DC Tea Party Protest Shut Down By Secret Service, Package Thrown Over White House Fence (VIDEO)

For those on the Right that thinks President Obama is such a Socialist/Fascist/Communist/Terrorist/Muslim/ Dictator ... let me give you a reality check.



I once met an Iraqi Exile who told me of an incident when Saddam was in power that is illustrative of how brutal dictators operate. According to this gentleman there was a well paved thoroughfare surrounding Saddam's Palace (one of the only smoothly paved roads in Baghdad, and the only road with stop lights as well). There was a driveway that led through the gates and up to the Palace. So the story goes a car turns off the road onto the driveway, past the guard station heading towards the palace. The guards at the gate start riddling the car with machine gun bullets, to be joined by guards on the palace roof that unleash on the unauthorized car with 50 caliber machine gun bullets. The smoking car, Swiss cheese at this point, slows to a stop in the middle of the driveway and a wounded individual exits the car and is quickly dispatched. Incident over.



The guards reward for their actions? The guards at the gate were ordered executed for allowing the car past them. The guards manning the 50 caliber machine guns were ordered executed because despite the number of bullets they pumped into the car someone was still capable to exit it.



This is an example of how a Brutal Fascist Dictator handles disturbances at his home.
About Tax Day Tea Parties
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The Problems of Nationalizing the Banks Remain

Hale, my problem is that off book toxic assets are not factored into the true health picture of the banks, and without that data it makes it hard to gauge the proper approach to their fate. I mean, the Banks may seem to be in good shape sans the toxic assets data, but that is an unreasonably rosy picture.



I was for Nationalization of Banks initially, but your arguments adjusted my opinion on that. William K Black, in his interview with Bill Moyers, mentioned that receivership, which I believe the FDIC engaged in twice this weekend alone, never ceased to be an option for the Big Banks as well. I do not believe a prolonged period of Government Control would be appropriate for the Banks because of issues you raised, but going forward in the current approach isn't feasible in the long term either.



How about this? What if the Government were to take these big Financial Services Corporations into receivership long enough to split them up into their Banking, Insurance, and Investment lines and then relinquish control? Currently we have a situation where money is given to aid the banks but is finding its way into the Investment loss area ... I'm thinking that is why we aren't seeing the kind of success from TARP we had hoped. If we split the Banking units off, money given to the Banks will stay with the Banks.
About Economy
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