Sunday, August 01, 2010

Obama, Congress create another bailout fund


The Washington Examiner reports on Obama's new lending scam:
The fund would allow the Treasury Department to use $30 billion in taxpayer dollars to throw into community banks -- those with less than $10 billion in total assets. But this money comes with strings attached. Stephen Spruiell of National Review notes that each recipient bank applying for funds would be required to submit a small-business lending plan to "describe how the applicant's business strategy and operating goals will allow it to address the needs of small businesses in the areas it serves, as well as a plan to provide linguistically and culturally appropriate outreach, where appropriate."

Theft through voting.