"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-- Thomas Jefferson
And who says they don't want to nationalize banks and destroy free market capitalism?
More proof of Obama's war on investors. Welcome to The United Socialist States of America (USSA).
Obama says he hopes "it doesn't take too long" to convince Congress to approve new authority to oversee financial firms.
Treasury Secretary Timothy Geithner asked lawmakers to give him powers similar to those of the Federal Deposit Insurance Corporation, which can seize control of banks, take over their bad assets and sell the good ones to competitors.
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