Had enough yet America?

“Unveiling a sweeping overhaul of the government’s plan for rescuing banks, Treasury Secretary Timothy Geithner warned Tuesday that a “dangerous dynamic” still threatens the nation’s financial system and must be arrested by more aggressive government intervention.

“Instead of catalyzing recovery, the financial system is working against recovery, and that’s the dangerous dynamic we need to change,” Geithner said on the new “comprehensive financial stability plan.”

Geithner said the actions taken by the government so far “were absolutely essential, but they were inadequate.”

“The force of government support was not comprehensive or quick enough to withstand the deepening pressure brought on by the financial crisis,” he said. “The spectacle of huge amounts of taxpayer money being provided to the same institutions that help caused the crisis, with limited transparency and oversight added to public distrust.”

The overhaul of the government’s bank-rescue architecture, which originated in the final days of the Bush administration, is President Obama’s chance to put his stamp on a program that will be a key driver of the country’s eventual economic recovery.

Geithner, who spoke at 11 a.m. in the Cash Room of the Treasury Department, did not ask Congress for any new money for the program, although Obama left that possibility open during his prime-time news conference Monday.”

Of course government was all too “comprehensive”, and which regulations and rules help hose the financial system in the first place. This is nothing more than a precusor to full government control of our entire banking system which include private money control.

Along with Obama grabbing control of the Census Bureau for “emergency reasons”, and every American should be very concerned.

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