political foo: The return of corporatism

[alpharaposa]

Obama and the Reawakening of Corporatism

This part:

It’s why some banks were pressured to accept bailout money they didn’t need and have been pressured not to return it to get out from under federal micromanagement.

Outlines what was the most upsetting part to me about the AIG debacle. It's all very well to say, "Well, they took government funds, so the government has a right to intervene!" Banks were given bailout funds (under Paulson/Bush) whether the bank wanted them or not, and even now, when some are trying to pay it back and get out of the stimulus business, Geithner/Obama won't let them.

Whether or not it started with good intentions, now it's about control.

Comments

[collinsmom.livejournal.com]

It's always been about control and power. Who has the money determines who has power with which they have control. The thing that disturbs me is that the companies that were going down found deep pockets in the government. So they have given over their own control for money. Since they begged the government to bail them out, they readily agreed to be controlled. However, once the government took control, it likes it. It is a heady drug, power and control, and they want more without concern for who they are hurting, just so long as it isn't them.

[elusivetiger.livejournal.com]

Dating back to Jekyll Island and the establishment of the fed, it has always been about control.