Tweet Beware The Reach Of Big Brother
New Rules Imposed Today. More To Be Imposed Tomorrow
1) Mandatory daily viewing of Obama news conference (attendance will be taken and those found missing will face disciplinary action)
2) There will be a mandatory dress code for all Americans, and if found to be in non-compliance you will face the prospect of the non-patriots garb.
3) There will be a strictly enforced method for diapering all babies, acceptable food to feed them and allowable stores to shop for both food and diapers in. To violate this edict will label you as non-cooperative and bordering as something other than an American.
4) Finally, any disagreement with any administration proposals will be punished by having to Tivo and listen to #1 four additional times!
Sound far fetched? So did some of the items below.
We Are Not Alone
Are you a bondholder or the manager of a fund holding bonds with fiduciary responsibility? Play the workout game the Obama administrations way or you are not a true patriot. Far from it. “While many stakeholders made sacrifices and worked constructively, I have to tell you that some did not,” Obama said Thursday. “I don't stand with them. I stand with Chrysler's employees, families, and communities ... I don't stand with those who held out while everyone else was making sacrifices.” The hell with contracts and bond indentures. The hell with specifically purchasing the highest lien bonds. If you don't play ball, you will be crushed by the machine.
Are you the CEO of a publicly traded company that has taken a government loan? Don't get to attached to your job if the Obama administration thinks that you are not doing a good job.
Are you a bank that took TARP money either because you needed it or because you did so at the request of the Treasury? Stay tuned, and the government will let you know if and when you can return it. Returning it would cost the government it's control, and they just may not want to do that.
Are you a lender that entered into a mortgage "contract" with a borrower? The contract may be determined to be null and void with a government instituted method for making it more acceptable to both the borrower and government.
What Do We Have On The Menu For Today?
The Obama administration has begun serious talks about how it can change compensation practices across the financial-services industry, including at companies that did not receive federal bailout money, according to people familiar with the matter.(Wall Street Journal)
In the overall context of 1984 and government intervention, nothing more needs to be said.