It appears that the current administration is willing and able to exercise an abuse of power by imposing after the fact taxes on the financial banking community.
This was a quote written by Gerald Ford, thought to be originate by THomas Jefferson with a later derivate by Ronald Reagan "If we've learned anything, it is that GOVERNMENT THAT IS BIG ENOUGH TO GIVE YOU EVERYTHING YOU WANT IS MORE LIKELY TO SIMPLY TAKE EVERYTHING YOU'VE GOT. And that's not freedom, that's servitude. That isn't the way Americans were meant to live."
I agree that the banking system was bailed out. However, the negotiations of the time should have been done prior. It can become very dangerous when it becomes precedent that the government can arbitrarily create taxes and seizure.
Brendan P. Byrne
Trader
This was a quote written by Gerald Ford, thought to be originate by THomas Jefferson with a later derivate by Ronald Reagan "If we've learned anything, it is that GOVERNMENT THAT IS BIG ENOUGH TO GIVE YOU EVERYTHING YOU WANT IS MORE LIKELY TO SIMPLY TAKE EVERYTHING YOU'VE GOT. And that's not freedom, that's servitude. That isn't the way Americans were meant to live."
I agree that the banking system was bailed out. However, the negotiations of the time should have been done prior. It can become very dangerous when it becomes precedent that the government can arbitrarily create taxes and seizure.
Brendan P. Byrne
Trader
