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White House wants to convert the high dividend preferred stocks the banks pledged as collateral for the "stimulus money" (which it now appears that many of the banks had to be threatened to take) into non-dividend voting shares. Clearly, Obama wants to be able to leverage the nation's 16 largest banks the same way Adolph Hitler did in 1932 on his journey from Chancellor of the Weimar Republic to dictator of the Third Reich. Dig out your pre-1964 history books and and study the history of the world from 1923 to 1933. Then start polling Congressmen and Senators to see if there are enough votes to impeach the Resident.

 

 

Just Say No
Copyright 2009 Jon Christian Ryter.
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