This is for people making over $250,000 a year and applies to all financial companies that have received over $5 billion in bail out money. This is becoming a frightening situation. The US government makes the tremendously awful decision to bail out companies that are supposedly "too big to fail" which in both theory and practice creates government-sponsored monopolies and now the government is trying to control decisions that these newly coronated monopolies are making. I think that by many definitions you may call this nationalization. Given enough time and power I am sure Pres. Obama will continue to move in this horrifying direction which will mean that small business owners like myself have a very dim future in this country.
The article can be found here.
Thursday, March 19, 2009
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