And the (Fascist) Beat Goes On…

The Obama Administration demontrate their fascist side: Geithner to Banks: Get Federal Help, Government Decides Your Executive Line-Up:

WASHINGTON — The government may require new faces in executive suites at banks requiring “exceptional assistance” in the future, Treasury Secretary Timothy Geithner said Sunday.

Critics of the Obama administration’s move last weekend to force out the chairman of General Motors Corp., Rick Wagoner, as a condition for possible additional federal loans say that strong government intervention contrasts with measures placed on the financial industry in return for billions in infusions.

Geithner denied there was a double standard and put banks on notice that they may need to change leadership teams in exchange for accepting more money in the future. [Emphasis added.]

“If, in the future, banks need exceptional assistance in order to get through this, then we’ll make sure that assistance comes with conditions, not just to protect the taxpayer but to make sure this is the kind of restructuring necessary for them to emerge stronger,” he told “Face the Nation” on CBS. “And where that requires a change of management of the board, we’ll do that.”

Note that when challenged about the alleged double standard between GM’s treatment and the banks’, Geithner didn’t call GM an outlier but rather promised the banks that the same will happen to them. In other words, when faced with a choice between more or less power, this Obama crony chose more.

Read the whole thing, if you have the stomach for it.

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