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Posted by: BB64 6 months, 3 weeks ago
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BB646 months, 3 weeks ago
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Then perhaps you should consider removing your head from the sand. Obama has seized private businesses. Prior to the seizures, he's ordered the termination of board members. He's also threatened private bond holders. So tell me, when did we make the President a King?
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As for your website ref, why not just post links to the DNC websites at least they would be a semi-credible site. Or are you little more than a George Soros minion?-
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Progressive6 months, 3 weeks ago
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...so much for GOP talking points.
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Obama "seized" no businesses--he bailed them out with provisos to ensure that the corporate greed resulting in their failure would not be perpetuated.
He did NOT order the termination of any board members--he told board members to fire failed, corrupt CEO's as a condition of receiving a government bailout.
Private bond holders were offered shares of stock to promote the recovery of these failed corporations. Had these "too big to fail" corporations been allowed to go belly up, like Lehman Brothers, bonds would have been as worthless as preferred stock.
Furthermore, private bond holders are primarily investors (such as board members) who have controlling interest in these corporations anyway, so they are further motivated to turn the corporation's fortunes around. -
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