I do believe that we are seeing a level of governmental interference in business unprecedented since the Great Depression and I am glad to see SNL mocking it.
Obama's interference in the private market has more akin to fascism than socialism.
A mildy entertaining premise strung out for 5:00 minutes. Kinda describes the state of SNL in general.
What interference? All these companies are free to reject the bailouts and go out of business or into bankruptcy pronto.
"We're sorry, currently our video library can only be streamed within the United States."
When the U.S. Treasury persuaded the nation's nine biggest banks to accept capital investments in October, it signaled the whole industry was weak, Kovacevich, 65, said in a March 13 speech at Stanford University in California. Even though Wells Fargo didn't want the money, it must comply with the same rules that the government placed on banks that did need it, he said.
The government may be reluctant to let any banks pay back the TARP money now, because it could pressure other companies that still need the cash to return it, according to Peter Sorrentino, who helps manage $13.3 billion at Huntington Asset Advisors in Cincinnati.
"The regulators do want to keep all these guys on the same page," Sorrentino said in an interview. "It's like a chain gang, you've got them all in handcuffs. If you let some of them out, then you've got a couple off the reservation."
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