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President Obama has taken the United States one more giant step toward socialism by ramming through the Senate his financial regulation bill.
The bill authorizes the secretary of the treasury -- a political appointee -- to seize any financial company (bank or non-bank) simply because, in his opinion, it is too big to fail and in danger of insolvency. This power can be used for political retribution, pressure for campaign funding or any other abuse that bureaucratic whim or partisan politics can conceive. It is a power Fidel Castro or Hugo Chavez would love to have!
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Financial Regulation Bill is Socialism
You write with such "knowledge" about financial matters, yet you fail to grasp the essential:
Barack Hussein Obama is not interested in regulating banks for the benefit of his subjects, ooops, I means US citizens...
He is simply interested in REGULATING the financial industry as he now regulates GM, AIG, the Health Care sector, etc.
His ultimate objective is nationalization (of as many industries as possible)... which is normally a socialist/fascist objective in any dictatorship.