began strong-arming Fannie Mae, Freddie Mac, and banks to lend money to people with bad credit and low income, or face being painted as heartless bigots. I.E. Make bad loans.
   
2. Fannie Mae and Freddie Mac tanks from all the bad loans, and the government moves in to seize them.
3. Citigroup, who is hurt by the credit crunch (created and instigated by policies forced on the lending community) - gets $20 billion of your tax dollars invested in it.
4. Citi's stock falls to about $1 / share, making it worth about $5.6 billion. That is a NEGATIVE (-) $14.4 billion loss on an "investment" of YOUR $$$. It isn't even worth the cold, hard cash given to it now.
5. And now the FDIC that "insures" your money at your bank who has behaved well, is at risk of going belly-up, so our government is looking to lend it half a trillion dollars.
   

And they took it from YOU. That's right - the government has spent about $25,000 per taxpayer, about $11,000 per person in the US to throw away in a black hole just in the last 2 months.

Only in government thinking does it make sense to throw good money after bad. What happened to allowing bad companies to fail so that good companies can rise to the top and succeed? Back in the early 1900s, before the "Big 3" auto makers, there were hundreds of local auto makers. The best survived (well until now anyways!). Not any more - we're going to reward incompetence!

Not only that, but we're going to take money from you to pay for bad investments! If there IS any upside, the government owns the shares and gets the reward. They didn't even risk their own money! They risked YOURS.

And, if you refuse to give them your money via taxes to continue financing their seizure of failed private property and corporations, they'll confiscate your house or garnish your wages.

Excellent!

Allow me to share 3 of the 10 steps necessary to implement the communist manifesto as written by Marx:
1. Abolition of private property and the application of all rents of land to public purposes.
5. Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
7. Extension of factories and instruments of production owned by the state, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.

We're getting closer!

Now, I'm not saying people are overtly and explicitly trying to implement this (although certainly some are), but who can deny what is taking place?