TARP Oversight Chair: Replace All Bank Management Teams

Elizabeth Warren, the chair of the TARP oversight funds, is lobbying to get the management teams of every single TARP-recipient bank removed. (Once again, never mind that many of the TARP recipients never wanted the funds, never needed the funds, and now are not even allowed to repay the funds.)

This is a radical and stunning, but not unexpected development from this administration and from Warren in particular. The goal here is government control of the entire financial sector to further Far Left policies, just as the government did with GM. Subservient, inefficient, government lapdogs for the banking industry is precisely what will send this country into a depression.

How this radical woman ever became TARP chair is beyond me. As longtime financial industry analyst Tom Brown pointed out back in December, Warren has called the entire lending industry a “giant credit machine that wants to eat families alive.”